AltShares Event-Driven ETF (EVNT)
EVNT is an actively managed ETF by AltShares. EVNT launched on Dec 31, 2014 and has a 1.30% expense ratio.
ETF Info
| CUSIP | 02210T207 |
|---|---|
| Issuer | AltShares |
| Inception Date | Dec 31, 2014 |
| Category | Event Driven, Actively Managed, Long-Short |
| Index Tracked | No Index (Active) |
| Home Page | www.altsharesetfs.com |
| Asset Class | Equity |
Expense Ratio
The AltShares Event-Driven ETF has a high expense ratio of 1.30%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: EVNT vs. SPY
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.
Returns By Period
AltShares Event-Driven ETF had a return of -4.85% year-to-date (YTD) and 1.45% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -4.85% | 5.90% |
| 1 month | -2.04% | -1.28% |
| 6 months | 0.46% | 15.51% |
| 1 year | 1.45% | 21.68% |
| 5 years (annualized) | N/A | 11.74% |
| 10 years (annualized) | N/A | 10.50% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.41% | -0.15% | 1.72% | |||||||||
| 2023 | -1.37% | -1.69% | 4.62% | 2.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
AltShares Event-Driven ETF(EVNT)
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.
Dividends
Dividend History
AltShares Event-Driven ETF granted a 0.62% dividend yield in the last twelve months. The annual payout for that period amounted to $0.06 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.06 | $0.06 | $0.24 |
Dividend yield | 0.62% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 2022 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
The current AltShares Event-Driven ETF drawdown is 4.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.84% | Nov 2, 2021 | 157 | Jun 16, 2022 | 381 | Dec 21, 2023 | 538 |
| -4.94% | Dec 22, 2023 | 78 | Apr 16, 2024 | — | — | — |
| -1.54% | Sep 21, 2021 | 26 | Oct 26, 2021 | 4 | Nov 1, 2021 | 30 |
Volatility
Volatility Chart
The current AltShares Event-Driven ETF volatility is 2.99%, 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.