MARB vs. ARB ETF Comparison

Comparison of First Trust Merger Arbitrage ETF (MARB) to AltShares Merger Arbitrage ETF (ARB)
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

$19.64

Average Daily Volume

7,002

Number of Holdings *

34

* 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

$27.86

Average Daily Volume

11,112

Number of Holdings *

43

* may have additional holdings in another (foreign) market
Performance
Period MARB ARB
30 Days -1.08% -0.36%
60 Days -1.16% -0.18%
90 Days -1.81% 0.85%
12 Months -0.97% 5.24%
17 Overlapping Holdings
Symbol Grade Weight in MARB Weight in ARB Overlap
ANSS B 3.85% 2.57% 2.57%
AXNX A 4.2% 1.81% 1.81%
CHX C 2.78% 2.19% 2.19%
CTLT D 3.17% 2.72% 2.72%
DFS B 4.67% 1.9% 1.9%
ENV B 2.38% 2.17% 2.17%
EVRI A 3.48% 2.13% 2.13%
HCP B 5.64% 2.72% 2.72%
HES B 3.07% 1.95% 1.95%
HTLF B 7.98% 1.15% 1.15%
JNPR D 3.65% 2.66% 2.66%
K A 3.28% 2.67% 2.67%
MGRC B 2.75% 1.07% 1.07%
MRO A 2.03% 2.76% 2.03%
RCM A 2.07% 2.73% 2.07%
SRDX B 2.29% 1.4% 1.4%
VZIO A 3.05% 1.78% 1.78%
MARB Overweight 17 Positions Relative to ARB
Symbol Grade Weight
EDR A 4.92%
ACI C 4.88%
AMED F 4.57%
NAPA A 3.99%
B A 3.78%
ESGR B 3.18%
LBPH A 2.78%
FYBR C 2.53%
IBTX B 2.21%
WSC F -1.0%
COP B -2.02%
SNPS C -2.21%
SSB B -2.22%
CVX A -3.56%
SLB C -4.15%
COF B -5.12%
UMBF B -8.33%
MARB Underweight 26 Positions Relative to ARB
Symbol Grade Weight
SPR D -2.68%
INFN D -2.27%
SRCL B -2.19%
SILK A -2.16%
PETQ A -2.14%
RVNC F -2.07%
HA A -2.02%
X C -1.85%
DO D -1.83%
ALE A -1.81%
PRFT B -1.81%
PWSC C -1.81%
INST B -1.79%
AMK B -1.78%
GTHX A -1.72%
FBMS B -1.16%
BALY A -1.14%
CHUY B -1.13%
TWKS B -1.11%
SWN C -0.94%
CALT C -0.58%
AAN B -0.56%
CNSL B -0.54%
AGS A -0.53%
HAYN A -0.53%
SRCL B -0.5%
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