AltShares Merger Arbitrage ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$26.93
- Net Assets:$0 Million
- NAV:$27.04
- Premium-0.41%
- Peer Rank:5 of 35
- Investment Rating:B
- Performance:C
- RiskB+
We rate AltShares Merger Arbitrage at B. Positive factors that influence this rating include a greater than above average total return and low expense structure. The fund may be considered for investors seeking a Sector - Financial Services strategy.
Total return ranks above peers over the last three years. The AltShares Merger Arbitrage has returned an annual rate of 3.78% since inception. More recently, the fund has generated a total return of 3.98% in the last three years, 6.27% in the last year, and 3.68% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 55% of them. It has also outpaced 35% of its competitors on a one year basis for the period ending 2/29/2024. On a year to date basis, ARB has returned 1.08%.
Downside risk has been below average. ARB has a draw down risk of -6.97%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 3.1%. This fund has had very little volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As ARB is an exchange traded fund, it has no front end or back end load.
The AltShares Merger Arbitrage is managed by John S. Orrico at Water Island Capital LLC. This fund was launched on 5/6/2020 and is the only Water Island Capital LLC we track.