MARB vs. LBAY ETF Comparison
Comparison of First Trust Merger Arbitrage ETF (MARB) to Leatherback Long/Short Alternative Yield ETF (LBAY)
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
$19.84
Average Daily Volume
6,659
30
LBAY
Leatherback Long/Short Alternative Yield ETF
LBAY Description
The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. It is non-diversified.Grade (RS Rating)
Last Trade
$27.65
Average Daily Volume
2,601
56
Performance
Period | MARB | LBAY |
---|---|---|
30 Days | -1.38% | -0.70% |
60 Days | -0.64% | 2.12% |
90 Days | 0.72% | 7.84% |
12 Months | -0.66% | 10.49% |
0 Overlapping Holdings
Symbol | Grade | Weight in MARB | Weight in LBAY | Overlap |
---|
MARB Overweight 30 Positions Relative to LBAY
Symbol | Grade | Weight | |
---|---|---|---|
HTLF | C | 6.3% | |
HCP | B | 5.53% | |
AMED | D | 4.82% | |
EDR | A | 4.74% | |
ACI | F | 4.56% | |
AXNX | A | 4.09% | |
JNPR | B | 3.63% | |
ANSS | D | 3.46% | |
DFS | C | 3.46% | |
CTLT | A | 3.18% | |
VZIO | A | 3.02% | |
HES | D | 2.72% | |
SRCL | B | 2.59% | |
PRFT | A | 2.53% | |
CHX | D | 2.48% | |
MGRC | D | 2.42% | |
SRDX | D | 2.25% | |
PWSC | C | 2.0% | |
IBTX | D | 1.84% | |
MRO | D | 1.77% | |
CPRI | B | 1.59% | |
EQT | B | -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 | C | -3.86% | |
UMBF | C | -6.56% |
MARB Underweight 56 Positions Relative to LBAY
Symbol | Grade | Weight | |
---|---|---|---|
NEM | C | -4.99% | |
BG | F | -4.81% | |
XOM | A | -4.78% | |
ORI | B | -4.75% | |
MMM | C | -4.7% | |
FIS | C | -4.61% | |
LW | D | -4.4% | |
AGNC | C | -4.24% | |
MO | D | -4.12% | |
CMCSA | B | -4.07% | |
ZBH | F | -4.05% | |
MDT | B | -4.03% | |
ICE | A | -4.02% | |
VTRS | D | -4.01% | |
AWK | B | -3.61% | |
ABBV | A | -3.58% | |
RIO | A | -3.52% | |
UNP | D | -3.43% | |
EBAY | A | -3.32% | |
V | C | -3.26% | |
PKG | C | -3.25% | |
APD | C | -3.2% | |
LHX | A | -3.08% | |
MTN | D | -3.08% | |
T | A | -3.03% | |
CARR | A | -2.97% | |
PCH | C | -2.91% | |
SPGI | C | -2.84% | |
MSCI | B | -2.79% | |
BKNG | C | -2.72% | |
DE | A | -2.7% | |
KDP | C | -2.62% | |
KO | C | -2.56% | |
SOLV | C | -2.09% | |
EVR | C | --1.19% | |
SITE | D | --1.25% | |
BURL | D | --1.25% | |
DKS | D | --1.27% | |
FIX | A | --1.28% | |
SHOP | C | --1.3% | |
EQIX | B | --1.31% | |
DLR | C | --1.33% | |
TXRH | A | --1.41% | |
AVGO | C | --1.49% | |
CMG | C | --1.52% | |
DUOL | B | --1.59% | |
SQ | D | --1.63% | |
VRT | B | --1.7% | |
KKR | A | --1.71% | |
OLLI | C | --1.78% | |
SF | A | --1.79% | |
CVNA | A | --1.8% | |
PLNT | B | --1.9% | |
RCL | C | --2.0% | |
TSLA | C | --2.08% | |
DASH | A | --2.13% |
MARB: Top Represented Industries & Keywords
LBAY: Top Represented Industries & Keywords