ARB vs. GURU ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Global X Top Guru Holdings Index ETF (GURU)

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

$27.79

Average Daily Volume

10,699

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GURU

Global X Top Guru Holdings Index ETF

GURU Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Top Guru Holdings Index ("underlying index"). The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs based on the securities in the underlying index. The underlying index is comprised of the top U.S. listed equity positions reported on Form 13F by a select group of entities that Structured Solutions AG (the "Index Provider") characterizes as hedge funds. The Adviser uses a "passive" or indexing approach to try to achieve the fund's investment objective. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.18

Average Daily Volume

1,375

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	GURU
30 Days	1.05%	7.63%
60 Days	2.03%	15.13%
90 Days	2.88%	10.41%
12 Months	5.90%	37.05%

4 Overlapping Holdings

Symbol	Grade	Weight in ARB	Weight in GURU	Overlap
CHK	C	-1.94%	1.66%	-1.94%
EDR	A	2.67%	1.53%	1.53%
HES	D	3.31%	1.44%	1.44%
X	F	1.89%	1.25%	1.25%

ARB Overweight 36 Positions Relative to GURU

Symbol	Grade	Weight
HCP	A	3.33%
ANSS	D	3.06%
HIBB	A	2.69%
PRFT	A	2.69%
CHX	C	2.56%
ETRN	D	2.51%
JNPR	C	2.31%
CTLT	A	2.24%
ALE	A	2.09%
AXNX	A	2.09%
VZIO	A	1.99%
CERE	A	1.88%
HTLF	B	1.88%
SWN	D	1.85%
AMK	B	1.83%
DFS	A	1.77%
CPRI	C	1.75%
AMED	D	1.45%
MGRC	D	1.36%
AGS	A	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	B	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%
CHRD	F	-2.18%
EQT	C	-2.53%

ARB Underweight 56 Positions Relative to GURU

Symbol	Grade	Weight
NUVL	B	-2.03%
BABA	A	-1.99%
CEG	A	-1.98%
DAL	C	-1.89%
ORCL	A	-1.81%
GWRE	A	-1.77%
CARR	A	-1.73%
GRBK	C	-1.72%
PTCT	C	-1.67%
EXPE	B	-1.66%
PWR	A	-1.63%
HD	A	-1.63%
CPNG	C	-1.63%
UTHR	C	-1.63%
RBLX	D	-1.61%
WELL	C	-1.61%
LAD	C	-1.61%
STX	C	-1.6%
FI	A	-1.59%
PCG	C	-1.59%
SHW	C	-1.58%
JHG	A	-1.57%
INCY	B	-1.57%
TPL	A	-1.57%
CMG	C	-1.56%
CRM	B	-1.55%
MA	A	-1.55%
THC	D	-1.55%
META	A	-1.55%
ABG	D	-1.55%
AMZN	C	-1.55%
LIN	C	-1.54%
SPGI	C	-1.53%
HWM	A	-1.53%
ASH	F	-1.52%
CYBR	C	-1.51%
MRVL	C	-1.51%
CSX	D	-1.51%
TSM	B	-1.5%
POST	C	-1.5%
MSFT	D	-1.49%
GOOGL	B	-1.49%
AAPL	C	-1.49%
UNH	B	-1.48%
PLD	D	-1.48%
PLNT	B	-1.48%
K	B	-1.48%
CAR	D	-1.47%
NVDA	B	-1.45%
GDDY	B	-1.41%
FOLD	F	-1.38%
HTZ	F	-1.37%
ACI	F	-1.33%
SNOW	F	-1.32%
MDGL	F	-1.28%
ESTC	F	-1.04%