PID vs. MRGR ETF Comparison
Comparison of PowerShares Intl Dividend Achievers (PID) to ProShares Merger ETF (MRGR)
PID
PowerShares Intl Dividend Achievers
PID Description
The PowerShares International Dividend Achievers™ Portfolio (Fund) is based on the NASDAQ International Dividend AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers™. These companies have increased their annual dividend for five or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from International Dividend Achievers Index to NASDAQ International Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.
Grade (RS Rating)
Last Trade
$18.16
Average Daily Volume
121,336
24
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
Performance
| Period | PID | MRGR |
|---|---|---|
| 30 Days | -0.47% | 0.69% |
| 60 Days | 0.22% | 0.76% |
| 90 Days | 0.75% | 0.05% |
| 12 Months | 6.35% | 7.06% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PID | Weight in MRGR | Overlap |
|---|
PID Overweight 24 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| BTI | A | 4.14% | |
| AY | B | 4.06% | |
| NGG | D | 3.98% | |
| PHI | C | 3.89% | |
| TD | F | 3.69% | |
| SNY | B | 2.92% | |
| NVS | A | 2.68% | |
| INFY | B | 2.62% | |
| OTEX | C | 2.5% | |
| DEO | F | 2.0% | |
| SMFG | A | 1.93% | |
| KOF | D | 1.76% | |
| GFI | C | 1.74% | |
| PSO | B | 1.73% | |
| MUFG | A | 1.65% | |
| DOX | D | 1.6% | |
| RELX | A | 1.26% | |
| CNI | D | 1.24% | |
| RBA | B | 1.13% | |
| SAP | A | 1.03% | |
| WTW | B | 0.99% | |
| LOGI | C | 0.8% | |
| NVO | B | 0.77% | |
| WCN | B | 0.52% |
PID Underweight 32 Positions Relative to MRGR
| 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% | |
| SLCA | B | -2.37% | |
| 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% |
PID: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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