SMDV vs. ARB ETF Comparison

Comparison of ProShares Russell 2000 Dividend Growers ETF (SMDV) to AltShares Merger Arbitrage ETF (ARB)

SMDV

ProShares Russell 2000 Dividend Growers ETF

SMDV Description

The investment seeks investment results before fees and expenses that track the performance of the Russell 2000 Dividend Growth Index. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities (i.e., securities of the index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the index). The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index&#39;s weight.

Grade (RS Rating)

Last Trade

$73.70

Average Daily Volume

29,625

Number of Holdings ^*

* 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

$27.91

Average Daily Volume

11,089

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMDV	ARB
30 Days	7.47%	0.04%
60 Days	6.92%	0.20%
90 Days	6.62%	1.26%
12 Months	30.08%	5.53%

2 Overlapping Holdings

	Symbol	Grade	Weight in SMDV	Weight in ARB	Overlap
	ALE	A	0.94%	1.81%	0.94%
	MGRC	B	1.09%	1.07%	1.07%

SMDV Overweight 96 Positions Relative to ARB

Symbol	Grade	Weight
AIT	B	1.29%
APOG	C	1.23%
TMP	B	1.21%
MATX	C	1.21%
KAI	B	1.2%
ASB	B	1.16%
MWA	B	1.16%
WASH	C	1.15%
GFF	A	1.14%
CADE	B	1.14%
SXI	B	1.12%
INDB	B	1.11%
AMSF	B	1.11%
SFNC	C	1.11%
TRN	B	1.11%
HFWA	C	1.11%
PFBC	B	1.11%
GABC	B	1.1%
FRME	B	1.1%
ORRF	B	1.09%
CBU	B	1.09%
PFC	B	1.08%
CSGS	B	1.08%
FULT	A	1.08%
HMN	B	1.08%
IBCP	B	1.08%
PEBO	B	1.08%
GRC	A	1.07%
WSBC	B	1.07%
HI	C	1.07%
AUB	B	1.06%
UBSI	B	1.06%
CNS	B	1.06%
BMI	B	1.06%
LMAT	A	1.06%
MBWM	B	1.06%
GATX	A	1.05%
NPO	A	1.04%
ABR	C	1.04%
MTRN	C	1.04%
UCB	A	1.04%
ALG	B	1.04%
AVNT	B	1.04%
FIBK	B	1.04%
PNM	B	1.03%
FELE	B	1.03%
WTS	B	1.03%
OGS	A	1.0%
ABM	B	1.0%
HNI	B	1.0%
SBSI	C	1.0%
LNN	B	1.0%
ODC	B	0.99%
NBTB	B	0.99%
WDFC	B	0.99%
CCOI	B	0.98%
MSEX	C	0.98%
CPK	A	0.98%
POWI	F	0.98%
KWR	C	0.97%
BCPC	B	0.97%
BKH	A	0.97%
SCL	C	0.97%
LANC	C	0.96%
NJR	A	0.95%
OTTR	C	0.95%
BUSE	B	0.95%
STBA	B	0.95%
AWR	B	0.95%
NWN	A	0.95%
NXRT	B	0.94%
MATW	C	0.94%
UVV	B	0.94%
CTRE	C	0.93%
SR	A	0.93%
JJSF	C	0.93%
UTL	B	0.93%
NWE	B	0.93%
ANDE	D	0.91%
GTY	A	0.91%
ENSG	C	0.9%
EXPO	D	0.89%
AVA	A	0.89%
FUL	F	0.88%
POR	C	0.88%
PLOW	D	0.87%
YORW	F	0.86%
JOUT	F	0.85%
HY	D	0.85%
CWT	C	0.85%
UHT	D	0.84%
SJW	F	0.84%
TRNO	F	0.82%
NSP	F	0.8%
HASI	D	0.79%
SPTN	D	0.75%

SMDV Underweight 41 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%
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%