PSL vs. ARB ETF Comparison
Comparison of PowerShares Dynamic Consumer Staples (PSL) to AltShares Merger Arbitrage ETF (ARB)
PSL
PowerShares Dynamic Consumer Staples
PSL Description
The PowerShares Dynamic Consumer Staples Sector Portfolio (Fund) is based on the Dynamic Consumer Staples Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$94.95
Average Daily Volume
1,634
35
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
$26.72
Average Daily Volume
21,777
32
Performance
| Period | PSL | ARB |
|---|---|---|
| 30 Days | -2.66% | -1.67% |
| 60 Days | -0.89% | -0.47% |
| 90 Days | 3.67% | -0.12% |
| 12 Months | 8.99% | 4.12% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PSL | Weight in ARB | Overlap |
|---|
PSL Overweight 35 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| CHD | A | 4.45% | |
| COST | B | 4.15% | |
| SFM | A | 4.04% | |
| SCI | C | 3.89% | |
| ELF | C | 3.87% | |
| PG | A | 3.63% | |
| KR | B | 3.6% | |
| CASY | A | 3.5% | |
| CELH | C | 3.31% | |
| PEP | A | 3.28% | |
| BRBR | C | 3.15% | |
| COKE | C | 3.08% | |
| USFD | C | 3.06% | |
| TAP | D | 3.06% | |
| KHC | A | 3.05% | |
| HRB | D | 3.04% | |
| MNST | D | 2.78% | |
| FRPT | C | 2.7% | |
| MDLZ | B | 2.67% | |
| ANDE | B | 2.61% | |
| CALM | B | 2.42% | |
| COTY | D | 2.34% | |
| LRN | B | 2.32% | |
| LOPE | C | 2.31% | |
| LAUR | A | 2.27% | |
| BFAM | C | 2.27% | |
| POST | B | 2.27% | |
| INGR | C | 2.23% | |
| PFGC | D | 2.21% | |
| IPAR | F | 2.18% | |
| UTI | B | 2.14% | |
| WDFC | F | 2.08% | |
| STRA | A | 2.03% | |
| PRDO | A | 2.01% | |
| UTZ | B | 1.86% |
PSL Underweight 32 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | -3.66% | |
| HES | A | -3.57% | |
| CTLT | C | -3.52% | |
| ANSS | C | -3.4% | |
| MDC | A | -2.74% | |
| AXNX | D | -2.74% | |
| DOOR | A | -2.7% | |
| JNPR | D | -2.68% | |
| CERE | A | -2.64% | |
| EVBG | B | -2.08% | |
| VZIO | C | -2.0% | |
| KAMN | A | -1.96% | |
| DFS | A | -1.89% | |
| CPRI | F | -1.88% | |
| SWN | A | -1.86% | |
| X | D | -1.82% | |
| SP | B | -1.39% | |
| HAYN | A | -1.39% | |
| AMED | D | -1.36% | |
| OLK | C | -1.31% | |
| HA | D | -1.29% | |
| MGRC | C | -1.01% | |
| WRK | B | -0.99% | |
| EGLE | B | -0.73% | |
| TAST | A | -0.69% | |
| NWLI | A | -0.66% | |
| CNSL | C | -0.65% | |
| CSTR | A | -0.61% | |
| TGAN | B | -0.52% | |
| ONB | B | --0.13% | |
| CHRD | A | --1.89% | |
| COF | A | --2.2% |
PSL: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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