ARB vs. FDRV ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Fidelity Electric Vehicles and Future Transportation ETF (FDRV)

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

$26.65

Average Daily Volume

18,840

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDRV

Fidelity Electric Vehicles and Future Transportation ETF

FDRV Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Electric Vehicles and Future Transportation Index. Normally investing at least 80% of assets in securities included in the Fidelity Electric Vehicles and Future Transportation Index and in depositary receipts representing securities included in the index. The Fidelity Electric Vehicles and Future Transportation Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum engaged in the production of electric and/or autonomous vehicles and their components, technology, or energy systems or engaged in other initiatives that aim to change the future of transportation.

Grade (RS Rating)

Last Trade

$14.00

Average Daily Volume

10,897

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	FDRV
30 Days	-1.87%	-1.21%
60 Days	-1.44%	-6.99%
90 Days	0.19%	-1.76%
12 Months	4.67%	-15.11%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in FDRV	Overlap

ARB Overweight 32 Positions Relative to FDRV

Symbol	Grade	Weight
PXD	B	3.66%
HES	B	3.57%
CTLT	C	3.52%
ANSS	F	3.4%
MDC	A	2.74%
AXNX	C	2.74%
DOOR	A	2.7%
JNPR	D	2.68%
CERE	A	2.64%
EVBG	B	2.08%
VZIO	D	2.0%
KAMN	A	1.96%
DFS	B	1.89%
CPRI	F	1.88%
SWN	B	1.86%
X	F	1.82%
SP	C	1.39%
HAYN	B	1.39%
AMED	D	1.36%
OLK	C	1.31%
HA	D	1.29%
MGRC	D	1.01%
WRK	A	0.99%
EGLE	B	0.73%
TAST	A	0.69%
NWLI	A	0.66%
CNSL	B	0.65%
CSTR	A	0.61%
TGAN	C	0.52%
ONB	A	-0.13%
CHRD	B	-1.89%
COF	B	-2.2%

ARB Underweight 32 Positions Relative to FDRV

Symbol	Grade	Weight
ADI	A	-5.09%
UBER	D	-4.26%
NXPI	B	-4.12%
TSLA	D	-4.09%
GRMN	A	-3.6%
APTV	D	-3.16%
ON	D	-2.95%
SWKS	F	-2.69%
ALB	D	-2.68%
LEA	F	-2.48%
LYFT	C	-2.27%
LSCC	F	-2.24%
ST	A	-2.2%
LI	D	-2.07%
RIVN	F	-1.96%
NIO	D	-1.95%
BE	B	-1.85%
XPEV	D	-1.81%
VC	C	-1.81%
ADNT	D	-1.65%
DIOD	B	-1.65%
SYNA	D	-1.49%
LCID	F	-1.34%
ALGM	B	-1.32%
SITM	D	-1.19%
PLUG	F	-1.06%
BLBD	C	-1.05%
NKLA	F	-0.95%
INDI	F	-0.89%
CHPT	F	-0.66%
LAZR	F	-0.65%
PSNY	F	-0.57%