MUSQ vs. MRGR ETF Comparison
Comparison of MUSQ Global Music Industry ETF (MUSQ) to ProShares Merger ETF (MRGR)
MUSQ
MUSQ Global Music Industry ETF
MUSQ Description
The index is comprised of publicly-traded global companies that generate at least 50% of their annual revenue or $1 billion in annual sales from one or more of the sub-segments of the global music industry. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Global Music Investments. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$23.99
Average Daily Volume
1,596
Number of Holdings
*
15
* may have additional holdings in another (foreign) market
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
Number of Holdings
*
29
* may have additional holdings in another (foreign) market
Performance
Period | MUSQ | MRGR |
---|---|---|
30 Days | 1.59% | 0.41% |
60 Days | 6.19% | 1.07% |
90 Days | 1.42% | 2.14% |
12 Months | -0.05% | 7.71% |
1 Overlapping Holdings
Symbol | Grade | Weight in MUSQ | Weight in MRGR | Overlap | |
---|---|---|---|---|---|
EDR | A | 3.1% | 2.53% | 2.53% |
MUSQ Underweight 28 Positions Relative to MRGR
Symbol | Grade | Weight | |
---|---|---|---|
HTLF | B | -3.58% | |
DFS | B | -3.14% | |
IBTX | B | -3.02% | |
SASR | B | -2.81% | |
INFN | C | -2.5% | |
LBPH | A | -2.43% | |
EVRI | A | -2.42% | |
NAPA | B | -2.42% | |
B | B | -2.41% | |
SMAR | A | -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% |
MUSQ: Top Represented Industries & Keywords
Industries:
Entertainment
Consumer Electronics
Internet Content & Information
Broadcasting - Radio
Media - Diversified
Specialty Retail
Keywords:
Operating System
S&P 500
Advertising Services
Consumer Electronics
Nasdaq 100
Audio Systems
Computing
Dow Jones Component
Entertainment
Entertainment Services
Hyperscale
Information And Communications Technology
Laptop Computer
Mobile Devices
Music
Online Retail
Playlist
Record Labels
Smart Speakers
Smartphones
MRGR: Top Represented Industries & Keywords
Industries:
Banks - Regional - US
Biotechnology
Software - Infrastructure
Communication Equipment
Software - Application
Aerospace & Defense
Airports & Air Services
Beverages - Wineries & Distilleries
Capital Markets
Credit Services
Diversified Industrials
Drug Manufacturers - Specialty & Generic
Entertainment
Gambling
Health Information Services
Oil & Gas E&P
Oil & Gas Equipment & Services
Packaged Foods
Pay TV
REIT - Retail
Keywords:
S&P 500
Bank
Biopharmaceutical
Computing
Deposit Products
Banking
Investment Management
Aerospace
Biotechnology
Business Process Management
Business Software
Commercial Bank
Commercial Banking
Computer Networking
Credit Card
Debit Card
Demand Deposit
Electronics
Embedded Software
Information Technology Management