RNWZ vs. MRGR ETF Comparison
Comparison of TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) to ProShares Merger ETF (MRGR)
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF
RNWZ Description
The fund is an actively managed ETF that invests primarily in equity securities of domestic and foreign companies that primarily own or operate assets used in the development, generation, production, transmission, storage and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower, nuclear or geothermal power. The fund also may invest in American Depository Receipts ("ADRs") and Global Depository Receipts ("GDRs") of Renewable Energy Infrastructure Companies. It is non-diversified.
Grade (RS Rating)
Last Trade
$22.45
Average Daily Volume
556
8
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 | RNWZ | MRGR |
|---|---|---|
| 30 Days | -5.56% | 0.41% |
| 60 Days | -10.28% | 1.07% |
| 90 Days | -5.60% | 2.14% |
| 12 Months | 7.65% | 7.71% |
1 Overlapping Holdings
| Symbol | Grade | Weight in RNWZ | Weight in MRGR | Overlap | |
|---|---|---|---|---|---|
| ALE | A | 4.21% | 2.31% | 2.31% |
RNWZ 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% | |
| CDMO | B | -2.36% | |
| ANSS | B | -2.32% | |
| 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% |
RNWZ: Top Represented Industries & Keywords
MRGR: Top Represented Industries & Keywords
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