ARB AltShares Merger Arbitrage ETF

Last close: 30.05
504-day return: +9.19%
Median $/day: $227k
Relationships shown: 14

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

ARB vs DKS, shifted 1d

Both indexed to 100 at 2026-05-11. DKS is drawn 1 trading day later than it happened, so if it leads, the lines move together.

ARB DKS (+1d) · range 54–107 · 2026-05-11 → 2026-11-06

Leads ARB

ARB tends to repeat these symbols' moves some days later. The highlighted bar is the lag.

DKS Dick's Sporting Goods, Inc.

lag 1dρ -0.21holdout -0.30stable 100%$/day $251.2Mrobust

Moves with ARB

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

MNA NYLIM Merger Arbitrage ETF

ρ +0.36beyond mkt +0.26holdout +0.51stable 100%robust

PB Prosperity Bancshares Inc

ρ +0.33beyond mkt +0.18holdout +0.40stable 88%robust

RAFE PIMCO RAFI ESG U.S. ETF

ρ +0.36beyond mkt +0.13holdout +0.38stable 88%robust

GRMN Garmin Ltd

ρ +0.31beyond mkt +0.12holdout +0.30stable 88%robust

FLRG Fidelity U.S. Multifactor ETF

ρ +0.34beyond mkt +0.11holdout +0.36stable 88%robust

QDEF Northern Trust Quality Dividend Defensive ETF

ρ +0.34beyond mkt +0.10holdout +0.36stable 88%robust

Moves against ARB

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.31beyond mkt -0.08holdout -0.35stable 88%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

IBHF iShares iBonds 2026 Term High Yield and Income ETF

horizon 10dρ +0.38holdout +0.24stable 38%moderate

MCHP Microchip Technology Incorporated Common Stock

horizon 10dρ +0.37holdout +0.38stable 50%moderate

NXPI NXP Semiconductors N.V. Common Stock

horizon 10dρ +0.36holdout +0.28stable 88%robust

FSI Flexible Solutions International, Inc.

horizon 10dρ +0.36holdout +0.11stable 50%moderate

BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF

horizon 10dρ +0.36holdout +0.18stable 62%moderate

ADI Analog Devices, Inc. Common Stock

horizon 10dρ +0.36holdout +0.47stable 62%moderate

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

GENI Genius Sports Limited

Δ +0.48recent +0.56prior +0.08beyond mkt -0.00

NDIV Amplify Energy & Natural Resources Covered Call ETF

Δ -0.44recent -0.34prior +0.10beyond mkt -0.03

ETX EATON VANCE MUNICIPAL INCOME 2028 TERM TRUST

Δ +0.44recent +0.52prior +0.08beyond mkt +0.09

TS Tenaris S. A.

Δ -0.44recent -0.37prior +0.07beyond mkt -0.09

RYTM Rhythm Pharmaceuticals, Inc. Common Stock

Δ +0.43recent +0.53prior +0.10beyond mkt +0.01

MEOH Methanex Corporation Common Stock

Δ -0.43recent -0.36prior +0.07beyond mkt +0.01