ARB vs. PTH ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Invesco DWA Healthcare Momentum ETF (PTH)

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

$26.67

Average Daily Volume

23,334

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PTH

Invesco DWA Healthcare Momentum ETF

PTH Description

The PowerShares Dynamic Healthcare Sector Portfolio (Fund) is based on the Dynamic Healthcare Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US health care companies. These are companies that are principally engaged in the business of providing health care-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$39.60

Average Daily Volume

15,962

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	PTH
30 Days	-1.73%	-7.78%
60 Days	-0.61%	-10.37%
90 Days	-0.39%	0.97%
12 Months	4.02%	-0.94%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in PTH	Overlap

ARB Overweight 32 Positions Relative to PTH

Symbol	Grade	Weight
PXD	A	3.66%
HES	A	3.57%
CTLT	D	3.52%
ANSS	C	3.4%
MDC	A	2.74%
AXNX	C	2.74%
DOOR	A	2.7%
JNPR	D	2.68%
CERE	C	2.64%
EVBG	A	2.08%
VZIO	C	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	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	D	0.65%
CSTR	A	0.61%
TGAN	B	0.52%
ONB	B	-0.13%
CHRD	A	-1.89%
COF	A	-2.2%

ARB Underweight 50 Positions Relative to PTH

Symbol	Grade	Weight
LLY	D	-4.97%
IDXX	D	-4.47%
MEDP	B	-4.33%
ALPN	A	-4.25%
VERA	D	-3.06%
THC	B	-3.04%
NTRA	A	-2.7%
MOH	C	-2.62%
ARQT	D	-2.59%
REGN	C	-2.59%
ABBV	C	-2.42%
DVA	B	-2.39%
RNA	A	-2.36%
IDYA	D	-2.28%
MDGL	D	-2.25%
KRYS	B	-1.98%
LQDA	D	-1.85%
OCUL	F	-1.81%
DYN	D	-1.68%
ENSG	C	-1.68%
RDNT	A	-1.57%
FATE	D	-1.52%
PCVX	D	-1.52%
VCEL	D	-1.46%
MRUS	C	-1.46%
GKOS	A	-1.43%
CRNX	B	-1.4%
NUVL	C	-1.29%
KURA	C	-1.23%
ITCI	A	-1.21%
BPMC	B	-1.15%
HIMS	D	-1.12%
SWTX	C	-1.1%
KROS	D	-1.04%
UFPT	B	-1.02%
ADMA	A	-1.0%
LFMD	A	-0.96%
IMNM	D	-0.89%
CRVL	C	-0.89%
BKD	A	-0.85%
SILK	B	-0.85%
ANNX	D	-0.84%
ANIP	B	-0.83%
LMAT	C	-0.78%
MRSN	D	-0.77%
COLL	C	-0.76%
FULC	D	-0.72%
EOLS	D	-0.71%
ORIC	F	-0.7%
AQST	C	-0.68%