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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AltShares Event-Driven ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
AltShares Event-Driven ETF (EVNT) has returned 1.58% so far this year and 13.29% over the past 12 months.
AltShares Event-Driven ETF
- 1D
- 1.14%
- 1M
- -0.66%
- YTD
- 1.58%
- 6M
- 3.99%
- 1Y
- 13.29%
- 3Y*
- 9.36%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Sep 20, 2021, EVNT's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, your investment would double in approximately 15.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jul 2024 with a return of +5.1%, while the worst month was Jun 2022 at -4.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EVNT closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +4.7%, while the worst single day was Oct 16, 2025 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.13% | 2.12% | -0.66% | 1.58% | |||||||||
| 2025 | 1.37% | 1.48% | -0.89% | 0.74% | 2.46% | 2.29% | 1.48% | 1.90% | -0.21% | -0.42% | 2.80% | 0.00% | 13.72% |
| 2024 | -2.41% | -0.15% | 1.72% | -3.60% | 1.30% | 0.62% | 5.10% | 0.49% | 1.09% | 0.18% | 1.51% | -0.58% | 5.13% |
| 2023 | 3.70% | -0.21% | 1.65% | -0.20% | -2.42% | 3.91% | 2.21% | -0.10% | -1.38% | -1.69% | 4.62% | 2.77% | 13.28% |
| 2022 | -1.67% | 0.23% | -0.78% | -2.12% | -0.51% | -4.25% | 4.55% | 0.83% | -2.86% | 0.57% | 1.32% | -3.95% | -8.62% |
| 2021 | -0.86% | 0.77% | -4.25% | 1.18% | -3.22% |
Benchmark Metrics
AltShares Event-Driven ETF has an annualized alpha of 1.10%, beta of 0.35, and R² of 0.43 versus S&P 500 Index. Calculated based on daily prices since September 21, 2021.
- This ETF participated in 33.83% of S&P 500 Index downside but only 30.48% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.35 may look defensive, but with R² of 0.43 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.43 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.10%
- Beta
- 0.35
- R²
- 0.43
- Upside Capture
- 30.48%
- Downside Capture
- 33.83%
Expense Ratio
EVNT has a high expense ratio of 1.30%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EVNT ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and compare them to a chosen benchmark (S&P 500 Index).
| EVNT | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.90 | +0.44 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.39 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.40 | +1.29 |
Martin ratioReturn relative to average drawdown | 11.00 | 6.61 | +4.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore EVNT risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
AltShares Event-Driven ETF provided a 4.71% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.07 | $0.06 | $0.24 |
Dividend yield | 4.71% | 4.78% | 0.66% | 0.59% | 2.61% |
Monthly Dividends
The table displays the monthly dividend distributions for AltShares Event-Driven ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2022 | $0.24 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AltShares Event-Driven ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AltShares Event-Driven ETF was 13.85%, occurring on Jun 16, 2022. Recovery took 381 trading sessions.
The current AltShares Event-Driven ETF drawdown is 0.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.85% | Nov 2, 2021 | 157 | Jun 16, 2022 | 381 | Dec 21, 2023 | 538 |
| -5.15% | Dec 22, 2023 | 79 | Apr 17, 2024 | 61 | Jul 16, 2024 | 140 |
| -5.06% | Mar 26, 2025 | 10 | Apr 8, 2025 | 13 | Apr 28, 2025 | 23 |
| -3.35% | Oct 16, 2025 | 2 | Oct 17, 2025 | 54 | Jan 6, 2026 | 56 |
| -2.56% | Aug 1, 2024 | 3 | Aug 5, 2024 | 10 | Aug 19, 2024 | 13 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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