ARB vs. XHS ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to SPDR S&P Health Care Services ETF (XHS)

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 ^*

* may have additional holdings in another (foreign) market

XHS

SPDR S&P Health Care Services ETF

XHS Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care providers and services segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the health care services industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$94.44

Average Daily Volume

4,000

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	XHS
30 Days	0.04%	-0.01%
60 Days	0.20%	-2.53%
90 Days	1.26%	-4.43%
12 Months	5.53%	10.84%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in XHS	Overlap
	RCM	A	2.73%	2.12%	2.12%

ARB Overweight 42 Positions Relative to XHS

Symbol	Grade	Weight
MRO	B	2.76%
CTLT	C	2.72%
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 57 Positions Relative to XHS

Symbol	Grade	Weight
HIMS	B	-2.63%
HQY	A	-2.56%
RDNT	B	-2.5%
MCK	A	-2.46%
GH	B	-2.36%
PINC	B	-2.35%
EHC	B	-2.27%
LH	B	-2.26%
CAH	B	-2.24%
SEM	B	-2.21%
DGX	A	-2.13%
COR	B	-2.12%
THC	D	-2.1%
PRVA	C	-2.1%
UNH	B	-2.09%
CHE	D	-2.05%
ENSG	C	-2.0%
CVS	D	-1.99%
DVA	C	-1.98%
HSIC	C	-1.98%
ADUS	D	-1.96%
AMED	F	-1.95%
PDCO	F	-1.87%
CI	D	-1.86%
HUM	C	-1.84%
HCA	F	-1.83%
UHS	D	-1.81%
MOH	F	-1.79%
USPH	B	-1.7%
SGRY	F	-1.67%
CRVL	B	-1.65%
CNC	D	-1.63%
ELV	F	-1.55%
BKD	F	-1.48%
OMI	F	-1.48%
NEO	C	-1.45%
OPCH	D	-1.45%
MD	C	-1.41%
AHCO	F	-1.25%
CLOV	D	-1.25%
CSTL	D	-1.24%
LFST	B	-1.24%
PGNY	F	-1.21%
ALHC	C	-1.14%
AMN	F	-1.06%
ACHC	F	-1.05%
NHC	C	-1.02%
ASTH	F	-1.01%
AGL	F	-1.01%
PNTG	D	-0.71%
ACCD	D	-0.64%
OPK	C	-0.64%
CYH	F	-0.63%
CCRN	F	-0.59%
MODV	C	-0.52%
FLGT	F	-0.42%
NRC	F	-0.31%