ARB vs. PSCM ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to PowerShares S&P SmallCap Materials Portfolio (PSCM)
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
$26.76
Average Daily Volume
22,325
32
PSCM
PowerShares S&P SmallCap Materials Portfolio
PSCM Description
The PowerShares S&P SmallCap Materials Portfolio (Fund) is based on the S&P SmallCap 600® Capped Materials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$77.27
Average Daily Volume
1,426
31
Performance
| Period | ARB | PSCM |
|---|---|---|
| 30 Days | -1.73% | 2.24% |
| 60 Days | -1.22% | 3.32% |
| 90 Days | 0.61% | 10.61% |
| 12 Months | 6.17% | 21.83% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in PSCM | Overlap | |
|---|---|---|---|---|---|
| HAYN | C | 1.39% | 1.1% | 1.1% |
ARB Overweight 31 Positions Relative to PSCM
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | 3.66% | |
| HES | B | 3.57% | |
| CTLT | C | 3.52% | |
| ANSS | D | 3.4% | |
| MDC | A | 2.74% | |
| AXNX | C | 2.74% | |
| DOOR | A | 2.7% | |
| JNPR | D | 2.68% | |
| CERE | A | 2.64% | |
| EVBG | B | 2.08% | |
| VZIO | D | 2.0% | |
| KAMN | A | 1.96% | |
| DFS | B | 1.89% | |
| CPRI | F | 1.88% | |
| SWN | C | 1.86% | |
| X | F | 1.82% | |
| SP | B | 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 | C | 0.65% | |
| CSTR | A | 0.61% | |
| TGAN | A | 0.52% | |
| ONB | A | -0.13% | |
| CHRD | B | -1.89% | |
| COF | B | -2.2% |
ARB Underweight 30 Positions Relative to PSCM
| Symbol | Grade | Weight | |
|---|---|---|---|
| ATI | B | -10.76% | |
| BCPC | C | -6.64% | |
| SEE | C | -6.64% | |
| CRS | A | -6.53% | |
| FUL | C | -5.84% | |
| AMR | D | -5.46% | |
| HCC | B | -5.03% | |
| SXT | A | -4.49% | |
| IOSP | C | -4.31% | |
| ARCH | D | -4.13% | |
| KWR | D | -3.75% | |
| MTX | A | -3.46% | |
| MTRN | F | -3.43% | |
| SLVM | A | -3.2% | |
| OI | F | -2.81% | |
| SCL | D | -2.57% | |
| NGVT | B | -2.52% | |
| KALU | A | -2.1% | |
| HWKN | A | -2.06% | |
| KOP | F | -1.57% | |
| MATV | A | -1.41% | |
| WS | C | -1.32% | |
| SXC | D | -1.19% | |
| CENX | B | -1.19% | |
| MYE | A | -1.18% | |
| CLW | B | -1.06% | |
| ASIX | F | -0.99% | |
| ZEUS | F | -0.89% | |
| MERC | A | -0.65% | |
| CMP | F | -0.59% |
ARB: Top Represented Industries & Keywords
PSCM: Top Represented Industries & Keywords
Compare ETFs
