ARB vs. IBB ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to iShares Nasdaq Biotechnology Index Fund (IBB)
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
$26.76
Average Daily Volume
22,325
Number of Holdings
*
32
* may have additional holdings in another (foreign) market
IBB
iShares Nasdaq Biotechnology Index Fund
IBB Description
The investment seeks to track the investment results of an index composed of biotechnology and pharmaceutical equities listed on the NASDAQ. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index contains securities of NASDAQ® listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals and that also meet other eligibility criteria determined by The NASDAQ OMX Group, Inc. The fund is non-diversified.Grade (RS Rating)
Last Trade
$132.96
Average Daily Volume
1,715,619
Number of Holdings
*
214
* may have additional holdings in another (foreign) market
Performance
| Period | ARB | IBB |
|---|---|---|
| 30 Days | -1.73% | -0.43% |
| 60 Days | -1.22% | -4.01% |
| 90 Days | 0.61% | -1.22% |
| 12 Months | 6.17% | 2.27% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in IBB | Overlap | |
|---|---|---|---|---|---|
| OLK | D | 1.31% | 0.26% | 0.26% |
ARB Overweight 31 Positions Relative to IBB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | 3.66% | |
| HES | B | 3.57% | |
| CTLT | C | 3.52% | |
| ANSS | D | 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 | C | 1.86% | |
| X | F | 1.82% | |
| SP | B | 1.39% | |
| HAYN | C | 1.39% | |
| AMED | D | 1.36% | |
| 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 | C | 0.65% | |
| CSTR | A | 0.61% | |
| TGAN | A | 0.52% | |
| ONB | A | -0.13% | |
| CHRD | B | -1.89% | |
| COF | B | -2.2% |
ARB Underweight 213 Positions Relative to IBB
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | A | -8.68% | |
| VRTX | D | -8.34% | |
| REGN | B | -8.14% | |
| GILD | F | -7.99% | |
| IQV | D | -4.51% | |
| MRNA | B | -3.83% | |
| BIIB | D | -3.14% | |
| MTD | D | -2.8% | |
| ILMN | F | -2.06% | |
| ARGX | D | -1.99% | |
| WAT | D | -1.96% | |
| ALNY | D | -1.94% | |
| BNTX | D | -1.93% | |
| GMAB | D | -1.66% | |
| BMRN | F | -1.63% | |
| NBIX | A | -1.43% | |
| BGNE | D | -1.29% | |
| CRL | D | -1.23% | |
| INCY | D | -1.22% | |
| SRPT | B | -1.21% | |
| UTHR | A | -1.1% | |
| NTRA | A | -1.08% | |
| TECH | C | -1.05% | |
| MEDP | D | -1.03% | |
| RGEN | D | -0.93% | |
| BRKR | F | -0.78% | |
| EXEL | D | -0.75% | |
| ITCI | C | -0.73% | |
| LEGN | F | -0.73% | |
| ASND | D | -0.71% | |
| CYTK | D | -0.69% | |
| PCVX | D | -0.66% | |
| IONS | F | -0.6% | |
| BPMC | A | -0.59% | |
| ROIV | B | -0.56% | |
| RVMD | A | -0.52% | |
| HALO | D | -0.52% | |
| APLS | F | -0.51% | |
| CRSP | F | -0.46% | |
| ALKS | F | -0.43% | |
| INSM | D | -0.39% | |
| KRYS | D | -0.39% | |
| RARE | D | -0.36% | |
| MDGL | D | -0.34% | |
| BBIO | F | -0.34% | |
| FTRE | C | -0.34% | |
| CRNX | A | -0.32% | |
| XENE | C | -0.31% | |
| ALPN | A | -0.31% | |
| FOLD | F | -0.31% | |
| SWTX | D | -0.3% | |
| AXSM | C | -0.3% | |
| ACAD | F | -0.29% | |
| TXG | F | -0.28% | |
| BHVN | D | -0.28% | |
| IOVA | D | -0.27% | |
| IDYA | D | -0.27% | |
| ARWR | F | -0.27% | |
| IMCR | D | -0.26% | |
| MOR | C | -0.25% | |
| VCEL | C | -0.23% | |
| NUVL | D | -0.22% | |
| ACLX | D | -0.21% | |
| MRUS | C | -0.21% | |
| RYTM | C | -0.21% | |
| RCKT | D | -0.2% | |
| PTCT | B | -0.2% | |
| NTLA | F | -0.2% | |
| TWST | B | -0.19% | |
| AGIO | A | -0.19% | |
| ARVN | D | -0.19% | |
| KYMR | D | -0.19% | |
| SNDX | D | -0.18% | |
| DNLI | F | -0.18% | |
| IMVT | F | -0.18% | |
| RNA | A | -0.18% | |
| MYGN | D | -0.17% | |
| GLPG | F | -0.17% | |
| GERN | B | -0.17% | |
| KROS | D | -0.16% | |
| DVAX | D | -0.16% | |
| VCYT | D | -0.16% | |
| BEAM | F | -0.16% | |
| JANX | A | -0.16% | |
| PTGX | D | -0.15% | |
| GRFS | F | -0.15% | |
| ADMA | A | -0.15% | |
| ZLAB | F | -0.14% | |
| VERA | C | -0.14% | |
| NVCR | D | -0.13% | |
| DYN | D | -0.13% | |
| FUSN | A | -0.13% | |
| GPCR | F | -0.13% | |
| INBX | D | -0.13% | |
| KURA | D | -0.13% | |
| IRWD | F | -0.13% | |
| MORF | F | -0.12% | |
| MNKD | D | -0.12% | |
| AKRO | F | -0.12% | |
| XNCR | C | -0.12% | |
| RXRX | F | -0.12% | |
| LGND | D | -0.12% | |
| APGE | D | -0.11% | |
| FDMT | D | -0.11% | |
| DNA | F | -0.11% | |
| MIRM | D | -0.1% | |
| SANA | C | -0.1% | |
| PRTA | F | -0.1% | |
| EWTX | B | -0.1% | |
| STVN | F | -0.1% | |
| MRVI | C | -0.09% | |
| TARS | C | -0.09% | |
| BCRX | F | -0.09% | |
| MGNX | D | -0.09% | |
| ARQT | D | -0.09% | |
| ZNTL | F | -0.08% | |
| VRNA | D | -0.08% | |
| RGNX | F | -0.08% | |
| BCYC | C | -0.08% | |
| ABCL | F | -0.08% | |
| SRRK | C | -0.08% | |
| DAWN | A | -0.08% | |
| AUPH | F | -0.07% | |
| ARCT | F | -0.07% | |
| CTKB | F | -0.07% | |
| SAGE | F | -0.07% | |
| VIR | C | -0.07% | |
| AUTL | F | -0.07% | |
| KNSA | C | -0.07% | |
| ETNB | F | -0.07% | |
| DCPH | A | -0.07% | |
| RCUS | F | -0.07% | |
| CGEM | A | -0.06% | |
| NVAX | D | -0.06% | |
| ZYME | D | -0.06% | |
| QTRX | F | -0.06% | |
| NRIX | D | -0.06% | |
| RLAY | F | -0.06% | |
| PLRX | F | -0.06% | |
| FULC | D | -0.05% | |
| EDIT | F | -0.05% | |
| ANAB | B | -0.05% | |
| OPK | C | -0.05% | |
| ALXO | B | -0.05% | |
| OLMA | F | -0.05% | |
| YMAB | C | -0.05% | |
| CSTL | B | -0.05% | |
| COGT | C | -0.05% | |
| IRON | F | -0.04% | |
| HUMA | B | -0.04% | |
| SPRY | C | -0.04% | |
| MXCT | D | -0.04% | |
| VERV | F | -0.04% | |
| ALEC | F | -0.04% | |
| CMPS | D | -0.04% | |
| ABUS | D | -0.04% | |
| PACB | F | -0.04% | |
| ELVN | B | -0.04% | |
| TNGX | F | -0.04% | |
| ADPT | F | -0.04% | |
| CDNA | C | -0.04% | |
| NUVB | B | -0.04% | |
| URGN | F | -0.04% | |
| EXAI | F | -0.04% | |
| FLGT | F | -0.04% | |
| WVE | C | -0.04% | |
| TVTX | F | -0.04% | |
| CABA | F | -0.04% | |
| TBPH | C | -0.04% | |
| CNTA | D | -0.04% | |
| MGTX | F | -0.03% | |
| RAPT | F | -0.03% | |
| VNDA | B | -0.03% | |
| TRML | F | -0.03% | |
| LYEL | C | -0.03% | |
| SLRN | F | -0.03% | |
| KALV | D | -0.03% | |
| IMMP | B | -0.03% | |
| REPL | F | -0.03% | |
| AVXL | F | -0.03% | |
| AVIR | C | -0.03% | |
| BMEA | F | -0.03% | |
| TSHA | D | -0.03% | |
| CRBU | F | -0.03% | |
| SVRA | D | -0.03% | |
| SMMT | C | -0.03% | |
| ALLO | F | -0.03% | |
| ITOS | C | -0.03% | |
| ORIC | D | -0.03% | |
| RVNC | F | -0.03% | |
| VYGR | D | -0.03% | |
| THRD | B | -0.02% | |
| MLYS | D | -0.02% | |
| PRME | F | -0.02% | |
| ERAS | D | -0.02% | |
| PGEN | D | -0.02% | |
| TERN | F | -0.02% | |
| BLUE | F | -0.02% | |
| OVID | F | -0.02% | |
| VTYX | F | -0.02% | |
| QURE | F | -0.02% | |
| CHRS | F | -0.02% | |
| NBTX | F | -0.02% | |
| CVAC | D | -0.02% | |
| ATAI | C | -0.02% | |
| PHAT | C | -0.02% | |
| MRNS | F | -0.01% | |
| ACRS | D | -0.01% | |
| AMLX | F | -0.01% | |
| NAUT | D | -0.01% | |
| ACIU | F | -0.01% | |
| RNAC | C | -0.0% | |
| RPHM | D | -0.0% |
ARB: Top Represented Industries & Keywords
Industries:
Oil & Gas E&P
Banks - Regional - US
Credit Services
Software - Application
Aerospace & Defense
Airlines
Apparel Manufacturing
Biotechnology
Building Materials
Business Services
Communication Equipment
Consumer Electronics
Diagnostics & Research
Drug Manufacturers - Specialty & Generic
Insurance - Life
Marine Shipping
Medical Care
Medical Devices
Metal Fabrication
Packaging & Containers
Keywords:
S&P 500
Bank
Aerospace
Biopharmaceutical
Computing
Real Estate Loans
Banking
Biotechnology
Commercial Bank
Communications Equipment
Dementia
Deposit Products
Digital Television
Electronics
Homebuilder
Information And Communications Technology
Insurance Coverage
Insurance Products
Natural Gas
Semiconductor
IBB: Top Represented Industries & Keywords
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