MRGR vs. WFH ETF Comparison
Comparison of ProShares Merger ETF (MRGR) to Direxion Work From Home ETF (WFH)
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
$42.22
Average Daily Volume
811
29
WFH
Direxion Work From Home ETF
WFH Description
The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.Grade (RS Rating)
Last Trade
$64.80
Average Daily Volume
998
40
Performance
| Period | MRGR | WFH |
|---|---|---|
| 30 Days | 0.41% | 9.46% |
| 60 Days | 1.07% | 12.26% |
| 90 Days | 2.14% | 13.87% |
| 12 Months | 7.71% | 30.33% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MRGR | Weight in WFH | Overlap | |
|---|---|---|---|---|---|
| SMAR | A | 2.41% | 2.54% | 2.41% |
MRGR Overweight 28 Positions Relative to WFH
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | B | 3.58% | |
| DFS | B | 3.14% | |
| IBTX | B | 3.02% | |
| SASR | B | 2.81% | |
| EDR | A | 2.53% | |
| INFN | C | 2.5% | |
| LBPH | A | 2.43% | |
| EVRI | A | 2.42% | |
| NAPA | B | 2.42% | |
| B | B | 2.41% | |
| ROIC | A | 2.41% | |
| ALTR | B | 2.4% | |
| ATSG | B | 2.4% | |
| ZUO | B | 2.39% | |
| K | A | 2.37% | |
| RCM | F | 2.37% | |
| ENV | B | 2.37% | |
| CDMO | B | 2.36% | |
| ANSS | B | 2.32% | |
| ALE | A | 2.31% | |
| HCP | B | 2.3% | |
| MRO | B | 2.28% | |
| LBRDK | C | 2.25% | |
| CTLT | B | 2.2% | |
| JNPR | F | 2.14% | |
| SPR | D | 2.11% | |
| CHX | C | 1.8% | |
| RVNC | F | 1.42% |
MRGR Underweight 39 Positions Relative to WFH
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | A | -3.32% | |
| HUBS | A | -3.04% | |
| DOCU | A | -3.02% | |
| CRM | B | -2.89% | |
| ZS | C | -2.86% | |
| CRWD | B | -2.86% | |
| ORCL | B | -2.86% | |
| PEGA | A | -2.81% | |
| ATUS | C | -2.76% | |
| MRVL | B | -2.76% | |
| RNG | B | -2.72% | |
| NOW | A | -2.68% | |
| FTNT | C | -2.65% | |
| AMZN | C | -2.63% | |
| DDOG | A | -2.61% | |
| ZM | B | -2.61% | |
| S | B | -2.55% | |
| NET | B | -2.54% | |
| CSCO | B | -2.51% | |
| PANW | C | -2.46% | |
| META | D | -2.43% | |
| GOOGL | C | -2.42% | |
| AVGO | D | -2.38% | |
| MOMO | D | -2.34% | |
| CYBR | B | -2.34% | |
| NTCT | C | -2.32% | |
| DOCN | D | -2.3% | |
| YY | C | -2.29% | |
| WDAY | B | -2.26% | |
| BOX | B | -2.25% | |
| MSFT | F | -2.25% | |
| IBM | C | -2.21% | |
| OKTA | C | -2.2% | |
| SNX | C | -2.16% | |
| NTAP | C | -2.14% | |
| VZ | C | -2.12% | |
| VRNS | D | -2.04% | |
| ADBE | C | -1.98% | |
| XRX | F | -1.66% |
MRGR: Top Represented Industries & Keywords
WFH: Top Represented Industries & Keywords
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