ARBvsSMMVETF Comparison
VS
AltShares Merger Arbitrage ETF (ARB) belongs to the Alternatives segment. iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is part of the US Low Volatility segment. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. ARB is more expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.2% for SMMV. ARB is up 2.76% year-to-date (YTD) with -$973K in YTD flows. SMMV performs better with 10.33% YTD performance, and -$32M in YTD flows. Run a side-by-side ETF comparison of ARB and SMMV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
ARB vs SMMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ARB SMMV | +0.30%-0.20% | +0.68%+6.96% | +2.76%+10.33% | +3.42%+11.93% | +16.31%+46.19% | +22.60%+34.12% |
| Flows | ARB SMMV | -$42K-$2M | -$2M-$9M | -$973K-$32M | +$13M-$77M | +$18M-$685M | +$85M-$654M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ARB SMMV | +1.66%+9.43% | +1.57%+9.34% | +2.01%+12.14% | +2.83%+13.53% |
| Max drawdown | ARB SMMV | -0.40%-1.72% | -0.44%-6.95% | -1.55%-13.61% | -5.26%-18.06% |
| Max drawdown duration | ARB SMMV | 21d9d | 16d115d | 98d360d | 315d967d |
Trading data
ARB | SMMV | |
Last sale 8/31/2026 at 1:30 PM | $29.73 | $47.14 |
| Previous close 08/28/2026 | $29.75 | $47.35 |
| Consolidated volume 08/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
ARB | SMMV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 8/31/2026 at 1:30 PM
Live
Closed
ARB | SMMV | |
|---|---|---|
| Last price | $29.73 | $47.14 |
| 1D performance | -0.08% | -0.44% |
| AuM | $102.47 M | $289.02 M |
| E/R | 0.76% | 0.2% |
Characteristics
ARB | SMMV | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | AltShares | iShares |
| Benchmark | Water Island Merger Arbitrage USD Hedged Index | MSCI USA Small Cap Minimum Volatility Index |
| N° of holdings | 59 | 348 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 7, 2020 | September 7, 2016 |
| ESG | No | No |
Advertisement
Exposure
Countries
ARB
USA
69.79%
United Kingdom
12.96%
Other
17.25%
SMMV
USA
93.35%
Other
6.65%
Sectors
ARB
Finance
18.28%
Healthcare
16.04%
Technology
14.18%
Consumer Services
12.12%
Industrials
8.49%
Other
30.9%
SMMV
Finance
23.6%
Healthcare
17.93%
Technology
11.8%
Consumer Non-Cycl.
8.84%
Utilities
7.29%
Other
30.54%
Advertisement
Diversification
ARB
Total weight of top 15 holdings out of 15
40.15%
SMMV
Total weight of top 15 holdings out of 15
17.66%
Top 15 holdings
Data as of July 31, 2026
ARB
Warner Bros. Discovery, Inc.
3.49%
Webster Financial Corp.
2.95%
Penumbra, Inc.
2.94%
Electronic Arts, Inc.
2.92%
Bio-Techne Corp.
2.92%
Norfolk Southern Corp.
2.87%
Caesars Entertainment, Inc.
2.85%
Apogee Therapeutics, Inc.
2.84%
Crinetics Pharmaceuticals, Inc.
2.79%
Globalstar, Inc.
2.38%
Intertek Group Plc
2.28%
Beazley Plc
2.25%
The AES Corp.
2.24%
Silicon Laboratories, Inc.
2.22%
Organon & Co.
2.21%
SMMV
Omega Healthcare Investors, Inc.
1.47%
Pinnacle West Capital Corp.
1.42%
Agree Realty Corp.
1.42%
The New York Times Co.
1.33%
RenaissanceRe Holdings Ltd.
1.31%
The Hanover Insurance Group, Inc.
1.23%
IDACORP, Inc.
1.19%
CareTrust REIT, Inc.
1.18%
OGE Energy Corp.
1.14%
Service Corp. International
1.12%
Chemed Corp.
1.06%
Equity LifeStyle Properties, Inc.
1.00%
Madison Square Garden Sports Corp.
0.96%
FirstCash Holdings, Inc.
0.95%
The Ensign Group, Inc.
0.88%
Frequently asked questions about ARB and SMMV
How have the ARB and SMMV ETFs performed in 2026?
As of August 28, 2026, ARB is up 2.76% year-to-date (YTD), while SMMV has returned 10.33%. That puts SMMV better performer ahead so far this year.
Which ETF is attracting more investor money: ARB or SMMV?
Year-to-date, the ARB ETF saw -$973K in flows, compared to -$32M for SMMV.
Which ETF is more volatile: ARB or SMMV?
Over the past year, ARB had a volatility of 1.57%, while SMMV experienced 9.34%.
Which ETF is bigger: ARB or SMMV?
As of August 28, 2026, ARB holds $102.47 M in assets under management (AUM), while SMMV manages $289.02 M.
What sectors do the ARB and SMMV ETFs invest in?
ARB leans toward sectors like Finance, Healthcare and Technology. Meanwhile, SMMV focuses on Finance, Healthcare and Technology.
What are the top holdings of the ARB ETF and SMMV ETF?
ARB top holdings include Warner Bros. Discovery, Inc., Webster Financial Corp. and Penumbra, Inc.. SMMV holds in its top three: Omega Healthcare Investors, Inc., Pinnacle West Capital Corp. and Agree Realty Corp..
Which ETF is more diversified: ARB or SMMV?
ARB holds 59 securities with 40.15% of its assets in the top 15. SMMV has 351 securities and a top 15 weight of 17.66%.
Advertisement
Advertisement
