SIXL vs. ARB ETF Comparison

Comparison of 6 Meridian Low Beta Equity Strategy ETF (SIXL) to AltShares Merger Arbitrage ETF (ARB)

SIXL

6 Meridian Low Beta Equity Strategy ETF

SIXL Description

The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities. The equity securities in which it invests are mainly common stocks. The fund may invest in equity securities of companies of any capitalization. It also may invest in real estate investment trusts (REITs).

Grade (RS Rating)

Last Trade

$34.88

Average Daily Volume

5,961

Number of Holdings ^*

237

* 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

$26.86

Average Daily Volume

19,624

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SIXL	ARB
30 Days	3.59%	-0.96%
60 Days	2.31%	-0.82%
90 Days	5.20%	0.38%
12 Months	11.17%	7.23%

2 Overlapping Holdings

	Symbol	Grade	Weight in SIXL	Weight in ARB	Overlap
	AMED	C	0.41%	1.36%	0.41%
	JNPR	D	0.38%	2.68%	0.38%

SIXL Overweight 235 Positions Relative to ARB

Symbol	Grade	Weight
PRDO	B	0.57%
VST	B	0.54%
PRGO	C	0.49%
RTX	A	0.47%
WWD	A	0.47%
ATEN	B	0.47%
GDDY	A	0.47%
SFM	A	0.47%
K	B	0.47%
HCI	B	0.47%
MCY	A	0.47%
KDP	B	0.47%
AVA	B	0.46%
CAG	B	0.46%
FLO	B	0.46%
CWT	B	0.46%
NPK	A	0.46%
STRA	A	0.46%
VRRM	A	0.46%
XEL	C	0.46%
SMPL	B	0.46%
PPC	A	0.46%
LRN	A	0.46%
PEG	A	0.45%
IDA	B	0.45%
CVX	B	0.45%
EPRT	A	0.45%
CW	A	0.45%
UTHR	B	0.45%
XOM	B	0.45%
CORT	D	0.45%
EHC	A	0.45%
CACI	A	0.45%
IRDM	D	0.45%
KR	B	0.45%
KMB	B	0.45%
ATGE	A	0.45%
RGLD	B	0.45%
SO	A	0.45%
MKC	B	0.45%
RGR	F	0.45%
DUK	A	0.44%
EVRG	B	0.44%
NBIX	B	0.44%
LTC	A	0.44%
CPB	B	0.44%
ED	A	0.44%
CPK	B	0.44%
MO	A	0.44%
UVV	B	0.44%
OGS	C	0.44%
PGR	A	0.44%
CL	A	0.44%
LMT	A	0.44%
BSX	B	0.44%
WEN	B	0.44%
HMN	A	0.44%
FDP	D	0.44%
DTM	A	0.44%
DGX	B	0.44%
CTRE	B	0.44%
PNW	B	0.44%
PEP	B	0.44%
KBR	B	0.44%
WTRG	B	0.44%
BRC	B	0.43%
WING	A	0.43%
OGE	A	0.43%
ATO	A	0.43%
NYT	B	0.43%
CHD	A	0.43%
CXW	C	0.43%
MRK	B	0.43%
COKE	B	0.43%
CRVL	B	0.43%
ELV	A	0.43%
NWN	B	0.43%
KHC	C	0.43%
CNP	B	0.43%
PPL	A	0.43%
KO	A	0.43%
UNH	C	0.43%
FCN	B	0.43%
BJ	B	0.43%
TXRH	B	0.43%
RGA	A	0.43%
THS	F	0.43%
ORI	A	0.43%
NJR	B	0.43%
NWE	B	0.43%
GD	A	0.43%
CASY	A	0.43%
MASI	D	0.43%
CVLT	A	0.43%
ALE	B	0.43%
MCK	B	0.42%
POST	B	0.42%
UTL	B	0.42%
OHI	B	0.42%
INVA	B	0.42%
PINC	F	0.42%
EPC	B	0.42%
RSG	C	0.42%
EZPW	D	0.42%
AEL	A	0.42%
SR	B	0.42%
SAFT	B	0.42%
CMS	A	0.42%
GTY	B	0.42%
BDX	F	0.42%
ATR	A	0.42%
AWR	C	0.42%
ANIP	D	0.42%
HSTM	B	0.42%
COLL	C	0.42%
WEC	B	0.42%
PG	A	0.42%
NOC	B	0.42%
MMSI	B	0.42%
AEE	C	0.42%
RDN	C	0.42%
TMUS	B	0.41%
MDLZ	B	0.41%
AMBC	A	0.41%
LMAT	A	0.41%
WMT	C	0.41%
PSMT	A	0.41%
EXEL	F	0.41%
HQY	D	0.41%
INGR	A	0.41%
GO	F	0.41%
VRSK	B	0.41%
ADUS	A	0.41%
THG	A	0.41%
JBSS	D	0.41%
WM	B	0.41%
ARMK	C	0.41%
OLLI	B	0.41%
FCPT	B	0.41%
PBH	D	0.41%
CB	C	0.41%
LQDT	C	0.41%
CHH	F	0.41%
DTE	A	0.41%
NNN	B	0.41%
LOPE	B	0.41%
EG	C	0.41%
TGNA	D	0.41%
AMGN	B	0.41%
CALM	D	0.41%
CNC	C	0.4%
IDCC	B	0.4%
REGN	C	0.4%
MUSA	D	0.4%
RLI	A	0.4%
LLY	C	0.4%
SPNT	C	0.4%
DFIN	B	0.4%
USFD	C	0.4%
CRC	F	0.4%
AIZ	D	0.4%
SJW	D	0.4%
WPC	C	0.4%
VZ	D	0.4%
NARI	F	0.4%
DLB	C	0.4%
SPTN	D	0.4%
T	B	0.4%
PSX	D	0.4%
NHC	B	0.4%
MORN	D	0.39%
SYY	D	0.39%
LANC	D	0.39%
JNJ	F	0.39%
SAM	D	0.39%
CME	C	0.39%
WU	C	0.39%
MDT	D	0.39%
PDCO	D	0.39%
BRBR	C	0.39%
VREX	F	0.39%
PRGS	F	0.39%
SCHL	F	0.39%
NTCT	F	0.39%
EIG	D	0.39%
ITGR	D	0.39%
ELS	D	0.39%
JJSF	B	0.39%
GLPI	D	0.39%
NABL	D	0.39%
NSIT	A	0.39%
RNR	C	0.39%
HSIC	D	0.38%
SIGI	F	0.38%
FHI	D	0.38%
FIZZ	D	0.38%
WTW	D	0.38%
TAP	F	0.38%
DVAX	D	0.38%
CBOE	C	0.38%
ENSG	D	0.38%
CLX	F	0.38%
ORLY	D	0.38%
TR	F	0.38%
CAH	F	0.38%
JAZZ	D	0.38%
WRB	D	0.38%
MCD	F	0.38%
ERIE	C	0.38%
CCOI	F	0.37%
ABT	F	0.37%
ABBV	D	0.37%
AMSF	D	0.37%
HXL	C	0.37%
PFGC	D	0.37%
GILD	F	0.37%
BWXT	D	0.37%
SAIC	C	0.37%
WDFC	D	0.37%
PCRX	D	0.37%
DECK	D	0.37%
AVAV	A	0.37%
MOH	D	0.36%
CHE	D	0.36%
AON	F	0.36%
MCS	F	0.35%
AGO	D	0.35%
NEU	D	0.35%
MANH	D	0.34%
ALKS	F	0.34%
LW	F	0.34%
OSUR	F	0.32%
CVS	F	0.31%
ULTA	F	0.3%
KNSL	D	0.28%

SIXL Underweight 30 Positions Relative to ARB

Symbol	Grade	Weight
PXD	B	-3.66%
HES	B	-3.57%
CTLT	D	-3.52%
ANSS	D	-3.4%
MDC	A	-2.74%
AXNX	C	-2.74%
DOOR	A	-2.7%
CERE	B	-2.64%
EVBG	B	-2.08%
VZIO	D	-2.0%
KAMN	A	-1.96%
DFS	C	-1.89%
CPRI	F	-1.88%
SWN	C	-1.86%
X	D	-1.82%
SP	C	-1.39%
HAYN	D	-1.39%
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	C	-0.65%
CSTR	A	-0.61%
TGAN	B	-0.52%
ONB	A	--0.13%
CHRD	B	--1.89%
COF	B	--2.2%