ARB vs. SPGP ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Invesco S&P 500 GARP ETF (SPGP)

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

11,241

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPGP

Invesco S&P 500 GARP ETF

SPGP Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500 GARP Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 75 growth stocks in the S&P 500 that exhibit quality characteristics and have attractive valuation.

Grade (RS Rating)

Last Trade

$108.67

Average Daily Volume

235,179

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	SPGP
30 Days	-0.33%	1.27%
60 Days	-0.23%	4.99%
90 Days	0.64%	5.90%
12 Months	5.24%	18.26%

2 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in SPGP	Overlap
	DFS	B	1.9%	1.82%	1.82%
	MRO	A	2.76%	1.8%	1.8%

ARB Overweight 41 Positions Relative to SPGP

Symbol	Grade	Weight
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	B	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 72 Positions Relative to SPGP

Symbol	Grade	Weight
UAL	A	-2.95%
NVDA	A	-2.56%
ANET	C	-2.26%
STLD	B	-2.2%
DAL	A	-2.18%
EOG	A	-2.16%
PAYC	B	-1.94%
COP	B	-1.92%
TJX	A	-1.91%
VLO	C	-1.9%
MPC	D	-1.77%
NUE	D	-1.71%
JBL	C	-1.69%
ULTA	F	-1.68%
ROST	D	-1.68%
SYF	B	-1.61%
OKE	A	-1.6%
CVX	A	-1.56%
PANW	B	-1.54%
BLDR	D	-1.5%
FANG	D	-1.49%
CF	A	-1.46%
XOM	B	-1.45%
LULU	C	-1.44%
PSX	C	-1.4%
NXPI	F	-1.39%
CAT	C	-1.39%
DE	C	-1.39%
COF	B	-1.36%
IT	C	-1.32%
CTRA	B	-1.29%
DHI	D	-1.29%
PCAR	C	-1.29%
GPC	F	-1.27%
SYY	D	-1.27%
TPR	B	-1.22%
PHM	D	-1.19%
ON	F	-1.17%
MA	B	-1.15%
ACGL	D	-1.15%
INCY	C	-1.15%
GWW	B	-1.14%
MOH	F	-1.13%
L	A	-1.12%
KLAC	F	-1.09%
APA	F	-1.08%
ODFL	B	-1.08%
AMP	A	-1.08%
META	C	-1.07%
BRK.A	B	-1.07%
GOOG	B	-1.06%
DECK	A	-1.06%
MOS	D	-1.05%
WRB	B	-1.04%
LEN	D	-0.99%
CPRT	B	-0.97%
EG	D	-0.97%
DVN	F	-0.94%
CB	C	-0.92%
V	A	-0.91%
MLM	B	-0.87%
AAPL	C	-0.86%
VRTX	D	-0.84%
LRCX	F	-0.84%
HPE	B	-0.83%
HAL	C	-0.8%
OXY	F	-0.79%
AMAT	F	-0.78%
LW	C	-0.75%
MCHP	F	-0.73%
ADM	D	-0.7%
CE	F	-0.69%