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ETFs

AltShares Merger Arbitrage ETF

ARB
$--
Today’s Change
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Snapshot
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Inception Date
May 07 2020
Expense Ratio
0.76%
Type
Global Hedge Fund
Fund Owner
AltShares
Volume (1m avg. daily)
$521,294
AUM
$59,611,776
Associated Index
Water Island Merger Arbitrage USD Hedged Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
USD
10.57%
XLNX
XILINX INC
3.13%
n/a
PPD INC
2.79%
n/a
IHS MARKIT LTD
2.73%
n/a
MEDALLIA INC
2.61%
DWNI
DEUTSCHE WOHNEN SE
2.61%
n/a
CORNERSTONE ONDEMAND INC
2.61%
n/a
STAMPS.COM INC
2.60%
n/a
NUANCE COMMUNICATIONS INC
2.60%
n/a
TRILLIUM THERAPEUTICS INC
2.60%
Invest with ARB

What is ARB?

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Water Island Merger Arbitrage USD Hedged Index. The Index is designed to reflect a pure-play, global merger arbitrage strategy investing in definitive, publicly announced mergers and acquisitions.

ETFs related toARB

ETFs correlated to ARB include MNA, NUSC, IPAY

ARB
AltShares Trust - AltShares Merger Arbitrage ETF
MNA
IndexIQ ETF Trust - IQ Merger Arbitrage ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
IPAY
ETF Managers Group LLC - ETFMG Prime Mobile Payments ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
FINX
Global X Funds - Global X Funds Global X FinTech ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
NUMV
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Value ETF
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

ARB is a Global Hedge Fund ETF. The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Water Island Merger Arbitrage USD Hedged Index. The Index is designed to reflect a pure-play, global merger arbitrage strategy investing in definitive, publicly announced mergers and acquisitions.

ARB tracks the Water Island Merger Arbitrage USD Hedged Index.

No, ARB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ARB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ARB is -0.0082%. This is the percent change in the value of ARB over the most recent 1-month period. The 3-month return on ARB is -0.0138%. This is the percent change in the value of ARB over the most recent 3-month period.

The standard deviation of ARB for the past year is 0.0712%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ARB include AMLP, AMJ, and PSK.

ETFs correlated to ARB include MNA, NUSC, and IPAY.

ETFs that are inversely correlated to ARB include TWM, RWM, and SRTY.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.