XES vs. ARB ETF Comparison
Comparison of SPDR S&P Oil & Gas Equipment & Services ETF (XES) to AltShares Merger Arbitrage ETF (ARB)
XES
SPDR S&P Oil & Gas Equipment & Services ETF
XES Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas equipment and services segment of a U.S. total market composite index. In seeking to track the performance of the S&P Oil & Gas Equipment & Services Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas equipment and services industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$78.97
Average Daily Volume
44,835
28
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
$27.60
Average Daily Volume
12,937
47
Performance
| Period | XES | ARB |
|---|---|---|
| 30 Days | -6.75% | 1.05% |
| 60 Days | -11.19% | 2.11% |
| 90 Days | -8.76% | 2.60% |
| 12 Months | -17.48% | 5.77% |
1 Overlapping Holdings
| Symbol | Grade | Weight in XES | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| CHX | D | 4.88% | 2.56% | 2.56% |
XES Overweight 27 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| BKR | D | 5.48% | |
| FTI | D | 5.25% | |
| WHD | C | 4.94% | |
| AROC | D | 4.87% | |
| NOV | F | 4.82% | |
| SLB | F | 4.81% | |
| LBRT | D | 4.73% | |
| HP | F | 4.73% | |
| HAL | F | 4.47% | |
| WFRD | F | 4.3% | |
| PTEN | F | 4.3% | |
| TDW | F | 4.11% | |
| RIG | F | 4.01% | |
| VAL | F | 3.92% | |
| OII | C | 3.7% | |
| HLX | D | 2.86% | |
| AESI | B | 2.82% | |
| XPRO | F | 2.23% | |
| WTTR | C | 1.96% | |
| NBR | F | 1.91% | |
| PUMP | F | 1.87% | |
| RES | F | 1.46% | |
| CLB | F | 1.07% | |
| DRQ | F | 0.86% | |
| TTI | F | 0.86% | |
| NR | D | 0.74% | |
| VTOL | C | 0.65% |
XES Underweight 46 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| AIRC | A | -3.34% | |
| HCP | B | -3.33% | |
| HES | F | -3.31% | |
| DCPH | A | -3.21% | |
| ANSS | D | -3.06% | |
| WIRE | A | -2.76% | |
| HIBB | A | -2.69% | |
| PRFT | A | -2.69% | |
| EDR | A | -2.67% | |
| ETRN | D | -2.51% | |
| JNPR | A | -2.31% | |
| CTLT | A | -2.24% | |
| ALE | A | -2.09% | |
| AXNX | A | -2.09% | |
| VZIO | A | -1.99% | |
| EVBG | B | -1.98% | |
| X | F | -1.89% | |
| CERE | A | -1.88% | |
| HTLF | B | -1.88% | |
| SWN | F | -1.85% | |
| AMK | B | -1.83% | |
| DFS | C | -1.77% | |
| CPRI | C | -1.75% | |
| MODN | B | -1.51% | |
| AMED | B | -1.45% | |
| MGRC | D | -1.36% | |
| AGS | D | -1.32% | |
| HAYN | A | -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% | |
| SNPO | B | -0.6% | |
| SRCL | A | -0.6% | |
| CNSL | A | -0.57% | |
| TGAN | B | -0.28% | |
| CRGY | D | --0.49% | |
| UMBF | B | --0.59% | |
| SSB | B | --0.68% | |
| SNPS | D | --1.86% | |
| CHK | F | --1.94% | |
| CHRD | F | --2.18% | |
| EQT | D | --2.53% |
XES: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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