ARB vs. SBIO ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to ALPS Medical Breakthroughs ETF (SBIO)

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

$27.35

Average Daily Volume

12,207

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SBIO

ALPS Medical Breakthroughs ETF

SBIO Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Poliwogg Medical Breakthroughs IndexSM. The fund employs a "passive management" - or indexing - investment approach designed to track the performance of the underlying index. It will normally invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index is comprised of small- and mid-cap stocks of biotechnology and pharmaceutical companies that have one or more drugs in either Phase II or Phase III U.S. Food and Drug Administration clinical trials. It is non-diversified.

Grade (RS Rating)

Last Trade

$36.84

Average Daily Volume

12,226

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	SBIO
30 Days	1.51%	10.83%
60 Days	1.75%	11.27%
90 Days	2.62%	10.60%
12 Months	6.60%	17.61%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in SBIO	Overlap

ARB Overweight 48 Positions Relative to SBIO

Symbol	Grade	Weight
AIRC	A	3.34%
HCP	A	3.33%
SWAV	A	3.31%
HES	C	3.31%
DCPH	A	3.21%
ANSS	F	3.06%
WIRE	A	2.76%
HIBB	A	2.69%
PRFT	A	2.69%
EDR	A	2.67%
CHX	C	2.56%
ETRN	D	2.51%
JNPR	A	2.31%
CTLT	A	2.24%
ALE	A	2.09%
AXNX	B	2.09%
VZIO	C	1.99%
EVBG	B	1.98%
X	C	1.89%
CERE	A	1.88%
HTLF	B	1.88%
SWN	F	1.85%
AMK	C	1.83%
DFS	B	1.77%
CPRI	F	1.75%
MODN	B	1.51%
AMED	A	1.45%
MGRC	D	1.36%
AGS	D	1.32%
HAYN	B	1.31%
NWLI	A	1.28%
HA	D	1.23%
WRK	C	0.94%
SBOW	D	0.82%
OSG	A	0.67%
IBTX	B	0.67%
OLK	A	0.62%
SNPO	B	0.6%
SRCL	B	0.6%
CNSL	A	0.57%
TGAN	B	0.28%
CRGY	C	-0.49%
UMBF	B	-0.59%
SSB	B	-0.68%
SNPS	D	-1.86%
CHK	F	-1.94%
CHRD	D	-2.18%
EQT	F	-2.53%

ARB Underweight 84 Positions Relative to SBIO

Symbol	Grade	Weight
KRYS	B	-4.0%
ALKS	C	-3.1%
RNA	C	-3.02%
CRNX	C	-2.81%
IMVT	D	-2.79%
CORT	B	-2.43%
MRUS	D	-2.36%
DNLI	C	-2.26%
ACLX	C	-2.26%
XENE	C	-2.18%
IDYA	C	-2.11%
ACAD	D	-2.07%
FOLD	D	-1.98%
CLDX	C	-1.93%
MORF	B	-1.86%
GERN	C	-1.81%
AGIO	C	-1.79%
PTCT	D	-1.72%
NTLA	D	-1.68%
VCEL	C	-1.67%
PTGX	C	-1.55%
CGON	C	-1.45%
SNDX	C	-1.37%
MIRM	C	-1.34%
ARVN	F	-1.33%
VERA	D	-1.32%
AKRO	D	-1.28%
IMCR	F	-1.28%
ZLAB	D	-1.26%
KROS	C	-1.24%
VRNA	B	-1.21%
GLPG	D	-1.19%
EWTX	D	-1.16%
BCRX	C	-1.06%
MNKD	C	-1.05%
KURA	D	-1.05%
RCUS	D	-0.94%
DAWN	C	-0.92%
XNCR	F	-0.88%
PRTA	D	-0.86%
LBPH	C	-0.83%
IRON	D	-0.74%
IRWD	D	-0.73%
VRDN	C	-0.7%
SPRY	C	-0.7%
ANAB	C	-0.66%
TARS	F	-0.62%
FDMT	F	-0.62%
PHVS	F	-0.61%
ETNB	D	-0.6%
COGT	C	-0.6%
LQDA	D	-0.58%
OLMA	C	-0.57%
ERAS	C	-0.56%
PLRX	D	-0.53%
AUPH	D	-0.53%
FLGT	C	-0.47%
MLYS	D	-0.44%
ARCT	F	-0.43%
GHRS	D	-0.43%
CELC	C	-0.43%
REPL	D	-0.42%
ITOS	B	-0.41%
ALEC	C	-0.41%
ALLO	D	-0.41%
SVRA	C	-0.4%
URGN	C	-0.39%
APLT	C	-0.39%
ANNX	C	-0.37%
AVXL	C	-0.37%
CMPS	D	-0.36%
YMAB	C	-0.36%
FULC	C	-0.36%
AURA	C	-0.34%
TBPH	C	-0.33%
ALT	F	-0.31%
ACIU	D	-0.25%
VNDA	C	-0.24%
INZY	C	-0.24%
STRO	C	-0.24%
ENTA	C	-0.22%
ZNTL	F	-0.21%
ALDX	D	-0.16%
HLVX	F	-0.06%

SBIO: Top Represented Industries & Keywords

Industries: Biotechnology Diagnostics & Research Drug Manufacturers - Specialty & Generic Medical Care Facilities