PFI vs. ARB ETF Comparison
Comparison of PowerShares Dynamic Financial (PFI) to AltShares Merger Arbitrage ETF (ARB)
PFI
PowerShares Dynamic Financial
PFI Description
The PowerShares Dynamic Financial Sector Portfolio (Fund) is based on the Dynamic Financial Sector 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 thoroughly evaluates 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 60 US financial services companies. These are companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$48.93
Average Daily Volume
2,063
43
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
$27.01
Average Daily Volume
14,985
29
Performance
| Period | PFI | ARB |
|---|---|---|
| 30 Days | 0.14% | 0.27% |
| 60 Days | 2.00% | 0.81% |
| 90 Days | 1.40% | -0.25% |
| 12 Months | 20.92% | 5.84% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PFI | Weight in ARB | Overlap |
|---|
PFI Overweight 43 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MA | C | 5.26% | |
| ARES | C | 4.63% | |
| JPM | B | 4.17% | |
| KNSL | F | 4.14% | |
| APO | B | 4.13% | |
| KKR | C | 3.28% | |
| V | C | 3.27% | |
| AJG | A | 3.11% | |
| COOP | D | 2.97% | |
| COIN | C | 2.88% | |
| FCNCA | C | 2.69% | |
| BRO | B | 2.62% | |
| MMC | B | 2.53% | |
| AXP | C | 2.46% | |
| HOOD | B | 2.37% | |
| PGR | B | 2.04% | |
| SPG | C | 1.89% | |
| AIG | D | 1.83% | |
| PRI | C | 1.81% | |
| CB | C | 1.76% | |
| PIPR | A | 1.74% | |
| JXN | C | 1.73% | |
| HLI | A | 1.71% | |
| RHP | D | 1.53% | |
| EVR | A | 1.51% | |
| VCTR | D | 1.44% | |
| SLG | B | 1.4% | |
| BGC | C | 1.39% | |
| RGA | C | 1.38% | |
| SFBS | C | 1.36% | |
| OMF | D | 1.35% | |
| AGO | D | 1.34% | |
| MTG | B | 1.34% | |
| ORI | D | 1.32% | |
| DFIN | D | 1.3% | |
| RYAN | B | 1.29% | |
| AGM | B | 1.24% | |
| ERIE | C | 1.21% | |
| OFG | B | 1.19% | |
| TREE | C | 1.17% | |
| SKT | D | 1.17% | |
| ENVA | B | 1.1% | |
| HCI | F | 0.96% |
PFI Underweight 29 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | -3.66% | |
| HES | D | -3.57% | |
| CTLT | B | -3.52% | |
| ANSS | C | -3.4% | |
| MDC | A | -2.74% | |
| AXNX | B | -2.74% | |
| DOOR | A | -2.7% | |
| JNPR | B | -2.68% | |
| CERE | C | -2.64% | |
| EVBG | B | -2.08% | |
| VZIO | B | -2.0% | |
| KAMN | A | -1.96% | |
| DFS | B | -1.89% | |
| CPRI | D | -1.88% | |
| SWN | D | -1.86% | |
| X | C | -1.82% | |
| HAYN | C | -1.39% | |
| AMED | A | -1.36% | |
| OLK | A | -1.31% | |
| HA | C | -1.29% | |
| MGRC | D | -1.01% | |
| WRK | C | -0.99% | |
| EGLE | B | -0.73% | |
| NWLI | A | -0.66% | |
| CNSL | B | -0.65% | |
| TGAN | B | -0.52% | |
| ONB | B | --0.13% | |
| CHRD | C | --1.89% | |
| COF | D | --2.2% |
PFI: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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