ARB vs. JCPB ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to JPMorgan Core Plus Bond ETF (JCPB)
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
$27.87
Average Daily Volume
9,714
45
JCPB
JPMorgan Core Plus Bond ETF
JCPB Description
The investment seeks a high level of current income by investing primarily in a diversified portfolio of high-, medium- and low-grade debt securities. As a matter of non-fundamental policy, the fund will ordinarily invest at least 80% of its assets in bonds. The fund's average weighted maturity will ordinarily range between five and twenty years. The balance of the fund's assets are not required to meet any minimum quality rating although the fund will not, under normal circumstances, invest more than 35% of its assets in below investment grade securities (or the unrated equivalent).Grade (RS Rating)
Last Trade
$48.37
Average Daily Volume
524,794
1
Performance
| Period | ARB | JCPB |
|---|---|---|
| 30 Days | 1.16% | 1.49% |
| 60 Days | 2.40% | 4.44% |
| 90 Days | 3.93% | 5.19% |
| 12 Months | 6.62% | 12.35% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in JCPB | Overlap | |
|---|---|---|---|---|---|
| CHK | D | -1.94% | 0.0% | -1.94% |
ARB Overweight 44 Positions Relative to JCPB
| Symbol | Grade | Weight | |
|---|---|---|---|
| AIRC | A | 3.34% | |
| HCP | B | 3.33% | |
| HES | F | 3.31% | |
| ANSS | D | 3.06% | |
| WIRE | A | 2.76% | |
| HIBB | A | 2.69% | |
| PRFT | B | 2.69% | |
| EDR | A | 2.67% | |
| CHX | F | 2.56% | |
| ETRN | D | 2.51% | |
| JNPR | B | 2.31% | |
| CTLT | B | 2.24% | |
| ALE | B | 2.09% | |
| AXNX | B | 2.09% | |
| VZIO | B | 1.99% | |
| EVBG | B | 1.98% | |
| X | F | 1.89% | |
| CERE | A | 1.88% | |
| HTLF | B | 1.88% | |
| SWN | D | 1.85% | |
| AMK | B | 1.83% | |
| DFS | C | 1.77% | |
| CPRI | D | 1.75% | |
| MODN | B | 1.51% | |
| AMED | C | 1.45% | |
| MGRC | F | 1.36% | |
| AGS | D | 1.32% | |
| HAYN | D | 1.31% | |
| NWLI | A | 1.28% | |
| HA | A | 1.23% | |
| WRK | C | 0.94% | |
| SBOW | D | 0.82% | |
| OSG | A | 0.67% | |
| IBTX | B | 0.67% | |
| OLK | A | 0.62% | |
| SRCL | A | 0.6% | |
| CNSL | B | 0.57% | |
| TGAN | B | 0.28% | |
| CRGY | D | -0.49% | |
| UMBF | B | -0.59% | |
| SSB | B | -0.68% | |
| SNPS | F | -1.86% | |
| CHRD | F | -2.18% | |
| EQT | D | -2.53% |
ARB Underweight 0 Positions Relative to JCPB
| Symbol | Grade | Weight |
|---|
ARB: Top Represented Industries & Keywords
JCPB: Top Represented Industries & Keywords
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