PILL vs. ARB ETF Comparison
Comparison of Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL) to AltShares Merger Arbitrage ETF (ARB)
PILL
Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF
PILL Description
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Pharmaceuticals Select Industry Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS pharmaceuticals sub-industry. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$6.83
Average Daily Volume
81,644
40
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
$26.65
Average Daily Volume
18,840
32
Performance
| Period | PILL | ARB |
|---|---|---|
| 30 Days | -11.02% | -1.87% |
| 60 Days | -25.48% | -1.44% |
| 90 Days | -15.16% | 0.19% |
| 12 Months | -24.15% | 4.67% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PILL | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| CTLT | C | 4.11% | 3.52% | 3.52% |
PILL Overweight 39 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| ITCI | B | 4.45% | |
| MRK | B | 4.41% | |
| PRGO | A | 4.24% | |
| OGN | A | 4.16% | |
| AXSM | D | 4.03% | |
| LLY | C | 3.96% | |
| VTRS | C | 3.9% | |
| PFE | C | 3.87% | |
| RPRX | C | 3.86% | |
| JNJ | D | 3.83% | |
| JAZZ | F | 3.81% | |
| ZTS | D | 3.51% | |
| BMY | F | 3.46% | |
| ELAN | C | 3.3% | |
| CORT | C | 2.84% | |
| ARVN | D | 2.1% | |
| AMPH | D | 1.82% | |
| SAVA | B | 1.78% | |
| EYPT | D | 1.61% | |
| TARS | B | 1.45% | |
| PBH | B | 1.24% | |
| PCRX | D | 1.02% | |
| LBPH | B | 1.01% | |
| HRMY | B | 0.99% | |
| COLL | B | 0.95% | |
| INVA | A | 0.9% | |
| LQDA | C | 0.83% | |
| SUPN | C | 0.75% | |
| AMRX | A | 0.73% | |
| LGND | C | 0.68% | |
| ANIP | B | 0.54% | |
| PLRX | F | 0.49% | |
| RVNC | F | 0.47% | |
| EOLS | C | 0.39% | |
| TBPH | B | 0.33% | |
| XERS | D | 0.3% | |
| OCUL | D | 0.27% | |
| FULC | D | 0.23% | |
| MRNS | F | 0.06% |
PILL Underweight 31 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | -3.66% | |
| HES | B | -3.57% | |
| ANSS | F | -3.4% | |
| MDC | A | -2.74% | |
| AXNX | C | -2.74% | |
| DOOR | A | -2.7% | |
| JNPR | D | -2.68% | |
| CERE | A | -2.64% | |
| EVBG | B | -2.08% | |
| VZIO | D | -2.0% | |
| KAMN | A | -1.96% | |
| DFS | B | -1.89% | |
| CPRI | F | -1.88% | |
| SWN | B | -1.86% | |
| X | F | -1.82% | |
| SP | C | -1.39% | |
| HAYN | B | -1.39% | |
| AMED | D | -1.36% | |
| OLK | C | -1.31% | |
| HA | D | -1.29% | |
| MGRC | D | -1.01% | |
| WRK | A | -0.99% | |
| EGLE | B | -0.73% | |
| TAST | A | -0.69% | |
| NWLI | A | -0.66% | |
| CNSL | B | -0.65% | |
| CSTR | A | -0.61% | |
| TGAN | C | -0.52% | |
| ONB | A | --0.13% | |
| CHRD | B | --1.89% | |
| COF | B | --2.2% |
PILL: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
Compare ETFs
