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ARB.TO vs. MARB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARB.TO vs. MARB

Last updated Jun 25, 2026

ARB.TO (Accelerate Arbitrage Fund) and MARB (First Trust Merger Arbitrage ETF) are both Long-Short funds. ARB.TO is passively managed, while MARB is actively managed. Over the past 5 years, ARB.TO returned 3.76%/yr vs 6.00%/yr for MARB. At a 0.03 correlation, their price movements are largely independent. ARB.TO charges 1.38%/yr vs 2.30%/yr for MARB.

Performance

ARB.TO vs. MARB - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Accelerate Arbitrage Fund (ARB.TO) and First Trust Merger Arbitrage ETF (MARB). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ARB.TO is traded in CAD, while MARB is traded in USD. To make them comparable, the MARB values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ARB.TO achieves a 0.54% return, which is significantly lower than MARB's 5.59% return.

ARB.TO

1D
-0.36%
1M
-0.18%
YTD
0.54%
6M
0.32%
1Y
2.26%
3Y*
6.37%
5Y*
3.76%
10Y*
—

MARB

1D
0.36%
1M
3.74%
YTD
5.59%
6M
5.81%
1Y
10.29%
3Y*
7.10%
5Y*
6.00%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ARB.TO vs. MARB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ARB.TO
Accelerate Arbitrage Fund		0.54%10.14%5.29%3.48%-1.10%6.94%31.16%
MARB
First Trust Merger Arbitrage ETF		5.59%2.14%9.26%-0.27%10.47%0.21%-7.72%

Correlation

The correlation between ARB.TO and MARB is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Apr 6, 2020

0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Accelerate Arbitrage Fund

First Trust Merger Arbitrage ETF

Often compared with ARB.TO:
ARB.TO vs. BOXXARB.TO vs. CTA
Often compared with MARB:
MARB vs. HMEZXMARB vs. QQQMARB vs. ARBMARB vs. VOOMARB vs. SPYMARB vs. EMPBMARB vs. FFLS

Return for Risk

ARB.TO vs. MARB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARB.TO
ARB.TO Risk / Return Rank: 1515
Overall Rank
ARB.TO Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
ARB.TO Sortino Ratio Rank: 1111
Sortino Ratio Rank
ARB.TO Omega Ratio Rank: 1111
Omega Ratio Rank
ARB.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
ARB.TO Martin Ratio Rank: 1919
Martin Ratio Rank
MARB
MARB Risk / Return Rank: 6060
Overall Rank
MARB Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
MARB Sortino Ratio Rank: 4141
Sortino Ratio Rank
MARB Omega Ratio Rank: 6666
Omega Ratio Rank
MARB Calmar Ratio Rank: 6262
Calmar Ratio Rank
MARB Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARB.TO vs. MARB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Accelerate Arbitrage Fund (ARB.TO) and First Trust Merger Arbitrage ETF (MARB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ARB.TOMARBDifference
Sharpe ratioReturn per unit of total volatility
0.26
1.51

-1.25

Sortino ratioReturn per unit of downside risk
0.45
2.13

-1.68

Omega ratioGain probability vs. loss probability

1.05

1.30

-0.25

Calmar ratioReturn relative to maximum drawdown

0.91

2.88

-1.97

Martin ratioReturn relative to average drawdown

1.90

7.27

-5.37

ARB.TO vs. MARB - Sharpe Ratio Comparison

The current ARB.TO Sharpe Ratio is 0.26, which is lower than the MARB Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of ARB.TO and MARB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ARB.TO vs. MARB - Drawdown Comparison

The maximum ARB.TO drawdown since its inception was -13.46%, smaller than the maximum MARB drawdown of -14.82%. Use the drawdown chart below to compare losses from any high point for ARB.TO and MARB.

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Drawdown Indicators

ARB.TOMARBDifference

Max Drawdown

Largest peak-to-trough decline

-13.46%

-14.82%

+1.36%

Max Drawdown (1Y)

Largest decline over 1 year

-2.50%

-3.59%

+1.09%

Max Drawdown (3Y)

Largest decline over 3 years

-2.50%

-5.48%

+2.98%

Max Drawdown (5Y)

Largest decline over 5 years

-5.18%

-5.48%

+0.30%

Current Drawdown

Current decline from peak

-1.61%

0.00%

-1.61%

Average Drawdown

Average peak-to-trough decline

-5.73%

-5.09%

-0.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.20%

1.42%

-0.22%

Volatility

ARB.TO vs. MARB - Volatility Comparison

Accelerate Arbitrage Fund (ARB.TO) has a higher volatility of 2.05% compared to First Trust Merger Arbitrage ETF (MARB) at 1.13%. This indicates that ARB.TO's price experiences larger fluctuations and is considered to be riskier than MARB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARB.TOMARBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.05%

1.13%

+0.92%

Volatility (6M)

Calculated over the trailing 6-month period

5.36%

3.97%

+1.39%

Volatility (1Y)

Calculated over the trailing 1-year period

8.67%

6.86%

+1.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.18%

7.62%

-0.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.36%

8.72%

-0.36%

ARB.TO vs. MARB - Expense Ratio Comparison

ARB.TO has a 1.38% expense ratio, which is lower than MARB's 2.30% expense ratio.

Dividends

ARB.TO vs. MARB - Dividend Comparison

ARB.TO's dividend yield for the trailing twelve months is around 3.77%, more than MARB's 2.96% yield.

PositionTTM202520242023202220212020
ARB.TO
Accelerate Arbitrage Fund		3.77%3.75%3.98%3.56%3.09%2.63%1.24%
MARB
First Trust Merger Arbitrage ETF		2.96%3.01%2.11%2.20%0.99%0.00%0.00%

Frequently Asked Questions

ARB.TO and MARB have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ARB.TO is cheaper at 1.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ARB.TO is cheaper with a 1.38% expense ratio, compared with 2.30% for MARB.

Their fees differ too: 1.38% for ARB.TO and 2.30% for MARB.

Portfolio Optimizer

Find the right allocation for ARB.TO and MARB

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