First Trust Merger Arbitrage ETF (MARB)
MARB is an actively managed ETF by First Trust. MARB launched on Feb 4, 2020 and has a 2.30% expense ratio.
ETF Info
| Issuer | First Trust |
|---|---|
| Inception Date | Feb 4, 2020 |
| Region | North America (U.S.) |
| Category | Long-Short, Actively Managed |
| Index Tracked | No Index (Active) |
| Asset Class | Alternatives |
Expense Ratio
The First Trust Merger Arbitrage ETF has a high expense ratio of 2.30%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Merger Arbitrage ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Merger Arbitrage ETF had a return of -2.73% year-to-date (YTD) and -0.87% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.73% | 6.12% |
| 1 month | -0.61% | -1.08% |
| 6 months | -1.92% | 15.73% |
| 1 year | -0.87% | 22.34% |
| 5 years (annualized) | N/A | 11.82% |
| 10 years (annualized) | N/A | 10.53% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.23% | 0.05% | 0.40% | |||||||||
| 2023 | 0.34% | -0.49% | 0.58% | 0.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
First Trust Merger Arbitrage ETF(MARB)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Merger Arbitrage ETF (MARB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Merger Arbitrage ETF granted a 2.26% dividend yield in the last twelve months. The annual payout for that period amounted to $0.44 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.20 |
Dividend yield | 2.26% | 2.20% | 0.99% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Merger Arbitrage ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.15 |
| 2022 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Merger Arbitrage ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Merger Arbitrage ETF was 11.99%, occurring on Mar 18, 2020. Recovery took 527 trading sessions.
The current First Trust Merger Arbitrage ETF drawdown is 3.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.99% | Feb 24, 2020 | 18 | Mar 18, 2020 | 527 | Apr 20, 2022 | 545 |
| -3.45% | Feb 24, 2023 | 61 | May 22, 2023 | 67 | Aug 28, 2023 | 128 |
| -3.19% | Apr 21, 2022 | 40 | Jun 16, 2022 | 37 | Aug 10, 2022 | 77 |
| -3.03% | Dec 22, 2023 | 77 | Apr 15, 2024 | — | — | — |
| -1.71% | Nov 2, 2022 | 4 | Nov 7, 2022 | 72 | Feb 22, 2023 | 76 |
Volatility
Volatility Chart
The current First Trust Merger Arbitrage ETF volatility is 0.98%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.