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EVNT vs. ARB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EVNT and ARB is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

EVNT vs. ARB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AltShares Event-Driven ETF (EVNT) and AltShares Merger Arbitrage ETF (ARB). The values are adjusted to include any dividend payments, if applicable.

2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%December2025FebruaryMarchAprilMay
8.48%
15.05%
EVNT
ARB

Key characteristics

Sharpe Ratio

EVNT:

1.44

ARB:

2.01

Sortino Ratio

EVNT:

2.22

ARB:

2.84

Omega Ratio

EVNT:

1.33

ARB:

1.41

Calmar Ratio

EVNT:

2.53

ARB:

3.07

Martin Ratio

EVNT:

13.02

ARB:

12.43

Ulcer Index

EVNT:

0.98%

ARB:

0.53%

Daily Std Dev

EVNT:

8.91%

ARB:

3.24%

Max Drawdown

EVNT:

-13.84%

ARB:

-5.60%

Current Drawdown

EVNT:

-0.73%

ARB:

-0.44%

Returns By Period

In the year-to-date period, EVNT achieves a 2.99% return, which is significantly higher than ARB's 2.13% return.


EVNT

YTD

2.99%

1M

4.49%

6M

3.54%

1Y

11.91%

5Y*

N/A

10Y*

N/A

ARB

YTD

2.13%

1M

0.84%

6M

1.98%

1Y

6.25%

5Y*

N/A

10Y*

N/A

*Annualized

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EVNT vs. ARB - Expense Ratio Comparison

EVNT has a 1.30% expense ratio, which is higher than ARB's 0.87% expense ratio.


Risk-Adjusted Performance

EVNT vs. ARB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVNT
The Risk-Adjusted Performance Rank of EVNT is 9292
Overall Rank
The Sharpe Ratio Rank of EVNT is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of EVNT is 9090
Sortino Ratio Rank
The Omega Ratio Rank of EVNT is 9191
Omega Ratio Rank
The Calmar Ratio Rank of EVNT is 9494
Calmar Ratio Rank
The Martin Ratio Rank of EVNT is 9595
Martin Ratio Rank

ARB
The Risk-Adjusted Performance Rank of ARB is 9595
Overall Rank
The Sharpe Ratio Rank of ARB is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of ARB is 9494
Sortino Ratio Rank
The Omega Ratio Rank of ARB is 9494
Omega Ratio Rank
The Calmar Ratio Rank of ARB is 9696
Calmar Ratio Rank
The Martin Ratio Rank of ARB is 9595
Martin 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.

EVNT vs. ARB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and AltShares Merger Arbitrage ETF (ARB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current EVNT Sharpe Ratio is 1.44, which is comparable to the ARB Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of EVNT and ARB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00December2025FebruaryMarchAprilMay
1.44
2.01
EVNT
ARB

Dividends

EVNT vs. ARB - Dividend Comparison

EVNT's dividend yield for the trailing twelve months is around 0.65%, less than ARB's 1.10% yield.


TTM20242023202220212020
EVNT
AltShares Event-Driven ETF
0.65%0.67%0.59%2.61%0.00%0.00%
ARB
AltShares Merger Arbitrage ETF
1.10%1.12%0.00%4.18%0.00%2.86%

Drawdowns

EVNT vs. ARB - Drawdown Comparison

The maximum EVNT drawdown since its inception was -13.84%, which is greater than ARB's maximum drawdown of -5.60%. Use the drawdown chart below to compare losses from any high point for EVNT and ARB. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-0.73%
-0.44%
EVNT
ARB

Volatility

EVNT vs. ARB - Volatility Comparison

AltShares Event-Driven ETF (EVNT) has a higher volatility of 6.19% compared to AltShares Merger Arbitrage ETF (ARB) at 1.29%. This indicates that EVNT's price experiences larger fluctuations and is considered to be riskier than ARB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%December2025FebruaryMarchAprilMay
6.19%
1.29%
EVNT
ARB