SPCX vs. ARB ETF Comparison
Comparison of SPAC and New Issue ETF (SPCX) to AltShares Merger Arbitrage ETF (ARB)
SPCX
SPAC and New Issue ETF
SPCX Description
The investment seeks to provide total return. In pursuing the fund's investment objective, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Corporations (SPACs) that have a minimum capitalization of $100 million and companies that completed an initial public offering (IPO) within the last two years. It may also invest in depositary receipts for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.
Grade (RS Rating)
Last Trade
$23.26
Average Daily Volume
2,215
21
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
$26.69
Average Daily Volume
21,848
32
Performance
| Period | SPCX | ARB |
|---|---|---|
| 30 Days | 0.32% | -1.68% |
| 60 Days | 0.39% | -0.55% |
| 90 Days | 0.10% | -0.24% |
| 12 Months | -1.57% | 4.09% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPCX | Weight in ARB | Overlap |
|---|
SPCX Overweight 21 Positions Relative to ARB
SPCX Underweight 32 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | A | -3.66% | |
| HES | A | -3.57% | |
| CTLT | C | -3.52% | |
| ANSS | C | -3.4% | |
| MDC | A | -2.74% | |
| AXNX | C | -2.74% | |
| DOOR | A | -2.7% | |
| JNPR | C | -2.68% | |
| CERE | A | -2.64% | |
| EVBG | A | -2.08% | |
| VZIO | B | -2.0% | |
| KAMN | A | -1.96% | |
| DFS | A | -1.89% | |
| CPRI | F | -1.88% | |
| SWN | A | -1.86% | |
| X | F | -1.82% | |
| SP | C | -1.39% | |
| HAYN | A | -1.39% | |
| AMED | D | -1.36% | |
| OLK | C | -1.31% | |
| HA | D | -1.29% | |
| MGRC | D | -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% |
SPCX: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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