GCAD vs. ARB ETF Comparison
Comparison of Gabelli Equity Income ETF (GCAD) to AltShares Merger Arbitrage ETF (ARB)
GCAD
Gabelli Equity Income ETF
GCAD Description
The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.
Grade (RS Rating)
Last Trade
$35.80
Average Daily Volume
874
31
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 | GCAD | ARB |
|---|---|---|
| 30 Days | 5.15% | 0.17% |
| 60 Days | 5.44% | 0.43% |
| 90 Days | 6.08% | 1.37% |
| 12 Months | 35.13% | 5.64% |
1 Overlapping Holdings
| Symbol | Grade | Weight in GCAD | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| SPR | D | 6.93% | 2.68% | 2.68% |
GCAD Overweight 30 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| BA | F | 8.08% | |
| HXL | D | 6.04% | |
| MOG.A | B | 5.73% | |
| DCO | C | 5.35% | |
| HON | B | 4.74% | |
| LMT | D | 4.32% | |
| CW | B | 3.96% | |
| WWD | B | 3.94% | |
| RTX | C | 3.72% | |
| HEI | B | 3.72% | |
| CR | A | 3.68% | |
| HWM | A | 3.42% | |
| TXT | D | 3.38% | |
| LHX | C | 3.24% | |
| NOC | D | 3.23% | |
| MRCY | B | 3.0% | |
| GE | D | 2.94% | |
| LDOS | C | 2.92% | |
| AIN | C | 2.5% | |
| B | B | 2.3% | |
| TGI | B | 2.08% | |
| GD | F | 1.88% | |
| CDRE | D | 1.57% | |
| RDW | B | 1.39% | |
| KTOS | B | 1.04% | |
| PKE | B | 0.96% | |
| AIR | B | 0.86% | |
| ATRO | D | 0.82% | |
| LLAP | D | 0.26% | |
| MYNA | D | 0.18% |
GCAD Underweight 42 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MRO | B | -2.76% | |
| RCM | F | -2.73% | |
| CTLT | B | -2.72% | |
| HCP | B | -2.72% | |
| 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% |
GCAD: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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