ARB vs. FMET ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to Fidelity Metaverse ETF (FMET)
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
$27.81
Average Daily Volume
11,426
43
FMET
Fidelity Metaverse ETF
FMET Description
The fund normally invests at least 80% of assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse. The fund is non-diversified.Grade (RS Rating)
Last Trade
$29.25
Average Daily Volume
5,254
36
Performance
| Period | ARB | FMET |
|---|---|---|
| 30 Days | -0.39% | -2.50% |
| 60 Days | 0.23% | 0.95% |
| 90 Days | 1.02% | 0.11% |
| 12 Months | 5.71% | 10.74% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in FMET | Overlap | |
|---|---|---|---|---|---|
| TWKS | B | 1.11% | 0.54% | 0.54% |
ARB Overweight 42 Positions Relative to FMET
| Symbol | Grade | Weight | |
|---|---|---|---|
| MRO | A | 2.76% | |
| RCM | A | 2.73% | |
| CTLT | C | 2.72% | |
| HCP | B | 2.72% | |
| SPR | D | 2.68% | |
| K | B | 2.67% | |
| JNPR | D | 2.66% | |
| ANSS | B | 2.57% | |
| INFN | C | 2.27% | |
| SRCL | B | 2.19% | |
| CHX | C | 2.19% | |
| ENV | B | 2.17% | |
| SILK | A | 2.16% | |
| PETQ | A | 2.14% | |
| EVRI | A | 2.13% | |
| RVNC | F | 2.07% | |
| HA | A | 2.02% | |
| HES | B | 1.95% | |
| DFS | A | 1.9% | |
| X | D | 1.85% | |
| DO | D | 1.83% | |
| ALE | A | 1.81% | |
| PRFT | A | 1.81% | |
| PWSC | C | 1.81% | |
| AXNX | A | 1.81% | |
| INST | B | 1.79% | |
| VZIO | A | 1.78% | |
| AMK | B | 1.78% | |
| GTHX | A | 1.72% | |
| SRDX | C | 1.4% | |
| FBMS | A | 1.16% | |
| HTLF | A | 1.15% | |
| BALY | A | 1.14% | |
| CHUY | B | 1.13% | |
| MGRC | B | 1.07% | |
| SWN | C | 0.94% | |
| CALT | C | 0.58% | |
| AAN | B | 0.56% | |
| CNSL | A | 0.54% | |
| AGS | A | 0.53% | |
| HAYN | A | 0.53% | |
| SRCL | B | 0.5% |
ARB Underweight 35 Positions Relative to FMET
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | B | -5.75% | |
| META | C | -4.77% | |
| GOOGL | B | -4.73% | |
| AMD | F | -4.56% | |
| MSFT | D | -4.32% | |
| AAPL | C | -4.27% | |
| QCOM | F | -4.19% | |
| INTC | C | -4.16% | |
| ADBE | F | -3.9% | |
| EQIX | B | -3.38% | |
| ADSK | B | -3.24% | |
| DLR | A | -3.13% | |
| EA | A | -2.51% | |
| RBLX | B | -2.37% | |
| TTWO | A | -2.34% | |
| PTC | B | -2.2% | |
| SNAP | D | -2.0% | |
| PINS | F | -1.77% | |
| GLOB | C | -1.68% | |
| BSY | D | -1.59% | |
| ALTR | B | -1.45% | |
| U | F | -1.37% | |
| SMCI | F | -1.15% | |
| CRUS | F | -1.04% | |
| AMBA | B | -1.03% | |
| FSLY | D | -0.83% | |
| EXPI | C | -0.82% | |
| MOMO | D | -0.72% | |
| BMBL | C | -0.71% | |
| WB | F | -0.7% | |
| VNET | D | -0.69% | |
| HIMX | F | -0.67% | |
| DAVA | C | -0.66% | |
| PLTK | A | -0.64% | |
| HEAR | C | -0.52% |
ARB: Top Represented Industries & Keywords
FMET: Top Represented Industries & Keywords
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