PTH vs. MRGR ETF Comparison
Comparison of Invesco DWA Healthcare Momentum ETF (PTH) to ProShares Merger ETF (MRGR)
PTH
Invesco DWA Healthcare Momentum ETF
PTH Description
The PowerShares Dynamic Healthcare Sector Portfolio (Fund) is based on the Dynamic Healthcare Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US health care companies. These are companies that are principally engaged in the business of providing health care-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$45.69
Average Daily Volume
8,267
53
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
Performance
| Period | PTH | MRGR |
|---|---|---|
| 30 Days | -0.26% | 0.41% |
| 60 Days | -2.31% | 1.07% |
| 90 Days | -4.10% | 2.14% |
| 12 Months | 38.20% | 7.71% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PTH | Weight in MRGR | Overlap | |
|---|---|---|---|---|---|
| CDMO | B | 0.8% | 2.36% | 0.8% |
PTH Overweight 52 Positions Relative to MRGR
| Symbol | Grade | Weight | |
|---|---|---|---|
| LLY | F | 4.11% | |
| THC | D | 3.88% | |
| NTRA | B | 3.81% | |
| INSM | C | 3.81% | |
| PCVX | D | 3.64% | |
| SAVA | D | 3.28% | |
| HCA | F | 2.98% | |
| ISRG | A | 2.84% | |
| ADMA | B | 2.8% | |
| COR | B | 2.5% | |
| DVA | B | 2.47% | |
| CPRX | C | 2.43% | |
| ABBV | D | 2.4% | |
| UHS | D | 2.24% | |
| RDNT | B | 2.23% | |
| ENSG | D | 2.09% | |
| NRIX | D | 2.08% | |
| TGTX | B | 2.05% | |
| KRYS | B | 2.02% | |
| GKOS | B | 1.91% | |
| HROW | D | 1.88% | |
| REGN | F | 1.88% | |
| OSCR | D | 1.78% | |
| CORT | B | 1.76% | |
| NUVL | D | 1.73% | |
| MMSI | B | 1.69% | |
| CRNX | C | 1.68% | |
| PRCT | B | 1.66% | |
| KYMR | D | 1.63% | |
| RVMD | C | 1.55% | |
| AGIO | C | 1.43% | |
| PTGX | C | 1.29% | |
| CRVL | A | 1.2% | |
| TVTX | B | 1.11% | |
| AMRX | C | 1.1% | |
| LMAT | A | 1.08% | |
| SPRY | D | 1.05% | |
| OCUL | D | 1.0% | |
| DNLI | D | 0.97% | |
| UFPT | B | 0.95% | |
| TNDM | F | 0.91% | |
| ALHC | C | 0.86% | |
| AKRO | B | 0.8% | |
| COGT | D | 0.75% | |
| REPL | B | 0.74% | |
| MNKD | C | 0.73% | |
| EOLS | D | 0.72% | |
| BLFS | C | 0.66% | |
| ASTH | D | 0.52% | |
| CYH | F | 0.51% | |
| PHAT | F | 0.48% | |
| ANAB | F | 0.43% |
PTH 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% | |
| EDR | A | -2.53% | |
| 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% | |
| 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% |
PTH: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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