DIG vs. ARB ETF Comparison
Comparison of ProShares Ultra Oil & Gas (DIG) to AltShares Merger Arbitrage ETF (ARB)
DIG
ProShares Ultra Oil & Gas
DIG Description
The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Oil & GasSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of the oil and gas sector of the U.S. equity market. Component companies include, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$46.47
Average Daily Volume
78,696
22
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 | DIG | ARB |
|---|---|---|
| 30 Days | 16.09% | 0.17% |
| 60 Days | 17.00% | 0.43% |
| 90 Days | 14.71% | 1.37% |
| 12 Months | 27.85% | 5.64% |
DIG Overweight 20 Positions Relative to ARB
DIG Underweight 41 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% | |
| 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% |
DIG: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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