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

$29.27

Average Daily Volume

512

Number of Holdings *

32

* may have additional holdings in another (foreign) market
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

$27.95

Average Daily Volume

8,778

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period MEDX ARB
30 Days -4.20% 0.67%
60 Days -8.31% 1.19%
90 Days -4.39% 2.09%
12 Months 4.75% 6.56%
0 Overlapping Holdings
Symbol Grade Weight in MEDX Weight in ARB Overlap
MEDX Overweight 32 Positions Relative to ARB
Symbol Grade Weight
LLY F 16.14%
ABBV A 8.78%
AMGN C 6.01%
NVS D 5.98%
BMY A 5.3%
AZN F 5.15%
JNJ D 4.65%
ALNY C 4.6%
PFE D 4.19%
MRK F 3.99%
REGN F 3.77%
ALKS F 3.44%
BIIB F 3.21%
CRSP C 2.87%
IONS F 2.78%
GSK F 2.36%
BCYC D 1.96%
BEAM F 1.22%
NTLA F 1.17%
REPL B 0.99%
HLN D 0.78%
GALT F 0.77%
VNDA D 0.67%
EDIT F 0.54%
LTRN F 0.53%
GEHC D 0.48%
TSVT D 0.45%
ALLO D 0.29%
VTRS B 0.24%
PACB C 0.14%
BLUE F 0.1%
MURA D 0.05%
MEDX Underweight 44 Positions Relative to ARB
Symbol Grade Weight
MRO C -2.76%
RCM A -2.73%
CTLT D -2.72%
HCP A -2.72%
SPR C -2.68%
K A -2.67%
JNPR A -2.66%
ANSS C -2.57%
INFN B -2.27%
SRCL A -2.19%
CHX F -2.19%
ENV A -2.17%
SILK A -2.16%
PETQ A -2.14%
EVRI A -2.13%
RVNC C -2.07%
HA A -2.02%
HES B -1.95%
DFS A -1.9%
X C -1.85%
DO D -1.83%
ALE A -1.81%
PRFT A -1.81%
PWSC C -1.81%
AXNX A -1.81%
INST A -1.79%
VZIO C -1.78%
AMK B -1.78%
GTHX A -1.72%
SRDX D -1.4%
FBMS B -1.16%
HTLF A -1.15%
BALY A -1.14%
CHUY B -1.13%
TWKS A -1.11%
MGRC A -1.07%
ITI A -1.07%
SWN C -0.94%
CALT C -0.58%
AAN B -0.56%
CNSL A -0.54%
AGS A -0.53%
HAYN A -0.53%
SRCL A -0.5%
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