AltShares Event-Driven ETF
$12.300.00 (0.00%)
- 1.33%
- $13M
- +9.6%
- 4.48%
- 0M sh
- $12.27
- low $10.35high $13.00
The ETF.net EVNT Grade
D
Score 37 out of 100
- 21 of 30
Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D34 out of 100Rank 20 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 8 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F5 out of 100Rank 30 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 21 of 30
Our read on EVNT
DMost funds in this corner bet on announced mergers. EVNT casts wider: a long/short book of stocks and bonds tied to any corporate event, anywhere in the world. Hedge-fund playbook, ETF wrapper, hedge-fund-style fee.
The Fund seeks returns through a long/short event-driven strategy investing in equity and debt securities whose prices may be affected by publicly announced or anticipated corporate events. It may pursue opportunities across industries, sectors, market capitalizations, credit qualities and countries.
Why people hold it
- Widest net in its niche: mergers plus any publicly announced or anticipated corporate event, in equity or debt, across sectors, market caps, credit qualities and countries.
- Runs longs and shorts together, so the outcome leans on how specific deals and events resolve rather than on the market's direction.
- About 60 positions inside a 1940 Act ETF launched in 2021: daily pricing, intraday trading, no lockups.
Worth knowing
- 1.33% a year, versus roughly 0.75% at merger-arb peers MNA and ARB. The broader, shortable mandate carries an active-management price tag.
- A small, thinly traded fund, so spreads can be wide and size moves the price. Limit orders are the norm in this part of the market.
- Cash goes out on an annual or semiannual schedule, not monthly, and on cost plus trading friction it sits at the back of its small event/arb peer group.
EVNT Holdings
- Other
- 64
- 42%
- Chart Industries, Inc.
Sectors
- Health Care23.3%
- Consumer Discretionary18.6%
- Industrials13.3%
- Communication10.3%
- Technology8.1%
- Financials8.0%
- Utilities6.5%
- Energy4.5%
- Materials2.8%
- Consumer Staples2.6%
- Real Estate1.8%
Geography
- United States91.60%
- United Kingdom5.72%
- Canada1.83%
- Germany0.86%
EVNT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
EVNT$10,961
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EVNT |
|---|---|
| Year to date | +6.6% |
| 1 month | +0.6% |
| 3 months | +1.1% |
| 1 year | +9.6% |
| 3 years | +10.6% |
| 5 years | +5.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EVNT |
|---|---|---|
| 2026 YTD | +6.6% | |
| 2025 | +13.8% | |
| 2024 | +5.1% | |
| 2023 | +13.3% | |
| 2022 | −8.6% | |
| 2021 | −3.2% |
EVNT in the news
EVNT Dividends
- 4.48%
- $0.55
- $0.55 per share
- Annual
Distribution history
EVNT Risk
- 5.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.94
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.27
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EVNT Cost
1.33%
EVNT1.33%
- The middle half of Alternative Strategies funds
- Median 1.00%
19 of the 30 Alternative Strategies funds charge less.
Other funds in Alternative Strategies
- CLBAYLeatherback Long/Short Alternative Yield ETFExpense ratio 1.27%1 year return +7.7%
- DCBLSClough Hedged Equity ETFExpense ratio 1.89%1 year return +11.7%
- DFFLSThe Future Fund Long/Short ETFExpense ratio 2.05%1 year return +1.5%
- DLSEQHarbor Long-Short Equity ETF (LSEQ)Expense ratio 2.28%1 year return +28.0%
- DQISSimplify Multi-QIS Alternative ETFExpense ratio 1.21%1 year return −36.1%