ARB vs. KBWP ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP)
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
$26.69
Average Daily Volume
21,848
32
KBWP
PowerShares KBW Property & Casualty Insurance Portfolio ETF
KBWP Description
The PowerShares KBW Property & Casualty Insurance Portfolio (Fund) is based on the KBW Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$102.20
Average Daily Volume
20,898
24
Performance
| Period | ARB | KBWP |
|---|---|---|
| 30 Days | -1.68% | -2.17% |
| 60 Days | -0.55% | 1.50% |
| 90 Days | -0.24% | 5.83% |
| 12 Months | 4.09% | 27.22% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in KBWP | Overlap |
|---|
ARB Overweight 32 Positions Relative to KBWP
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 3.66% | |
| HES | A | 3.57% | |
| CTLT | C | 3.52% | |
| ANSS | C | 3.4% | |
| MDC | A | 2.74% | |
| AXNX | C | 2.74% | |
| DOOR | A | 2.7% | |
| JNPR | C | 2.68% | |
| CERE | A | 2.64% | |
| EVBG | A | 2.08% | |
| VZIO | B | 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 | C | 1.31% | |
| HA | D | 1.29% | |
| MGRC | D | 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 24 Positions Relative to KBWP
| Symbol | Grade | Weight | |
|---|---|---|---|
| PGR | A | -8.75% | |
| ALL | A | -8.56% | |
| AIG | B | -8.01% | |
| CB | C | -7.78% | |
| TRV | C | -7.55% | |
| ACGL | A | -4.17% | |
| CINF | A | -4.13% | |
| HIG | A | -4.05% | |
| THG | B | -3.95% | |
| RNR | C | -3.93% | |
| AFG | C | -3.93% | |
| EG | D | -3.93% | |
| WRB | D | -3.88% | |
| AXS | C | -3.87% | |
| SIGI | D | -3.82% | |
| KMPR | B | -3.8% | |
| AIZ | C | -3.75% | |
| RLI | A | -3.75% | |
| MCY | A | -3.1% | |
| SPNT | C | -2.09% | |
| HMN | B | -1.51% | |
| PRA | B | -0.71% | |
| UVE | A | -0.58% | |
| JRVR | D | -0.35% |
ARB: Top Represented Industries & Keywords
KBWP: Top Represented Industries & Keywords
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