DSMC vs. ARB ETF Comparison

Comparison of Distillate Small/Mid Cash Flow ETF (DSMC) to AltShares Merger Arbitrage ETF (ARB)

DSMC

Distillate Small/Mid Cash Flow ETF

DSMC Description

Distillate Small/Mid Cash Flow ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Distillate Capital Partners LLC and Vident Investment Advisory, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies across diversified market capitalization. It employs proprietary research to create its portfolio. Distillate Small/Mid Cash Flow ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.94

Average Daily Volume

10,589

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

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 ^*

* may have additional holdings in another (foreign) market

Performance

Period	DSMC	ARB
30 Days	-1.88%	0.67%
60 Days	-2.01%	1.19%
90 Days	1.40%	2.09%
12 Months	18.16%	6.56%

2 Overlapping Holdings

	Symbol	Grade	Weight in DSMC	Weight in ARB	Overlap
	CHX	F	0.56%	2.19%	0.56%
	EVRI	A	0.52%	2.13%	0.52%

DSMC Overweight 139 Positions Relative to ARB

Symbol	Grade	Weight
DDS	C	1.68%
OC	B	1.63%
TOL	C	1.56%
WEX	F	1.49%
CROX	F	1.38%
CHRD	F	1.33%
IDCC	A	1.32%
QRVO	F	1.31%
ATKR	F	1.29%
CF	B	1.27%
AMR	F	1.24%
ETSY	D	1.16%
ARCH	B	1.14%
JAZZ	D	1.05%
KBH	D	1.03%
STRL	B	1.03%
SIG	C	0.95%
TPR	A	0.92%
CRI	F	0.91%
TAP	D	0.9%
RHI	C	0.89%
OSK	C	0.85%
CEIX	A	0.85%
ALSN	A	0.84%
BCC	D	0.84%
AGX	A	0.82%
DOX	B	0.81%
GPOR	F	0.8%
MATX	A	0.8%
OVV	F	0.8%
CALM	B	0.78%
THO	D	0.78%
BBWI	F	0.77%
VSCO	A	0.76%
BCO	D	0.73%
TMHC	A	0.73%
ASO	F	0.73%
DINO	F	0.71%
MTDR	D	0.71%
SM	F	0.7%
BWA	D	0.69%
IPG	F	0.69%
COLM	C	0.68%
APA	F	0.68%
CIVI	F	0.67%
LCII	D	0.67%
GMS	A	0.66%
LOPE	D	0.66%
SEIC	A	0.66%
AR	F	0.65%
EEFT	F	0.65%
HCC	A	0.64%
TEX	F	0.64%
CRC	B	0.63%
LKQ	F	0.62%
SLVM	B	0.62%
DBX	A	0.62%
VSTO	A	0.61%
MOS	B	0.61%
RRC	D	0.61%
VRTS	B	0.59%
TDC	B	0.59%
CLF	C	0.59%
XRAY	F	0.59%
FHI	A	0.59%
AMWD	D	0.59%
VCTR	A	0.58%
MGY	C	0.58%
G	C	0.58%
MUR	F	0.58%
BXC	A	0.57%
SHOO	D	0.57%
DIOD	F	0.57%
TPH	D	0.57%
GIII	C	0.57%
NSP	F	0.56%
NVST	A	0.56%
NX	C	0.56%
APOG	A	0.56%
AB	B	0.55%
WKC	D	0.55%
KFY	C	0.55%
PBH	A	0.55%
PCRX	C	0.55%
TRIP	C	0.54%
OXM	F	0.54%
APAM	A	0.54%
MD	A	0.54%
MBUU	A	0.53%
BKE	C	0.53%
KLIC	B	0.53%
ODP	C	0.52%
ZD	F	0.51%
ARLP	A	0.51%
WGO	D	0.51%
HSII	A	0.5%
EXPI	B	0.5%
MCRI	A	0.5%
ROCK	D	0.5%
MAN	F	0.5%
INSW	F	0.5%
PRG	C	0.5%
CNXN	F	0.49%
COLL	F	0.49%
DXC	D	0.49%
INVA	C	0.49%
SUPN	B	0.49%
IMXI	F	0.48%
CTS	A	0.48%
BSM	D	0.48%
HUBG	D	0.48%
KRP	B	0.48%
PINC	A	0.48%
HRMY	D	0.47%
RES	F	0.47%
RGR	F	0.47%
NTCT	C	0.47%
PRDO	B	0.46%
ETD	F	0.46%
SBH	B	0.46%
COHU	B	0.45%
GDEN	F	0.45%
SXC	A	0.45%
JBI	F	0.45%
ANDE	F	0.45%
EXTR	B	0.45%
PLAB	F	0.44%
SSTK	D	0.44%
WNC	F	0.43%
GNK	D	0.43%
REVG	D	0.43%
RPAY	D	0.43%
LPG	F	0.42%
WOR	F	0.42%
HLX	F	0.41%
CARS	D	0.41%
ASC	F	0.39%
SCHL	F	0.38%
CAL	F	0.37%

DSMC Underweight 42 Positions Relative to ARB

Symbol	Grade	Weight
MRO	C	-2.76%
RCM	A	-2.73%
CTLT	D	-2.72%
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%
ENV	A	-2.17%
SILK	A	-2.16%
PETQ	A	-2.14%
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%