PYZ vs. ARB ETF Comparison
Comparison of PowerShares Dynamic Basic Materials (PYZ) to AltShares Merger Arbitrage ETF (ARB)
PYZ
PowerShares Dynamic Basic Materials
PYZ Description
The PowerShares Dynamic Basic Materials Sector Portfolio (Fund) is based on the Dynamic Basic Materials 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 stocks of 60 US basic materials companies. These are companies that are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$94.59
Average Daily Volume
2,507
47
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
$27.79
Average Daily Volume
10,699
40
Performance
| Period | PYZ | ARB |
|---|---|---|
| 30 Days | 8.46% | 1.05% |
| 60 Days | 11.36% | 2.03% |
| 90 Days | 8.78% | 2.88% |
| 12 Months | 25.44% | 5.90% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PYZ | Weight in ARB | Overlap |
|---|
PYZ Overweight 47 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| LPX | C | 4.48% | |
| STLD | C | 4.23% | |
| RS | D | 3.95% | |
| AVY | D | 3.95% | |
| LIN | C | 3.81% | |
| CRS | B | 3.53% | |
| APD | C | 3.38% | |
| FCX | B | 3.2% | |
| AA | B | 2.98% | |
| EMN | C | 2.84% | |
| ATI | C | 2.82% | |
| NUE | D | 2.55% | |
| CF | A | 2.55% | |
| SLVM | C | 2.53% | |
| CDE | C | 2.51% | |
| RPM | A | 2.37% | |
| NEM | C | 2.19% | |
| CBT | B | 2.06% | |
| HL | C | 2.04% | |
| WLK | C | 2.01% | |
| SMG | C | 1.96% | |
| CENX | C | 1.95% | |
| CTVA | A | 1.94% | |
| PCT | C | 1.88% | |
| IFF | D | 1.87% | |
| ECL | C | 1.84% | |
| IP | C | 1.84% | |
| SUM | F | 1.8% | |
| LYB | B | 1.79% | |
| HWKN | B | 1.69% | |
| ESI | C | 1.68% | |
| RGLD | C | 1.67% | |
| DOW | B | 1.64% | |
| VVV | D | 1.62% | |
| OLN | D | 1.55% | |
| AVNT | C | 1.52% | |
| CMC | D | 1.46% | |
| UEC | C | 1.46% | |
| NEU | F | 1.32% | |
| FUL | F | 1.15% | |
| MTX | C | 1.0% | |
| IOSP | F | 1.0% | |
| MTRN | F | 0.97% | |
| SXC | F | 0.95% | |
| KALU | D | 0.88% | |
| WOR | F | 0.77% | |
| CLW | F | 0.63% |
PYZ Underweight 40 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| HCP | A | -3.33% | |
| HES | D | -3.31% | |
| ANSS | D | -3.06% | |
| HIBB | A | -2.69% | |
| PRFT | A | -2.69% | |
| EDR | A | -2.67% | |
| CHX | C | -2.56% | |
| ETRN | D | -2.51% | |
| JNPR | C | -2.31% | |
| CTLT | A | -2.24% | |
| ALE | A | -2.09% | |
| AXNX | A | -2.09% | |
| VZIO | A | -1.99% | |
| X | F | -1.89% | |
| CERE | A | -1.88% | |
| HTLF | B | -1.88% | |
| SWN | D | -1.85% | |
| AMK | B | -1.83% | |
| DFS | A | -1.77% | |
| CPRI | C | -1.75% | |
| AMED | D | -1.45% | |
| MGRC | D | -1.36% | |
| AGS | A | -1.32% | |
| HAYN | B | -1.31% | |
| NWLI | A | -1.28% | |
| HA | B | -1.23% | |
| WRK | C | -0.94% | |
| SBOW | D | -0.82% | |
| OSG | A | -0.67% | |
| IBTX | B | -0.67% | |
| OLK | A | -0.62% | |
| SRCL | B | -0.6% | |
| CNSL | A | -0.57% | |
| CRGY | B | --0.49% | |
| UMBF | C | --0.59% | |
| SSB | C | --0.68% | |
| SNPS | F | --1.86% | |
| CHK | C | --1.94% | |
| CHRD | F | --2.18% | |
| EQT | C | --2.53% |
PYZ: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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