ARB vs. RNSC ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to First Trust Small Cap US Equity Select ETF (RNSC)

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

$27.95

Average Daily Volume

8,778

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RNSC

First Trust Small Cap US Equity Select ETF

RNSC Description

The Small Cap US Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Small Cap US Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$29.53

Average Daily Volume

3,107

Number of Holdings ^*

302

* may have additional holdings in another (foreign) market

Performance

Period	ARB	RNSC
30 Days	0.67%	0.12%
60 Days	1.19%	-2.05%
90 Days	2.09%	2.13%
12 Months	6.56%	19.50%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in RNSC	Overlap

ARB Overweight 44 Positions Relative to RNSC

Symbol	Grade	Weight
MRO	C	2.76%
RCM	A	2.73%
CTLT	D	2.72%
HCP	A	2.72%
SPR	C	2.68%
K	A	2.67%
JNPR	A	2.66%
ANSS	C	2.57%
INFN	B	2.27%
SRCL	A	2.19%
CHX	F	2.19%
ENV	A	2.17%
SILK	A	2.16%
PETQ	A	2.14%
EVRI	A	2.13%
RVNC	C	2.07%
HA	A	2.02%
HES	B	1.95%
DFS	A	1.9%
X	C	1.85%
DO	D	1.83%
ALE	A	1.81%
PRFT	A	1.81%
PWSC	C	1.81%
AXNX	A	1.81%
INST	A	1.79%
VZIO	C	1.78%
AMK	B	1.78%
GTHX	A	1.72%
SRDX	D	1.4%
FBMS	B	1.16%
HTLF	A	1.15%
BALY	A	1.14%
CHUY	B	1.13%
TWKS	A	1.11%
MGRC	A	1.07%
ITI	A	1.07%
SWN	C	0.94%
CALT	C	0.58%
AAN	B	0.56%
CNSL	A	0.54%
AGS	A	0.53%
HAYN	A	0.53%
SRCL	A	0.5%

ARB Underweight 302 Positions Relative to RNSC

Symbol	Grade	Weight
PINC	A	-2.81%
PDCO	F	-2.79%
USPH	F	-2.74%
NHC	C	-2.69%
LMAT	B	-2.64%
CNMD	D	-2.45%
YOU	A	-1.27%
BHE	A	-1.17%
CSGS	D	-1.16%
CTS	A	-1.15%
PRGS	B	-1.13%
XRX	F	-1.13%
VSH	F	-1.1%
CNXN	F	-1.09%
SSTK	D	-0.97%
TDS	B	-0.71%
CCOI	B	-0.63%
SHEN	F	-0.62%
IDCC	A	-0.6%
CABO	C	-0.57%
IRDM	B	-0.55%
WEN	A	-0.37%
DNUT	C	-0.36%
TGNA	B	-0.35%
TNL	A	-0.35%
VSEC	A	-0.35%
VAC	B	-0.35%
OSW	A	-0.35%
GBX	A	-0.34%
JACK	C	-0.34%
CRI	F	-0.34%
PSMT	C	-0.34%
JBT	A	-0.34%
CAKE	A	-0.34%
BLMN	F	-0.33%
PHIN	C	-0.33%
DAN	F	-0.33%
BKE	C	-0.33%
HEES	B	-0.33%
HNI	D	-0.33%
B	A	-0.33%
SAH	C	-0.33%
WINA	A	-0.33%
GIC	F	-0.33%
MCRI	A	-0.33%
LCII	D	-0.32%
GHC	A	-0.32%
RRR	F	-0.32%
PZZA	A	-0.32%
MLKN	F	-0.32%
POWL	A	-0.32%
PRDO	B	-0.32%
BOWL	F	-0.32%
NX	C	-0.31%
CCS	F	-0.31%
CRAI	B	-0.31%
LZB	D	-0.31%
SHOO	D	-0.31%
STRA	F	-0.31%
WOR	F	-0.31%
SCS	F	-0.31%
NWL	A	-0.31%
CRGY	B	-0.3%
EPAC	A	-0.3%
PRG	C	-0.3%
GVA	A	-0.3%
KNTK	B	-0.3%
GES	F	-0.3%
USLM	A	-0.3%
PRIM	A	-0.3%
WWW	C	-0.3%
WGO	D	-0.3%
FL	D	-0.3%
LEG	F	-0.3%
APOG	A	-0.3%
KSS	F	-0.3%
ICFI	B	-0.29%
GEF	B	-0.29%
ULH	B	-0.29%
ABM	B	-0.29%
MWA	B	-0.29%
PTVE	D	-0.29%
HY	D	-0.29%
PBI	A	-0.29%
TGLS	B	-0.29%
TRN	C	-0.29%
OXM	F	-0.29%
CAL	F	-0.29%
SXI	A	-0.28%
SNDR	A	-0.28%
KMT	B	-0.28%
WS	A	-0.28%
CXT	F	-0.28%
CDRE	D	-0.28%
HLIO	A	-0.28%
CRK	B	-0.28%
LNN	C	-0.28%
HI	F	-0.28%
ESE	A	-0.28%
UPBD	D	-0.28%
WKC	D	-0.27%
CEIX	A	-0.27%
ARCB	F	-0.27%
TNC	F	-0.27%
ALG	C	-0.27%
CLB	A	-0.27%
MTX	C	-0.27%
SLVM	B	-0.27%
HUBG	D	-0.27%
LEVI	F	-0.27%
REVG	D	-0.27%
PATK	F	-0.27%
UNF	D	-0.27%
BRC	D	-0.27%
EVTC	D	-0.27%
CVI	F	-0.27%
SCVL	F	-0.27%
VSTS	F	-0.27%
WERN	A	-0.27%
NSSC	F	-0.27%
KFRC	D	-0.26%
SXT	C	-0.26%
IOSP	F	-0.26%
CMCO	F	-0.26%
GFF	F	-0.26%
AROC	D	-0.26%
NPO	F	-0.26%
AZZ	D	-0.26%
KALU	B	-0.25%
HWKN	D	-0.25%
RES	F	-0.25%
MTRN	D	-0.25%
INSW	F	-0.25%
SCL	F	-0.25%
MRTN	F	-0.25%
WTTR	D	-0.25%
OEC	F	-0.24%
AESI	F	-0.24%
CALM	B	-0.24%
BTU	A	-0.24%
CC	F	-0.24%
KWR	D	-0.24%
AIN	F	-0.23%
DK	F	-0.23%
CVBF	B	-0.22%
DBRG	D	-0.22%
BANC	B	-0.21%
FHI	A	-0.21%
WABC	B	-0.21%
BFH	C	-0.21%
ASB	A	-0.21%
PFBC	B	-0.21%
QCRH	B	-0.21%
CATY	A	-0.21%
INDB	B	-0.21%
BOH	A	-0.21%
CASH	A	-0.21%
PJT	B	-0.21%
VCTR	A	-0.21%
SYBT	B	-0.21%
HMN	A	-0.21%
NIC	B	-0.21%
MCY	B	-0.21%
TRMK	B	-0.21%
NBHC	A	-0.21%
BANR	A	-0.21%
SFNC	A	-0.21%
STEP	B	-0.21%
BXMT	C	-0.2%
AVA	D	-0.2%
FBNC	D	-0.2%
LKFN	B	-0.2%
FBRT	B	-0.2%
APAM	A	-0.2%
NBTB	D	-0.2%
CBU	A	-0.2%
AWR	C	-0.2%
FFBC	A	-0.2%
MGEE	C	-0.2%
EIG	C	-0.2%
KLG	F	-0.2%
BGC	A	-0.2%
VIRT	A	-0.2%
BHLB	B	-0.2%
HOPE	D	-0.2%
SBCF	B	-0.2%
PRK	A	-0.2%
VRTS	B	-0.2%
WSBC	A	-0.2%
EBC	C	-0.2%
PFS	B	-0.2%
GABC	A	-0.2%
ENR	B	-0.2%
TCBK	C	-0.2%
RNST	B	-0.2%
EFSC	B	-0.2%
FHB	A	-0.2%
FBK	B	-0.2%
BANF	B	-0.2%
PEBO	B	-0.2%
WT	B	-0.2%
SASR	A	-0.2%
WDFC	A	-0.2%
FIBK	B	-0.2%
VBTX	B	-0.2%
UVV	C	-0.19%
OUT	C	-0.19%
KW	C	-0.19%
DRH	D	-0.19%
HTH	D	-0.19%
STC	D	-0.19%
DEA	C	-0.19%
GTY	C	-0.19%
EPC	D	-0.19%
ARI	F	-0.19%
SEB	F	-0.19%
JJSF	C	-0.19%
UE	B	-0.19%
AKR	B	-0.19%
PMT	D	-0.19%
CWT	D	-0.19%
FRME	C	-0.19%
TR	F	-0.19%
NWE	D	-0.19%
SKT	B	-0.19%
IVT	A	-0.19%
BKU	C	-0.19%
AAT	C	-0.19%
CPK	C	-0.19%
SJW	F	-0.19%
JBGS	C	-0.19%
MSEX	B	-0.19%
NAVI	F	-0.19%
FULT	B	-0.19%
FDP	A	-0.19%
WAFD	D	-0.19%
LADR	B	-0.19%
SAFT	D	-0.19%
MBIN	F	-0.19%
CDP	B	-0.19%
PGRE	C	-0.19%
FCF	D	-0.19%
ABR	B	-0.19%
BY	B	-0.19%
DEI	B	-0.19%
AGM	D	-0.19%
NNI	A	-0.19%
CHCO	A	-0.19%
NWN	C	-0.19%
HIW	C	-0.19%
NWBI	C	-0.19%
PPBI	B	-0.19%
SRCE	C	-0.19%
CNNE	B	-0.19%
WSFS	D	-0.19%
TOWN	D	-0.19%
BNL	D	-0.18%
GNL	D	-0.18%
LXP	D	-0.18%
EPR	D	-0.18%
NTST	F	-0.18%
UMH	D	-0.18%
VRE	D	-0.18%
LTC	A	-0.18%
FBP	D	-0.18%
MMI	D	-0.18%
ESRT	C	-0.18%
STBA	D	-0.18%
PK	F	-0.18%
RC	F	-0.18%
XHR	C	-0.18%
RLJ	F	-0.18%
ELME	D	-0.18%
NMRK	C	-0.18%
ANDE	F	-0.18%
WMK	D	-0.18%
FCPT	D	-0.18%
IIPR	C	-0.18%
NXRT	D	-0.18%
SHO	D	-0.18%
UTZ	B	-0.18%
SPB	C	-0.18%
CODI	D	-0.18%
APLE	C	-0.18%
MAC	B	-0.18%
ROIC	B	-0.18%
BUSE	D	-0.18%
NHI	C	-0.17%
EXPI	B	-0.17%
JOE	F	-0.17%
CWEN	C	-0.17%
CMTG	F	-0.17%
ALX	D	-0.17%
PEB	F	-0.17%
PCH	F	-0.17%
LOB	D	-0.17%
OFG	C	-0.17%
ALEX	C	-0.17%
IMKTA	D	-0.16%
NSA	D	-0.16%
MPW	D	-0.15%
MGPI	F	-0.14%