KCE vs. MARB ETF Comparison

Comparison of SPDR S&P Capital Markets ETF (KCE) to First Trust Merger Arbitrage ETF (MARB)

KCE

SPDR S&P Capital Markets ETF

KCE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges. In seeking to track the performance of the S&P Capital Markets Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the capital markets industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$127.19

Average Daily Volume

33,666

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$19.85

Average Daily Volume

6,083

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KCE	MARB
30 Days	7.56%	-0.19%
60 Days	15.89%	-0.09%
90 Days	15.43%	0.72%
12 Months	51.95%	-0.71%

0 Overlapping Holdings

	Symbol	Grade	Weight in KCE	Weight in MARB	Overlap

KCE Overweight 59 Positions Relative to MARB

Symbol	Grade	Weight
LPLA	D	1.85%
IVZ	A	1.84%
COIN	F	1.83%
STEP	A	1.81%
HLNE	A	1.81%
SF	A	1.8%
EVR	C	1.79%
OWL	A	1.79%
KKR	A	1.78%
PJT	A	1.78%
MS	A	1.77%
VCTR	A	1.77%
FHI	A	1.77%
IBKR	A	1.77%
CG	B	1.77%
STT	A	1.76%
ARES	A	1.76%
APAM	B	1.76%
AMP	A	1.76%
BLK	A	1.76%
JHG	A	1.75%
TROW	D	1.74%
PIPR	A	1.74%
BK	A	1.73%
JEF	A	1.73%
AMG	B	1.73%
TW	A	1.72%
GS	B	1.72%
BEN	F	1.72%
CNS	C	1.72%
RJF	B	1.72%
SEIC	B	1.71%
FDS	C	1.7%
TPG	A	1.7%
HLI	A	1.7%
MC	B	1.7%
SCHW	D	1.7%
HOOD	B	1.69%
NTRS	B	1.69%
MORN	B	1.69%
BX	C	1.68%
DBRG	D	1.67%
CME	A	1.67%
MSCI	B	1.67%
NDAQ	C	1.65%
MCO	D	1.65%
SPGI	C	1.64%
MKTX	B	1.64%
ICE	A	1.63%
CBOE	B	1.63%
VIRT	B	1.61%
BGC	B	1.6%
SNEX	B	1.37%
VRTS	D	1.21%
DFIN	B	1.04%
PX	A	0.66%
BSIG	D	0.65%
DHIL	C	0.39%
LPRO	D	0.37%

KCE Underweight 30 Positions Relative to MARB

Symbol	Grade	Weight
HTLF	B	-6.3%
HCP	A	-5.53%
AMED	D	-4.82%
EDR	A	-4.74%
ACI	F	-4.56%
AXNX	A	-4.09%
JNPR	C	-3.63%
ANSS	D	-3.46%
DFS	A	-3.46%
CTLT	A	-3.18%
VZIO	A	-3.02%
HES	D	-2.72%
SRCL	B	-2.59%
PRFT	A	-2.53%
CHX	C	-2.48%
MGRC	D	-2.42%
SRDX	D	-2.25%
PWSC	C	-2.0%
IBTX	B	-1.84%
MRO	B	-1.77%
CPRI	C	-1.59%
EQT	C	--0.07%
WSC	D	--0.99%
COP	D	--1.78%
SSB	C	--1.86%
SNPS	F	--1.96%
CVX	B	--3.1%
SLB	D	--3.68%
COF	A	--3.86%
UMBF	C	--6.56%