COPA vs. ARB ETF Comparison
Comparison of Themes Copper Miners ETF (COPA) to AltShares Merger Arbitrage ETF (ARB)
COPA
Themes Copper Miners ETF
COPA Description
COPA invests in companies with substantial exposure to the copper mining industry. It uses a replication strategy, aiming to own the same stocks in the same proportion as its underlying index. The index is comprised of global firms classified under the subthemes copper mining, exploration, refining, and royalties. It is constructed based on revenue exposure as derived from the copper mining industry to identify Purity Leaders and Revenue Leaders. The former is defined as having a thematic exposure score equal to or greater than 30% of their total revenue, while the latter being in the top 5 companies ranked by their thematic revenue dollar amount. Final constituents are weighted based on market-cap, modified by thematic exposure using revenue. Country capping constraints and flooring conditions are also implemented to ensure proper allocation to significant revenue earners. The index is reconstituted and rebalanced quarterly starting in March.
Grade (RS Rating)
Last Trade
$25.12
Average Daily Volume
640
4
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
$27.94
Average Daily Volume
11,353
43
Performance
| Period | COPA | ARB |
|---|---|---|
| 30 Days | -5.93% | 0.17% |
| 60 Days | 0.43% | |
| 90 Days | 1.37% | |
| 12 Months | 5.64% |
0 Overlapping Holdings
| Symbol | Grade | Weight in COPA | Weight in ARB | Overlap |
|---|
COPA Underweight 43 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MRO | B | -2.76% | |
| RCM | F | -2.73% | |
| CTLT | B | -2.72% | |
| HCP | B | -2.72% | |
| SPR | D | -2.68% | |
| K | A | -2.67% | |
| JNPR | F | -2.66% | |
| ANSS | B | -2.57% | |
| INFN | C | -2.27% | |
| SRCL | C | -2.19% | |
| CHX | C | -2.19% | |
| ENV | B | -2.17% | |
| SILK | F | -2.16% | |
| PETQ | D | -2.14% | |
| EVRI | A | -2.13% | |
| RVNC | F | -2.07% | |
| HA | D | -2.02% | |
| HES | B | -1.95% | |
| DFS | B | -1.9% | |
| X | C | -1.85% | |
| DO | D | -1.83% | |
| ALE | A | -1.81% | |
| PRFT | D | -1.81% | |
| PWSC | C | -1.81% | |
| AXNX | C | -1.81% | |
| INST | C | -1.79% | |
| VZIO | A | -1.78% | |
| AMK | D | -1.78% | |
| GTHX | D | -1.72% | |
| SRDX | B | -1.4% | |
| FBMS | B | -1.16% | |
| HTLF | B | -1.15% | |
| BALY | C | -1.14% | |
| CHUY | D | -1.13% | |
| TWKS | D | -1.11% | |
| MGRC | B | -1.07% | |
| SWN | D | -0.94% | |
| CALT | D | -0.58% | |
| AAN | D | -0.56% | |
| CNSL | C | -0.54% | |
| AGS | A | -0.53% | |
| HAYN | C | -0.53% | |
| SRCL | C | -0.5% |
COPA: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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