AltShares Merger Arbitrage ETF (ARB) belongs to the Event Driven 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 2 ETFs in the Event Driven category with lower expense ratios, going as low as 0.75%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | 0.75% | 15.95M | Dec 2012 | ARB vs MRGR | |
| IQ Merger Arbitrage ETF | 0.77% | 251.39M | Nov 2009 | ARB vs MNA | |
| Return Stacked Bonds & Merger Arbitrage ETF | 0.96% | — | Dec 2024 | ARB vs RSBA | |
| AltShares Event-Driven ETF | 1.30% | 8.62M | Dec 2014 | ARB vs EVNT |
Best Risk-Adjusted Alternatives to ARB
ARB has a PortfoliosLab risk / return rank of 52. There are 2 ETFs in the Event Driven category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | 95 | 15.95M | Dec 2012 | ARB vs MRGR | |
| AltShares Event-Driven ETF | 71 | 8.62M | Dec 2014 | ARB vs EVNT | |
| IQ Merger Arbitrage ETF | 40 | 251.39M | Nov 2009 | ARB vs MNA | |
| Return Stacked Bonds & Merger Arbitrage ETF | 22 | — | Dec 2024 | ARB vs RSBA |
Top Performing ARB Alternatives (YTD)
ARB is at 1.85% YTD. There are 3 ETFs in the Event Driven category with higher YTD returns, going as high as 6.02%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | 6.02% | 8.62M | Dec 2014 | ARB vs EVNT | |
| Proshares Merger ETF | 2.68% | 15.95M | Dec 2012 | ARB vs MRGR | |
| IQ Merger Arbitrage ETF | 2.05% | 251.39M | Nov 2009 | ARB vs MNA | |
| Return Stacked Bonds & Merger Arbitrage ETF | -0.94% | — | Dec 2024 | ARB vs RSBA |
Lowest Volatility Alternatives to ARB
ARB has 3.42% 1-year volatility. No ETFs in the Event Driven category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 4.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | 4.24% | 15.95M | Dec 2012 | ARB vs MRGR | |
| Return Stacked Bonds & Merger Arbitrage ETF | 4.57% | — | Dec 2024 | ARB vs RSBA | |
| IQ Merger Arbitrage ETF | 4.74% | 251.39M | Nov 2009 | ARB vs MNA | |
| AltShares Event-Driven ETF | 7.57% | 8.62M | Dec 2014 | ARB vs EVNT |
Lowest Drawdown Alternatives to ARB
ARB has a 1-year max drawdown of -1.54%. There are 2 ETFs in the Event Driven category with shallower 1-year drawdowns, going as shallow as -1.29%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | -1.29% | 15.95M | Dec 2012 | ARB vs MRGR | |
| IQ Merger Arbitrage ETF | -1.40% | 251.39M | Nov 2009 | ARB vs MNA | |
| Return Stacked Bonds & Merger Arbitrage ETF | -2.74% | — | Dec 2024 | ARB vs RSBA | |
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | ARB vs EVNT |
Often Compared With ARB
Investors most often compare ARB with SPY, HFND, ARCC. These 20 comparison targets span 16 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