DEEP vs. ARB ETF Comparison

Comparison of Roundhill Acquirers Deep Value ETF (DEEP) to AltShares Merger Arbitrage ETF (ARB)

DEEP

Roundhill Acquirers Deep Value ETF

DEEP Description

The investment seeks to track the performance, before fees and expenses, of the Acquirers Deep Value Index (the “index”). The index was established in 2020 by Acquirers Funds LLC and tracks the performance of a portfolio of 20 of the most undervalued, fundamentally strong stocks drawn from the largest 500 stocks listed in the United States meeting certain liquidity thresholds. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.13

Average Daily Volume

2,844

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$26.72

Average Daily Volume

21,777

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DEEP	ARB
30 Days	-4.38%	-1.67%
60 Days	-3.05%	-0.47%
90 Days	-4.13%	-0.12%
12 Months	10.72%	4.12%

0 Overlapping Holdings

	Symbol	Grade	Weight in DEEP	Weight in ARB	Overlap

DEEP Overweight 96 Positions Relative to ARB

Symbol	Grade	Weight
AGX	A	1.3%
TH	B	1.27%
ZUMZ	C	1.22%
GEO	B	1.17%
VIRT	A	1.13%
GSL	A	1.13%
LPG	A	1.12%
CCB	B	1.12%
VSTO	A	1.11%
GIII	C	1.1%
NGVT	B	1.09%
AAN	F	1.09%
MYE	A	1.07%
PFBC	A	1.07%
DFIN	A	1.06%
RYI	F	1.06%
USLM	A	1.06%
BSIG	B	1.06%
BBSI	B	1.06%
SMP	D	1.06%
WSBF	C	1.05%
INVA	B	1.04%
SXC	D	1.04%
TNK	A	1.04%
PANL	C	1.04%
APOG	A	1.04%
PRG	B	1.04%
GTX	B	1.04%
DHIL	C	1.04%
AMSF	F	1.04%
HLF	B	1.04%
IMKTA	F	1.03%
NRP	A	1.03%
CRCT	B	1.03%
WGO	D	1.03%
TPB	A	1.03%
DHT	A	1.03%
TBBK	F	1.03%
EIG	C	1.03%
TK	B	1.03%
SSP	F	1.03%
HVT	C	1.03%
CMRE	A	1.03%
HTBK	F	1.03%
SBLK	A	1.02%
CUBI	D	1.02%
CCRN	F	1.02%
PRDO	A	1.02%
MCFT	F	1.02%
EVRI	F	1.01%
CLFD	D	1.01%
ETD	D	1.01%
RMR	C	1.01%
NATR	A	1.0%
PLPC	D	1.0%
VGR	D	1.0%
CNXN	C	1.0%
ULH	B	1.0%
CLW	B	1.0%
EPM	D	0.99%
MD	D	0.99%
GRBK	C	0.99%
NVEC	D	0.99%
MOV	D	0.99%
MCRI	D	0.99%
IIIN	F	0.98%
NUS	F	0.98%
EBF	D	0.97%
BXC	C	0.97%
BKE	C	0.97%
ACCO	F	0.97%
HCKT	D	0.96%
TWI	F	0.96%
DIN	D	0.96%
KFRC	C	0.96%
ITRN	D	0.95%
WNC	D	0.95%
PLAB	C	0.95%
MHO	C	0.95%
JBSS	D	0.95%
CASS	D	0.94%
RMAX	F	0.94%
MED	F	0.92%
AMCX	D	0.92%
USNA	F	0.91%
RMNI	F	0.91%
PARR	D	0.9%
IMMR	C	0.89%
SMLR	F	0.89%
MBUU	F	0.89%
RGP	F	0.87%
FWRD	F	0.86%
INMD	F	0.85%
HBI	F	0.83%
TTEC	F	0.79%
LPRO	F	0.75%

DEEP Underweight 32 Positions Relative to ARB

Symbol	Grade	Weight
PXD	B	-3.66%
HES	A	-3.57%
CTLT	C	-3.52%
ANSS	C	-3.4%
MDC	A	-2.74%
AXNX	D	-2.74%
DOOR	A	-2.7%
JNPR	D	-2.68%
CERE	A	-2.64%
EVBG	B	-2.08%
VZIO	C	-2.0%
KAMN	A	-1.96%
DFS	A	-1.89%
CPRI	F	-1.88%
SWN	A	-1.86%
X	D	-1.82%
SP	B	-1.39%
HAYN	A	-1.39%
AMED	D	-1.36%
OLK	C	-1.31%
HA	D	-1.29%
MGRC	C	-1.01%
WRK	B	-0.99%
EGLE	B	-0.73%
TAST	A	-0.69%
NWLI	A	-0.66%
CNSL	C	-0.65%
CSTR	A	-0.61%
TGAN	B	-0.52%
ONB	B	--0.13%
CHRD	A	--1.89%
COF	A	--2.2%