MARB vs. HIPS ETF Comparison
Comparison of First Trust Merger Arbitrage ETF (MARB) to Master Income ETF (HIPS)
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
$19.56
Average Daily Volume
20,605
24
HIPS
Master Income ETF
HIPS Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.Grade (RS Rating)
Last Trade
$12.63
Average Daily Volume
26,268
37
Performance
| Period | MARB | HIPS |
|---|---|---|
| 30 Days | -1.57% | 0.31% |
| 60 Days | -1.57% | 1.78% |
| 90 Days | -1.91% | 2.87% |
| 12 Months | -0.99% | 20.44% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MARB | Weight in HIPS | Overlap | |
|---|---|---|---|---|---|
| NS | C | 2.27% | 2.91% | 2.27% |
MARB Overweight 23 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | 5.47% | |
| ACI | F | 5.14% | |
| AMED | D | 4.59% | |
| AXNX | C | 4.03% | |
| X | F | 3.74% | |
| JNPR | C | 3.48% | |
| ANSS | C | 3.46% | |
| HES | A | 3.14% | |
| CERE | A | 3.04% | |
| CTLT | C | 3.01% | |
| DFS | A | 3.0% | |
| VZIO | B | 2.95% | |
| NWLI | A | 2.1% | |
| LBAI | C | 2.07% | |
| CPRI | F | 1.58% | |
| SP | C | 1.56% | |
| KAMN | A | 1.52% | |
| SNPS | C | -1.94% | |
| PFS | C | -2.12% | |
| SUN | C | -2.29% | |
| CVX | A | -3.33% | |
| COF | A | -3.49% | |
| XOM | A | -5.9% |
MARB Underweight 36 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| WES | A | -3.05% | |
| PAA | A | -2.98% | |
| ET | A | -2.82% | |
| BXSL | A | -2.79% | |
| MPLX | A | -2.73% | |
| GBDC | A | -2.71% | |
| EPD | A | -2.69% | |
| DMLP | A | -2.61% | |
| EFT | A | -2.6% | |
| BGX | A | -2.6% | |
| JFR | A | -2.58% | |
| PK | C | -2.57% | |
| USAC | C | -2.56% | |
| GSBD | A | -2.56% | |
| JQC | B | -2.54% | |
| FCT | A | -2.53% | |
| ARCC | A | -2.52% | |
| FDUS | A | -2.48% | |
| SLRC | A | -2.46% | |
| OHI | C | -2.41% | |
| BSM | A | -2.4% | |
| LTC | A | -2.39% | |
| NMFC | B | -2.39% | |
| DSU | C | -2.38% | |
| BLW | C | -2.38% | |
| FSK | A | -2.36% | |
| CQP | D | -2.35% | |
| ALX | C | -2.34% | |
| FSD | B | -2.34% | |
| SBRA | C | -2.31% | |
| NBB | D | -2.26% | |
| GTY | B | -2.26% | |
| NNN | C | -2.26% | |
| GLPI | F | -2.12% | |
| EPR | D | -2.03% | |
| GNL | D | -1.65% |
MARB: Top Represented Industries & Keywords
HIPS: Top Represented Industries & Keywords
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