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 |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.altsharesetfs.com |
| Asset Class | Equity |
Expense Ratio
EVNT has a high expense ratio of 1.30%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: EVNT vs. SPY, EVNT vs. ARB, EVNT vs. QQQ
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 5.37% year-to-date (YTD) and 11.75% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.37% | 25.82% |
| 1 month | 0.88% | 3.20% |
| 6 months | 8.84% | 14.94% |
| 1 year | 11.75% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.41% | -0.15% | 1.72% | -3.60% | 1.30% | 0.61% | 5.10% | 0.49% | 1.09% | 0.19% | 5.37% | ||
| 2023 | 3.71% | -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 48, 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.
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 provided a 0.56% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.06 | $0.06 | $0.24 |
Dividend yield | 0.56% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $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.
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 0.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.84% | 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 |
| -2.56% | Aug 1, 2024 | 3 | Aug 5, 2024 | 10 | Aug 19, 2024 | 13 |
| -1.54% | Sep 21, 2021 | 26 | Oct 26, 2021 | 4 | Nov 1, 2021 | 30 |
| -1.01% | Sep 4, 2024 | 3 | Sep 6, 2024 | 4 | Sep 12, 2024 | 7 |
Volatility
Volatility Chart
The current AltShares Event-Driven ETF volatility is 1.14%, 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.