ARB vs SPY

AARB

BSPY

Measures won2–4SPY wins · of 6 · 5Y

$10,000 · 5Y$17,177IVV · SPY $17,118

Lowest cost0.03%IVV · $3 on $10k

Most income1.14%IVV · $114 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 · $819B

+5.2%3 years · per year$11,629 · $18,039+21.7%

+4.1%5 years · per year$12,230 · $17,118+11.3%

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

0.42%12-mo yield$42 · $103 on $10k1.03%

−2.1%Worst dropSmaller wins−8.9%

4.9%VolatilityLower wins13.6%

2–4SPY wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsARB · SPY

2.5%TECH0.0%

Held in common0.0%

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$852.9B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$818.5B
3	AARB	AltShares Merger Arbitrage ETFRead Desk	0.82%	0.42%	+0.1%	+3.4%	+3.9%	+5.2%	+4.1%	−2.1%	$111M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$852.9B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$818.5B
3	AARB	AltShares Merger Arbitrage ETFRead Desk	0.82%	0.42%	+0.1%	+3.4%	+3.9%	+5.2%	+4.1%	−2.1%	$111M

End-of-day Nov 6, 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

$12,230

SPY

SPDR S&P 500

$17,118

MeasureARBSPY

Fee0.82%0.09%

Cost on $10k a year$82$9

Yield0.42%1.03%

5 years, per year+4.1%+11.3%

3 years, per year+5.2%+21.7%

Worst drop · 1Y−2.1%−8.9%

Volatility · 1Y4.9%13.6%

4–2measures won
SPY first

0.0%

holdings shared

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$182BAssets$819B

2–0SPYM wins

End-of-day Nov 6, 2026

VOO vs IVV

YTD

VanguardVOO

+8.7%

IVViShares

+8.7%

+8.7%Year to date+8.7%

1.1%Yield1.1%

$1.00TAssets$853B

0–0level

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

Overlap: ARB, SPY, IVV

Today

99.9%most shared, SPY and IVV

ARBSPYIVV

ARB—0.0%0.0%

SPY0.0%—99.9%

IVV0.0%99.9%—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$111most kept, IVV

IVV$114 − $3 = $111

SPY$103 − $9 = $94

ARB$42 − $82 = −$40

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee