ARB vs. VAMO ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Cambria Value and Momentum ETF (VAMO)

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

$27.69

Average Daily Volume

9,990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VAMO

Cambria Value and Momentum ETF

VAMO Description

The investment seeks income and capital appreciation from investments in the U.S. equity market. The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of the value of the fund&#39;s net assets in U.S. exchange-listed equity securities. It may hedge up to 100% of the value of the fund&#39;s long portfolio. The fund may invest in securities of companies in any industry, but will limit the maximum allocation to any particular sector to 25%. It may invest up to 20% of the value of its net assets in U.S. dollar and non-U.S. dollar denominated money market instruments or other high quality debt securities, or ETFs.

Grade (RS Rating)

Last Trade

$29.59

Average Daily Volume

3,043

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	VAMO
30 Days	0.25%	0.40%
60 Days	1.14%	3.36%
90 Days	2.56%	7.18%
12 Months	5.65%	13.35%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in VAMO	Overlap
	HTLF	C	1.88%	0.94%	0.94%

ARB Overweight 41 Positions Relative to VAMO

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

ARB Underweight 94 Positions Relative to VAMO

Symbol	Grade	Weight
MLI	B	-1.7%
PHM	A	-1.69%
VST	A	-1.58%
COOP	C	-1.58%
STRL	C	-1.42%
OSCR	C	-1.41%
DHI	B	-1.37%
PATK	B	-1.29%
LEN	B	-1.26%
ENVA	C	-1.26%
TMHC	B	-1.25%
CEIX	B	-1.21%
MTH	B	-1.2%
L	D	-1.18%
SKYW	B	-1.17%
PRDO	D	-1.17%
REVG	D	-1.12%
BCC	B	-1.05%
PLUS	C	-1.04%
HOOD	C	-1.03%
JXN	B	-1.03%
MHO	A	-1.03%
TOL	A	-1.02%
HIG	A	-0.98%
EME	C	-0.98%
MCY	B	-0.97%
KBH	C	-0.95%
SYF	C	-0.94%
MTG	B	-0.94%
CNX	A	-0.93%
HCC	D	-0.93%
BZH	B	-0.92%
TDS	B	-0.92%
MATX	B	-0.91%
WSM	C	-0.9%
SKWD	B	-0.89%
NSIT	C	-0.87%
FCNCA	D	-0.87%
IDCC	A	-0.86%
CFG	D	-0.86%
THC	C	-0.85%
SLVM	C	-0.84%
MHK	B	-0.84%
AFL	A	-0.84%
CALM	A	-0.84%
PPC	A	-0.84%
IESC	B	-0.84%
CCS	C	-0.84%
GRBK	B	-0.84%
LPX	A	-0.83%
UTHR	B	-0.83%
FOXA	A	-0.83%
GPI	C	-0.83%
NRG	A	-0.83%
INGR	A	-0.83%
AGX	B	-0.83%
HNI	B	-0.83%
RGA	C	-0.83%
ATGE	C	-0.83%
T	A	-0.83%
POWL	A	-0.83%
COF	C	-0.83%
CRUS	D	-0.82%
LRN	C	-0.82%
CENX	C	-0.82%
RSI	C	-0.82%
PHIN	D	-0.82%
KFY	C	-0.82%
BHE	C	-0.81%
TPC	B	-0.81%
ABM	D	-0.81%
RDN	D	-0.8%
TPH	B	-0.8%
UHS	D	-0.79%
WTTR	D	-0.79%
SCSC	D	-0.78%
GM	D	-0.78%
PRI	A	-0.78%
APOG	B	-0.77%
CRBG	C	-0.76%
DNOW	F	-0.75%
FNF	A	-0.74%
SM	F	-0.74%
SNX	C	-0.73%
EQH	C	-0.73%
MLKN	F	-0.73%
PRU	C	-0.73%
AIZ	A	-0.71%
LBRT	F	-0.7%
ALLY	F	-0.7%
LNC	D	-0.7%
CAL	F	-0.68%
UFPI	B	-0.63%
CUBI	F	-0.54%