ARB vs. RSPF ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Invesco S&P 500 Equal Weight Financial ETF (RSPF)

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

11,390

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RSPF

Invesco S&P 500 Equal Weight Financial ETF

RSPF Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Financials Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the financials sector, as defined according to the Global Industry Classification Standard (GICS).

Grade (RS Rating)

Last Trade

$74.99

Average Daily Volume

12,584

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	RSPF
30 Days	-0.31%	4.45%
60 Days	-0.26%	8.80%
90 Days	0.90%	14.56%
12 Months	5.22%	43.71%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in RSPF	Overlap
	DFS	B	1.9%	1.68%	1.68%

ARB Overweight 42 Positions Relative to RSPF

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

ARB Underweight 70 Positions Relative to RSPF

Symbol	Grade	Weight
SYF	B	-1.73%
RJF	A	-1.68%
COF	B	-1.68%
WFC	A	-1.67%
MS	A	-1.65%
AMP	A	-1.57%
MTB	A	-1.56%
KKR	A	-1.55%
GS	A	-1.54%
HBAN	A	-1.53%
NTRS	A	-1.51%
FI	A	-1.51%
KEY	A	-1.5%
SCHW	A	-1.49%
C	A	-1.49%
PYPL	A	-1.47%
BX	A	-1.47%
JPM	A	-1.46%
RF	A	-1.46%
BAC	A	-1.46%
PNC	A	-1.45%
CFG	A	-1.45%
TROW	A	-1.45%
IVZ	B	-1.44%
STT	A	-1.44%
BK	A	-1.43%
CPAY	A	-1.42%
AXP	B	-1.4%
USB	A	-1.4%
TFC	A	-1.39%
AON	A	-1.38%
FITB	A	-1.38%
CINF	A	-1.37%
WTW	B	-1.37%
PRU	A	-1.35%
MKTX	D	-1.35%
BRO	B	-1.35%
AIZ	A	-1.35%
NDAQ	A	-1.35%
BEN	C	-1.35%
PFG	A	-1.34%
TRV	A	-1.34%
MET	A	-1.34%
V	A	-1.34%
FDS	A	-1.34%
MA	A	-1.33%
GL	B	-1.32%
AIG	A	-1.32%
L	A	-1.32%
BRK.A	A	-1.3%
FIS	A	-1.3%
WRB	A	-1.29%
JKHY	D	-1.29%
MSCI	A	-1.29%
CME	A	-1.29%
ALL	A	-1.28%
GPN	B	-1.28%
HIG	A	-1.26%
PGR	B	-1.26%
AFL	C	-1.25%
MMC	C	-1.23%
MCO	D	-1.23%
AJG	A	-1.23%
CB	C	-1.22%
ICE	C	-1.22%
SPGI	C	-1.21%
CBOE	C	-1.2%
EG	D	-1.19%
ACGL	D	-1.12%
ERIE	F	-1.03%