RNWZ vs. ARB ETF Comparison
Comparison of TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) to AltShares Merger Arbitrage ETF (ARB)
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF
RNWZ Description
The fund is an actively managed ETF that invests primarily in equity securities of domestic and foreign companies that primarily own or operate assets used in the development, generation, production, transmission, storage and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower, nuclear or geothermal power. The fund also may invest in American Depository Receipts ("ADRs") and Global Depository Receipts ("GDRs") of Renewable Energy Infrastructure Companies. It is non-diversified.
Grade (RS Rating)
Last Trade
$22.42
Average Daily Volume
555
8
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
$27.94
Average Daily Volume
11,089
43
Performance
| Period | RNWZ | ARB |
|---|---|---|
| 30 Days | -5.96% | 0.04% |
| 60 Days | -9.30% | 0.20% |
| 90 Days | -5.75% | 1.26% |
| 12 Months | 7.47% | 5.53% |
1 Overlapping Holdings
| Symbol | Grade | Weight in RNWZ | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| ALE | A | 4.21% | 1.81% | 1.81% |
RNWZ Underweight 42 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% | |
| 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% |
RNWZ: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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