ARB vs. XPH ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to SPDR S&P Pharmaceuticals ETF (XPH)
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 *

44

* may have additional holdings in another (foreign) market
XPH

SPDR S&P Pharmaceuticals ETF

XPH Description The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the pharmaceuticals segment of a U.S. total market composite index. In seeking to track the performance of the S&P Pharmaceuticals Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the pharmaceuticals industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.16

Average Daily Volume

40,383

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period ARB XPH
30 Days 0.67% 4.18%
60 Days 1.19% 3.86%
90 Days 2.09% 9.06%
12 Months 6.56% 28.77%
1 Overlapping Holdings
Symbol Grade Weight in ARB Weight in XPH Overlap
CTLT D 2.72% 3.47% 2.72%
ARB Overweight 43 Positions Relative to XPH
Symbol Grade Weight
MRO C 2.76%
RCM A 2.73%
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 43 Positions Relative to XPH
Symbol Grade Weight
CORT B -4.32%
LBPH A -4.15%
BMY A -3.75%
EWTX B -3.64%
ITCI A -3.49%
JAZZ D -3.46%
JNJ D -3.44%
RPRX D -3.43%
VTRS B -3.43%
PFE D -3.41%
LLY F -3.36%
ZTS D -3.31%
AXSM C -3.3%
MRK F -3.18%
PRGO D -3.15%
ELAN D -2.98%
OGN D -2.93%
ARVN C -2.76%
SAVA D -2.7%
TARS A -2.36%
AMPH A -2.25%
PBH A -2.22%
SUPN B -2.03%
PCRX C -2.01%
LGND A -1.72%
COLL F -1.69%
OCUL B -1.59%
ANIP F -1.57%
HROW C -1.46%
HRMY D -1.27%
AMRX B -1.24%
WVE B -1.16%
INVA C -1.02%
LQDA C -0.99%
PLRX A -0.93%
MNMD C -0.9%
EYPT C -0.87%
PHAT B -0.87%
FULC F -0.83%
ELVN B -0.75%
EOLS A -0.7%
NUVB F -0.49%
XERS A -0.49%
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