ARBFX vs. ARBNX
Compare and contrast key facts about The Arbitrage Fund (ARBFX) and The Arbitrage Fund Class Institutional (ARBNX).
ARBFX is managed by Arbitrage Fund. It was launched on Sep 17, 2000. ARBNX is managed by Arbitrage Funds. It was launched on Oct 17, 2003.
Performance
ARBFX vs. ARBNX - Performance Comparison
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ARBFX vs. ARBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARBFX The Arbitrage Fund | 0.67% | 8.01% | 2.61% | 5.94% | -1.02% | 0.85% | 5.42% | 3.57% | 2.12% | 2.59% |
ARBNX The Arbitrage Fund Class Institutional | 0.78% | 8.29% | 2.95% | 6.05% | -0.67% | 1.05% | 5.71% | 3.84% | 2.33% | 2.87% |
Returns By Period
In the year-to-date period, ARBFX achieves a 0.67% return, which is significantly lower than ARBNX's 0.78% return. Over the past 10 years, ARBFX has underperformed ARBNX with an annualized return of 3.22%, while ARBNX has yielded a comparatively higher 3.48% annualized return.
ARBFX
- 1D
- 0.22%
- 1M
- -0.15%
- YTD
- 0.67%
- 6M
- 2.61%
- 1Y
- 6.18%
- 3Y*
- 5.65%
- 5Y*
- 2.98%
- 10Y*
- 3.22%
ARBNX
- 1D
- 0.21%
- 1M
- -0.07%
- YTD
- 0.78%
- 6M
- 2.79%
- 1Y
- 6.44%
- 3Y*
- 5.93%
- 5Y*
- 3.24%
- 10Y*
- 3.48%
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ARBFX vs. ARBNX - Expense Ratio Comparison
ARBFX has a 1.43% expense ratio, which is lower than ARBNX's 1.49% expense ratio.
Return for Risk
ARBFX vs. ARBNX — Risk / Return Rank
ARBFX
ARBNX
ARBFX vs. ARBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Arbitrage Fund (ARBFX) and The Arbitrage Fund Class Institutional (ARBNX). 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.
| ARBFX | ARBNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.51 | 2.69 | -0.18 |
Sortino ratioReturn per unit of downside risk | 3.89 | 4.19 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.63 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.45 | 3.79 | -0.34 |
Martin ratioReturn relative to average drawdown | 16.96 | 18.61 | -1.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARBFX | ARBNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.69 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.89 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.79 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.58 | -0.24 |
Correlation
The correlation between ARBFX and ARBNX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ARBFX vs. ARBNX - Dividend Comparison
ARBFX's dividend yield for the trailing twelve months is around 3.56%, less than ARBNX's 3.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARBFX The Arbitrage Fund | 3.56% | 3.59% | 0.94% | 1.92% | 3.67% | 0.53% | 6.94% | 2.12% | 1.71% | 3.55% | 0.96% | 2.36% |
ARBNX The Arbitrage Fund Class Institutional | 3.69% | 3.72% | 1.18% | 2.11% | 3.85% | 0.51% | 6.70% | 2.12% | 1.93% | 3.80% | 0.93% | 2.30% |
Drawdowns
ARBFX vs. ARBNX - Drawdown Comparison
The maximum ARBFX drawdown since its inception was -38.01%, which is greater than ARBNX's maximum drawdown of -14.42%. Use the drawdown chart below to compare losses from any high point for ARBFX and ARBNX.
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Drawdown Indicators
| ARBFX | ARBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.01% | -14.42% | -23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | -1.74% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -7.64% | -7.44% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -11.90% | -11.90% | 0.00% |
Current DrawdownCurrent decline from peak | -0.22% | -0.14% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -1.23% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.35% | +0.02% |
Volatility
ARBFX vs. ARBNX - Volatility Comparison
The Arbitrage Fund (ARBFX) and The Arbitrage Fund Class Institutional (ARBNX) have volatilities of 0.65% and 0.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARBFX | ARBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.65% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 1.51% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 2.43% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 3.65% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 4.42% | 0.00% |