ARB vs. FBT ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to First Trust Amex Biotech Index Fund (FBT)
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
$26.72
Average Daily Volume
21,777
32
FBT
First Trust Amex Biotech Index Fund
FBT Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NYSE Arca Biotechnology Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-dollar weighted index designed to measure the performance of a cross section of companies in the biotechnology industry that are primarily involved in the use of biological processes to develop products or provide services. The fund is non-diversified.Grade (RS Rating)
Last Trade
$143.65
Average Daily Volume
26,876
30
Performance
| Period | ARB | FBT |
|---|---|---|
| 30 Days | -1.67% | -7.17% |
| 60 Days | -0.47% | -5.55% |
| 90 Days | -0.12% | -4.70% |
| 12 Months | 4.12% | -5.23% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in FBT | Overlap |
|---|
ARB Overweight 32 Positions Relative to FBT
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | 3.66% | |
| HES | A | 3.57% | |
| CTLT | C | 3.52% | |
| ANSS | C | 3.4% | |
| MDC | A | 2.74% | |
| AXNX | D | 2.74% | |
| DOOR | A | 2.7% | |
| JNPR | D | 2.68% | |
| CERE | A | 2.64% | |
| EVBG | B | 2.08% | |
| VZIO | C | 2.0% | |
| KAMN | A | 1.96% | |
| DFS | A | 1.89% | |
| CPRI | F | 1.88% | |
| SWN | A | 1.86% | |
| X | D | 1.82% | |
| SP | B | 1.39% | |
| HAYN | A | 1.39% | |
| AMED | D | 1.36% | |
| OLK | C | 1.31% | |
| HA | D | 1.29% | |
| MGRC | C | 1.01% | |
| WRK | B | 0.99% | |
| EGLE | B | 0.73% | |
| TAST | A | 0.69% | |
| NWLI | A | 0.66% | |
| CNSL | C | 0.65% | |
| CSTR | A | 0.61% | |
| TGAN | B | 0.52% | |
| ONB | B | -0.13% | |
| CHRD | A | -1.89% | |
| COF | A | -2.2% |
ARB Underweight 30 Positions Relative to FBT
| Symbol | Grade | Weight | |
|---|---|---|---|
| ITCI | B | -3.77% | |
| NBIX | C | -3.49% | |
| MRNA | B | -3.44% | |
| EXEL | A | -3.43% | |
| VRTX | C | -3.43% | |
| BNTX | F | -3.43% | |
| AMGN | D | -3.43% | |
| HALO | D | -3.39% | |
| UTHR | B | -3.38% | |
| REGN | D | -3.37% | |
| BMRN | D | -3.35% | |
| RGEN | D | -3.35% | |
| ARGX | D | -3.33% | |
| ALKS | D | -3.33% | |
| ALNY | F | -3.3% | |
| BGNE | D | -3.3% | |
| MTD | C | -3.3% | |
| GILD | F | -3.3% | |
| ILMN | D | -3.29% | |
| GMAB | F | -3.28% | |
| ACAD | F | -3.28% | |
| CORT | D | -3.28% | |
| BIIB | D | -3.27% | |
| WAT | C | -3.26% | |
| CPRX | D | -3.25% | |
| NTRA | A | -3.23% | |
| INCY | F | -3.22% | |
| BRKR | D | -3.16% | |
| BEAM | F | -3.04% | |
| EXAS | F | -2.99% |
ARB: Top Represented Industries & Keywords
FBT: Top Represented Industries & Keywords
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