EVNT vs. IDUB

Last updated Aug 2, 2026

EVNT (AltShares Event-Driven ETF) and IDUB (Aptus International Enhanced Yield ETF) are both Long-Short funds. Both are actively managed. Over the past 3 years, EVNT returned 9.71%/yr vs 16.22%/yr for IDUB. Their 0.52 correlation means they have sometimes moved together and sometimes differently. EVNT charges 1.30%/yr vs 0.45%/yr for IDUB.

Performance

EVNT vs. IDUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AltShares Event-Driven ETF (EVNT) and Aptus International Enhanced Yield ETF (IDUB). 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 IDUB's 15.21% 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%

IDUB

• 1D: -0.01%
• 1M: 0.00%
• 6M: 9.16%
• YTD: 15.21%
• 1Y: 30.13%
• 3Y*: 16.22%
• 5Y*: 6.15%
• 10Y*: —
• ALL TIME*: 6.13%

*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
IDUB Aptus International Enhanced Yield ETF	$907.21K	$1.03M	$881.50K

EVNT vs. IDUB - 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%
IDUB Aptus International Enhanced Yield ETF	15.21%	27.53%	6.12%	9.07%	-19.79%	-1.73%

Correlation

The correlation between EVNT and IDUB is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.49
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021	0.52

The correlation between EVNT and IDUB shifts across timeframes, from 0.36 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

EVNT vs. IDUB - Sectors Allocation Comparison

Sectors	EVNT	IDUB
Healthcare	25.8%	6.8%
Industrials	19.2%	15.6%
Financial Services	16.6%	21.7%
Communication Services	13.2%	4.4%
Consumer Cyclical	8.2%	8.2%
Utilities	5.6%	3.0%
Technology	5.5%	21.0%
Real Estate	5.1%	2.4%
Basic Materials	4.0%	7.6%
Consumer Defensive	2.1%	4.8%
Energy	0.8%	4.7%

Return for Risk

EVNT vs. IDUB — 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

IDUB

IDUB Risk / Return Rank: 78
IDUB Sharpe Ratio Rank: 79
IDUB Sortino Ratio Rank: 78
IDUB Omega Ratio Rank: 79
IDUB Calmar Ratio Rank: 74
IDUB Martin Ratio Rank: 78

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. IDUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and Aptus International Enhanced Yield ETF (IDUB). 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	IDUB	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.81	-0.43
Sortino ratio: Return per unit of downside risk	2.07	2.52	-0.45
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	3.11	2.60	+0.51
Martin ratio: Return relative to average drawdown	10.21	9.99	+0.22

EVNT vs. IDUB - Sharpe Ratio Comparison

The current EVNT Sharpe Ratio is 1.38, which is comparable to the IDUB Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of EVNT and IDUB, 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. IDUB - Drawdown Comparison

The maximum EVNT drawdown since its inception was -13.85%, smaller than the maximum IDUB drawdown of -29.20%. Use the drawdown chart below to compare losses from any high point for EVNT and IDUB.

Drawdown Indicators

	EVNT	IDUB	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-29.20%	+15.35%
Max Drawdown (1Y) Largest decline over 1 year	-3.35%	-11.46%	+8.11%
Max Drawdown (3Y) Largest decline over 3 years	-5.15%	-12.88%	+7.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.20%	—
Current Drawdown Current decline from peak	-0.09%	-1.95%	+1.86%
Average Drawdown Average peak-to-trough decline	-3.68%	-10.88%	+7.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	2.98%	-1.96%

Volatility

EVNT vs. IDUB - Volatility Comparison

The current volatility for AltShares Event-Driven ETF (EVNT) is 1.47%, while Aptus International Enhanced Yield ETF (IDUB) has a volatility of 4.84%. This indicates that EVNT experiences smaller price fluctuations and is considered to be less risky than IDUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVNT	IDUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	4.84%	-3.37%
Volatility (6M) Calculated over the trailing 6-month period	3.92%	14.62%	-10.70%
Volatility (1Y) Calculated over the trailing 1-year period	7.57%	16.52%	-8.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.16%	14.84%	-5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.16%	14.82%	-5.66%

EVNT vs. IDUB - Expense Ratio Comparison

EVNT has a 1.30% expense ratio, which is higher than IDUB's 0.45% expense ratio.

Dividends

EVNT vs. IDUB - Dividend Comparison

EVNT's dividend yield for the trailing twelve months is around 4.51%, less than IDUB's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021
EVNT AltShares Event-Driven ETF	4.51%	4.78%	0.66%	0.59%	2.61%	0.00%
IDUB Aptus International Enhanced Yield ETF	4.59%	4.90%	5.64%	3.71%	2.62%	1.38%

Frequently Asked Questions

Can I hold both EVNT and IDUB in my portfolio?

EVNT and IDUB have a correlation of 0.36, 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 IDUB?

IDUB has higher volatility (4.84%) compared to EVNT (1.47%). In terms of maximum drawdown, EVNT dropped -13.85% vs IDUB's -29.20%.

Which ETF is better, EVNT or IDUB?

On 3-year performance, IDUB leads with 16.22% vs 9.71% for EVNT. On fees, IDUB is cheaper at 0.45% 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 IDUB?

Over the 3-year period, IDUB has performed better with a 16.22% 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 IDUB?

IDUB is cheaper with a 0.45% expense ratio, compared with 1.30% for EVNT.

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

IDUB has the higher dividend yield at 4.59%, compared with 4.51% for EVNT.

What is the main difference between EVNT and IDUB?

They also come from different issuers: Water Island and Aptus. Their fees differ too: 1.30% for EVNT and 0.45% for IDUB.

Which has better risk-adjusted returns?

IDUB currently has the higher Sharpe Ratio (1.81 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.