EVNT vs. ARB ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to AltShares Merger Arbitrage ETF (ARB)
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$9.77
Average Daily Volume
1,089
40
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
$26.69
Average Daily Volume
20,759
32
Performance
| Period | EVNT | ARB |
|---|---|---|
| 30 Days | -3.37% | -1.86% |
| 60 Days | -2.21% | -1.31% |
| 90 Days | -1.91% | 0.26% |
| 12 Months | 4.55% | 4.40% |
17 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| AMED | D | 1.49% | 1.36% | 1.36% | |
| ANSS | D | 2.97% | 3.4% | 2.97% | |
| AXNX | B | 2.5% | 2.74% | 2.5% | |
| CERE | A | 2.67% | 2.64% | 2.64% | |
| CPRI | F | 1.2% | 1.88% | 1.2% | |
| CSTR | A | 2.26% | 0.61% | 0.61% | |
| CTLT | C | 0.96% | 3.52% | 0.96% | |
| DOOR | A | 1.01% | 2.7% | 1.01% | |
| EVBG | A | 1.24% | 2.08% | 1.24% | |
| HES | A | 4.67% | 3.57% | 3.57% | |
| JNPR | C | 2.5% | 2.68% | 2.5% | |
| MDC | A | 2.5% | 2.74% | 2.5% | |
| MGRC | D | 2.02% | 1.01% | 1.01% | |
| OLK | C | 4.07% | 1.31% | 1.31% | |
| PXD | A | 4.56% | 3.66% | 3.66% | |
| VZIO | C | 0.73% | 2.0% | 0.73% | |
| X | F | 1.94% | 1.82% | 1.82% |
EVNT Overweight 23 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| SIMO | D | 2.02% | |
| VFC | F | 1.86% | |
| CCI | D | 1.78% | |
| TGNA | D | 1.76% | |
| BA | D | 1.71% | |
| PARA | B | 1.35% | |
| CZR | F | 1.25% | |
| SATS | A | 1.16% | |
| RIVN | F | 1.09% | |
| AURA | D | 1.09% | |
| RAMP | F | 1.05% | |
| PACB | F | 0.94% | |
| BE | B | 0.89% | |
| PNM | C | 0.85% | |
| INTC | F | 0.82% | |
| DIS | D | 0.66% | |
| WBD | F | 0.63% | |
| PINS | B | 0.5% | |
| SNOW | D | 0.45% | |
| ZLAB | F | 0.43% | |
| APA | F | 0.21% | |
| WSC | F | -0.77% | |
| SNPS | D | -1.53% |
EVNT: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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