EVNT vs. MARB ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to First Trust Merger Arbitrage ETF (MARB)
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$10.37
Average Daily Volume
455
43
MARB
First Trust Merger Arbitrage ETF
MARB Description
The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.Grade (RS Rating)
Last Trade
$19.87
Average Daily Volume
14,580
34
Performance
| Period | EVNT | MARB |
|---|---|---|
| 30 Days | 1.59% | -0.31% |
| 60 Days | 4.22% | 0.70% |
| 90 Days | 5.03% | 0.98% |
| 12 Months | 6.36% | -0.49% |
16 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in MARB | Overlap | |
|---|---|---|---|---|---|
| ACI | D | 0.46% | 4.93% | 0.46% | |
| AMED | B | 1.01% | 4.82% | 1.01% | |
| ANSS | D | 2.87% | 3.38% | 2.87% | |
| AXNX | A | 2.98% | 4.04% | 2.98% | |
| CHX | D | 3.62% | 2.6% | 2.6% | |
| CPRI | C | 0.91% | 1.46% | 0.91% | |
| CTLT | A | 2.99% | 3.2% | 2.99% | |
| HCP | B | 2.61% | 5.48% | 2.61% | |
| HES | F | 5.01% | 2.85% | 2.85% | |
| JNPR | A | 3.17% | 3.62% | 3.17% | |
| MGRC | D | 2.66% | 2.34% | 2.34% | |
| PRFT | A | 2.07% | 2.5% | 2.07% | |
| SNPS | D | -1.38% | -1.95% | -1.95% | |
| VZIO | A | 1.2% | 2.99% | 1.2% | |
| WSC | D | -0.95% | -0.96% | -0.96% | |
| X | F | 1.96% | 3.59% | 1.96% |
EVNT Overweight 27 Positions Relative to MARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| OLK | A | 4.42% | |
| MCS | A | 4.38% | |
| CERE | A | 3.17% | |
| BA | F | 2.56% | |
| CZR | D | 2.1% | |
| PVH | F | 1.87% | |
| CCI | A | 1.69% | |
| FL | D | 1.69% | |
| VFC | B | 1.56% | |
| SIMO | F | 1.45% | |
| DCPH | A | 1.42% | |
| MODN | B | 1.33% | |
| TGNA | D | 1.32% | |
| INTC | F | 1.29% | |
| WIRE | A | 1.28% | |
| RAMP | F | 1.22% | |
| PARA | F | 1.06% | |
| DIS | F | 1.04% | |
| AURA | D | 0.98% | |
| SQSP | A | 0.98% | |
| PNM | A | 0.9% | |
| PACB | F | 0.6% | |
| WBD | D | 0.6% | |
| RIVN | F | 0.49% | |
| ZLAB | C | 0.41% | |
| SNOW | F | 0.33% | |
| LVTX | F | 0.05% |
EVNT Underweight 18 Positions Relative to MARB
EVNT: Top Represented Industries & Keywords
MARB: Top Represented Industries & Keywords
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