PSCM vs. ARB ETF Comparison
Comparison of PowerShares S&P SmallCap Materials Portfolio (PSCM) to AltShares Merger Arbitrage ETF (ARB)
PSCM
PowerShares S&P SmallCap Materials Portfolio
PSCM Description
The PowerShares S&P SmallCap Materials Portfolio (Fund) is based on the S&P SmallCap 600® Capped Materials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.
Grade (RS Rating)
Last Trade
$83.24
Average Daily Volume
1,030
29
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 | PSCM | ARB |
|---|---|---|
| 30 Days | 7.42% | 0.04% |
| 60 Days | 7.43% | 0.20% |
| 90 Days | 6.44% | 1.26% |
| 12 Months | 29.15% | 5.53% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PSCM | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| HAYN | A | 1.03% | 0.53% | 0.53% |
PSCM Overweight 28 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| CRS | B | 11.9% | |
| ATI | C | 9.4% | |
| BCPC | B | 7.64% | |
| SEE | C | 6.77% | |
| FUL | F | 5.4% | |
| HCC | B | 4.67% | |
| SXT | C | 4.27% | |
| ARCH | B | 4.0% | |
| SLVM | B | 3.92% | |
| IOSP | C | 3.88% | |
| AMR | C | 3.53% | |
| MTX | B | 3.44% | |
| HWKN | B | 3.15% | |
| MTRN | C | 3.13% | |
| KWR | C | 3.07% | |
| MP | C | 2.99% | |
| OI | C | 2.58% | |
| NGVT | B | 2.23% | |
| SCL | C | 2.12% | |
| WS | B | 2.0% | |
| KALU | C | 1.69% | |
| CENX | B | 1.53% | |
| SXC | A | 1.39% | |
| KOP | C | 1.06% | |
| ASIX | B | 1.05% | |
| MATV | D | 0.9% | |
| MTUS | C | 0.73% | |
| MYE | F | 0.55% |
PSCM 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% | |
| JNPR | D | -2.66% | |
| 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 | A | -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% | |
| SRCL | B | -0.5% |
PSCM: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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