ARB vs SPY

AARB

BSPY

Measures won2–4SPY wins · of 6 · 5Y

$10,000 · 5Y$18,060SPY · ARB $12,310

Lowest cost0.09%SPY · $9 on $10k

Most income0.99%SPY · $99 on $10k

Smallest drop−2.1%ARB · worst fall in 1Y

Held in common0.0%ARB and SPY

ARB

SPY

AltShares Merger Arbitrage ETF · $111MState Street SPDR S&P 500 ETF · $805B

+5.3%3 years · per year$11,667 · $19,132+24.1%

+4.2%5 years · per year$12,310 · $18,060+12.6%

0.82%Expense ratio$82 · $9 on $10k · lower wins0.09%

0.42%12-mo yield$42 · $99 on $10k0.99%

−2.1%Worst dropSmaller wins−8.9%

4.9%VolatilityLower wins12.9%

2–4SPY wins

$10,000 · 5 yearsOne scale

Shared top holdingsARB · SPY

2.5%TECH0.0%

Held in common0.0%

End-of-day Nov 4, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

Both

5Y2 funds

#			Trend
1	BSPY	State Street SPDR S&P 500 ETFRead Desk		0.09%	0.99%	+1.7%	+13.3%	+13.4%	+24.1%	+12.6%	−8.9%	$804.8B
2	AARB	AltShares Merger Arbitrage ETFRead Desk		0.82%	0.42%	+0.2%	+3.7%	+4.4%	+5.3%	+4.2%	−2.1%	$111M

End-of-day Nov 4, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Both

5Y2 funds

#			Trend
1	BSPY	State Street SPDR S&P 500 ETFRead Desk		0.09%	0.99%	+1.7%	+13.3%	+13.4%	+24.1%	+12.6%	−8.9%	$804.8B
2	AARB	AltShares Merger Arbitrage ETFRead Desk		0.82%	0.42%	+0.2%	+3.7%	+4.4%	+5.3%	+4.2%	−2.1%	$111M

End-of-day Nov 4, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

ARB vs SPY

ARB

AltShares Merger Arbitrage

$12,310

SPY

SPDR S&P 500

$18,060

MeasureARBSPY

Fee0.82%0.09%

Cost on $10k a year$82$9

Yield0.42%0.99%

5 years, per year+4.2%+12.6%

3 years, per year+5.3%+24.1%

Worst drop · 1Y−2.1%−8.9%

Volatility · 1Y4.9%12.9%

4–2measures won
SPY first

0.0%

holdings shared

Nov 4, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+13.4%

SPYSPDR

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$182BAssets$805B

1–0SPYM wins

End-of-day Nov 4, 2026

SCHD vs VIG

YTD

SchwabSCHD

+35.3%

VIGVanguard

+16.4%

+35.3%Year to date+16.4%

2.9%Yield1.4%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 4, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+8.8%

+8.5%Year to date+8.8%

12.2%Yield7.8%

$42.1BAssets$46.1B

1–1level

End-of-day Nov 4, 2026

Overlap: ARB, SPY

Today

0.0%most shared, ARB and SPY

ARBSPY

ARB—0.0%

SPY0.0%—

End-of-day Nov 4, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$90most kept, SPY

SPY$99 − $9 = $90

ARB$42 − $82 = −$40

KeptFee

End-of-day Nov 4, 2026 · yield in dollars minus the fee