AltShares Merger Arbitrage ETF (ARB) belongs to the Hedge Fund category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ARB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ARB
ARB charges 0.87% annually. There are 16 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.36%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers MSCI EAFE Hedged Equity ETF | 0.36% | 8.81B | Jun 2011 | ARB vs DBEF | |
| SPDR SSgA Multi-Asset Real Return ETF | 0.50% | 1.21B | Apr 2012 | ARB vs RLY | |
| Simplify Interest Rate Hedge ETF | 0.50% | 231.13M | May 2021 | ARB vs PFIX | |
| RPAR Risk Parity ETF | 0.51% | 607.77M | Dec 2019 | ARB vs RPAR | |
| Global X Russell 2000 Covered Call ETF | 0.60% | 1.34B | Apr 2019 | ARB vs RYLD |
Best Risk-Adjusted Alternatives to ARB
ARB has a PortfoliosLab risk / return rank of 69. There are 5 ETFs in the Hedge Fund category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR SSgA Multi-Asset Real Return ETF | 92 | 1.21B | Apr 2012 | ARB vs RLY | |
| Proshares Merger ETF | 90 | 15.87M | Dec 2012 | ARB vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 85 | 233.61M | Jan 2011 | ARB vs WTMF | |
| First Trust Managed Futures Strategy Fund | 78 | 259.69M | Aug 2013 | ARB vs FMF | |
| Gadsden Dynamic Multi-Asset ETF | 74 | 160.49M | Nov 2018 | ARB vs GDMA |
Top Performing ARB Alternatives (YTD)
ARB is at 1.70% YTD. There are 16 ETFs in the Hedge Fund category with higher YTD returns, going as high as 17.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X NASDAQ 100 Tail Risk ETF | 17.64% | 7.81M | Aug 2021 | ARB vs QTR | |
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 17.30% | 110.36M | Mar 2016 | ARB vs FVC | |
| SPDR SSgA Multi-Asset Real Return ETF | 17.13% | 1.21B | Apr 2012 | ARB vs RLY | |
| Cambria Global Momentum ETF | 11.55% | 70.43M | Nov 2014 | ARB vs GMOM | |
| Gadsden Dynamic Multi-Asset ETF | 11.18% | 160.49M | Nov 2018 | ARB vs GDMA |
Lowest Volatility Alternatives to ARB
ARB has 2.89% 1-year volatility. No ETFs in the Hedge Fund category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 4.11%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | 4.11% | 15.87M | Dec 2012 | ARB vs MRGR | |
| IQ Merger Arbitrage ETF | 4.74% | 253.18M | Nov 2009 | ARB vs MNA | |
| WisdomTree Managed Futures Strategy Fund | 8.63% | 233.61M | Jan 2011 | ARB vs WTMF | |
| First Trust Managed Futures Strategy Fund | 9.66% | 259.69M | Aug 2013 | ARB vs FMF | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | 9.67% | 375.87M | Dec 2019 | ARB vs QQQH |
Lowest Drawdown Alternatives to ARB
ARB has a 1-year max drawdown of -0.69%. No ETFs in the Hedge Fund category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -1.29%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | -1.29% | 15.87M | Dec 2012 | ARB vs MRGR | |
| IQ Merger Arbitrage ETF | -1.40% | 253.18M | Nov 2009 | ARB vs MNA | |
| First Trust Managed Futures Strategy Fund | -3.42% | 259.69M | Aug 2013 | ARB vs FMF | |
| SPDR SSgA Multi-Asset Real Return ETF | -3.71% | 1.21B | Apr 2012 | ARB vs RLY | |
| WisdomTree Managed Futures Strategy Fund | -4.04% | 233.61M | Jan 2011 | ARB vs WTMF |
Often Compared With ARB
Investors most often compare ARB with SPY, HFND, EVNT. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare ARB with Any Fund or Stock
Compare ARB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ARB with funds that move differently
AltShares Merger Arbitrage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ARB.
Explore ARB Diversifiers