ARB vs. BIS ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to ProShares UltraShort Nasdaq Biotechnology (BIS)
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
$27.33
Average Daily Volume
12,282
Number of Holdings
*
48
* may have additional holdings in another (foreign) market
BIS
ProShares UltraShort Nasdaq Biotechnology
BIS Description
The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. It is non-diversified.Grade (RS Rating)
Last Trade
$14.91
Average Daily Volume
7,632
Number of Holdings
*
74
* may have additional holdings in another (foreign) market
Performance
| Period | ARB | BIS |
|---|---|---|
| 30 Days | 1.46% | -12.19% |
| 60 Days | 1.70% | -16.05% |
| 90 Days | 2.14% | -16.29% |
| 12 Months | 6.54% | -26.76% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in BIS | Overlap | |
|---|---|---|---|---|---|
| DCPH | A | 3.21% | 0.43% | 0.43% |
ARB Overweight 47 Positions Relative to BIS
| Symbol | Grade | Weight | |
|---|---|---|---|
| AIRC | A | 3.34% | |
| HCP | A | 3.33% | |
| SWAV | A | 3.31% | |
| HES | D | 3.31% | |
| ANSS | F | 3.06% | |
| WIRE | A | 2.76% | |
| HIBB | A | 2.69% | |
| PRFT | A | 2.69% | |
| EDR | A | 2.67% | |
| CHX | C | 2.56% | |
| ETRN | D | 2.51% | |
| JNPR | A | 2.31% | |
| CTLT | A | 2.24% | |
| ALE | A | 2.09% | |
| AXNX | A | 2.09% | |
| VZIO | B | 1.99% | |
| EVBG | B | 1.98% | |
| X | B | 1.89% | |
| CERE | A | 1.88% | |
| HTLF | C | 1.88% | |
| SWN | F | 1.85% | |
| AMK | B | 1.83% | |
| DFS | C | 1.77% | |
| CPRI | D | 1.75% | |
| MODN | B | 1.51% | |
| AMED | A | 1.45% | |
| MGRC | D | 1.36% | |
| AGS | D | 1.32% | |
| HAYN | A | 1.31% | |
| NWLI | A | 1.28% | |
| HA | D | 1.23% | |
| WRK | C | 0.94% | |
| SBOW | D | 0.82% | |
| OSG | A | 0.67% | |
| IBTX | C | 0.67% | |
| OLK | A | 0.62% | |
| SNPO | B | 0.6% | |
| SRCL | A | 0.6% | |
| CNSL | A | 0.57% | |
| TGAN | B | 0.28% | |
| CRGY | D | -0.49% | |
| UMBF | B | -0.59% | |
| SSB | B | -0.68% | |
| SNPS | F | -1.86% | |
| CHK | F | -1.94% | |
| CHRD | D | -2.18% | |
| EQT | F | -2.53% |
ARB Underweight 73 Positions Relative to BIS
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | B | -8.14% | |
| GILD | B | -7.41% | |
| VRTX | A | -7.21% | |
| BIIB | F | -6.12% | |
| ILMN | B | -5.67% | |
| REGN | A | -4.13% | |
| INCY | C | -2.09% | |
| BMRN | C | -1.91% | |
| ALNY | A | -1.6% | |
| VTRS | B | -1.35% | |
| SNY | B | -1.29% | |
| NBIX | A | -1.16% | |
| SRPT | C | -1.15% | |
| NVCR | B | -1.1% | |
| JAZZ | C | -1.03% | |
| TECH | B | -1.02% | |
| IONS | B | -1.02% | |
| GH | B | -0.96% | |
| AMRN | F | -0.85% | |
| MRNA | F | -0.83% | |
| BGNE | C | -0.83% | |
| ACAD | C | -0.81% | |
| ASND | B | -0.77% | |
| EXEL | A | -0.73% | |
| ARWR | D | -0.65% | |
| BLUE | D | -0.65% | |
| BBIO | F | -0.51% | |
| ALLK | F | -0.49% | |
| UTHR | B | -0.49% | |
| NKTR | D | -0.48% | |
| SAGE | F | -0.48% | |
| BPMC | C | -0.48% | |
| FGEN | F | -0.47% | |
| AGIO | C | -0.43% | |
| CRSP | F | -0.42% | |
| RARE | C | -0.42% | |
| ADPT | B | -0.42% | |
| MEDP | D | -0.4% | |
| PTCT | D | -0.4% | |
| ARGX | A | -0.4% | |
| AXSM | B | -0.38% | |
| ALLO | D | -0.37% | |
| GRFS | D | -0.36% | |
| IOVA | D | -0.36% | |
| ALKS | B | -0.36% | |
| KOD | D | -0.35% | |
| HALO | B | -0.35% | |
| QURE | C | -0.35% | |
| FOLD | C | -0.32% | |
| APLS | F | -0.31% | |
| XNCR | F | -0.26% | |
| MYGN | B | -0.26% | |
| DNLI | C | -0.26% | |
| ZLAB | D | -0.24% | |
| IRWD | D | -0.24% | |
| ARVN | D | -0.24% | |
| INSM | B | -0.23% | |
| FATE | C | -0.23% | |
| PCRX | F | -0.22% | |
| GLPG | D | -0.22% | |
| ITCI | B | -0.21% | |
| RGNX | D | -0.21% | |
| ESPR | D | -0.19% | |
| EDIT | D | -0.19% | |
| LGND | B | -0.19% | |
| INVA | A | -0.18% | |
| VCYT | C | -0.18% | |
| ALEC | D | -0.18% | |
| TBPH | C | -0.17% | |
| YMAB | D | -0.16% | |
| CHRS | F | -0.16% | |
| HCM | C | -0.15% | |
| SUPN | C | -0.15% |
ARB: Top Represented Industries & Keywords
Industries:
Oil & Gas E&P
Banks - Regional - US
Software - Application
Biotechnology
Medical Devices
Airlines
Apparel Manufacturing
Asset Management
Communication Equipment
Consumer Electronics
Credit Services
Diagnostics & Research
Drug Manufacturers - Specialty & Generic
Electronic Components
Electronics & Computer Distribution
Entertainment
Gambling
Information Technology Services
Insurance - Life
Medical Care
BIS: Top Represented Industries & Keywords
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