ARB vs. EVNT ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to AltShares Event-Driven ETF (EVNT)
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
$28.14
Average Daily Volume
9,547
44
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$10.76
Average Daily Volume
264
44
Performance
| Period | ARB | EVNT |
|---|---|---|
| 30 Days | 1.26% | 1.41% |
| 60 Days | 1.96% | 3.79% |
| 90 Days | 2.71% | 4.87% |
| 12 Months | 7.29% | 12.61% |
24 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in EVNT | Overlap | |
|---|---|---|---|---|---|
| ANSS | B | 2.57% | 2.82% | 2.57% | |
| AXNX | A | 1.81% | 2.98% | 1.81% | |
| CHUY | B | 1.13% | 0.96% | 0.96% | |
| CHX | D | 2.19% | 2.68% | 2.19% | |
| CTLT | D | 2.72% | 3.94% | 2.72% | |
| ENV | C | 2.17% | 1.51% | 1.51% | |
| EVRI | A | 2.13% | 0.7% | 0.7% | |
| GTHX | A | 1.72% | 0.77% | 0.77% | |
| HA | A | 2.02% | 3.73% | 2.02% | |
| HCP | A | 2.72% | 3.69% | 2.72% | |
| HES | C | 1.95% | 4.35% | 1.95% | |
| INST | C | 1.79% | 1.77% | 1.77% | |
| JNPR | B | 2.66% | 3.35% | 2.66% | |
| K | B | 2.67% | 1.74% | 1.74% | |
| MGRC | B | 1.07% | 2.56% | 1.07% | |
| MRO | C | 2.76% | 1.54% | 1.54% | |
| PETQ | A | 2.14% | 3.29% | 2.14% | |
| PRFT | A | 1.81% | 3.16% | 1.81% | |
| RCM | B | 2.73% | 1.19% | 1.19% | |
| SILK | A | 2.16% | 1.46% | 1.46% | |
| SRCL | A | 0.5% | 2.55% | 0.5% | |
| SRCL | A | 2.19% | 2.55% | 2.19% | |
| VZIO | B | 1.78% | 1.21% | 1.21% | |
| X | C | 1.85% | 1.88% | 1.85% |
ARB Overweight 20 Positions Relative to EVNT
ARB Underweight 21 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMED | C | -3.17% | |
| CCI | D | -1.78% | |
| EDR | C | -1.48% | |
| ESGR | B | -1.4% | |
| DIS | C | -1.07% | |
| SQSP | A | -0.98% | |
| CPRI | F | -0.92% | |
| AURA | B | -0.86% | |
| PVH | C | -0.85% | |
| PARA | C | -0.83% | |
| CZR | D | -0.81% | |
| PACB | D | -0.81% | |
| VFC | B | -0.78% | |
| WBD | C | -0.76% | |
| RIVN | F | -0.76% | |
| SNOW | C | -0.74% | |
| BE | D | -0.51% | |
| ACI | D | -0.42% | |
| CLSD | F | -0.33% | |
| WSC | C | --0.9% | |
| SNPS | B | --1.24% |
ARB: Top Represented Industries & Keywords
EVNT: Top Represented Industries & Keywords
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