ARB vs. PSCF ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to PowerShares S&P SmallCap Financials Portfolio (PSCF)
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
$27.77
Average Daily Volume
9,771
Number of Holdings
*
45
* may have additional holdings in another (foreign) market
PSCF
PowerShares S&P SmallCap Financials Portfolio
PSCF Description
The PowerShares S&P SmallCap Financials Portfolio (Fund) is based on the S&P SmallCap 600® Capped Financials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US financial services companies. These companies are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Index is a subset of the S&P SmallCap 600® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$55.91
Average Daily Volume
2,839
Number of Holdings
*
157
* may have additional holdings in another (foreign) market
Performance
| Period | ARB | PSCF |
|---|---|---|
| 30 Days | 1.05% | 4.36% |
| 60 Days | 2.03% | 5.54% |
| 90 Days | 3.67% | 20.08% |
| 12 Months | 6.05% | 32.13% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in PSCF | Overlap | |
|---|---|---|---|---|---|
| IBTX | B | 0.67% | 0.58% | 0.58% |
ARB Overweight 44 Positions Relative to PSCF
| Symbol | Grade | Weight | |
|---|---|---|---|
| AIRC | A | 3.34% | |
| HCP | A | 3.33% | |
| 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 | D | 2.56% | |
| ETRN | D | 2.51% | |
| JNPR | A | 2.31% | |
| CTLT | B | 2.24% | |
| ALE | A | 2.09% | |
| AXNX | B | 2.09% | |
| VZIO | A | 1.99% | |
| EVBG | B | 1.98% | |
| X | D | 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% | |
| OLK | A | 0.62% | |
| 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 | D | -1.86% | |
| CHK | D | -1.94% | |
| CHRD | F | -2.18% | |
| EQT | D | -2.53% |
ARB Underweight 156 Positions Relative to PSCF
| Symbol | Grade | Weight | |
|---|---|---|---|
| CMA | B | -2.2% | |
| COOP | B | -1.7% | |
| EPRT | A | -1.66% | |
| JXN | B | -1.63% | |
| RDN | B | -1.51% | |
| LNC | D | -1.46% | |
| PECO | B | -1.37% | |
| MC | B | -1.32% | |
| SLG | B | -1.3% | |
| CTRE | B | -1.28% | |
| PIPR | B | -1.19% | |
| AGO | C | -1.17% | |
| HASI | B | -1.15% | |
| ABCB | B | -1.12% | |
| SFBS | B | -1.1% | |
| IIPR | B | -1.05% | |
| BGC | B | -1.04% | |
| WD | B | -1.03% | |
| MAC | B | -1.02% | |
| SKT | B | -1.01% | |
| HIW | B | -1.0% | |
| UCBI | B | -0.99% | |
| MPW | C | -0.98% | |
| AUB | C | -0.97% | |
| FBP | C | -0.96% | |
| BXMT | C | -0.95% | |
| FULT | C | -0.93% | |
| APLE | D | -0.93% | |
| NMIH | B | -0.93% | |
| AX | D | -0.91% | |
| WSFS | C | -0.89% | |
| CATY | B | -0.88% | |
| CBU | C | -0.87% | |
| FHB | C | -0.85% | |
| LXP | B | -0.85% | |
| GNW | B | -0.84% | |
| APAM | C | -0.83% | |
| VIRT | B | -0.81% | |
| DEI | B | -0.8% | |
| FCPT | A | -0.8% | |
| STEP | B | -0.79% | |
| ABR | B | -0.77% | |
| PJT | B | -0.77% | |
| BKU | C | -0.76% | |
| SFNC | B | -0.75% | |
| CWK | B | -0.74% | |
| UE | B | -0.74% | |
| BOH | C | -0.73% | |
| INDB | C | -0.73% | |
| TBBK | B | -0.72% | |
| OUT | B | -0.72% | |
| PRK | C | -0.7% | |
| FFBC | C | -0.69% | |
| CNS | B | -0.69% | |
| WAFD | B | -0.69% | |
| AKR | C | -0.69% | |
| PLMR | B | -0.68% | |
| PFS | B | -0.68% | |
| PPBI | D | -0.66% | |
| CVBF | C | -0.66% | |
| SBCF | C | -0.65% | |
| GSHD | B | -0.63% | |
| SNEX | C | -0.62% | |
| EVTC | D | -0.62% | |
| NBTB | D | -0.61% | |
| ENVA | C | -0.61% | |
| SHO | D | -0.6% | |
| JOE | C | -0.6% | |
| OFG | C | -0.59% | |
| ROIC | B | -0.58% | |
| RNST | D | -0.58% | |
| PRG | B | -0.57% | |
| STC | B | -0.57% | |
| TRMK | C | -0.56% | |
| BANC | B | -0.56% | |
| BANR | B | -0.56% | |
| NATL | D | -0.54% | |
| DRH | C | -0.52% | |
| GNL | B | -0.5% | |
| DFIN | B | -0.49% | |
| FCF | C | -0.49% | |
| CHCO | B | -0.49% | |
| FBNC | B | -0.49% | |
| CASH | B | -0.48% | |
| NWBI | C | -0.48% | |
| TRUP | C | -0.47% | |
| LTC | B | -0.47% | |
| LKFN | C | -0.47% | |
| STBA | B | -0.46% | |
| FBK | B | -0.46% | |
| NBHC | C | -0.45% | |
| MCY | C | -0.45% | |
| PEB | D | -0.45% | |
| GTY | B | -0.45% | |
| BANF | B | -0.44% | |
| JBGS | B | -0.43% | |
| ALEX | B | -0.42% | |
| HOPE | B | -0.42% | |
| HTH | C | -0.42% | |
| DEA | B | -0.41% | |
| CUBI | F | -0.4% | |
| XHR | C | -0.4% | |
| HMN | C | -0.4% | |
| VRTS | D | -0.39% | |
| WABC | D | -0.38% | |
| VBTX | B | -0.38% | |
| UNIT | C | -0.37% | |
| KW | C | -0.37% | |
| AAT | B | -0.37% | |
| SPNT | C | -0.37% | |
| ARI | F | -0.36% | |
| NAVI | C | -0.36% | |
| EIG | B | -0.35% | |
| PMT | B | -0.35% | |
| SAFT | C | -0.35% | |
| RC | D | -0.34% | |
| EFC | B | -0.33% | |
| ECPG | C | -0.32% | |
| CSR | B | -0.32% | |
| BHLB | C | -0.32% | |
| EXPI | C | -0.3% | |
| RWT | B | -0.3% | |
| NXRT | B | -0.3% | |
| PFBC | C | -0.28% | |
| AMSF | C | -0.27% | |
| MMI | C | -0.27% | |
| SBSI | B | -0.27% | |
| BDN | B | -0.26% | |
| DCOM | B | -0.25% | |
| BRKL | C | -0.25% | |
| AHH | B | -0.23% | |
| PRAA | D | -0.23% | |
| HFWA | C | -0.22% | |
| SVC | F | -0.22% | |
| CFFN | C | -0.21% | |
| KREF | B | -0.21% | |
| CPF | B | -0.21% | |
| HCI | C | -0.21% | |
| INN | C | -0.2% | |
| TMP | C | -0.2% | |
| BSIG | B | -0.2% | |
| PRA | C | -0.19% | |
| HPP | D | -0.18% | |
| TRST | C | -0.18% | |
| WSR | D | -0.18% | |
| EGBN | C | -0.18% | |
| EZPW | D | -0.17% | |
| UHT | B | -0.17% | |
| HAFC | C | -0.16% | |
| GDOT | C | -0.15% | |
| BFS | C | -0.15% | |
| AMBC | F | -0.14% | |
| CHCT | F | -0.12% | |
| UFCS | D | -0.12% | |
| WRLD | D | -0.11% | |
| RILY | F | -0.03% |
ARB: Top Represented Industries & Keywords
Industries:
Oil & Gas E&P
Banks - Regional - US
Software - Application
Airlines
Apparel Manufacturing
Asset Management
Biotechnology
Communication Equipment
Consumer Electronics
Credit Services
Diagnostics & Research
Drug Manufacturers - Specialty & Generic
Electronic Components
Entertainment
Gambling
Information Technology Services
Insurance - Life
Medical Care
Medical Devices
Metal Fabrication
PSCF: Top Represented Industries & Keywords
Industries:
Banks - Regional - US
REIT - Diversified
Asset Management
REIT - Retail
Insurance - Property & Casualty
REIT - Hotel & Motel
Credit Services
REIT - Office
Savings & Cooperative Banks
Capital Markets
Insurance - Specialty
REIT - Healthcare Facilities
Real Estate Services
Insurance - Diversified
Specialty Finance
REIT - Industrial
REIT - Residential
Insurance - Life
Insurance - Reinsurance
Real Estate - General
Keywords:
Bank
Banking
Real Estate Investment Trust
Deposit Products
Real Estate Loans
Commercial Bank
Commercial Banking
Mortgage Loan
Insurance
Investment Management
Loan
Cash Management Services
Individual Retirement Account
Residential Real Estate Loans
Business Loans
Banking Services
Trust Services
Investment Bank
Life Insurance
Loan Products
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