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

Correlation

The correlation between EVNT and HDG is 0.64, 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.


-0.50.00.51.00.6

Performance

EVNT vs. HDG - Performance Comparison

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

0.00%2.00%4.00%6.00%8.00%AugustSeptemberOctoberNovemberDecember2025
7.29%
5.02%
EVNT
HDG

Key characteristics

Sharpe Ratio

EVNT:

1.23

HDG:

1.33

Sortino Ratio

EVNT:

1.74

HDG:

1.87

Omega Ratio

EVNT:

1.23

HDG:

1.25

Calmar Ratio

EVNT:

1.67

HDG:

1.24

Martin Ratio

EVNT:

5.25

HDG:

8.73

Ulcer Index

EVNT:

1.63%

HDG:

0.79%

Daily Std Dev

EVNT:

7.01%

HDG:

5.21%

Max Drawdown

EVNT:

-13.84%

HDG:

-15.31%

Current Drawdown

EVNT:

0.00%

HDG:

-0.46%

Returns By Period

In the year-to-date period, EVNT achieves a 1.87% return, which is significantly higher than HDG's 0.85% return.


EVNT

YTD

1.87%

1M

2.32%

6M

5.58%

1Y

8.80%

5Y*

N/A

10Y*

N/A

HDG

YTD

0.85%

1M

0.57%

6M

1.60%

1Y

6.96%

5Y*

2.85%

10Y*

2.62%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


EVNT vs. HDG - Expense Ratio Comparison

EVNT has a 1.30% expense ratio, which is higher than HDG's 0.95% expense ratio.


EVNT
AltShares Event-Driven ETF
Expense ratio chart for EVNT: current value at 1.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.30%
Expense ratio chart for HDG: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

EVNT vs. HDG — 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 5252
Overall Rank
The Sharpe Ratio Rank of EVNT is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of EVNT is 5050
Sortino Ratio Rank
The Omega Ratio Rank of EVNT is 5353
Omega Ratio Rank
The Calmar Ratio Rank of EVNT is 5757
Calmar Ratio Rank
The Martin Ratio Rank of EVNT is 5050
Martin Ratio Rank

HDG
The Risk-Adjusted Performance Rank of HDG is 5757
Overall Rank
The Sharpe Ratio Rank of HDG is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of HDG is 5454
Sortino Ratio Rank
The Omega Ratio Rank of HDG is 5757
Omega Ratio Rank
The Calmar Ratio Rank of HDG is 4848
Calmar Ratio Rank
The Martin Ratio Rank of HDG is 6969
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. 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.


Sharpe ratio
The chart of Sharpe ratio for EVNT, currently valued at 1.23, compared to the broader market0.002.004.001.231.33
The chart of Sortino ratio for EVNT, currently valued at 1.74, compared to the broader market0.005.0010.001.741.87
The chart of Omega ratio for EVNT, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.231.25
The chart of Calmar ratio for EVNT, currently valued at 1.67, compared to the broader market0.005.0010.0015.0020.001.671.24
The chart of Martin ratio for EVNT, currently valued at 5.25, compared to the broader market0.0020.0040.0060.0080.00100.005.258.73
EVNT
HDG

The current EVNT Sharpe Ratio is 1.23, which is comparable to the HDG Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of EVNT and HDG, 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 Ratio0.501.001.502.00AugustSeptemberOctoberNovemberDecember2025
1.23
1.33
EVNT
HDG

Dividends

EVNT vs. HDG - Dividend Comparison

EVNT's dividend yield for the trailing twelve months is around 0.70%, less than HDG's 3.47% yield.


TTM2024202320222021202020192018201720162015
EVNT
AltShares Event-Driven ETF
0.70%0.71%0.59%2.61%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HDG
ProShares Hedge Replication
3.47%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.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%AugustSeptemberOctoberNovemberDecember20250
-0.46%
EVNT
HDG

Volatility

EVNT vs. HDG - Volatility Comparison

AltShares Event-Driven ETF (EVNT) has a higher volatility of 1.26% compared to ProShares Hedge Replication (HDG) at 0.94%. 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.


1.00%1.50%2.00%2.50%3.00%AugustSeptemberOctoberNovemberDecember2025
1.26%
0.94%
EVNT
HDG
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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