GVIP vs. MARB ETF Comparison

Comparison of Goldman Sachs Hedge Industry VIP ETF (GVIP) to First Trust Merger Arbitrage ETF (MARB)

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

$107.33

Average Daily Volume

4,889

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MARB

First Trust Merger Arbitrage ETF

MARB Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.60

Average Daily Volume

25,255

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GVIP	MARB
30 Days	-1.63%	-1.15%
60 Days	0.88%	-0.75%
90 Days	4.49%	-0.70%
12 Months	44.84%	1.04%

4 Overlapping Holdings

Symbol	Grade	Weight in GVIP	Weight in MARB	Overlap
ACI	D	1.96%	4.96%	1.96%
CPRI	F	1.54%	1.44%	1.44%
HES	B	2.36%	3.48%	2.36%
PXD	B	2.55%	5.82%	2.55%

GVIP Overweight 41 Positions Relative to MARB

Symbol	Grade	Weight
VRT	A	2.91%
FCNCA	B	2.52%
C	A	2.39%
ET	A	2.36%
PGR	B	2.34%
NVDA	C	2.34%
THC	A	2.32%
BSX	A	2.32%
AER	A	2.31%
GE	A	2.3%
TDG	A	2.29%
APG	D	2.25%
GOOGL	A	2.23%
TSM	C	2.21%
BABA	B	2.14%
LNG	D	2.14%
AVGO	D	2.14%
BRK.A	D	2.12%
AMZN	A	2.12%
MA	D	2.08%
APO	D	2.08%
KKR	D	2.07%
DHR	C	2.07%
V	D	2.07%
BLDR	C	2.07%
SPGI	C	2.06%
TPX	D	2.05%
MSFT	C	2.04%
NFLX	D	2.04%
UNP	C	2.03%
LLY	D	2.0%
CRM	D	1.97%
META	D	1.95%
AAPL	C	1.93%
NOW	D	1.89%
CZR	F	1.86%
UBER	D	1.83%
AMD	D	1.8%
WDAY	D	1.76%
MELI	C	1.63%
WSC	F	1.58%

GVIP Underweight 19 Positions Relative to MARB

Symbol	Grade	Weight
AMED	D	-4.57%
AXNX	C	-3.96%
ANSS	D	-3.6%
X	F	-3.53%
JNPR	D	-3.3%
DFS	B	-3.26%
CERE	A	-3.05%
CTLT	C	-2.98%
VZIO	D	-2.93%
NS	D	-2.46%
LBAI	B	-2.39%
NWLI	A	-2.09%
SP	B	-1.53%
SNPS	D	--2.02%
PFS	B	--2.45%
SUN	D	--2.47%
CVX	B	--3.65%
COF	B	--3.86%
XOM	B	--6.25%