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 14 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Interest Rate Hedge ETF | 0.50% | 167.19M | May 2021 | ARB vs PFIX | |
| State Street Multi-Asset Real Return ETF | 0.50% | 1.18B | Apr 2012 | ARB vs RLY | |
| RPAR Risk Parity ETF | 0.51% | 576.22M | Dec 2019 | ARB vs RPAR | |
| Global X NASDAQ 100 Collar 95-110 ETF | 0.60% | 3.42M | Aug 2021 | ARB vs QCLR | |
| Global X NASDAQ 100 Tail Risk ETF | 0.60% | 7.64M | Aug 2021 | ARB vs QTR |
Best Risk-Adjusted Alternatives to ARB
ARB has a PortfoliosLab risk / return rank of 62. There are 4 ETFs in the Hedge Fund category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | 95 | 15.94M | Dec 2012 | ARB vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 83 | 237.72M | Jan 2011 | ARB vs WTMF | |
| State Street Multi-Asset Real Return ETF | 81 | 1.18B | Apr 2012 | ARB vs RLY | |
| First Trust Managed Futures Strategy Fund | 66 | 247.50M | Aug 2013 | ARB vs FMF | |
| Syntax Stratified U.S. Total Market Hedged ETF | 60 | 23.16M | Jun 2021 | ARB vs SHUS |
Top Performing ARB Alternatives (YTD)
ARB is at 2.13% YTD. There are 14 ETFs in the Hedge Fund category with higher YTD returns, going as high as 13.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 13.25% | 109.45M | Mar 2016 | ARB vs FVC | |
| State Street Multi-Asset Real Return ETF | 13.24% | 1.18B | Apr 2012 | ARB vs RLY | |
| Global X NASDAQ 100 Tail Risk ETF | 12.74% | 7.64M | Aug 2021 | ARB vs QTR | |
| Syntax Stratified U.S. Total Market Hedged ETF | 10.89% | 23.16M | Jun 2021 | ARB vs SHUS | |
| Aptus Drawdown Managed Equity ETF | 8.67% | 243.07M | Jun 2016 | ARB vs ADME |
Lowest Volatility Alternatives to ARB
ARB has 3.40% 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 4.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | 4.24% | 15.94M | Dec 2012 | ARB vs MRGR | |
| IQ Merger Arbitrage ETF | 4.81% | 253.18M | Nov 2009 | ARB vs MNA | |
| WisdomTree Managed Futures Strategy Fund | 9.10% | 237.72M | Jan 2011 | ARB vs WTMF | |
| First Trust Managed Futures Strategy Fund | 9.83% | 247.50M | Aug 2013 | ARB vs FMF | |
| Global X NASDAQ 100 Collar 95-110 ETF | 9.95% | 3.42M | Aug 2021 | ARB vs QCLR |
Lowest Drawdown Alternatives to ARB
ARB has a 1-year max drawdown of -1.54%. There are 2 ETFs in the Hedge Fund category with shallower 1-year drawdowns, going as shallow as -1.29%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | -1.29% | 15.94M | Dec 2012 | ARB vs MRGR | |
| IQ Merger Arbitrage ETF | -1.40% | 253.18M | Nov 2009 | ARB vs MNA | |
| WisdomTree Managed Futures Strategy Fund | -4.04% | 237.72M | Jan 2011 | ARB vs WTMF | |
| First Trust Managed Futures Strategy Fund | -4.51% | 247.50M | Aug 2013 | ARB vs FMF | |
| Syntax Stratified U.S. Total Market Hedged ETF | -6.95% | 23.16M | Jun 2021 | ARB vs SHUS |
Often Compared With ARB
Investors most often compare ARB with SPY, HFND, EVNT. These 20 comparison targets span 14 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