ARB vs. CLOU ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Global X Cloud Computing ETF (CLOU)

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

$27.01

Average Daily Volume

14,985

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CLOU

Global X Cloud Computing ETF

CLOU Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Cloud Computing Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of cloud computing technology. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.84

Average Daily Volume

185,150

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	CLOU
30 Days	0.27%	1.28%
60 Days	0.81%	-2.98%
90 Days	-0.25%	-7.07%
12 Months	5.84%	2.16%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in CLOU	Overlap
	EVBG	B	2.08%	1.81%	1.81%

ARB Overweight 28 Positions Relative to CLOU

Symbol	Grade	Weight
PXD	B	3.66%
HES	D	3.57%
CTLT	B	3.52%
ANSS	C	3.4%
MDC	A	2.74%
AXNX	B	2.74%
DOOR	A	2.7%
JNPR	B	2.68%
CERE	C	2.64%
VZIO	B	2.0%
KAMN	A	1.96%
DFS	B	1.89%
CPRI	D	1.88%
SWN	D	1.86%
X	C	1.82%
HAYN	C	1.39%
AMED	A	1.36%
OLK	A	1.31%
HA	C	1.29%
MGRC	D	1.01%
WRK	C	0.99%
EGLE	B	0.73%
NWLI	A	0.66%
CNSL	B	0.65%
TGAN	B	0.52%
ONB	B	-0.13%
CHRD	C	-1.89%
COF	D	-2.2%

ARB Underweight 33 Positions Relative to CLOU

Symbol	Grade	Weight
WIX	C	-5.5%
ZS	B	-4.43%
DLR	B	-4.39%
SPSC	B	-4.27%
AI	B	-4.26%
BOX	D	-4.14%
DBX	D	-3.93%
DOCN	C	-3.88%
ZM	F	-3.85%
PCOR	C	-3.85%
CRM	C	-3.84%
SHOP	C	-3.81%
WK	F	-3.8%
TWLO	D	-3.76%
AKAM	F	-3.73%
WDAY	D	-3.68%
QLYS	D	-3.54%
PAYC	F	-3.52%
SNOW	D	-3.51%
FRSH	D	-3.51%
FIVN	D	-3.15%
MSFT	A	-2.35%
AMZN	A	-2.21%
GOOGL	A	-1.88%
FSLY	F	-1.28%
HSTM	C	-1.06%
PUBM	D	-1.02%
YEXT	F	-0.82%
VMEO	F	-0.75%
VNET	C	-0.66%
BABA	D	-0.32%
IBM	B	-0.32%
KC	F	-0.23%