AIRR vs. ARB ETF Comparison
Comparison of First Trust RBA American Industrial Renaissance ETF (AIRR) to AltShares Merger Arbitrage ETF (ARB)
AIRR
First Trust RBA American Industrial Renaissance ETF
AIRR Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance Index (the "index"). The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. It is non-diversified.
Grade (RS Rating)
Last Trade
$74.05
Average Daily Volume
223,736
57
ARB
AltShares Merger Arbitrage ETF
ARB Description
AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$27.76
Average Daily Volume
10,048
42
Performance
| Period | AIRR | ARB |
|---|---|---|
| 30 Days | 1.27% | 0.52% |
| 60 Days | 7.77% | 1.41% |
| 90 Days | 9.23% | 2.83% |
| 12 Months | 49.20% | 5.92% |
0 Overlapping Holdings
| Symbol | Grade | Weight in AIRR | Weight in ARB | Overlap |
|---|
AIRR Overweight 57 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| GVA | A | 3.57% | |
| MLI | C | 3.34% | |
| EME | C | 3.29% | |
| HUBB | A | 3.27% | |
| PRIM | C | 3.22% | |
| AIT | B | 3.15% | |
| MDU | C | 3.14% | |
| BWXT | A | 3.09% | |
| CLH | C | 3.08% | |
| MSM | D | 3.07% | |
| RBC | C | 2.95% | |
| HII | F | 2.92% | |
| KEX | C | 2.84% | |
| FSS | B | 2.75% | |
| WMS | D | 2.63% | |
| HRI | C | 2.38% | |
| CNM | F | 2.37% | |
| MWA | A | 2.29% | |
| FIX | A | 2.16% | |
| ROAD | C | 2.03% | |
| ACA | C | 2.02% | |
| DY | C | 2.01% | |
| GBX | C | 1.9% | |
| AAON | A | 1.89% | |
| FNB | D | 1.59% | |
| VSEC | D | 1.57% | |
| MTZ | B | 1.5% | |
| MRCY | B | 1.41% | |
| DNOW | F | 1.4% | |
| WNC | F | 1.32% | |
| STRL | B | 1.23% | |
| WTFC | D | 1.23% | |
| HEES | D | 1.22% | |
| ATKR | F | 1.15% | |
| DXPE | C | 1.08% | |
| ASB | F | 1.02% | |
| ONB | D | 0.99% | |
| FRME | D | 0.93% | |
| FFBC | D | 0.93% | |
| MRC | D | 0.9% | |
| POWL | A | 0.83% | |
| TPC | A | 0.82% | |
| PRK | D | 0.82% | |
| FULT | D | 0.8% | |
| LMB | B | 0.69% | |
| FCF | D | 0.68% | |
| TGI | F | 0.65% | |
| PLOW | C | 0.61% | |
| AMRC | C | 0.58% | |
| BLBD | D | 0.58% | |
| PRLB | F | 0.57% | |
| SHYF | D | 0.54% | |
| ASTE | F | 0.53% | |
| ANET | A | 0.5% | |
| IIIN | F | 0.5% | |
| TRNS | D | 0.49% | |
| LKFN | F | 0.49% |
AIRR Underweight 42 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| HCP | B | -3.33% | |
| HES | D | -3.31% | |
| ANSS | D | -3.06% | |
| WIRE | A | -2.76% | |
| HIBB | A | -2.69% | |
| PRFT | A | -2.69% | |
| EDR | A | -2.67% | |
| CHX | D | -2.56% | |
| ETRN | D | -2.51% | |
| JNPR | B | -2.31% | |
| CTLT | A | -2.24% | |
| ALE | A | -2.09% | |
| AXNX | A | -2.09% | |
| VZIO | A | -1.99% | |
| EVBG | B | -1.98% | |
| X | F | -1.89% | |
| CERE | A | -1.88% | |
| HTLF | C | -1.88% | |
| SWN | D | -1.85% | |
| AMK | B | -1.83% | |
| DFS | C | -1.77% | |
| CPRI | B | -1.75% | |
| AMED | D | -1.45% | |
| MGRC | D | -1.36% | |
| AGS | B | -1.32% | |
| HAYN | B | -1.31% | |
| NWLI | A | -1.28% | |
| HA | B | -1.23% | |
| WRK | C | -0.94% | |
| SBOW | D | -0.82% | |
| OSG | A | -0.67% | |
| IBTX | D | -0.67% | |
| OLK | A | -0.62% | |
| SRCL | B | -0.6% | |
| CNSL | A | -0.57% | |
| CRGY | B | --0.49% | |
| UMBF | C | --0.59% | |
| SSB | C | --0.68% | |
| SNPS | F | --1.86% | |
| CHK | D | --1.94% | |
| CHRD | F | --2.18% | |
| EQT | B | --2.53% |
AIRR: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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