EVNT vs. HDG
Compare and contrast key facts about AltShares Event-Driven ETF (EVNT) and ProShares Hedge Replication (HDG).
EVNT and HDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVNT is an actively managed fund by AltShares. It was launched on Dec 31, 2014. HDG is a passively managed fund by ProShares that tracks the performance of the Merrill Lynch Factor Model - Exchange Series. It was launched on Jul 12, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVNT or HDG.
Correlation
The correlation between EVNT and HDG is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EVNT vs. HDG - Performance Comparison
Key characteristics
EVNT:
1.45
HDG:
0.31
EVNT:
2.28
HDG:
0.52
EVNT:
1.34
HDG:
1.07
EVNT:
2.60
HDG:
0.32
EVNT:
13.38
HDG:
1.30
EVNT:
0.98%
HDG:
1.79%
EVNT:
8.90%
HDG:
6.82%
EVNT:
-13.84%
HDG:
-15.31%
EVNT:
0.00%
HDG:
-2.49%
Returns By Period
In the year-to-date period, EVNT achieves a 4.17% return, which is significantly higher than HDG's -0.47% return.
EVNT
4.17%
1.84%
3.95%
12.84%
N/A
N/A
HDG
-0.47%
2.35%
-1.46%
2.11%
3.55%
2.25%
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EVNT vs. HDG - Expense Ratio Comparison
EVNT has a 1.30% expense ratio, which is higher than HDG's 0.95% expense ratio.
Risk-Adjusted Performance
EVNT vs. HDG — Risk-Adjusted Performance Rank
EVNT
HDG
EVNT vs. HDG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and ProShares Hedge Replication (HDG). 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.
Dividends
EVNT vs. HDG - Dividend Comparison
EVNT's dividend yield for the trailing twelve months is around 0.64%, less than HDG's 3.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EVNT AltShares Event-Driven ETF | 0.64% | 0.67% | 0.59% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDG ProShares Hedge Replication | 3.41% | 3.50% | 3.48% | 0.39% | 0.00% | 0.08% | 1.09% | 0.52% | 0.00% | 0.00% | 0.00% |
Drawdowns
EVNT vs. HDG - Drawdown Comparison
The maximum EVNT drawdown since its inception was -13.84%, smaller than the maximum HDG drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for EVNT and HDG. For additional features, visit the drawdowns tool.
Volatility
EVNT vs. HDG - Volatility Comparison
AltShares Event-Driven ETF (EVNT) has a higher volatility of 3.42% compared to ProShares Hedge Replication (HDG) at 2.63%. This indicates that EVNT's price experiences larger fluctuations and is considered to be riskier than HDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.