MARB vs. KBE ETF Comparison

Comparison of First Trust Merger Arbitrage ETF (MARB) to SPDR S&P Bank ETF (KBE)

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.28

Average Daily Volume

1,814,987

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MARB	KBE
30 Days	-1.03%	10.56%
60 Days	-1.01%	12.89%
90 Days	-1.64%	13.40%
12 Months	-0.91%	57.32%

3 Overlapping Holdings

Symbol	Grade	Weight in MARB	Weight in KBE	Overlap
IBTX	B	2.21%	0.77%	0.77%
SSB	B	-2.22%	1.13%	-2.22%
UMBF	B	-8.33%	1.17%	-8.33%

MARB Overweight 31 Positions Relative to KBE

Symbol	Grade	Weight
HTLF	B	7.98%
HCP	B	5.64%
EDR	A	4.92%
ACI	C	4.88%
DFS	B	4.67%
AMED	F	4.57%
AXNX	A	4.2%
NAPA	A	3.99%
ANSS	B	3.85%
B	A	3.78%
JNPR	D	3.65%
EVRI	A	3.48%
K	A	3.28%
ESGR	B	3.18%
CTLT	C	3.17%
HES	B	3.07%
VZIO	A	3.05%
CHX	C	2.78%
LBPH	A	2.78%
MGRC	B	2.75%
FYBR	C	2.53%
ENV	B	2.38%
SRDX	B	2.29%
RCM	A	2.07%
MRO	B	2.03%
WSC	F	-1.0%
COP	C	-2.02%
SNPS	B	-2.21%
CVX	A	-3.56%
SLB	C	-4.15%
COF	C	-5.12%

MARB Underweight 90 Positions Relative to KBE

Symbol	Grade	Weight
APO	B	-1.45%
WFC	A	-1.42%
WBS	A	-1.37%
EWBC	A	-1.32%
PNFP	B	-1.32%
FHN	A	-1.3%
MTB	A	-1.29%
ZION	B	-1.29%
GBCI	B	-1.29%
AX	B	-1.28%
CFR	B	-1.28%
SNV	C	-1.27%
COLB	B	-1.27%
WTFC	A	-1.27%
ASB	B	-1.26%
NTRS	A	-1.25%
HBAN	A	-1.25%
TCBI	C	-1.24%
JXN	C	-1.22%
BAC	A	-1.22%
KEY	B	-1.21%
C	A	-1.21%
BOH	B	-1.21%
RF	A	-1.21%
FCNCA	A	-1.21%
JPM	A	-1.21%
VLY	B	-1.21%
CADE	B	-1.2%
CMA	B	-1.2%
EQH	C	-1.19%
FNB	A	-1.19%
FULT	A	-1.19%
CFG	B	-1.18%
CBSH	B	-1.18%
PNC	B	-1.18%
HWC	B	-1.17%
OZK	B	-1.17%
BKU	A	-1.16%
BK	A	-1.16%
USB	A	-1.15%
PB	B	-1.15%
HOMB	A	-1.15%
CRBG	B	-1.14%
TBBK	B	-1.14%
ABCB	B	-1.14%
ONB	C	-1.14%
UBSI	B	-1.14%
FITB	B	-1.13%
TFC	A	-1.13%
BANC	B	-1.13%
FFIN	B	-1.13%
VOYA	B	-1.1%
FIBK	B	-1.1%
WAL	B	-1.1%
FBP	C	-1.04%
COOP	B	-1.04%
AUB	B	-1.03%
EBC	B	-1.03%
CVBF	A	-1.02%
PFS	B	-1.0%
CBU	B	-0.99%
MTG	C	-0.99%
BPOP	C	-0.99%
WD	D	-0.99%
RDN	D	-0.98%
CATY	B	-0.97%
INDB	B	-0.97%
BOKF	B	-0.94%
NMIH	C	-0.93%
UCB	A	-0.91%
SFBS	C	-0.9%
PFSI	C	-0.9%
ESNT	F	-0.89%
IBOC	B	-0.89%
FHB	B	-0.88%
WAFD	B	-0.83%
RNST	B	-0.82%
WSFS	B	-0.81%
TFIN	B	-0.79%
PPBI	C	-0.78%
BANR	B	-0.75%
SBCF	B	-0.72%
RKT	F	-0.69%
SFNC	C	-0.64%
TRMK	C	-0.61%
FFBC	B	-0.61%
HTH	C	-0.58%
FRME	B	-0.56%
LKFN	C	-0.45%
WSBC	B	-0.44%