ETF Alternatives to ARBFX - Arbitrage R Mutual Fund

ETF Alternatives To This Mutual Fund

In the tables below, ETFdb.com presents recommended exchange traded fund (ETF) alternatives to the mutual fund ARBFX. These recommendations are powered by ETFdb's Mutual Fund to ETF Converter tool.

How ETFdb.com has selected ETF alternatives to ARBFX: The mutual fund ARBFX has been benchmarked by The Arbitrage Fund against an index, S&P 500 Index, in its fund prospectus. The ETF alternatives to ARBFX listed below consist of (1) ETFs which track S&P 500 Index, and (2) ETFs which track other indexes in the same ETFdb.com Category as S&P 500 Index.

ETFs Linked To S&P 500 Index

The following table presents exchange traded funds linked to S&P 500 Index.

Symbol Symbol	ETF Name ETF Name	Assets Assets	YTD YTD	Expense Ratio Expense Ratio
SPY	State Street SPDR S&P 500 ETF	$776,896,000	6.67%	0.09%
IVV	iShares Core S&P 500 ETF	$818,113,000	6.70%	0.03%
VOO	Vanguard S&P 500 ETF	$1,004,110,000	6.70%	0.03%
SPDN	Direxion Daily S&P 500 Bear 1X ETF	$214,685	-4.08%	0.48%

Large Cap Blend Equities ETFs

The following table presents exchange traded funds linked to indexes in the same ETFdb.com Category as S&P 500 Index.

Symbol Symbol	ETF Name ETF Name	Assets Assets	YTD YTD	Expense Ratio Expense Ratio
PKW	Invesco BuyBack Achievers™ ETF	$1,636,420	2.39%	0.62%
FEX	First Trust Large Cap Core AlphaDEX Fund	$1,556,880	12.07%	0.57%
RSP	Invesco S&P 500® Equal Weight ETF	$90,753,500	8.27%	0.20%
DLN	WisdomTree U.S. LargeCap Dividend Fund	$6,210,630	8.71%	0.28%
DTD	WisdomTree U.S. Total Dividend Fund	$1,602,200	9.07%	0.28%
FVD	First Trust Value Line Dividend Index Fund	$7,998,060	4.21%	0.62%
VYM	Vanguard High Dividend Yield Index ETF	$78,708,600	10.18%	0.04%
RWL	Invesco S&P 500 Revenue ETF	$9,133,040	10.77%	0.39%
MGV	Vanguard Mega Cap Value ETF	$12,722,700	12.42%	0.05%
IWD	iShares Russell 1000 Value ETF	$75,372,500	12.26%	0.18%
PRF	Invesco RAFI US 1000 ETF	$9,546,340	12.73%	0.34%
IVE	iShares S&P 500 Value ETF	$47,380,600	6.34%	0.18%
PBP	Invesco S&P 500 BuyWrite ETF	$342,438	2.85%	0.29%
MOO	VanEck Agribusiness ETF	$920,727	6.09%	0.56%
IGE	iShares North American Natural Resources ETF	$775,907	18.21%	0.39%
HAP	VanEck Natural Resources ETF	$325,444	15.02%	0.41%
DGT	State Street SPDR Global Dow ETF	$617,682	9.61%	0.50%
IWX	iShares Russell Top 200 Value ETF	$3,493,320	12.06%	0.20%
EQL	Alps Equal Sector Weight ETF	$734,175	7.59%	0.19%
SCHV	Schwab U.S. Large-Cap Value ETF	$15,644,700	13.45%	0.04%
VONV	Vanguard Russell 1000 Value ETF	$19,425,700	12.36%	0.06%
VOOV	Vanguard S&P 500 Value ETF	$6,422,500	6.43%	0.07%
TRND	Pacer Trendpilot Fund of Funds ETF	$61,564	6.35%	0.77%
SPYV	State Street SPDR Portfolio S&P 500 Value ETF	$34,939,200	6.38%	0.04%
SPHB	Invesco S&P 500® High Beta ETF	$997,167	19.67%	0.25%
HBTA	Horizon Expedition Plus ETF	$149,993	7.13%	0.86%
SCHD	Schwab US Dividend Equity ETF	$95,893,400	18.59%	0.06%
ACWV	iShares MSCI Global Min Vol Factor ETF	$3,258,270	1.88%	0.20%
GURU	Global X Guru Index ETF	$59,890	3.47%	0.75%
VLU	State Street SPDR S&P 1500 Value Tilt ETF	$712,530	12.02%	0.12%
FNDB	Schwab Fundamental U.S. Broad Market ETF	$1,328,730	12.81%	0.25%
FNDX	Schwab Fundamental U.S. Large Company ETF	$25,546,900	12.79%	0.25%
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	$11,365,000	5.80%	0.35%
RDVY	First Trust Rising Dividend Achievers ETF	$22,878,700	9.19%	0.47%
FTHI	First Trust BuyWrite Income ETF	$2,274,130	2.50%	0.75%
EQLT	iShares MSCI Emerging Markets Quality Factor ETF	$12,265	24.59%	0.35%
DGRO	iShares Core Dividend Growth ETF	$40,735,200	8.16%	0.08%
CFA	VictoryShares US 500 Volatility Wtd ETF	$532,844	5.98%	0.35%
CFO	VictoryShares US 500 Enhanced Volatility Wtd ETF	$408,347	5.98%	0.35%
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd ETF	$724,203	12.97%	0.35%
LRGF	iShares US Equity Factor ETF	$3,411,500	6.28%	0.08%
EQWL	Invesco S&P 100 Equal Weight ETF	$2,586,330	6.46%	0.25%
IUSV	iShares Core S&P U.S. Value ETF	$26,111,600	6.62%	0.04%
PTLC	Pacer Trendpilot US Large Cap ETF	$3,264,350	1.57%	0.60%
PTNQ	Pacer Trendpilot 100 ETF	$1,263,180	6.53%	0.65%
JPUS	JPMorgan Diversified Return Use Equity	$449,150	11.33%	0.18%
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ETF	$7,370,910	12.90%	0.07%
DJD	Invesco Dow Jones Industrial Average Dividend ETF	$456,293	10.68%	0.07%
FTAG	First Trust Indxx Global Agriculture ETF	$15,226	6.03%	0.70%
FDVV	Fidelity High Dividend ETF	$9,688,290	7.46%	0.15%
FDRR	Fidelity Dividend ETF for Rising Rates	$712,482	6.92%	0.15%
FVAL	Fidelity Value Factor ETF	$1,255,050	6.96%	0.15%
NULV	Nuveen ESG Large-Cap Value ETF	$2,108,800	10.85%	0.26%
DIVO	Amplify CWP Enhanced Dividend Income ETF	$7,130,690	4.47%	0.56%
BLES	Inspire Global Hope ETF	$154,570	8.93%	0.49%
EQRR	ProShares Equities for Rising Rates ETF	$57,136	23.10%	0.35%
EDOW	First Trust Dow 30 Equal Weight ETF	$307,522	4.93%	0.50%
SECT	Main Sector Rotation ETF	$2,705,510	6.35%	0.69%
MAGA	Point Bridge America First ETF	$30,234	6.15%	0.72%
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	$4,660,580	9.31%	0.29%
WLDR	Affinity World Leaders Equity ETF	$82,418	24.05%	0.67%
BLCN	Siren NexGen Economy ETF	$37,612	3.05%	0.68%
KARS	KraneShares Electric Vehicles & Future Mobility Index ETF	$97,577	4.94%	0.72%
LEGR	First Trust Indxx Innovative Transaction & Process ETF	$133,232	7.81%	0.65%
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income ETF	$3,358,090	4.41%	0.74%
QDIV	Global X S&P 500 Quality Dividend ETF	$32,476	8.50%	0.20%
IUS	Invesco RAFI Strategic US ETF	$866,418	12.92%	0.19%
SDG	iShares MSCI Global Sustainable Development Goals ETF	$170,942	5.03%	0.50%
DURA	VanEck Durable High Dividend ETF	$37,630	12.38%	0.30%
SSPY	Stratified LargeCap Index ETF	$125,057	8.93%	0.45%
IDRV	iShares Self-driving EV & Tech ETF	$145,432	2.83%	0.47%
ZIG	Acquirers Fund	$32,588	7.88%	0.75%
AMOM	QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	$31,955	16.33%	0.75%
NXTG	First Trust Indxx NextG ETF	$570,304	37.98%	0.70%
UJUN	Innovator U.S. Equity Ultra Buffer ETF - June	$104,924	1.35%	0.79%
LGH	HCM Defender 500 Index ETF	$570,570	-1.05%	1.00%
UNOV	Innovator U.S. Equity Ultra Buffer ETF - November	$106,441	3.85%	0.79%
DAUG	FT Vest U.S. Equity Deep Buffer ETF - August	$360,729	4.11%	0.85%
FAUG	FT Vest U.S. Equity Buffer ETF - August	$1,178,310	4.68%	0.85%
DNOV	FT Vest U.S. Equity Deep Buffer ETF - November	$386,643	3.63%	0.85%
UDEC	Innovator U.S. Equity Ultra Buffer ETF - December	$300,884	3.66%	0.79%
RAFE	PIMCO RAFI ESG U.S. ETF	$152,620	11.00%	0.29%
DFEB	FT Vest U.S. Equity Deep Buffer ETF - February	$454,712	4.44%	0.85%
UMAR	Innovator U.S. Equity Ultra Buffer ETF - March	$202,211	4.26%	0.79%
DMAY	FT Vest U.S. Equity Deep Buffer ETF - May	$358,553	2.56%	0.85%
JEPI	JPMorgan Equity Premium Income Fund	$44,091,300	-0.07%	0.35%
FBCV	Fidelity Blue Chip Value ETF	$163,308	8.91%	0.57%
DJUN	FT Vest U.S. Equity Deep Buffer ETF - June	$323,076	3.79%	0.85%
SIXA	ETC 6 Meridian Mega Cap Equity ETF	$484,417	11.65%	0.46%
SIXH	ETC 6 Meridian Hedged Equity Index Option ETF	$547,477	8.29%	0.69%
XYLD	Global X S&P 500 Covered Call ETF	$3,149,510	2.99%	0.60%
XVV	iShares ESG Select Screened S&P 500 ETF	$635,254	5.16%	0.08%
PSCX	Pacer Swan SOS Conservative (January) ETF	$46,910	3.65%	0.49%
PSMD	Pacer Swan SOS Moderate (January) ETF	$92,601	4.11%	0.49%
PSFD	Pacer Swan SOS Flex (January) ETF	$58,088	4.60%	0.49%
FDEC	FT Vest US Equity Buffer ETF - December	$1,369,390	4.46%	0.85%
QDEC	FT Vest Nasdaq-100 Buffer ETF - December	$683,475	6.76%	0.90%
ACVF	American Conservative Values ETF	$150,714	6.47%	0.75%
DEMZ	Democratic Large Cap Core ETF	$63,982	5.75%	0.45%
JOET	Virtus Terranova U.S. Quality Momentum ETF	$236,158	4.24%	0.29%
SPD	Simplify US Equity PLUS Downside Convexity ETF	$104,996	3.21%	0.53%
SPUC	Simplify US Equity PLUS Upside Convexity ETF	$93,765	4.87%	0.53%
GSPY	Gotham Enhanced 500 ETF	$707,794	7.40%	0.50%
PSFF	Pacer Swan SOS Fund of Funds ETF	$577,296	4.42%	0.66%
JANZ	TrueShares Structured Outcome (January) ETF	$40,452	4.88%	0.80%
MARZ	TrueShares Structured Outcome (March) ETF	$35,227	4.80%	0.79%
STNC	Hennessy Stance ESG ETF	$93,098	8.00%	0.85%
APRZ	TrueShares Structured Outcome (April) ETF	$32,338	4.17%	0.79%
PSMR	Pacer Swan SOS Moderate (April) ETF	$89,404	6.67%	0.49%
XBAP	Innovator U.S. Equity Accelerated 9 Buffer ETF - April	$132,938	6.92%	0.79%
FAPR	FT Vest U.S. Equity Buffer ETF - April	$1,129,690	3.11%	0.85%
SCHY	Schwab International Dividend Equity ETF	$2,264,520	8.20%	0.08%
MAYZ	TrueShares Structured Outcome (May) ETF	$34,251	5.38%	0.79%
JUNZ	TrueShares Structured Outcome (June) ETF	$31,171	5.40%	0.79%
TSPA	T. Rowe Price U.S. Equity Research ETF	$3,481,180	7.06%	0.34%
QVML	Invesco S&P 500 QVM Multi-factor ETF	$1,610,580	7.15%	0.11%
BALT	Innovator Defined Wealth Shield ETF	$2,496,620	1.97%	0.69%
PSCJ	Pacer Swan SOS Conservative (July) ETF	$41,711	4.44%	0.49%
PSFJ	Pacer Swan SOS Flex (July) ETF	$34,920	4.95%	0.49%
PSMJ	Pacer Swan SOS Moderate (July) ETF	$176,585	4.20%	0.49%
JUSA	JPMorgan U.S. Research Enhanced Large Cap ETF	$404,125	5.97%	0.12%
QDPL	Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	$1,634,460	6.39%	0.60%
NOVZ	TrueShares Structured Outcome (November) ETF	$37,260	5.13%	0.79%
IFED	ETRACS IFED Invest with the Fed TR Index ETN due September 15, 2061	$48,437	-6.78%	0.45%
PSCQ	Pacer Swan SOS Conservative (October) ETF	$47,874	4.02%	0.49%
PSFO	Pacer Swan SOS Flex (October) ETF	$45,334	4.92%	0.49%
PSMO	Pacer Swan SOS Moderate (October) ETF	$99,042	4.13%	0.49%
QQMG	Invesco ESG NASDAQ 100 ETF	$203,711	13.81%	0.20%
RSPE	Invesco ESG S&P 500 Equal Weight ETF	$64,824	10.29%	0.20%
WTV	WisdomTree U.S. Value Fund	$3,076,850	9.46%	0.12%
UMMA	Wahed Dow Jones Islamic World ETF	$281,864	23.70%	0.65%
DUHP	Dimensional US High Profitability ETF	$11,988,200	5.97%	0.20%
DIHP	Dimensional International High Profitability ETF	$5,985,140	5.91%	0.27%
RPHS	Regents Park Hedged Market Strategy ETF	$55,166	3.63%	0.75%
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	$2,307,020	6.72%	0.10%
FTDS	First Trust Dividend Strength ETF	$39,484	8.07%	0.70%
JEPQ	JPMorgan NASDAQ Equity Premium Income ETF	$38,923,400	4.48%	0.35%
FTQI	First Trust Nasdaq BuyWrite Income ETF	$879,016	8.04%	0.75%
SELV	SEI Enhanced Low Volatility U.S. Large Cap ETF	$236,576	2.64%	0.15%
SEIM	SEI Enhanced U.S. Large Cap Momentum Factor ETF	$1,413,530	12.93%	0.15%
SEIQ	SEI Enhanced U.S. Large Cap Quality Factor ETF	$639,499	0.32%	0.15%
LCF	Touchstone US Large Cap Focused ETF	$64,920	0.94%	0.56%
DVND	Touchstone Dividend Select ETF	$52,539	8.29%	0.50%
SPYI	NEOS S&P 500 High Income ETF	$10,006,500	4.11%	0.68%
AVIE	Avantis Inflation Focused Equity ETF	$10,400	14.16%	0.25%
MODL	VictoryShares WestEnd U.S. Sector ETF	$993,657	3.88%	0.46%
HAPI	Harbor Human Capital Factor US Large Cap ETF	$479,055	5.78%	0.35%
ADPV	Adaptiv Select ETF	$183,102	7.81%	1.00%
HDUS	Hartford Disciplined US Equity ETF	$188,974	7.29%	0.19%
CDEI	Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF	$17,728	6.20%	0.14%
CVIE	Calvert International Responsible Index ETF	$395,808	13.46%	0.18%
CVLC	Calvert US Large-Cap Core Responsible Index ETF	$837,944	8.38%	0.15%
SNAV	Mohr Sector Nav ETF	$28,472	7.02%	1.59%
LOWV	AB US Low Volatility Equity ETF	$199,884	0.75%	0.39%
DRUP	GraniteShares Nasdaq Select Disruptors ETF	$46,748	-7.92%	0.60%
POWA	Invesco Bloomberg Pricing Power ETF	$195,004	-2.77%	0.40%
BMVP	Invesco Bloomberg MVP Multi-factor ETF	$101,522	6.32%	0.29%
QQQY	Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF	$182,764	6.58%	1.01%
LRGC	AB US Large Cap Strategic Equities ETF	$1,226,410	4.28%	0.39%
HELO	JPMorgan Hedged Equity Laddered Overlay ETF	$4,032,690	0.83%	0.50%
KNGZ	First Trust S&P 500 Diversified Dividend Aristocrats ETF	$63,350	13.34%	0.50%
BLCR	iShares Large Cap Core Active ETF	$6,022,700	13.16%	0.36%
GPIQ	Goldman Sachs Nasdaq-100 Premium Income ETF	$4,538,570	11.54%	0.29%
GPIX	Goldman Sachs S&P 500 Premium Income ETF	$4,310,430	6.30%	0.29%
LQAI	LG QRAFT AI-Powered U.S. Large Cap Core ETF	$2,276	15.08%	0.75%
FELC	Fidelity Enhanced Large Cap Core ETF	$7,799,920	6.58%	0.18%
BCUS	Bancreek U.S. Large Cap ETF	$107,784	7.98%	0.70%
ISPY	ProShares S&P 500 High Income ETF	$1,266,340	5.59%	0.56%
QQQI	NEOS Nasdaq 100 High Income ETF	$12,222,300	6.71%	0.68%
FYEE	Fidelity Yield Enhanced Equity ETF	$187,118	3.07%	0.28%
CPSM	Calamos S&P 500 Structured Alt Protection ETF - May	$54,656	1.83%	0.69%
KSPY	KraneShares Hedgeye Hedged Equity Index ETF	$96,211	3.77%	0.88%
QQA	Invesco QQQ Income Advantage ETF	$732,226	8.59%	0.29%
RSPA	Invesco S&P 500 Equal Weight Income Advantage ETF	$855,837	6.98%	0.29%
FLCC	Federated Hermes MDT Large Cap Core ETF	$120,892	4.74%	0.29%
SPYM	State Street SPDR Portfolio S&P 500 ETF	$140,550,000	6.72%	0.02%
WDTE	Defiance S&P 500 Weekly Distribution ETF	$65,303	4.80%	1.03%
QBIG	Invesco Top QQQ ETF	$35,857	1.09%	0.29%
QQLV	Invesco QQQ Low Volatility ETF	$1,972	3.40%	0.25%
ACLC	American Century Large Cap Equity ETF	$309,715	4.28%	0.39%
BUFM	AB Moderate Buffer ETF	$411,548	1.98%	0.69%
BRIF	FIS Bright Portfolios Focused Equity ETF	$146,188	15.94%	0.65%
OMAH	VistaShares Target 15 Berkshire Select Income ETF	$797,856	5.34%	0.95%
WTPI	WisdomTree Equity Premium Income Fund	$477,070	1.55%	0.44%
QQHG	Invesco QQQ Hedged Advantage ETF	$13,031	7.56%	0.45%
BOBP	CORE16 Best of Breed Premier Index ETF	$617	16.21%	0.70%
BLUX	Bluemonte Dynamic Total Market ETF	$548,389	10.16%	0.25%
USEW	Cambria US EW ETF	$185,250	6.17%	0.30%