EVNT vs. HTUS

Last updated Aug 2, 2026

EVNT (AltShares Event-Driven ETF) and HTUS (Hull Tactical US ETF) are both exchange-traded funds - EVNT is a Long-Short fund actively managed by Water Island, while HTUS is a Equity Hedged fund actively managed by Exchange Traded Concepts. Both are actively managed. Over the past 3 years, EVNT returned 9.71%/yr vs 19.29%/yr for HTUS. Their 0.47 correlation means their historical movements had little consistent relationship. EVNT charges 1.30%/yr vs 0.96%/yr for HTUS.

Performance

EVNT vs. HTUS - Performance Comparison

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

Returns By Period

In the year-to-date period, EVNT achieves a 6.02% return, which is significantly lower than HTUS's 10.86% return.

EVNT

• 1D: 0.24%
• 1M: 0.45%
• 6M: 5.89%
• YTD: 6.02%
• 1Y: 11.18%
• 3Y*: 9.71%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.00%

HTUS

• 1D: 1.19%
• 1M: 0.34%
• 6M: 9.93%
• YTD: 10.86%
• 1Y: 22.65%
• 3Y*: 19.29%
• 5Y*: 14.61%
• 10Y*: 12.41%
• ALL TIME*: 11.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVNT AltShares Event-Driven ETF	$70.44K	$49.74K	$49.38K
HTUS Hull Tactical US ETF	$530.02K	$526.22K	$608.25K

EVNT vs. HTUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EVNT AltShares Event-Driven ETF	6.02%	13.72%	5.13%	13.28%	-8.62%	-3.40%
HTUS Hull Tactical US ETF	10.86%	16.57%	25.02%	30.11%	-13.00%	7.63%

Correlation

The correlation between EVNT and HTUS is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021	0.47

Return for Risk

EVNT vs. HTUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVNT

EVNT Risk / Return Rank: 71
EVNT Sharpe Ratio Rank: 58
EVNT Sortino Ratio Rank: 62
EVNT Omega Ratio Rank: 70
EVNT Calmar Ratio Rank: 83
EVNT Martin Ratio Rank: 79

HTUS

HTUS Risk / Return Rank: 77
HTUS Sharpe Ratio Rank: 76
HTUS Sortino Ratio Rank: 79
HTUS Omega Ratio Rank: 78
HTUS Calmar Ratio Rank: 71
HTUS Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVNT vs. HTUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and Hull Tactical US ETF (HTUS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EVNT	HTUS	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.72	-0.34
Sortino ratio: Return per unit of downside risk	2.07	2.53	-0.46
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	3.11	2.43	+0.68
Martin ratio: Return relative to average drawdown	10.21	11.54	-1.33

EVNT vs. HTUS - Sharpe Ratio Comparison

The current EVNT Sharpe Ratio is 1.38, which is comparable to the HTUS Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of EVNT and HTUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVNT vs. HTUS - Drawdown Comparison

The maximum EVNT drawdown since its inception was -13.85%, smaller than the maximum HTUS drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for EVNT and HTUS.

Drawdown Indicators

	EVNT	HTUS	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-47.50%	+33.65%
Max Drawdown (1Y) Largest decline over 1 year	-3.35%	-8.68%	+5.33%
Max Drawdown (3Y) Largest decline over 3 years	-5.15%	-24.41%	+19.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.50%	—
Current Drawdown Current decline from peak	-0.09%	-0.97%	+0.88%
Average Drawdown Average peak-to-trough decline	-3.68%	-4.02%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	1.83%	-0.81%

Volatility

EVNT vs. HTUS - Volatility Comparison

The current volatility for AltShares Event-Driven ETF (EVNT) is 1.47%, while Hull Tactical US ETF (HTUS) has a volatility of 3.04%. This indicates that EVNT experiences smaller price fluctuations and is considered to be less risky than HTUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVNT	HTUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	3.04%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	3.92%	10.24%	-6.32%
Volatility (1Y) Calculated over the trailing 1-year period	7.57%	12.28%	-4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.16%	19.09%	-9.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.16%	21.50%	-12.34%

EVNT vs. HTUS - Expense Ratio Comparison

EVNT has a 1.30% expense ratio, which is higher than HTUS's 0.96% expense ratio.

Dividends

EVNT vs. HTUS - Dividend Comparison

EVNT's dividend yield for the trailing twelve months is around 4.51%, less than HTUS's 10.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EVNT AltShares Event-Driven ETF	4.51%	4.78%	0.66%	0.59%	2.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HTUS Hull Tactical US ETF	10.73%	11.89%	17.80%	1.18%	5.63%	7.20%	3.77%	0.92%	8.69%	8.29%	3.02%

Frequently Asked Questions

Can I hold both EVNT and HTUS in my portfolio?

EVNT and HTUS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVNT or HTUS?

HTUS has higher volatility (3.04%) compared to EVNT (1.47%). In terms of maximum drawdown, EVNT dropped -13.85% vs HTUS's -47.50%.

Which ETF is better, EVNT or HTUS?

On 3-year performance, HTUS leads with 19.29% vs 9.71% for EVNT. On fees, HTUS is cheaper at 0.96% per year. On volatility, EVNT has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVNT or HTUS?

Over the 3-year period, HTUS has performed better with a 19.29% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVNT or HTUS?

HTUS is cheaper with a 0.96% expense ratio, compared with 1.30% for EVNT.

Which ETF pays a higher dividend yield, EVNT or HTUS?

HTUS has the higher dividend yield at 10.73%, compared with 4.51% for EVNT.

What is the main difference between EVNT and HTUS?

EVNT is categorized as Long-Short, while HTUS is Equity Hedged. They also come from different issuers: Water Island and Exchange Traded Concepts. Their fees differ too: 1.30% for EVNT and 0.96% for HTUS.

Which has better risk-adjusted returns?

HTUS currently has the higher Sharpe Ratio (1.72 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.