NXTG vs. ARB ETF Comparison
Comparison of First Trust IndXX NextG ETF (NXTG) to AltShares Merger Arbitrage ETF (ARB)
NXTG
First Trust IndXX NextG ETF
NXTG Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Indxx 5G & NextG Thematic Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies that have devoted, or have committed to devote, material resources to the research, development and application of fifth generation ("5G") and next generation digital cellular technologies as they emerge.
Grade (RS Rating)
Last Trade
$84.50
Average Daily Volume
5,712
41
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
$27.91
Average Daily Volume
11,089
43
Performance
| Period | NXTG | ARB |
|---|---|---|
| 30 Days | -2.72% | 0.04% |
| 60 Days | -1.93% | 0.20% |
| 90 Days | -1.04% | 1.26% |
| 12 Months | 19.81% | 5.53% |
1 Overlapping Holdings
| Symbol | Grade | Weight in NXTG | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| JNPR | D | 1.3% | 2.66% | 1.3% |
NXTG Overweight 40 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| FFIV | B | 1.74% | |
| CIEN | C | 1.72% | |
| MSI | B | 1.57% | |
| CSCO | B | 1.53% | |
| MRVL | B | 1.49% | |
| IBM | C | 1.49% | |
| ANET | C | 1.49% | |
| WIT | B | 1.47% | |
| INFY | C | 1.47% | |
| DLR | B | 1.44% | |
| NOK | D | 1.42% | |
| EQIX | A | 1.42% | |
| NVDA | B | 1.41% | |
| AVGO | D | 1.37% | |
| DOX | D | 1.35% | |
| KEYS | A | 1.34% | |
| SBAC | D | 1.34% | |
| SONY | B | 1.32% | |
| TSM | B | 1.31% | |
| AAPL | C | 1.29% | |
| CCI | C | 1.24% | |
| HPE | B | 1.23% | |
| AMT | C | 1.21% | |
| ADI | D | 1.07% | |
| AMD | F | 1.04% | |
| SWKS | F | 0.99% | |
| INTC | C | 0.98% | |
| UMC | F | 0.98% | |
| NXPI | D | 0.95% | |
| QCOM | F | 0.92% | |
| MU | D | 0.85% | |
| MCHP | F | 0.84% | |
| TMUS | B | 0.73% | |
| QRVO | F | 0.73% | |
| T | A | 0.68% | |
| KT | A | 0.61% | |
| SKM | C | 0.58% | |
| VIV | F | 0.58% | |
| VZ | C | 0.55% | |
| CHT | C | 0.51% |
NXTG Underweight 42 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MRO | B | -2.76% | |
| RCM | A | -2.73% | |
| CTLT | C | -2.72% | |
| HCP | B | -2.72% | |
| SPR | D | -2.68% | |
| K | A | -2.67% | |
| ANSS | B | -2.57% | |
| INFN | D | -2.27% | |
| SRCL | B | -2.19% | |
| CHX | C | -2.19% | |
| ENV | B | -2.17% | |
| SILK | A | -2.16% | |
| PETQ | A | -2.14% | |
| EVRI | A | -2.13% | |
| RVNC | F | -2.07% | |
| HA | A | -2.02% | |
| HES | B | -1.95% | |
| DFS | B | -1.9% | |
| X | B | -1.85% | |
| DO | D | -1.83% | |
| ALE | A | -1.81% | |
| PRFT | B | -1.81% | |
| PWSC | C | -1.81% | |
| AXNX | A | -1.81% | |
| INST | B | -1.79% | |
| VZIO | A | -1.78% | |
| AMK | B | -1.78% | |
| GTHX | A | -1.72% | |
| SRDX | B | -1.4% | |
| FBMS | B | -1.16% | |
| HTLF | B | -1.15% | |
| BALY | B | -1.14% | |
| CHUY | B | -1.13% | |
| TWKS | B | -1.11% | |
| MGRC | B | -1.07% | |
| SWN | C | -0.94% | |
| CALT | C | -0.58% | |
| AAN | B | -0.56% | |
| CNSL | C | -0.54% | |
| AGS | A | -0.53% | |
| HAYN | A | -0.53% | |
| SRCL | B | -0.5% |
NXTG: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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