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AltShares Event-Driven ETF (EVNT)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

CUSIP02210T207
IssuerAltShares
Inception DateDec 31, 2014
CategoryEvent Driven, Actively Managed, Long-Short
Leveraged1x
Index TrackedNo Index (Active)
Home Pagewww.altsharesetfs.com
Asset ClassEquity

Expense Ratio

EVNT has a high expense ratio of 1.30%, indicating higher-than-average management fees.


Expense ratio chart for EVNT: current value at 1.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.30%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons: EVNT vs. SPY, EVNT vs. ARB

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.


0.00%5.00%10.00%15.00%MayJuneJulyAugustSeptemberOctober
9.89%
16.00%
EVNT (AltShares Event-Driven ETF)
Benchmark (^GSPC)

Returns By Period

AltShares Event-Driven ETF had a return of 4.57% year-to-date (YTD) and 11.63% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date4.57%22.85%
1 month1.09%4.16%
6 months9.24%15.77%
1 year11.63%35.40%
5 years (annualized)N/A14.46%
10 years (annualized)N/A12.04%

Monthly Returns

The table below presents the monthly returns of EVNT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-2.41%-0.15%1.72%-3.60%1.30%0.61%5.10%0.49%1.09%4.57%
20233.71%-0.21%1.65%-0.20%-2.42%3.91%2.20%-0.10%-1.37%-1.69%4.62%2.77%13.28%
2022-1.67%0.24%-0.78%-2.13%-0.50%-4.26%4.55%0.83%-2.86%0.57%1.32%-3.95%-8.61%
2021-0.87%0.77%-4.25%1.18%-3.23%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of EVNT is 38, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of EVNT is 3838
Combined Rank
The Sharpe Ratio Rank of EVNT is 3535Sharpe Ratio Rank
The Sortino Ratio Rank of EVNT is 3737Sortino Ratio Rank
The Omega Ratio Rank of EVNT is 3737Omega Ratio Rank
The Calmar Ratio Rank of EVNT is 5353Calmar Ratio Rank
The Martin Ratio Rank of EVNT is 2727Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


EVNT
Sharpe ratio
The chart of Sharpe ratio for EVNT, currently valued at 1.40, compared to the broader market0.002.004.001.40
Sortino ratio
The chart of Sortino ratio for EVNT, currently valued at 2.08, compared to the broader market0.005.0010.002.08
Omega ratio
The chart of Omega ratio for EVNT, currently valued at 1.26, compared to the broader market1.001.502.002.503.001.26
Calmar ratio
The chart of Calmar ratio for EVNT, currently valued at 1.42, compared to the broader market0.005.0010.0015.001.42
Martin ratio
The chart of Martin ratio for EVNT, currently valued at 4.96, compared to the broader market0.0020.0040.0060.0080.00100.004.96
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.78, compared to the broader market0.002.004.002.78
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.70, compared to the broader market0.005.0010.003.70
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.50, compared to the broader market1.001.502.002.503.001.50
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.45, compared to the broader market0.005.0010.0015.002.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.98, compared to the broader market0.0020.0040.0060.0080.00100.0016.98

Sharpe Ratio

The current AltShares Event-Driven ETF Sharpe ratio is 1.40. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of AltShares Event-Driven ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50MayJuneJulyAugustSeptemberOctober
1.40
2.78
EVNT (AltShares Event-Driven ETF)
Benchmark (^GSPC)

Dividends

Dividend History

AltShares Event-Driven ETF granted a 0.57% dividend yield in the last twelve months. The annual payout for that period amounted to $0.06 per share.


PeriodTTM20232022
Dividend$0.06$0.06$0.24

Dividend yield

0.57%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
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.


-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober00
EVNT (AltShares Event-Driven ETF)
Benchmark (^GSPC)

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 13.84%, occurring on Jun 16, 2022. Recovery took 381 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-13.84%Nov 2, 2021157Jun 16, 2022381Dec 21, 2023538
-5.15%Dec 22, 202379Apr 17, 202461Jul 16, 2024140
-2.56%Aug 1, 20243Aug 5, 202410Aug 19, 202413
-1.54%Sep 21, 202126Oct 26, 20214Nov 1, 202130
-1.01%Sep 4, 20243Sep 6, 20244Sep 12, 20247

Volatility

Volatility Chart

The current AltShares Event-Driven ETF volatility is 0.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%MayJuneJulyAugustSeptemberOctober
0.81%
2.86%
EVNT (AltShares Event-Driven ETF)
Benchmark (^GSPC)