ARB vs. TXS ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to Texas Capital Texas Equity Index ETF (TXS)
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
$27.95
Average Daily Volume
8,778
Number of Holdings
*
44
* may have additional holdings in another (foreign) market
TXS
Texas Capital Texas Equity Index ETF
TXS Description
TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.Grade (RS Rating)
Last Trade
$31.25
Average Daily Volume
1,666
Number of Holdings
*
198
* may have additional holdings in another (foreign) market
Performance
| Period | ARB | TXS |
|---|---|---|
| 30 Days | 0.67% | 0.48% |
| 60 Days | 1.19% | 2.09% |
| 90 Days | 2.09% | 7.65% |
| 12 Months | 6.56% | 32.99% |
ARB Overweight 41 Positions Relative to TXS
| Symbol | Grade | Weight | |
|---|---|---|---|
| RCM | A | 2.73% | |
| CTLT | D | 2.72% | |
| HCP | A | 2.72% | |
| SPR | C | 2.68% | |
| K | A | 2.67% | |
| JNPR | A | 2.66% | |
| ANSS | C | 2.57% | |
| INFN | B | 2.27% | |
| SRCL | A | 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% | |
| HTLF | A | 1.15% | |
| BALY | A | 1.14% | |
| CHUY | B | 1.13% | |
| TWKS | A | 1.11% | |
| MGRC | 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 195 Positions Relative to TXS
| Symbol | Grade | Weight | |
|---|---|---|---|
| TSLA | A | -4.75% | |
| THC | C | -4.35% | |
| DLR | A | -3.93% | |
| SCHW | B | -3.89% | |
| CRWD | C | -3.86% | |
| XOM | C | -3.49% | |
| WM | A | -3.42% | |
| MCK | C | -3.38% | |
| CCI | D | -3.34% | |
| CBRE | A | -2.79% | |
| GME | B | -2.41% | |
| ORCL | B | -2.4% | |
| LNG | A | -2.29% | |
| DHI | D | -2.24% | |
| SYY | D | -1.99% | |
| WING | F | -1.98% | |
| COP | D | -1.93% | |
| PWR | B | -1.87% | |
| KMI | B | -1.84% | |
| SCI | A | -1.76% | |
| TPL | A | -1.59% | |
| GPI | C | -1.42% | |
| TYL | A | -1.42% | |
| T | A | -1.36% | |
| INVH | F | -1.33% | |
| TRGP | A | -1.31% | |
| TXN | A | -1.24% | |
| CAT | B | -1.17% | |
| RUSHA | A | -1.14% | |
| EOG | D | -1.13% | |
| ASO | F | -1.13% | |
| J | D | -1.03% | |
| SLB | F | -0.93% | |
| CPT | D | -0.87% | |
| ACM | A | -0.82% | |
| VST | B | -0.79% | |
| EAT | A | -0.77% | |
| PLAY | C | -0.74% | |
| ADUS | D | -0.71% | |
| LUV | A | -0.66% | |
| FIX | B | -0.62% | |
| OXY | F | -0.56% | |
| BKR | A | -0.55% | |
| FLR | B | -0.51% | |
| KBR | B | -0.51% | |
| FANG | F | -0.51% | |
| ATO | B | -0.41% | |
| CPRT | D | -0.4% | |
| HAL | F | -0.39% | |
| SBH | B | -0.39% | |
| USPH | F | -0.37% | |
| CNP | C | -0.35% | |
| PSX | F | -0.34% | |
| CRBG | B | -0.34% | |
| GL | C | -0.33% | |
| NRG | B | -0.32% | |
| AAL | A | -0.31% | |
| KMB | D | -0.3% | |
| CMA | A | -0.29% | |
| HHH | C | -0.28% | |
| KEX | D | -0.27% | |
| CTRA | F | -0.27% | |
| CFR | B | -0.26% | |
| VLO | F | -0.26% | |
| AGL | F | -0.25% | |
| PB | B | -0.23% | |
| DELL | A | -0.21% | |
| TPG | B | -0.21% | |
| STRL | B | -0.2% | |
| COOP | D | -0.19% | |
| NSP | F | -0.18% | |
| IESC | A | -0.17% | |
| HPE | A | -0.16% | |
| APA | F | -0.15% | |
| XPEL | F | -0.14% | |
| LII | B | -0.14% | |
| PR | F | -0.14% | |
| BLDR | F | -0.14% | |
| PRIM | A | -0.13% | |
| FFIN | D | -0.13% | |
| GRBK | D | -0.13% | |
| RRC | D | -0.12% | |
| CHRD | F | -0.12% | |
| IBOC | B | -0.11% | |
| MTDR | D | -0.1% | |
| NTRA | B | -0.1% | |
| OMCL | B | -0.1% | |
| KNTK | B | -0.09% | |
| GSHD | A | -0.09% | |
| WFRD | F | -0.09% | |
| NTST | F | -0.09% | |
| LGIH | F | -0.09% | |
| VCTR | A | -0.09% | |
| CE | F | -0.09% | |
| FYBR | A | -0.08% | |
| MTCH | C | -0.08% | |
| CSV | A | -0.07% | |
| APLD | C | -0.07% | |
| LUNR | B | -0.07% | |
| DNOW | F | -0.07% | |
| SAVA | D | -0.07% | |
| STC | D | -0.07% | |
| TFIN | B | -0.07% | |
| ACA | B | -0.07% | |
| UEC | B | -0.07% | |
| POWL | A | -0.07% | |
| MUR | F | -0.07% | |
| NXRT | D | -0.07% | |
| IBTX | B | -0.07% | |
| XPRO | F | -0.07% | |
| MGY | C | -0.07% | |
| QTWO | A | -0.06% | |
| MRC | F | -0.06% | |
| TRN | C | -0.06% | |
| CRGY | B | -0.06% | |
| CRK | B | -0.06% | |
| SABR | C | -0.06% | |
| SKWD | B | -0.06% | |
| FFWM | D | -0.06% | |
| EE | A | -0.06% | |
| GLDD | B | -0.06% | |
| ALKT | B | -0.06% | |
| AMN | F | -0.06% | |
| RICK | F | -0.06% | |
| USLM | A | -0.06% | |
| AAOI | B | -0.06% | |
| EXP | B | -0.06% | |
| TALO | D | -0.05% | |
| NOV | F | -0.05% | |
| UPBD | D | -0.05% | |
| THR | F | -0.05% | |
| YETI | F | -0.05% | |
| TASK | B | -0.05% | |
| BRY | F | -0.05% | |
| ALG | C | -0.05% | |
| HTH | D | -0.05% | |
| AESI | F | -0.05% | |
| WLK | F | -0.05% | |
| HLX | F | -0.05% | |
| GRNT | F | -0.05% | |
| OIS | D | -0.05% | |
| CNK | A | -0.05% | |
| CECO | F | -0.05% | |
| THRY | F | -0.05% | |
| VTOL | D | -0.05% | |
| SBSI | D | -0.05% | |
| AZZ | D | -0.05% | |
| DXPE | C | -0.05% | |
| SWI | B | -0.05% | |
| ITGR | D | -0.05% | |
| CSTL | A | -0.05% | |
| PTEN | F | -0.05% | |
| INN | F | -0.05% | |
| ANET | B | -0.05% | |
| WTTR | D | -0.05% | |
| DIOD | F | -0.05% | |
| FOR | F | -0.05% | |
| EZPW | B | -0.05% | |
| SLAB | F | -0.05% | |
| DINO | F | -0.05% | |
| AROC | D | -0.05% | |
| CMC | A | -0.05% | |
| PRO | C | -0.05% | |
| HUN | F | -0.05% | |
| EGY | F | -0.05% | |
| PUMP | F | -0.05% | |
| TTI | C | -0.05% | |
| WHD | B | -0.05% | |
| LXRX | D | -0.05% | |
| DAR | B | -0.05% | |
| HESM | D | -0.05% | |
| TDW | F | -0.05% | |
| OII | D | -0.05% | |
| GDOT | C | -0.05% | |
| WSR | B | -0.05% | |
| TH | F | -0.05% | |
| NXST | A | -0.05% | |
| APPS | B | -0.05% | |
| VITL | C | -0.05% | |
| CVI | F | -0.05% | |
| CSWI | B | -0.05% | |
| NX | C | -0.05% | |
| FLS | A | -0.05% | |
| VBTX | B | -0.05% | |
| ATI | F | -0.05% | |
| BMBL | C | -0.05% | |
| PX | B | -0.05% | |
| SVRA | D | -0.04% | |
| TSHA | F | -0.04% | |
| CRUS | F | -0.04% | |
| PARR | F | -0.04% | |
| BIGC | F | -0.04% | |
| NR | F | -0.04% | |
| ETWO | F | -0.03% | |
| NOVA | F | -0.02% |
ARB: Top Represented Industries & Keywords
Industries:
Communication Equipment
Drug Manufacturers - Specialty & Generic
Oil & Gas E&P
Software - Application
Banks - Regional - US
Biotechnology
Gambling
Information Technology Services
Medical Devices
Rental & Leasing Services
Aerospace & Defense
Airlines
Asset Management
Capital Markets
Consumer Electronics
Credit Services
Diagnostics & Research
Health Information Services
Metal Fabrication
Oil & Gas Drilling
TXS: Top Represented Industries & Keywords
Industries:
Oil & Gas E&P
Oil & Gas Equipment & Services
Banks - Regional - US
Engineering & Construction
Software - Application
Diversified Industrials
Oil & Gas Midstream
Semiconductors
Asset Management
Biotechnology
Building Materials
Medical Care
Oil & Gas Refining & Marketing
Real Estate - General
Restaurants
Software - Infrastructure
Auto & Truck Dealerships
REIT - Residential
Specialty Retail
Airlines
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