ARB vs. ILDR ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to First Trust Innovation Leaders ETF (ILDR)

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

$26.71

Average Daily Volume

23,334

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ILDR

First Trust Innovation Leaders ETF

ILDR Description

First Trust Innovation Leaders ETF is an exchange-traded fund incorporated in the USA. The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stock and depository receipts issued by U.S. and non-U.S. companies that may benefit from the development or application of scientific and technological innovation. The fund’s investments will be concentrated in the information technology sector, and therefore, may be concentrated in one or more industries within the information technology sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.07

Average Daily Volume

5,427

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	ILDR
30 Days	-1.73%	-5.28%
60 Days	-0.61%	-2.58%
90 Days	-0.39%	3.97%
12 Months	4.02%	36.05%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in ILDR	Overlap

ARB Overweight 32 Positions Relative to ILDR

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

ARB Underweight 60 Positions Relative to ILDR

Symbol	Grade	Weight
NVDA	D	-6.24%
GOOG	A	-6.05%
MSFT	D	-5.74%
AMZN	B	-4.9%
UBER	D	-3.57%
NOW	C	-3.45%
ORCL	D	-3.28%
META	B	-2.68%
AVGO	D	-2.57%
BMRN	A	-2.06%
V	C	-1.78%
REGN	C	-1.72%
WDAY	D	-1.63%
GTLS	A	-1.61%
ANET	D	-1.58%
MU	B	-1.57%
SHOP	C	-1.56%
AVTR	B	-1.46%
VRTX	C	-1.46%
PCTY	F	-1.41%
TMO	B	-1.41%
TW	C	-1.34%
TOST	C	-1.32%
EMR	B	-1.25%
MRVL	D	-1.22%
NFLX	D	-1.19%
PSTG	B	-1.15%
NOC	A	-1.13%
ALNY	F	-1.12%
ZS	D	-1.1%
DT	D	-1.09%
AVAV	A	-1.08%
MDB	D	-1.08%
CRWD	D	-1.07%
PANW	B	-1.04%
ACN	F	-1.04%
PLTR	D	-1.04%
SWTX	C	-0.99%
DDOG	B	-0.99%
LHX	C	-0.99%
AKAM	D	-0.97%
MIRM	F	-0.93%
RMBS	F	-0.91%
ISRG	D	-0.89%
TEL	D	-0.86%
FOLD	F	-0.83%
HALO	C	-0.83%
TTD	B	-0.81%
ALGN	B	-0.78%
SQ	D	-0.77%
CFLT	C	-0.76%
CYBR	C	-0.74%
DXCM	A	-0.67%
FLGT	F	-0.52%
TSLA	D	-0.51%
INTC	F	-0.51%
RCUS	F	-0.51%
GRAB	A	-0.49%
ZI	D	-0.37%
REPL	F	-0.36%