TOKE vs. ARB ETF Comparison
Comparison of Cambria Cannabis ETF (TOKE) to AltShares Merger Arbitrage ETF (ARB)
TOKE
Cambria Cannabis ETF
TOKE Description
The investment seeks capital appreciation from investments in the global equity markets that have exposure to the broad cannabis industry. Under normal market conditions, at least 80% of the value of the fund’s net assets (plus borrowings for investment purposes) will be invested in Cannabis Companies. The Advisor generally expects to invest in Cannabis Companies across a broad market capitalization spectrum of micro-, small-, and mid-capitalization stocks.
Grade (RS Rating)
Last Trade
$6.40
Average Daily Volume
9,308
13
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
$26.65
Average Daily Volume
18,840
32
Performance
| Period | TOKE | ARB |
|---|---|---|
| 30 Days | -0.62% | -1.87% |
| 60 Days | 13.84% | -1.44% |
| 90 Days | 11.19% | 0.19% |
| 12 Months | 9.81% | 4.67% |
0 Overlapping Holdings
| Symbol | Grade | Weight in TOKE | Weight in ARB | Overlap |
|---|
TOKE Underweight 32 Positions Relative to ARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | -3.66% | |
| HES | B | -3.57% | |
| CTLT | C | -3.52% | |
| ANSS | F | -3.4% | |
| MDC | A | -2.74% | |
| AXNX | C | -2.74% | |
| DOOR | A | -2.7% | |
| JNPR | D | -2.68% | |
| CERE | A | -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% | |
| X | F | -1.82% | |
| SP | C | -1.39% | |
| HAYN | B | -1.39% | |
| AMED | D | -1.36% | |
| 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 | B | -0.65% | |
| CSTR | A | -0.61% | |
| TGAN | C | -0.52% | |
| ONB | A | --0.13% | |
| CHRD | B | --1.89% | |
| COF | B | --2.2% |
TOKE: Top Represented Industries & Keywords
ARB: Top Represented Industries & Keywords
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