MRGR vs. SPTE ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to SP Funds S&P Global Technology ETF (SPTE)
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
$41.90
Average Daily Volume
792
29
SPTE
SP Funds S&P Global Technology ETF
SPTE Description
The S&P Global 1200 Shariah Information Technology Capped Index is designed to measure the performance of global large-cap equity securities within the information technology sector that pass rules-based screens for adherence to Shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. Under normal circumstances, at least 80% of the fund"s total assets will be invested in the component securities of the index. It is non-diversified.Grade (RS Rating)
Last Trade
$27.31
Average Daily Volume
8,090
66
Performance
| Period | MRGR | SPTE |
|---|---|---|
| 30 Days | -0.54% | -2.51% |
| 60 Days | 0.17% | 1.65% |
| 90 Days | 1.33% | 2.60% |
| 12 Months | 7.05% |
MRGR Overweight 27 Positions Relative to SPTE
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | B | 3.58% | |
| DFS | B | 3.14% | |
| IBTX | B | 3.02% | |
| SASR | B | 2.81% | |
| EDR | A | 2.53% | |
| INFN | D | 2.5% | |
| LBPH | A | 2.43% | |
| EVRI | A | 2.42% | |
| NAPA | A | 2.42% | |
| B | A | 2.41% | |
| SMAR | A | 2.41% | |
| ROIC | A | 2.41% | |
| ALTR | B | 2.4% | |
| ATSG | A | 2.4% | |
| ZUO | B | 2.39% | |
| K | A | 2.37% | |
| RCM | A | 2.37% | |
| ENV | B | 2.37% | |
| CDMO | A | 2.36% | |
| ALE | A | 2.31% | |
| HCP | B | 2.3% | |
| MRO | A | 2.28% | |
| LBRDK | C | 2.25% | |
| CTLT | D | 2.2% | |
| SPR | D | 2.11% | |
| CHX | C | 1.8% | |
| RVNC | F | 1.42% |
MRGR Underweight 64 Positions Relative to SPTE
| Symbol | Grade | Weight | |
|---|---|---|---|
| TSM | C | -15.43% | |
| NVDA | A | -11.85% | |
| MSFT | D | -10.95% | |
| AAPL | C | -10.65% | |
| SAP | A | -4.67% | |
| AVGO | D | -3.22% | |
| SHOP | B | -2.47% | |
| UMC | F | -1.41% | |
| CRM | B | -1.37% | |
| ORCL | A | -1.21% | |
| ADBE | D | -1.0% | |
| CSCO | B | -0.98% | |
| ACN | B | -0.96% | |
| AMD | F | -0.96% | |
| NOW | B | -0.89% | |
| TXN | C | -0.79% | |
| QCOM | F | -0.77% | |
| AMAT | F | -0.66% | |
| PANW | A | -0.55% | |
| ERIC | B | -0.48% | |
| ADI | D | -0.47% | |
| MU | D | -0.47% | |
| NOK | D | -0.46% | |
| LRCX | F | -0.43% | |
| ANET | D | -0.41% | |
| KLAC | F | -0.38% | |
| APH | B | -0.37% | |
| MSI | A | -0.36% | |
| CDNS | B | -0.35% | |
| CRWD | B | -0.35% | |
| SNPS | C | -0.35% | |
| ADSK | A | -0.28% | |
| ROP | C | -0.27% | |
| NXPI | F | -0.26% | |
| FTNT | B | -0.26% | |
| XRX | F | -0.26% | |
| FICO | A | -0.23% | |
| LOGI | F | -0.22% | |
| CTSH | B | -0.19% | |
| IT | C | -0.18% | |
| GLW | B | -0.16% | |
| MCHP | F | -0.16% | |
| HPQ | B | -0.14% | |
| ON | F | -0.12% | |
| NTAP | C | -0.12% | |
| TYL | B | -0.11% | |
| MPWR | F | -0.11% | |
| PTC | B | -0.11% | |
| KEYS | A | -0.11% | |
| GDDY | A | -0.11% | |
| CDW | F | -0.1% | |
| TDY | B | -0.09% | |
| FSLR | F | -0.09% | |
| VRSN | D | -0.07% | |
| FFIV | A | -0.07% | |
| EPAM | C | -0.07% | |
| SWKS | F | -0.06% | |
| TER | F | -0.06% | |
| ZBRA | B | -0.06% | |
| AKAM | F | -0.06% | |
| JBL | C | -0.06% | |
| TRMB | B | -0.06% | |
| QRVO | F | -0.04% | |
| ENPH | F | -0.03% |
MRGR: Top Represented Industries & Keywords
SPTE: Top Represented Industries & Keywords
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