XTL vs. ARB ETF Comparison
Comparison of SPDR S&P Telecom ETF (XTL) to AltShares Merger Arbitrage ETF (ARB)
XTL
SPDR S&P Telecom ETF
XTL 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 telecommunications segment of a U.S. total market composite index. In seeking to track the performance of the S&P Telecom Select Industry Index (the "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 telecommunications industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$77.94
Average Daily Volume
4,560
37
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
$27.00
Average Daily Volume
15,069
30
Performance
| Period | XTL | ARB |
|---|---|---|
| 30 Days | 1.28% | 0.33% |
| 60 Days | 12.20% | 0.90% |
| 90 Days | 9.00% | -0.20% |
| 12 Months | 1.04% | 6.20% |
1 Overlapping Holdings
| Symbol | Grade | Weight in XTL | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| JNPR | B | 4.55% | 2.68% | 2.68% |
XTL Overweight 36 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| T | B | 4.8% | |
| VZ | B | 4.71% | |
| MSI | B | 4.7% | |
| CSCO | D | 4.7% | |
| TMUS | B | 4.59% | |
| CIEN | F | 4.58% | |
| LITE | B | 4.57% | |
| FFIV | D | 4.57% | |
| ANET | A | 4.55% | |
| FYBR | B | 4.54% | |
| CCOI | D | 4.45% | |
| IRDM | F | 4.31% | |
| CALX | C | 3.85% | |
| EXTR | D | 3.57% | |
| VSAT | F | 2.87% | |
| INFN | B | 2.48% | |
| HLIT | B | 2.42% | |
| TDS | B | 2.19% | |
| LUMN | F | 2.11% | |
| VIAV | D | 1.96% | |
| NTCT | D | 1.53% | |
| LILAK | B | 1.44% | |
| UI | B | 1.41% | |
| NPAB | C | 1.3% | |
| USM | B | 1.2% | |
| GOGO | D | 1.14% | |
| CLFD | C | 0.9% | |
| AAOI | F | 0.79% | |
| BAND | D | 0.75% | |
| DGII | D | 0.73% | |
| GSAT | D | 0.64% | |
| ATEX | B | 0.48% | |
| SHEN | D | 0.47% | |
| NTGR | C | 0.45% | |
| AVNW | F | 0.41% | |
| IDT | C | 0.4% |
XTL Underweight 29 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | -3.66% | |
| HES | C | -3.57% | |
| CTLT | B | -3.52% | |
| ANSS | C | -3.4% | |
| MDC | A | -2.74% | |
| AXNX | B | -2.74% | |
| DOOR | A | -2.7% | |
| CERE | D | -2.64% | |
| EVBG | B | -2.08% | |
| VZIO | B | -2.0% | |
| KAMN | A | -1.96% | |
| DFS | A | -1.89% | |
| CPRI | D | -1.88% | |
| SWN | C | -1.86% | |
| X | D | -1.82% | |
| HAYN | C | -1.39% | |
| AMED | A | -1.36% | |
| OLK | A | -1.31% | |
| HA | D | -1.29% | |
| MGRC | F | -1.01% | |
| WRK | D | -0.99% | |
| EGLE | B | -0.73% | |
| NWLI | A | -0.66% | |
| CNSL | B | -0.65% | |
| CSTR | A | -0.61% | |
| TGAN | B | -0.52% | |
| ONB | B | --0.13% | |
| CHRD | C | --1.89% | |
| COF | C | --2.2% |
XTL: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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