ARB vs. PILL ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL)
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

$27.91

Average Daily Volume

11,089

Number of Holdings *

43

* may have additional holdings in another (foreign) market
PILL

Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF

PILL Description The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Pharmaceuticals Select Industry Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS pharmaceuticals sub-industry. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$8.96

Average Daily Volume

51,627

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period ARB PILL
30 Days 0.04% -4.48%
60 Days 0.20% 6.92%
90 Days 1.26% 10.21%
12 Months 5.53% 67.40%
1 Overlapping Holdings
Symbol Grade Weight in ARB Weight in PILL Overlap
CTLT C 2.72% 2.22% 2.22%
ARB Overweight 42 Positions Relative to PILL
Symbol Grade Weight
MRO B 2.76%
RCM A 2.73%
HCP B 2.72%
SPR D 2.68%
K A 2.67%
JNPR D 2.66%
ANSS B 2.57%
INFN D 2.27%
SRCL B 2.19%
CHX C 2.19%
ENV B 2.17%
SILK A 2.16%
PETQ A 2.14%
EVRI A 2.13%
RVNC F 2.07%
HA A 2.02%
HES B 1.95%
DFS B 1.9%
X B 1.85%
DO D 1.83%
ALE A 1.81%
PRFT B 1.81%
PWSC C 1.81%
AXNX A 1.81%
INST B 1.79%
VZIO A 1.78%
AMK B 1.78%
GTHX A 1.72%
SRDX B 1.4%
FBMS B 1.16%
HTLF B 1.15%
BALY B 1.14%
CHUY B 1.13%
TWKS B 1.11%
MGRC B 1.07%
SWN C 0.94%
CALT C 0.58%
AAN B 0.56%
CNSL C 0.54%
AGS A 0.53%
HAYN A 0.53%
SRCL B 0.5%
ARB Underweight 43 Positions Relative to PILL
Symbol Grade Weight
CORT B -3.39%
BMY B -2.69%
LBPH A -2.67%
ITCI C -2.63%
JAZZ B -2.63%
VTRS A -2.48%
AXSM B -2.38%
EWTX C -2.38%
ELAN D -2.18%
PRGO C -2.13%
RPRX D -2.1%
JNJ C -2.06%
ZTS D -2.04%
PFE F -2.0%
LLY F -1.98%
MRK D -1.9%
TARS C -1.86%
ARVN F -1.73%
OGN F -1.7%
SAVA C -1.68%
PBH A -1.6%
SUPN C -1.46%
AMPH F -1.39%
PCRX C -1.27%
LGND C -1.2%
ANIP F -1.04%
OCUL D -1.0%
COLL F -1.0%
AMRX C -0.89%
HROW D -0.88%
HRMY D -0.84%
WVE C -0.8%
MNMD C -0.78%
INVA D -0.67%
EYPT D -0.65%
LQDA F -0.61%
FULC F -0.6%
PLRX D -0.6%
ELVN D -0.45%
NUVB C -0.4%
EOLS D -0.36%
PHAT F -0.33%
XERS C -0.31%
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