ARB vs. SMCP ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to AlphaMark Actively Managed Small Cap ETF (SMCP)

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

$27.88

Average Daily Volume

8,775

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMCP

AlphaMark Actively Managed Small Cap ETF

SMCP Description

The investment seeks long-term growth of capital. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small cap companies listed on a U.S. exchange. It defines "equity securities" to include common and preferred stock, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITs"), and exchange-traded funds ("ETFs"). The fund may invest up to 30% of its net assets in foreign equity securities of small cap companies traded on a U.S. exchange as ADRs, which may include companies in emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

2,068

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	SMCP
30 Days	0.33%	-0.70%
60 Days	1.13%	4.84%
90 Days	1.90%	7.54%
12 Months	6.07%	29.32%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in SMCP	Overlap
	HTLF	A	1.15%	1.11%	1.11%

ARB Overweight 43 Positions Relative to SMCP

Symbol	Grade	Weight
MRO	B	2.76%
RCM	A	2.73%
CTLT	D	2.72%
HCP	B	2.72%
SPR	B	2.68%
K	A	2.67%
JNPR	A	2.66%
ANSS	B	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%
GTHX	A	1.72%
SRDX	D	1.4%
FBMS	B	1.16%
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 96 Positions Relative to SMCP

Symbol	Grade	Weight
STRL	B	-1.34%
LUMN	A	-1.33%
YOU	B	-1.32%
RIOT	C	-1.27%
CORT	A	-1.27%
KNF	B	-1.26%
JBT	A	-1.21%
TCBI	B	-1.21%
SIG	D	-1.18%
JXN	B	-1.16%
PRMW	B	-1.15%
SFM	A	-1.14%
HQY	B	-1.14%
TGNA	B	-1.14%
MARA	D	-1.12%
UMBF	A	-1.1%
CVBF	B	-1.1%
VCYT	A	-1.08%
CADE	B	-1.08%
IIPR	B	-1.07%
APAM	A	-1.07%
TMHC	A	-1.07%
CATY	B	-1.07%
CARG	B	-1.06%
CEIX	B	-1.06%
LNTH	A	-1.05%
MWA	A	-1.05%
WD	C	-1.04%
ARCH	C	-1.04%
PBH	A	-1.04%
WTS	F	-1.03%
APLE	B	-1.03%
HWC	B	-1.03%
ENSG	A	-1.03%
CPRX	A	-1.03%
ICFI	A	-1.02%
CVLT	B	-1.01%
ACIW	B	-1.01%
CRC	A	-1.01%
BTU	A	-1.01%
MHO	C	-1.0%
BUR	C	-1.0%
FFBC	B	-1.0%
IDCC	A	-0.99%
COOP	C	-0.99%
MGEE	C	-0.99%
BMI	C	-0.99%
UFPI	D	-0.98%
RDN	D	-0.98%
BCC	D	-0.98%
NHI	D	-0.98%
CPK	D	-0.98%
AX	B	-0.98%
BNL	D	-0.98%
FULT	C	-0.98%
NMIH	D	-0.98%
POWI	C	-0.97%
ESNT	F	-0.97%
IOSP	F	-0.97%
KFY	B	-0.97%
MMSI	B	-0.97%
SMPL	C	-0.97%
ASO	D	-0.96%
FCPT	D	-0.96%
MATX	A	-0.95%
ENS	F	-0.95%
HNI	D	-0.94%
ALKS	D	-0.94%
WSFS	D	-0.94%
TPH	D	-0.93%
NPO	F	-0.93%
FBP	D	-0.92%
LXP	D	-0.92%
FORM	F	-0.92%
MTH	C	-0.92%
IPAR	B	-0.91%
LANC	A	-0.91%
QLYS	D	-0.91%
KBH	C	-0.91%
HP	C	-0.9%
DIOD	F	-0.89%
AEO	F	-0.88%
KRYS	D	-0.88%
WHD	B	-0.88%
ATKR	D	-0.84%
CABO	C	-0.83%
HALO	B	-0.83%
NEOG	D	-0.82%
SPSC	F	-0.81%
STNE	D	-0.81%
PTEN	F	-0.81%
LBRT	F	-0.76%
AMR	F	-0.76%
ACLS	F	-0.75%
STNG	F	-0.72%
PAGS	F	-0.61%