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AltShares Merger Arbitrage ETF

ARB
$--
Today’s Change
-- (--)

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)
$843,531
AUM
$97,598,391
Associated Index
Water Island Merger Arbitrage USD Hedged Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

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 CLOZ, PPIE, MNA

ARBAltShares Trust - AltShares Merger Arbitrage ETF
CLOZSeries Portfolios Trust - Panagram BBB-B CLO ETF
Expense Ratio0.50%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
PPIEPutnam ETF Trust - Putnam PanAgora ESG International Equity ETF
MNAIndexIQ ETF Trust - IQ Merger Arbitrage ETF
SEIQSEI Exchange Traded Funds - SEI Enhanced U.S. Large Cap Quality Factor ETF
GUSAGoldman Sachs ETF Trust II - Goldman Sachs MarketBeta U.S. 1000 Equity ETF
APRWAIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Apr ETF
SELVSEI Exchange Traded Funds - SEI Enhanced Low Volatility U.S. Large Cap ETF
SEIVSEI Exchange Traded Funds - SEI Enhanced U.S. Large Cap Value Factor ETF
AHOYTidal ETF Trust - Newday Ocean Health ETF
SEIMSEI Exchange Traded Funds - SEI Enhanced U.S. Large Cap Momentum Factor 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.

Disclaimers

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We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.