MEDX vs. ARB ETF Comparison
Comparison of Horizon Kinetics Medical ETF (MEDX) to AltShares Merger Arbitrage ETF (ARB)
MEDX
Horizon Kinetics Medical ETF
MEDX Description
The fund is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$27.37
Average Daily Volume
1,018
32
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
$27.91
Average Daily Volume
11,089
43
Performance
| Period | MEDX | ARB |
|---|---|---|
| 30 Days | -10.09% | 0.04% |
| 60 Days | -12.50% | 0.20% |
| 90 Days | -13.78% | 1.26% |
| 12 Months | -4.11% | 5.53% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MEDX | Weight in ARB | Overlap |
|---|
MEDX Overweight 32 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| LLY | F | 15.83% | |
| ABBV | F | 7.81% | |
| BMY | B | 6.23% | |
| AMGN | F | 5.96% | |
| NVS | F | 5.95% | |
| AZN | F | 4.86% | |
| JNJ | C | 4.65% | |
| ALNY | D | 4.45% | |
| PFE | F | 4.04% | |
| MRK | D | 3.96% | |
| ALKS | C | 3.91% | |
| REGN | F | 3.38% | |
| BIIB | F | 3.08% | |
| CRSP | D | 2.97% | |
| IONS | F | 2.78% | |
| GSK | F | 2.32% | |
| BCYC | F | 1.95% | |
| BEAM | D | 1.51% | |
| NTLA | F | 1.3% | |
| REPL | D | 0.98% | |
| GALT | C | 0.89% | |
| HLN | C | 0.79% | |
| VNDA | C | 0.79% | |
| LTRN | F | 0.6% | |
| EDIT | F | 0.53% | |
| GEHC | D | 0.48% | |
| TSVT | F | 0.41% | |
| ALLO | F | 0.28% | |
| VTRS | A | 0.27% | |
| PACB | F | 0.13% | |
| BLUE | F | 0.08% | |
| MURA | D | 0.05% |
MEDX Underweight 43 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MRO | B | -2.76% | |
| RCM | A | -2.73% | |
| CTLT | C | -2.72% | |
| HCP | B | -2.72% | |
| SPR | D | -2.68% | |
| K | A | -2.67% | |
| JNPR | D | -2.66% | |
| ANSS | B | -2.57% | |
| INFN | D | -2.27% | |
| SRCL | B | -2.19% | |
| CHX | C | -2.19% | |
| ENV | B | -2.17% | |
| SILK | A | -2.16% | |
| PETQ | A | -2.14% | |
| EVRI | A | -2.13% | |
| RVNC | F | -2.07% | |
| HA | A | -2.02% | |
| HES | B | -1.95% | |
| DFS | B | -1.9% | |
| X | B | -1.85% | |
| DO | D | -1.83% | |
| ALE | A | -1.81% | |
| PRFT | B | -1.81% | |
| PWSC | C | -1.81% | |
| AXNX | A | -1.81% | |
| INST | B | -1.79% | |
| VZIO | A | -1.78% | |
| AMK | B | -1.78% | |
| GTHX | A | -1.72% | |
| SRDX | B | -1.4% | |
| FBMS | B | -1.16% | |
| HTLF | B | -1.15% | |
| BALY | B | -1.14% | |
| CHUY | B | -1.13% | |
| TWKS | B | -1.11% | |
| MGRC | B | -1.07% | |
| SWN | C | -0.94% | |
| CALT | C | -0.58% | |
| AAN | B | -0.56% | |
| CNSL | C | -0.54% | |
| AGS | A | -0.53% | |
| HAYN | A | -0.53% | |
| SRCL | B | -0.5% |
MEDX: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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