ARB vs. MGNR ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to American Beacon GLG Natural Resources ETF (MGNR)
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
$27.94
Average Daily Volume
11,353
43
MGNR
American Beacon GLG Natural Resources ETF
MGNR Description
MGNR offers exposure to companies involved in various aspects of natural resources, including ownership, production, refining, processing, transportation, distribution, mining, exploration, storage, and related activities. In addition, it broadly defines natural resources, encompassing metals, agricultural products, timber, water, and energy from both fossil fuel and renewable sources, as well as chemicals. With a concentrated portfolio ranging from 30 to 60 global stocks, the fund primarily targets large and mid-cap stocks. The fund prioritizes firms with a track record of historical growth performance by combining top-down and bottom-up analyses, a commodities viewpoint with sub-sector selection, and bottom-up stock picking. Both growth and value investment styles are also incorporated. Holdings are divested based on changing market conditions, company performance, and valuation, aiming to optimize gains and minimize losses. The fund may invest in foreign currencies directly.Grade (RS Rating)
Last Trade
$32.72
Average Daily Volume
18,379
23
Performance
| Period | ARB | MGNR |
|---|---|---|
| 30 Days | 0.17% | 6.59% |
| 60 Days | 0.43% | 8.67% |
| 90 Days | 1.37% | 11.27% |
| 12 Months | 5.64% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in MGNR | Overlap | |
|---|---|---|---|---|---|
| X | C | 1.85% | 2.75% | 1.85% |
ARB Overweight 42 Positions Relative to MGNR
| Symbol | Grade | Weight | |
|---|---|---|---|
| MRO | B | 2.76% | |
| RCM | F | 2.73% | |
| CTLT | B | 2.72% | |
| HCP | B | 2.72% | |
| SPR | D | 2.68% | |
| K | A | 2.67% | |
| JNPR | F | 2.66% | |
| ANSS | B | 2.57% | |
| INFN | C | 2.27% | |
| SRCL | C | 2.19% | |
| CHX | C | 2.19% | |
| ENV | B | 2.17% | |
| SILK | F | 2.16% | |
| PETQ | D | 2.14% | |
| EVRI | A | 2.13% | |
| RVNC | F | 2.07% | |
| HA | D | 2.02% | |
| HES | B | 1.95% | |
| DFS | B | 1.9% | |
| DO | D | 1.83% | |
| ALE | A | 1.81% | |
| PRFT | D | 1.81% | |
| PWSC | C | 1.81% | |
| AXNX | C | 1.81% | |
| INST | C | 1.79% | |
| VZIO | A | 1.78% | |
| AMK | D | 1.78% | |
| GTHX | D | 1.72% | |
| SRDX | B | 1.4% | |
| FBMS | B | 1.16% | |
| HTLF | B | 1.15% | |
| BALY | C | 1.14% | |
| CHUY | D | 1.13% | |
| TWKS | D | 1.11% | |
| MGRC | B | 1.07% | |
| SWN | D | 0.94% | |
| CALT | D | 0.58% | |
| AAN | D | 0.56% | |
| CNSL | C | 0.54% | |
| AGS | A | 0.53% | |
| HAYN | C | 0.53% | |
| SRCL | C | 0.5% |
ARB Underweight 22 Positions Relative to MGNR
| Symbol | Grade | Weight | |
|---|---|---|---|
| TRGP | B | -4.65% | |
| SW | A | -3.7% | |
| AA | B | -3.51% | |
| PR | B | -3.48% | |
| FANG | D | -3.16% | |
| KNTK | B | -2.96% | |
| CDE | D | -2.43% | |
| FLNC | C | -2.35% | |
| BRBR | A | -2.18% | |
| GEV | B | -2.12% | |
| DAR | C | -2.12% | |
| CENX | B | -2.1% | |
| AR | B | -2.01% | |
| FSLR | F | -1.95% | |
| CF | B | -1.72% | |
| INGR | B | -1.66% | |
| AGRO | D | -1.65% | |
| PRIM | A | -1.46% | |
| CC | C | -1.39% | |
| CTVA | C | -1.07% | |
| NEM | D | -1.03% | |
| RRC | B | -0.98% |
ARB: Top Represented Industries & Keywords
MGNR: Top Represented Industries & Keywords
Compare ETFs
