PEJ vs. ARB ETF Comparison
Comparison of PowerShares Dynamic Leisure & Entertainment Portfolio (PEJ) to AltShares Merger Arbitrage ETF (ARB)
PEJ
PowerShares Dynamic Leisure & Entertainment Portfolio
PEJ Description
The PowerShares Dynamic Leisure and Entertainment Portfolio (Fund) is based on the Dynamic Leisure & Entertainment IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US leisure and entertainment companies. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$49.52
Average Daily Volume
42,319
25
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
$27.95
Average Daily Volume
8,778
44
Performance
| Period | PEJ | ARB |
|---|---|---|
| 30 Days | 4.49% | 0.67% |
| 60 Days | 7.24% | 1.19% |
| 90 Days | 14.76% | 2.09% |
| 12 Months | 35.75% | 6.56% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PEJ | Weight in ARB | Overlap |
|---|
PEJ Overweight 25 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| LYV | A | 5.71% | |
| RCL | B | 5.69% | |
| BKNG | A | 5.29% | |
| HLT | A | 5.1% | |
| FOXA | A | 4.81% | |
| SYY | D | 4.62% | |
| WBD | C | 4.39% | |
| EAT | A | 3.39% | |
| SKYW | A | 3.17% | |
| EXPE | B | 2.94% | |
| TXRH | A | 2.76% | |
| ARMK | B | 2.75% | |
| MMYT | A | 2.74% | |
| MCRI | A | 2.73% | |
| TRIP | C | 2.7% | |
| MSGS | A | 2.68% | |
| USFD | B | 2.67% | |
| H | D | 2.65% | |
| CHDN | B | 2.63% | |
| CNK | A | 2.58% | |
| ACEL | D | 2.49% | |
| LTH | D | 2.46% | |
| RRR | F | 2.36% | |
| WING | F | 2.28% | |
| LGF.A | C | 2.26% |
PEJ Underweight 44 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MRO | C | -2.76% | |
| RCM | A | -2.73% | |
| CTLT | D | -2.72% | |
| HCP | A | -2.72% | |
| SPR | C | -2.68% | |
| K | A | -2.67% | |
| JNPR | A | -2.66% | |
| ANSS | C | -2.57% | |
| INFN | B | -2.27% | |
| SRCL | A | -2.19% | |
| CHX | F | -2.19% | |
| ENV | A | -2.17% | |
| SILK | A | -2.16% | |
| PETQ | A | -2.14% | |
| EVRI | A | -2.13% | |
| RVNC | C | -2.07% | |
| HA | A | -2.02% | |
| HES | B | -1.95% | |
| DFS | A | -1.9% | |
| X | C | -1.85% | |
| DO | D | -1.83% | |
| ALE | A | -1.81% | |
| PRFT | A | -1.81% | |
| PWSC | C | -1.81% | |
| AXNX | A | -1.81% | |
| INST | A | -1.79% | |
| VZIO | C | -1.78% | |
| AMK | B | -1.78% | |
| GTHX | A | -1.72% | |
| SRDX | D | -1.4% | |
| FBMS | B | -1.16% | |
| HTLF | A | -1.15% | |
| BALY | A | -1.14% | |
| CHUY | B | -1.13% | |
| TWKS | A | -1.11% | |
| MGRC | A | -1.07% | |
| ITI | A | -1.07% | |
| SWN | C | -0.94% | |
| CALT | C | -0.58% | |
| AAN | B | -0.56% | |
| CNSL | A | -0.54% | |
| AGS | A | -0.53% | |
| HAYN | A | -0.53% | |
| SRCL | A | -0.5% |
PEJ: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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