Summary
AltShares Merger Arbitrage ETF is an ETF - a fund traded on an exchange like a stock - run by Altshares. Positions inside: 67. The ten largest make up 29% of the fund.
- Yearly costs
- 0.82%
- Fund size
- $110.7M
- Positions
- 67
- Dividend yield
- 0.42%
- Running since
- 2020
What speaks for it
Nothing stands out in its favour.
What to watch
- Costs of 0.82% a year are above the middle of comparable funds (0.74%).
- It trades little: only about $538.6K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +0.3%
- 3 months
- +1.4%
- This year
- +3.4%
- 1 year
- +3.8%
- 3 years
- +15%
- 5 years
- +16%
- Avg. market cap
- $17.4B
- P/E
- 35.7x
- Forward P/E
- 21.4x
- P/S
- 1.4x
- P/B
- 3.0x
- P/FCF
- 13.0x
- EV/EBITDA
- 11.7x
- Dividend yield
- 1.26%
- ROIC
- 5.1%
- ROE
- 3.4%
- Gross margin
- 50.8%
- Operating margin
- 20.5%
- Net margin
- 6.7%
- Payout ratio
- 45.1%
- Net debt/EBITDA
- -3.0x
- Beta
- 0.03
Weighted average of the 12 largest companies, which make up 17% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 Warner Bros Discovery, Inc. 3.8%
- 2 Exact Sciences Corp. 3.0%
- 3 JDE Peet's NV 2.9%
- 4 Hologic, Inc. 2.8%
- 5 Clearwater Analytics Holdings, Inc., Class A 2.8%
- 6 Masimo Corp. 2.8%
- 7 Electronic Arts, Inc. 2.8%
- 8 Chart Industries, Inc. 2.8%
- 9 Confluent, Inc., Class A 2.8%
- 10 NSNorfolk Southern NSC 2.8%
Positions in the fund: 67. The ten largest make up 29% of it.
Composition as of Oct 19, 2026.
Where is it spread?
Spread outBy sector
- Technology 18%
- Healthcare 17%
- Financials 10%
- Industrials 6.3%
- Consumer defensive 6.0%
- Other 43%
By country
- United States 59%
- Canada 6.3%
- United Kingdom 4.0%
- Netherlands 2.9%
- Other countries 28%
Largest sector: Technology (18%). Largest country: United States (59%).
What does it cost me?
Expensive- A year from $10,000
- $82.00
- Over 20 years
- $3,851
From every $10,000 invested the fund takes $82.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,851.
How has it done?
Growing slowly- A year on average, 5 years
- +3.0%
- Deepest drop
- -9.4%
- Yearly volatility
- 4.7%
Average yearly growth over the last five years: 3.0%. Deepest drop in these years: 9.4% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.42%
- Payments a year
- 1
- Last payment
- $0.13
Over the last 12 months it paid $0.13 per share, which is 0.42% of today's price. The last payment was $0.13 on Dec 18, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $538.6K
- Shares a day
- 18K
On an average day about $538.6K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 35.7
- Average Bulios Score
- 51 out of 100
Weight by Bulios Fair Price
- Undervalued 41%
- Fairly valued 0.0%
- Overvalued 59%
On average the companies inside trade for 35.7 times their yearly profit. By Fair Price, 59% of the rated weight comes out as overvalued.
Counted from its largest companies (12), which make up 17% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
EV EVNT AltShares Event-Driven ETF | United States | 1.27% | $6.24M | +3.3% | Pays out | 36% |