IEZ vs. ARB ETF Comparison
Comparison of iShares U.S. Oil Equipment & Services ETF (IEZ) to AltShares Merger Arbitrage ETF (ARB)
IEZ
iShares U.S. Oil Equipment & Services ETF
IEZ Description
The investment seeks to track the investment results of an index composed of U.S. equities in the oil equipment and services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Oil Equipment & Services Index (the "underlying index"), which measures the performance of the oil equipment and services sector of the U.S. equity market. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$20.60
Average Daily Volume
146,516
29
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
$27.69
Average Daily Volume
9,990
42
Performance
| Period | IEZ | ARB |
|---|---|---|
| 30 Days | -2.49% | 0.25% |
| 60 Days | -4.47% | 1.14% |
| 90 Days | -6.79% | 2.56% |
| 12 Months | -10.99% | 5.65% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IEZ | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| CHX | F | 4.48% | 2.56% | 2.56% |
IEZ Overweight 28 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| SLB | F | 22.68% | |
| BKR | B | 20.41% | |
| FTI | B | 4.57% | |
| HAL | F | 4.35% | |
| NOV | F | 4.27% | |
| WFRD | F | 4.03% | |
| NE | F | 3.87% | |
| WHD | B | 3.02% | |
| VAL | F | 2.9% | |
| TDW | F | 2.69% | |
| AROC | C | 2.67% | |
| RIG | F | 2.61% | |
| LBRT | F | 2.44% | |
| HP | F | 2.3% | |
| PTEN | F | 2.12% | |
| OII | D | 1.95% | |
| XPRO | F | 1.44% | |
| HLX | D | 1.2% | |
| AESI | C | 1.0% | |
| WTTR | D | 0.79% | |
| CLB | D | 0.67% | |
| VTOL | D | 0.66% | |
| KGS | C | 0.61% | |
| PUMP | F | 0.47% | |
| NBR | F | 0.43% | |
| INVX | F | 0.4% | |
| RES | D | 0.4% | |
| TTI | D | 0.27% |
IEZ Underweight 41 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| HCP | B | -3.33% | |
| HES | D | -3.31% | |
| ANSS | D | -3.06% | |
| WIRE | B | -2.76% | |
| HIBB | B | -2.69% | |
| PRFT | A | -2.69% | |
| EDR | A | -2.67% | |
| ETRN | B | -2.51% | |
| JNPR | C | -2.31% | |
| CTLT | B | -2.24% | |
| ALE | A | -2.09% | |
| AXNX | A | -2.09% | |
| VZIO | B | -1.99% | |
| EVBG | D | -1.98% | |
| X | F | -1.89% | |
| CERE | C | -1.88% | |
| HTLF | C | -1.88% | |
| SWN | C | -1.85% | |
| AMK | B | -1.83% | |
| DFS | C | -1.77% | |
| CPRI | C | -1.75% | |
| AMED | D | -1.45% | |
| MGRC | D | -1.36% | |
| AGS | D | -1.32% | |
| HAYN | B | -1.31% | |
| NWLI | B | -1.28% | |
| HA | A | -1.23% | |
| WRK | B | -0.94% | |
| SBOW | F | -0.82% | |
| OSG | A | -0.67% | |
| IBTX | D | -0.67% | |
| OLK | D | -0.62% | |
| SRCL | B | -0.6% | |
| CNSL | A | -0.57% | |
| CRGY | D | --0.49% | |
| UMBF | C | --0.59% | |
| SSB | C | --0.68% | |
| SNPS | F | --1.86% | |
| CHK | C | --1.94% | |
| CHRD | F | --2.18% | |
| EQT | C | --2.53% |
IEZ: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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