MARB vs. EVNT ETF Comparison
Comparison of First Trust Merger Arbitrage ETF (MARB) to AltShares Event-Driven ETF (EVNT)
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
$19.72
Average Daily Volume
7,030
34
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
$10.65
Average Daily Volume
347
44
Performance
| Period | MARB | EVNT |
|---|---|---|
| 30 Days | -1.03% | 0.05% |
| 60 Days | -1.01% | 0.76% |
| 90 Days | -1.64% | 1.91% |
| 12 Months | -0.91% | 7.25% |
20 Overlapping Holdings
| Symbol | Grade | Weight in MARB | Weight in EVNT | Overlap | |
|---|---|---|---|---|---|
| ACI | C | 4.88% | 0.42% | 0.42% | |
| AMED | F | 4.57% | 3.17% | 3.17% | |
| ANSS | B | 3.85% | 2.82% | 2.82% | |
| AXNX | A | 4.2% | 2.98% | 2.98% | |
| CHX | C | 2.78% | 2.68% | 2.68% | |
| CTLT | C | 3.17% | 3.94% | 3.17% | |
| EDR | A | 4.92% | 1.48% | 1.48% | |
| ENV | B | 2.38% | 1.51% | 1.51% | |
| ESGR | B | 3.18% | 1.4% | 1.4% | |
| EVRI | A | 3.48% | 0.7% | 0.7% | |
| HCP | B | 5.64% | 3.69% | 3.69% | |
| HES | B | 3.07% | 4.35% | 3.07% | |
| JNPR | D | 3.65% | 3.35% | 3.35% | |
| K | A | 3.28% | 1.74% | 1.74% | |
| MGRC | B | 2.75% | 2.56% | 2.56% | |
| MRO | B | 2.03% | 1.54% | 1.54% | |
| RCM | A | 2.07% | 1.19% | 1.19% | |
| SNPS | B | -2.21% | -1.24% | -2.21% | |
| VZIO | A | 3.05% | 1.21% | 1.21% | |
| WSC | F | -1.0% | -0.9% | -1.0% |
MARB Underweight 24 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| HA | A | -3.73% | |
| PETQ | A | -3.29% | |
| PRFT | B | -3.16% | |
| SRCL | B | -2.55% | |
| X | B | -1.88% | |
| CCI | C | -1.78% | |
| INST | B | -1.77% | |
| SILK | A | -1.46% | |
| DIS | B | -1.07% | |
| SQSP | A | -0.98% | |
| CHUY | B | -0.96% | |
| CPRI | F | -0.92% | |
| AURA | D | -0.86% | |
| PVH | C | -0.85% | |
| PARA | C | -0.83% | |
| CZR | F | -0.81% | |
| PACB | F | -0.81% | |
| VFC | C | -0.78% | |
| GTHX | A | -0.77% | |
| WBD | B | -0.76% | |
| RIVN | F | -0.76% | |
| SNOW | B | -0.74% | |
| BE | B | -0.51% | |
| CLSD | F | -0.33% |
MARB: Top Represented Industries & Keywords
EVNT: Top Represented Industries & Keywords
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