GVIP vs. ARB ETF Comparison

Comparison of Goldman Sachs Hedge Industry VIP ETF (GVIP) to AltShares Merger Arbitrage ETF (ARB)

GVIP

Goldman Sachs Hedge Industry VIP ETF

GVIP Description

The Goldman Sachs Hedge Industry VIP ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs Hedge Fund VIP Index.

Grade (RS Rating)

Last Trade

$127.66

Average Daily Volume

4,583

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

$27.94

Average Daily Volume

11,353

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GVIP	ARB
30 Days	4.90%	0.17%
60 Days	7.68%	0.43%
90 Days	10.62%	1.37%
12 Months	39.62%	5.64%

3 Overlapping Holdings

Symbol	Grade	Weight in GVIP	Weight in ARB	Overlap
HCP	B	1.77%	2.72%	1.77%
HES	B	1.93%	1.95%	1.93%
X	C	1.63%	1.85%	1.63%

GVIP Overweight 46 Positions Relative to ARB

Symbol	Grade	Weight
GEV	B	3.27%
APO	B	2.81%
HUBS	A	2.5%
SPOT	B	2.46%
LBRDK	C	2.46%
NTRA	B	2.42%
NFLX	A	2.33%
FI	A	2.32%
KKR	A	2.29%
CRM	B	2.24%
NVDA	C	2.21%
AMZN	C	2.13%
V	A	2.12%
WDAY	B	2.07%
JPM	A	2.05%
ALIT	C	2.03%
MA	C	2.0%
ET	A	1.99%
TSM	B	1.98%
SN	D	1.97%
FCNCA	A	1.97%
GOOGL	C	1.97%
BABA	D	1.94%
PGR	A	1.92%
CZR	F	1.9%
META	D	1.89%
BRK.A	B	1.89%
WDC	D	1.88%
EDR	A	1.88%
GE	D	1.87%
AVGO	D	1.86%
AER	B	1.82%
AAPL	C	1.82%
MELI	D	1.79%
TDG	D	1.78%
MSFT	F	1.78%
UNH	C	1.76%
THC	D	1.76%
AMD	F	1.75%
INSM	C	1.74%
UBER	D	1.7%
ACI	C	1.69%
IAC	D	1.67%
TEVA	D	1.65%
ADBE	C	1.64%
LLY	F	1.39%

GVIP Underweight 40 Positions Relative to ARB

Symbol	Grade	Weight
MRO	B	-2.76%
RCM	F	-2.73%
CTLT	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%
DFS	B	-1.9%
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%