RNSC vs. MRGR ETF Comparison

Comparison of First Trust Small Cap US Equity Select ETF (RNSC) to ProShares Merger ETF (MRGR)

RNSC

First Trust Small Cap US Equity Select ETF

RNSC Description

The Small Cap US Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Small Cap US Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$27.18

Average Daily Volume

11,816

Number of Holdings ^*

307

* 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

$40.38

Average Daily Volume

826

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RNSC	MRGR
30 Days	-3.13%	0.69%
60 Days	-2.47%	0.76%
90 Days	-3.09%	0.05%
12 Months	4.20%	7.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in RNSC	Weight in MRGR	Overlap
	HTLF	B	0.23%	2.56%	0.23%
	IBTX	B	0.18%	2.27%	0.18%

RNSC Overweight 305 Positions Relative to MRGR

Symbol	Grade	Weight
LMAT	A	3.52%
NHC	A	3.23%
PDCO	F	2.44%
CNMD	D	2.39%
PINC	F	2.36%
USPH	F	2.34%
CTS	D	1.37%
PRGS	B	1.29%
VSH	D	1.24%
CNXN	D	1.23%
YOU	B	1.13%
SSTK	F	1.06%
CSGS	F	1.01%
XRX	F	0.87%
TDS	B	0.63%
IDCC	A	0.54%
SHEN	C	0.46%
CEIX	B	0.42%
NSSC	B	0.42%
CABO	F	0.41%
PRDO	C	0.41%
CRK	D	0.41%
PRIM	D	0.39%
USLM	C	0.39%
KNTK	B	0.38%
WHD	C	0.38%
CAKE	C	0.38%
ABM	B	0.37%
B	B	0.37%
REVG	D	0.37%
CSWI	A	0.37%
MLKN	D	0.37%
BOWL	B	0.37%
AROC	B	0.37%
MWA	C	0.36%
LNN	D	0.36%
JWN	B	0.36%
BRC	B	0.36%
STRA	C	0.36%
INSW	C	0.36%
SHOO	C	0.35%
TRN	D	0.35%
EPAC	B	0.35%
CRC	C	0.35%
PHIN	D	0.35%
HLIO	D	0.35%
GVA	B	0.35%
APOG	D	0.35%
ARCH	C	0.34%
LEVI	D	0.34%
HNI	C	0.34%
SCS	C	0.34%
PRG	D	0.34%
SNDR	B	0.34%
AZZ	D	0.33%
POWL	D	0.33%
KFY	B	0.33%
ICFI	D	0.33%
DAN	F	0.33%
SAH	D	0.33%
HTLD	C	0.33%
PSMT	D	0.33%
CRS	B	0.33%
WINA	D	0.33%
LZB	C	0.33%
TGNA	D	0.32%
RRR	B	0.32%
AESI	C	0.32%
ESE	D	0.32%
SCHL	D	0.32%
MRTN	C	0.32%
HUBG	C	0.32%
UNF	B	0.32%
BDC	C	0.32%
TRS	D	0.31%
FL	D	0.31%
TNL	D	0.31%
TGLS	C	0.31%
BKE	D	0.31%
GBX	D	0.31%
GHC	D	0.31%
MCRI	D	0.31%
AIN	D	0.3%
CDRE	B	0.3%
WERN	F	0.3%
OXM	D	0.3%
JBT	F	0.3%
KMT	F	0.3%
GDEN	F	0.29%
KFRC	D	0.29%
CCS	D	0.29%
SXI	D	0.29%
GFF	D	0.29%
PATK	D	0.29%
DK	F	0.29%
RES	F	0.29%
MATW	F	0.28%
NPO	D	0.28%
GEF	F	0.28%
CAL	F	0.28%
LCII	F	0.28%
VAC	F	0.27%
EVTC	F	0.27%
KSS	F	0.27%
HWKN	B	0.26%
PTVE	F	0.26%
JACK	F	0.26%
WOR	F	0.26%
HI	F	0.26%
TNC	D	0.26%
SLVM	D	0.25%
WGO	F	0.25%
CMCO	F	0.25%
CRI	F	0.25%
SXT	C	0.24%
GIC	F	0.24%
NX	F	0.24%
STEP	B	0.24%
ARCB	D	0.24%
DNUT	F	0.24%
PZZA	F	0.24%
MTX	C	0.24%
ALG	F	0.24%
BLMN	F	0.23%
ALGT	F	0.23%
CWEN	D	0.23%
WNC	F	0.23%
CWT	C	0.22%
VCTR	D	0.22%
CWH	F	0.22%
GES	D	0.22%
HEES	F	0.22%
HL	C	0.22%
VSTS	F	0.21%
AWR	D	0.21%
CPK	C	0.21%
OEC	F	0.21%
MSEX	C	0.21%
FWRD	D	0.21%
VIRT	C	0.21%
CASH	B	0.21%
PIPR	A	0.21%
IOSP	D	0.21%
KALU	D	0.21%
PJT	A	0.21%
SJW	D	0.2%
TRMK	C	0.2%
FULT	D	0.2%
MGEE	D	0.2%
BGC	C	0.2%
CBRL	F	0.2%
NWN	F	0.2%
SMG	D	0.2%
NNI	C	0.2%
ABR	B	0.2%
WS	C	0.2%
SR	C	0.2%
PNM	D	0.2%
AVA	D	0.2%
NWE	D	0.2%
SCL	D	0.2%
CATY	D	0.19%
SRCE	B	0.19%
PEBO	D	0.19%
BANR	C	0.19%
IBOC	C	0.19%
CNO	B	0.19%
FBK	B	0.19%
SYBT	C	0.19%
OFG	B	0.19%
PRK	B	0.19%
VBTX	C	0.19%
CHCO	C	0.19%
LADR	A	0.19%
MCY	C	0.19%
STBA	B	0.19%
SASR	C	0.19%
WSFS	B	0.19%
BKU	C	0.19%
KW	C	0.19%
JJSF	B	0.19%
FBP	B	0.19%
LEG	F	0.19%
NBTB	B	0.19%
NBHC	B	0.19%
TCBK	C	0.19%
PPBI	F	0.18%
FHB	C	0.18%
PMT	C	0.18%
FHI	C	0.18%
EIG	C	0.18%
NIC	C	0.18%
PFS	D	0.18%
TPG	D	0.18%
AKR	A	0.18%
STC	D	0.18%
NSA	B	0.18%
ASB	D	0.18%
EPC	B	0.18%
LTC	A	0.18%
HASI	D	0.18%
WAFD	C	0.18%
UE	B	0.18%
RNST	B	0.18%
CBU	B	0.18%
GBDC	C	0.18%
WD	D	0.18%
CVBF	C	0.18%
IIPR	B	0.18%
UCBI	D	0.18%
MTRN	F	0.18%
TOWN	B	0.18%
EFSC	C	0.18%
PFBC	D	0.18%
DEA	B	0.18%
HTH	D	0.18%
NWBI	C	0.18%
WABC	D	0.18%
NHI	A	0.18%
BHLB	C	0.18%
FFBC	D	0.18%
BUSE	B	0.18%
FCF	B	0.18%
EXPI	F	0.18%
EBC	B	0.18%
FIBK	B	0.18%
BANF	D	0.18%
SITC	B	0.17%
HE	F	0.17%
APAM	D	0.17%
AAT	B	0.17%
ARI	D	0.17%
VRTS	D	0.17%
MPW	F	0.17%
HMN	D	0.17%
LKFN	D	0.17%
CODI	D	0.17%
LXP	B	0.17%
HOPE	C	0.17%
AUB	C	0.17%
FCPT	B	0.17%
AGM	B	0.17%
BNL	B	0.17%
WSBC	D	0.17%
SAFT	D	0.17%
SLG	B	0.17%
ENR	C	0.17%
ALEX	B	0.17%
SBCF	D	0.17%
BOH	F	0.17%
MBIN	C	0.17%
ALX	B	0.17%
INDB	D	0.17%
RC	C	0.17%
CTRE	A	0.17%
SBRA	A	0.17%
CALM	B	0.17%
FRME	D	0.17%
OCFC	B	0.17%
MMI	D	0.16%
CMTG	D	0.16%
UVV	D	0.16%
GNL	C	0.16%
SHO	C	0.16%
JOE	D	0.16%
XHR	D	0.16%
PLYM	B	0.16%
JBGS	B	0.16%
UMH	A	0.16%
VGR	C	0.16%
DEI	D	0.16%
FBNC	C	0.16%
IVT	C	0.16%
GTY	D	0.16%
SPB	D	0.16%
ROIC	C	0.16%
TR	C	0.16%
PGRE	C	0.16%
HIW	C	0.16%
SFNC	D	0.16%
WMK	D	0.16%
MGPI	F	0.15%
DRH	D	0.15%
ANDE	D	0.15%
PEB	D	0.15%
NTST	D	0.15%
KOP	F	0.15%
IMKTA	F	0.15%
ESRT	C	0.15%
KLG	F	0.15%
BANC	D	0.15%
LOB	F	0.15%
NAVI	F	0.15%
NMRK	C	0.15%
UTZ	D	0.15%
SKT	D	0.15%
RLJ	F	0.14%
OUT	C	0.14%
FDP	F	0.14%
PK	D	0.14%
HPP	D	0.13%
RYI	F	0.13%
DBRG	F	0.12%
SVC	F	0.12%
UNIT	D	0.08%

RNSC Underweight 30 Positions Relative to MRGR

Symbol	Grade	Weight
WRK	C	-3.22%
EVBG	B	-2.99%
ETRN	D	-2.86%
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%
CERE	C	-2.26%
HES	D	-2.17%
MGRC	D	-2.08%
CHX	C	-2.07%
HA	C	-2.07%
X	C	-1.82%