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AltShares Merger Arbitrage ETF (ARB)

ETF · Currency in USD
Issuer
Water Island Capital Partners LP
Inception Date
May 7, 2020
Region
North America (U.S.)
Category
Hedge Fund
Expense Ratio
0.87%
Index Tracked
Water Island Merger Arbitrage USD Hedged Index
Asset Class
Alternatives

Asset Class Size

Multi-Cap

Asset Class Style

Blend

ARBPrice Chart


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ARBPerformance

The chart shows the growth of $10,000 invested in AltShares Merger Arbitrage ETF on Jan 5, 2010 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $10,285 for a total return of roughly 2.85%. All prices are adjusted for splits and dividends.


ARB (AltShares Merger Arbitrage ETF)
Benchmark (S&P 500)

ARBReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
YTD-0.50%-7.73%
1M0.02%-5.40%
6M0.91%0.70%
1Y2.66%14.18%
5Y-30.05%28.84%
10Y-9.28%22.39%

ARBMonthly Returns Heatmap


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ARBSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current AltShares Merger Arbitrage ETF Sharpe ratio is 0.53. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


ARB (AltShares Merger Arbitrage ETF)
Benchmark (S&P 500)

ARBDividends

AltShares Merger Arbitrage ETF granted a 0.00% dividend yield in the last twelve months, as of Jan 22, 2022. The annual payout for that period amounted to $0.00 per share.


PeriodTTM202120202019201820172016201520142013201220112010
Dividend$0.00$0.00$0.73$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Dividend yield

0.00%0.00%2.86%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

ARBDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


ARB (AltShares Merger Arbitrage ETF)
Benchmark (S&P 500)

ARBWorst Drawdowns

The table below shows the maximum drawdowns of the AltShares Merger Arbitrage ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the AltShares Merger Arbitrage ETF is 50.94%, recorded on May 21, 2020. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-50.94%May 7, 202011May 21, 2020
-28.6%Feb 9, 2011133Aug 18, 2011335Dec 18, 2012468
-26.89%May 4, 201080Aug 25, 201074Dec 9, 2010154
-21.13%Jan 8, 201034Feb 26, 201025Apr 5, 201059
-5.74%Jan 4, 201112Jan 20, 20118Feb 1, 201120
-5.67%Apr 6, 20102Apr 7, 20109Apr 20, 201011
-3.66%Apr 30, 20101Apr 30, 20101May 3, 20102
-3.38%Feb 14, 2013128Aug 16, 201311Sep 3, 2013139
-2.63%Apr 27, 20102Apr 28, 20101Apr 29, 20103
-1.8%Dec 23, 20101Dec 23, 20106Jan 3, 20117

ARBVolatility Chart

Current AltShares Merger Arbitrage ETF volatility is 2.76%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


ARB (AltShares Merger Arbitrage ETF)
Benchmark (S&P 500)

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