COWS vs. ARB ETF Comparison
Comparison of Amplify Cash Flow Dividend Leaders ETF (COWS) to AltShares Merger Arbitrage ETF (ARB)
COWS
Amplify Cash Flow Dividend Leaders ETF
COWS Description
COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.
Grade (RS Rating)
Last Trade
$31.69
Average Daily Volume
6,514
53
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
$27.94
Average Daily Volume
11,353
43
Performance
| Period | COWS | ARB |
|---|---|---|
| 30 Days | 8.32% | 0.17% |
| 60 Days | 7.64% | 0.43% |
| 90 Days | 8.17% | 1.37% |
| 12 Months | 29.39% | 5.64% |
1 Overlapping Holdings
| Symbol | Grade | Weight in COWS | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| MRO | B | 2.49% | 2.76% | 2.49% |
COWS Overweight 52 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| VST | B | 4.0% | |
| SNA | A | 2.95% | |
| OC | A | 2.76% | |
| G | B | 2.68% | |
| CMCSA | B | 2.56% | |
| CF | B | 2.48% | |
| SLB | C | 2.48% | |
| HAL | C | 2.43% | |
| BC | C | 2.42% | |
| FNF | B | 2.35% | |
| FDX | B | 2.31% | |
| EBAY | D | 2.3% | |
| TPR | B | 2.21% | |
| WSM | B | 2.17% | |
| TKR | D | 2.13% | |
| BMY | B | 2.07% | |
| ALSN | B | 2.03% | |
| PARA | C | 2.02% | |
| SM | B | 2.02% | |
| PVH | C | 1.95% | |
| PTEN | C | 1.93% | |
| VLO | C | 1.89% | |
| NXST | C | 1.86% | |
| SWKS | F | 1.84% | |
| BEN | C | 1.8% | |
| BBWI | D | 1.75% | |
| NOV | C | 1.74% | |
| PR | B | 1.74% | |
| MGY | A | 1.73% | |
| MUR | D | 1.72% | |
| MTDR | B | 1.67% | |
| GAP | C | 1.67% | |
| ASO | F | 1.63% | |
| T | A | 1.6% | |
| MCK | B | 1.48% | |
| DVN | F | 1.48% | |
| VNT | B | 1.46% | |
| OLN | D | 1.45% | |
| TMUS | B | 1.43% | |
| DNB | B | 1.43% | |
| AYI | B | 1.4% | |
| BWA | D | 1.37% | |
| CSCO | B | 1.34% | |
| AEO | F | 1.33% | |
| LEA | D | 1.33% | |
| RL | B | 1.29% | |
| OGN | D | 1.29% | |
| OSK | B | 1.27% | |
| INGR | B | 1.25% | |
| IPG | D | 1.23% | |
| SAIC | F | 1.19% | |
| ENS | D | 1.12% |
COWS Underweight 42 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| RCM | F | -2.73% | |
| CTLT | B | -2.72% | |
| HCP | B | -2.72% | |
| SPR | D | -2.68% | |
| K | A | -2.67% | |
| JNPR | F | -2.66% | |
| ANSS | B | -2.57% | |
| INFN | C | -2.27% | |
| SRCL | C | -2.19% | |
| CHX | C | -2.19% | |
| ENV | B | -2.17% | |
| SILK | F | -2.16% | |
| PETQ | D | -2.14% | |
| EVRI | A | -2.13% | |
| RVNC | F | -2.07% | |
| HA | D | -2.02% | |
| HES | B | -1.95% | |
| DFS | B | -1.9% | |
| X | C | -1.85% | |
| DO | D | -1.83% | |
| ALE | A | -1.81% | |
| PRFT | D | -1.81% | |
| PWSC | C | -1.81% | |
| AXNX | C | -1.81% | |
| INST | C | -1.79% | |
| VZIO | A | -1.78% | |
| AMK | D | -1.78% | |
| GTHX | D | -1.72% | |
| SRDX | B | -1.4% | |
| FBMS | B | -1.16% | |
| HTLF | B | -1.15% | |
| BALY | C | -1.14% | |
| CHUY | D | -1.13% | |
| TWKS | D | -1.11% | |
| MGRC | B | -1.07% | |
| SWN | D | -0.94% | |
| CALT | D | -0.58% | |
| AAN | D | -0.56% | |
| CNSL | C | -0.54% | |
| AGS | A | -0.53% | |
| HAYN | C | -0.53% | |
| SRCL | C | -0.5% |
COWS: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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