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ETFs

First Trust Merger Arbitrage ETF

MARB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 04 2020
Expense Ratio
2.23%
Type
Global Hedge Fund
Fund Owner
First Trust
Volume (1m avg. daily)
$1,631,515
AUM
$83,456,540
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
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Albertsons Companies Inc - Ordinary Shares - Class A
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FORG
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TA
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SUMO
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ARGO
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LBAI
Lakeland Bancorp, Inc.
2.88%
Invest with MARB

What is MARB?

The First Trust Merger Arbitrage ETFs investment objective is to seek to provide investors with capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition.

ETFs related toMARB

ETFs correlated to MARB include MNA, OMFS, USMF

MARB
First Trust Exchange-Traded Fund III - First Trust Merger Arbitrage ETF
MNA
IndexIQ ETF Trust - IQ Merger Arbitrage ETF
OMFS
Invesco Exchange-Traded Fund Trust II - Invesco Russell 2000 Dynamic Multifactor ETF
USMF
WisdomTree Trust - WisdomTree U.S. Multifactor Fund
CFO
Victory Portfolios II - VictoryShares US 500 Enhanced Volatility Wtd ETF
OMFL
Invesco Capital Management LLC - Invesco Russell 1000 Dynamic Multifactor ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
SMMV
iShares Trust - iShares MSCI USA Small-Cap Min Vol Factor ETF
PMAY
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - May
FDLO
Fidelity Covington Trust - Fidelity Low Volatility Factor ETF
KBE
SPDR Series Trust - SPDR S&P Bank 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

MARB is a Global Hedge Fund ETF. The First Trust Merger Arbitrage ETFs investment objective is to seek to provide investors with capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition.

Yes, MARB is actively 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.

No, MARB is not passively managed. It is actively 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 MARB is 0.0025%. This is the percent change in the value of MARB over the most recent 1-month period. The 3-month return on MARB is -0.0025%. This is the percent change in the value of MARB over the most recent 3-month period.

The standard deviation of MARB for the past year is 0.0488%. 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 MARB include AMJ, FPE, and PFF.

ETFs correlated to MARB include MNA, OMFS, and USMF.

ETFs that are inversely correlated to MARB include OBIL, TAIL, and TZA.

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.