- CUSIP
- 02210T207
- Issuer
- AltShares
- Inception Date
- Dec 31, 2014
- Category
- Event Driven, Long-Short
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $9M
Share Price Chart
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Performance
EVNT Performance Chart
AltShares Event-Driven ETF (EVNT) is up 4.4% since the beginning of the year. EVNT is currently trading at $12 per share.
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Returns By Period
AltShares Event-Driven ETF (EVNT) has returned 4.38% so far this year and 11.19% over the past 12 months.
AltShares Event-Driven ETF
- 1D
- 0.31%
- 1M
- 1.39%
- YTD
- 4.38%
- 6M
- 4.47%
- 1Y
- 11.19%
- 3Y*
- 10.55%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EVNT Monthly Returns History
Based on dividend-adjusted daily data since Sep 20, 2021, EVNT's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 60% of months were positive and 40% 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% | 1.44% | 0.38% | 0.92% | 4.38% | ||||||
| 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 | -1.05% | 0.77% | -4.25% | 1.18% | -3.40% |
Benchmark Metrics
AltShares Event-Driven ETF has an annualized alpha of 0.78%, beta of 0.35, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since September 20, 2021.
- This ETF participated in 31.69% of S&P 500 Index downside but only 27.87% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.35 may look defensive, but with R2 of 0.42 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 0.42 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
- 0.78%
- Beta
- 0.35
- R²
- 0.42
- Upside Capture
- 27.87%
- Downside Capture
- 31.69%
Expense Ratio
EVNT has a high expense ratio of 1.30%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EVNT ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVNT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.78 | +0.57 |
| Martin ratioReturn relative to average drawdown | 10.70 | 12.44 | -1.74 |
Dividends
Dividend History
AltShares Event-Driven ETF provided a 4.58% 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 | 4.58% | 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 | $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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.85%Jun 2022 | 7mo 16d | 1y 6mo | 2y 1moNov 2021 - Dec 2023 |
2024 pullback2024 | -5.15%Apr 2024 | 3mo 27d | 3mo | 6mo 27dDec 2023 - Jul 2024 |
2025 selloff2025 | -5.06%Apr 2025 | 13d | 20d | 1mo 3dMar 2025 - Apr 2025 |
2025 pullback2025 | -3.35%Oct 2025 | 1d | 2mo 21d | 2mo 22dOct 2025 - Jan 2026 |
2024 pullback2024 | -2.56%Aug 2024 | 4d | 14d | 18dAug 2024 - Aug 2024 |
Drawdown Indicators
| EVNT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -56.78% | +42.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -9.10% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -18.90% | +13.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -10.71% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.03% | -0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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