MRGR vs. PSCE ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to PowerShares S&P SmallCap Energy Portfolio (PSCE)
MRGR
ProShares Merger ETF
MRGR Description
The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.
Grade (RS Rating)
Last Trade
$40.38
Average Daily Volume
826
32
PSCE
PowerShares S&P SmallCap Energy Portfolio
PSCE Description
The PowerShares S&P SmallCap Energy Portfolio (Fund) is based on the S&P SmallCap 600® Capped Energy Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US energy companies. These companies are principally engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil based energy. The Index is a subset of the S&P SmallCap 600® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$51.97
Average Daily Volume
39,156
28
Performance
| Period | MRGR | PSCE |
|---|---|---|
| 30 Days | 0.69% | -0.27% |
| 60 Days | 0.76% | -4.52% |
| 90 Days | 0.05% | -10.21% |
| 12 Months | 7.06% | 14.31% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in PSCE | Overlap | |
|---|---|---|---|---|---|
| SLCA | B | 2.37% | 2.02% | 2.02% |
MRGR Overweight 31 Positions Relative to PSCE
| Symbol | Grade | Weight | |
|---|---|---|---|
| WRK | C | 3.22% | |
| EVBG | B | 2.99% | |
| ETRN | D | 2.86% | |
| HTLF | B | 2.56% | |
| EDR | A | 2.53% | |
| AIRC | A | 2.52% | |
| MODN | B | 2.5% | |
| SBOW | B | 2.49% | |
| PRFT | B | 2.49% | |
| HCP | A | 2.48% | |
| SILK | B | 2.47% | |
| HIBB | A | 2.47% | |
| DFS | B | 2.46% | |
| DO | C | 2.46% | |
| AMK | B | 2.46% | |
| SQSP | B | 2.45% | |
| WIRE | A | 2.44% | |
| MRO | B | 2.43% | |
| ALE | C | 2.43% | |
| ANSS | C | 2.4% | |
| SRCL | B | 2.39% | |
| AXNX | B | 2.38% | |
| JNPR | B | 2.32% | |
| CTLT | B | 2.28% | |
| IBTX | B | 2.27% | |
| CERE | C | 2.26% | |
| HES | D | 2.17% | |
| MGRC | D | 2.08% | |
| CHX | C | 2.07% | |
| HA | C | 2.07% | |
| X | C | 1.82% |
MRGR Underweight 27 Positions Relative to PSCE
| Symbol | Grade | Weight | |
|---|---|---|---|
| SM | D | -8.01% | |
| TDW | C | -7.35% | |
| MGY | B | -7.35% | |
| HP | D | -5.64% | |
| NOG | C | -5.54% | |
| WHD | C | -5.49% | |
| CRC | C | -4.7% | |
| AROC | B | -4.62% | |
| PTEN | F | -4.5% | |
| LBRT | D | -4.3% | |
| CEIX | B | -4.27% | |
| OII | B | -3.91% | |
| BTU | C | -3.82% | |
| TALO | F | -3.16% | |
| HLX | B | -2.75% | |
| LPG | C | -2.39% | |
| PARR | F | -2.21% | |
| GPRE | F | -1.8% | |
| CRK | D | -1.71% | |
| CLB | B | -1.55% | |
| VTOL | C | -1.36% | |
| CVI | F | -1.3% | |
| PUMP | F | -1.17% | |
| REX | F | -1.14% | |
| DRQ | F | -1.07% | |
| NBR | F | -1.06% | |
| RES | F | -0.88% |
MRGR: Top Represented Industries & Keywords
PSCE: Top Represented Industries & Keywords
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