ARB vs. BNGE ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to First Trust S-Network Streaming and Gaming ETF (BNGE)

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

$27.94

Average Daily Volume

11,353

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BNGE

First Trust S-Network Streaming and Gaming ETF

BNGE Description

First Trust S-Network Streaming & Gaming ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in public equity markets of global region. It invests in stocks of companies operating across consumer discretionary, consumer services, hotels, restaurants and leisure, casinos and gaming, gaming operations, online gaming operations, leisure facilities, amusement and recreation services, amusement operations, parks and services, video game arcades, content streaming sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the S-Network Streaming & Gaming Index, by using full replication technique. First Trust S-Network Streaming & Gaming ETF was formed on January 25, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.96

Average Daily Volume

2,138

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	BNGE
30 Days	0.17%	9.57%
60 Days	0.43%	9.36%
90 Days	1.37%	10.41%
12 Months	5.64%	23.09%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in BNGE	Overlap
	BALY	C	1.14%	0.48%	0.48%

ARB Overweight 42 Positions Relative to BNGE

Symbol	Grade	Weight
MRO	B	2.76%
RCM	F	2.73%
CTLT	B	2.72%
HCP	B	2.72%
SPR	D	2.68%
K	A	2.67%
JNPR	F	2.66%
ANSS	B	2.57%
INFN	C	2.27%
SRCL	C	2.19%
CHX	C	2.19%
ENV	B	2.17%
SILK	F	2.16%
PETQ	D	2.14%
EVRI	A	2.13%
RVNC	F	2.07%
HA	D	2.02%
HES	B	1.95%
DFS	B	1.9%
X	C	1.85%
DO	D	1.83%
ALE	A	1.81%
PRFT	D	1.81%
PWSC	C	1.81%
AXNX	C	1.81%
INST	C	1.79%
VZIO	A	1.78%
AMK	D	1.78%
GTHX	D	1.72%
SRDX	B	1.4%
FBMS	B	1.16%
HTLF	B	1.15%
CHUY	D	1.13%
TWKS	D	1.11%
MGRC	B	1.07%
SWN	D	0.94%
CALT	D	0.58%
AAN	D	0.56%
CNSL	C	0.54%
AGS	A	0.53%
HAYN	C	0.53%
SRCL	C	0.5%

ARB Underweight 25 Positions Relative to BNGE

Symbol	Grade	Weight
SPOT	B	-5.4%
TTWO	A	-5.05%
DIS	B	-5.01%
EA	A	-4.94%
NFLX	A	-4.9%
RBLX	C	-4.84%
FLUT	A	-4.8%
YY	C	-4.44%
SONY	B	-4.14%
NTES	D	-4.08%
WBD	C	-3.95%
AMD	F	-3.61%
DKNG	B	-3.47%
GME	C	-2.01%
ROKU	D	-1.7%
TME	D	-1.7%
MGM	D	-1.6%
LNW	D	-1.57%
U	C	-0.96%
SRAD	A	-0.68%
PENN	C	-0.54%
RSI	B	-0.5%
FUBO	F	-0.49%
MOMO	D	-0.44%
IQ	F	-0.41%