SLX vs. ARB ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to AltShares Merger Arbitrage ETF (ARB)
SLX
Market Vectors Steel Index ETF Fund
SLX Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts ("ADRs") of companies involved in the steel industry. Such companies may include medium-capitalization companies and foreign issuers. The fund may also utilize convertible securities and participation notes to seek performance that corresponds to the Steel Index. It is non-diversified.
Grade (RS Rating)
Last Trade
$71.46
Average Daily Volume
17,475
25
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
$26.79
Average Daily Volume
22,318
32
Performance
| Period | SLX | ARB |
|---|---|---|
| 30 Days | -1.38% | -1.06% |
| 60 Days | -0.09% | -1.16% |
| 90 Days | 3.38% | 0.70% |
| 12 Months | 23.33% | 6.15% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in ARB | Overlap | |
|---|---|---|---|---|---|
| X | D | 4.18% | 1.82% | 1.82% |
SLX Overweight 24 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | B | 10.92% | |
| VALE | C | 8.2% | |
| CRS | B | 6.63% | |
| NUE | D | 5.93% | |
| HCC | B | 5.34% | |
| ATI | B | 5.15% | |
| MT | D | 4.8% | |
| STLD | D | 4.62% | |
| CMC | C | 4.59% | |
| GGB | D | 4.56% | |
| TX | B | 4.47% | |
| RS | D | 4.41% | |
| PKX | F | 4.38% | |
| TS | D | 4.22% | |
| SID | F | 3.99% | |
| CLF | F | 3.83% | |
| ROCK | D | 2.23% | |
| WS | C | 1.66% | |
| RDUS | F | 1.0% | |
| SXC | D | 0.87% | |
| ASTL | F | 0.82% | |
| RYI | F | 0.81% | |
| USAP | B | 0.77% | |
| ZEUS | F | 0.73% |
SLX Underweight 31 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% | |
| JNPR | D | -2.68% | |
| CERE | B | -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% | |
| SP | C | -1.39% | |
| HAYN | C | -1.39% | |
| AMED | D | -1.36% | |
| OLK | D | -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 | A | -0.52% | |
| ONB | A | --0.13% | |
| CHRD | B | --1.89% | |
| COF | B | --2.2% |
SLX: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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