ARB vs. LABD ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to Direxion Daily S&P Biotech Bear 3X Shares (LABD)
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
$27.95
Average Daily Volume
8,778
Number of Holdings
*
44
* may have additional holdings in another (foreign) market
LABD
Direxion Daily S&P Biotech Bear 3X Shares
LABD Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The index is provided by Standard & Poor's and includes domestic companies from the biotechnology industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index ("index"). It is non-diversified.Grade (RS Rating)
Last Trade
$5.76
Average Daily Volume
15,699,334
Number of Holdings
*
79
* may have additional holdings in another (foreign) market
Performance
| Period | ARB | LABD |
|---|---|---|
| 30 Days | 0.67% | -3.36% |
| 60 Days | 1.19% | 6.17% |
| 90 Days | 2.09% | -9.66% |
| 12 Months | 6.56% | -75.44% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in LABD | Overlap | |
|---|---|---|---|---|---|
| GTHX | A | 1.72% | 0.42% | 0.42% |
ARB Overweight 43 Positions Relative to LABD
| Symbol | Grade | Weight | |
|---|---|---|---|
| MRO | C | 2.76% | |
| RCM | A | 2.73% | |
| CTLT | D | 2.72% | |
| HCP | A | 2.72% | |
| SPR | C | 2.68% | |
| K | A | 2.67% | |
| JNPR | A | 2.66% | |
| ANSS | C | 2.57% | |
| INFN | B | 2.27% | |
| SRCL | A | 2.19% | |
| CHX | F | 2.19% | |
| ENV | A | 2.17% | |
| SILK | A | 2.16% | |
| PETQ | A | 2.14% | |
| EVRI | A | 2.13% | |
| RVNC | C | 2.07% | |
| HA | A | 2.02% | |
| HES | B | 1.95% | |
| DFS | A | 1.9% | |
| X | C | 1.85% | |
| DO | D | 1.83% | |
| ALE | A | 1.81% | |
| PRFT | A | 1.81% | |
| PWSC | C | 1.81% | |
| AXNX | A | 1.81% | |
| INST | A | 1.79% | |
| VZIO | C | 1.78% | |
| AMK | B | 1.78% | |
| SRDX | D | 1.4% | |
| FBMS | B | 1.16% | |
| HTLF | A | 1.15% | |
| BALY | A | 1.14% | |
| CHUY | B | 1.13% | |
| TWKS | A | 1.11% | |
| MGRC | A | 1.07% | |
| ITI | A | 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 | A | 0.5% |
ARB Underweight 78 Positions Relative to LABD
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXEL | A | -1.91% | |
| BMRN | F | -1.89% | |
| BLUE | F | -1.87% | |
| VRTX | D | -1.84% | |
| SAGE | F | -1.8% | |
| UTHR | A | -1.78% | |
| REGN | F | -1.77% | |
| AMGN | C | -1.75% | |
| ALNY | C | -1.73% | |
| EXAS | A | -1.73% | |
| ABBV | A | -1.72% | |
| ACAD | F | -1.68% | |
| SRPT | D | -1.66% | |
| BIIB | F | -1.65% | |
| IONS | F | -1.64% | |
| GILD | A | -1.64% | |
| NBIX | C | -1.62% | |
| BPMC | C | -1.61% | |
| INCY | A | -1.51% | |
| RARE | D | -1.49% | |
| MRNA | F | -1.47% | |
| LGND | A | -1.46% | |
| ARWR | F | -1.45% | |
| BHVN | B | -1.42% | |
| PTCT | B | -1.4% | |
| FOLD | B | -1.38% | |
| AGIO | B | -1.37% | |
| APLS | F | -1.24% | |
| ALKS | F | -1.21% | |
| MYGN | F | -1.08% | |
| NTRA | B | -1.08% | |
| IOVA | B | -1.07% | |
| FGEN | F | -1.05% | |
| RGNX | F | -1.05% | |
| CHRS | F | -0.99% | |
| EBS | B | -0.96% | |
| CDNA | D | -0.93% | |
| HRTX | F | -0.84% | |
| INSM | D | -0.81% | |
| KPTI | C | -0.79% | |
| ESPR | C | -0.79% | |
| ALLK | B | -0.76% | |
| IRWD | F | -0.75% | |
| VCYT | A | -0.72% | |
| HALO | B | -0.71% | |
| FATE | F | -0.67% | |
| EDIT | F | -0.66% | |
| PBYI | C | -0.65% | |
| MDGL | A | -0.59% | |
| TGTX | A | -0.55% | |
| ADVM | D | -0.55% | |
| ALLO | D | -0.54% | |
| CPRX | A | -0.53% | |
| ANAB | F | -0.53% | |
| XNCR | A | -0.49% | |
| SGMO | A | -0.48% | |
| ENTA | D | -0.47% | |
| EGRX | F | -0.42% | |
| ATRA | C | -0.41% | |
| VKTX | A | -0.38% | |
| ANIK | F | -0.37% | |
| VNDA | D | -0.35% | |
| OPK | C | -0.35% | |
| VCEL | D | -0.34% | |
| TVTX | B | -0.33% | |
| KOD | B | -0.29% | |
| BBIO | D | -0.29% | |
| NTLA | F | -0.29% | |
| PGEN | F | -0.29% | |
| DNLI | C | -0.28% | |
| KRYS | C | -0.28% | |
| GOSS | F | -0.27% | |
| VYGR | C | -0.26% | |
| MGNX | C | -0.25% | |
| ALEC | D | -0.25% | |
| CYTK | F | -0.25% | |
| DVAX | A | -0.24% | |
| YMAB | A | -0.24% |
ARB: Top Represented Industries & Keywords
Industries:
Communication Equipment
Drug Manufacturers - Specialty & Generic
Oil & Gas E&P
Software - Application
Banks - Regional - US
Biotechnology
Gambling
Information Technology Services
Medical Devices
Rental & Leasing Services
Aerospace & Defense
Airlines
Asset Management
Capital Markets
Consumer Electronics
Credit Services
Diagnostics & Research
Health Information Services
Metal Fabrication
Oil & Gas Drilling
LABD: Top Represented Industries & Keywords
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