EVNT vs. RBIL

Last updated Jun 24, 2026

EVNT (AltShares Event-Driven ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - EVNT is a Event Driven fund actively managed by AltShares, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. EVNT is actively managed, while RBIL is passively managed. Over the past year, EVNT returned 11.02% vs 4.07% for RBIL. At a correlation of -0.14, they often move in opposite directions. EVNT charges 1.30%/yr vs 0.17%/yr for RBIL.

Performance

EVNT vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AltShares Event-Driven ETF (EVNT) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVNT achieves a 4.68% return, which is significantly higher than RBIL's 2.32% return.

EVNT

• 1D: 0.29%
• 1M: 1.68%
• YTD: 4.68%
• 6M: 4.48%
• 1Y: 11.02%
• 3Y*: 10.66%
• 5Y*: —
• 10Y*: —

RBIL

• 1D: 0.01%
• 1M: -0.19%
• YTD: 2.32%
• 6M: 2.37%
• 1Y: 4.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVNT vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
EVNT AltShares Event-Driven ETF	4.68%	11.12%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.32%	2.85%

Correlation

The correlation between EVNT and RBIL is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.14

Return for Risk

EVNT vs. RBIL — Risk / Return Rank

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

EVNT

EVNT Risk / Return Rank: 55
EVNT Sharpe Ratio Rank: 44
EVNT Sortino Ratio Rank: 47
EVNT Omega Ratio Rank: 52
EVNT Calmar Ratio Rank: 70
EVNT Martin Ratio Rank: 62

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVNT vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	1.45	4.35	-2.90
Sortino ratio: Return per unit of downside risk	2.18	6.69	-4.52
Omega ratio: Gain probability vs. loss probability	1.31	2.13	-0.82
Calmar ratio: Return relative to maximum drawdown	3.31	7.82	-4.52
Martin ratio: Return relative to average drawdown	10.54	42.95	-32.41

EVNT vs. RBIL - Sharpe Ratio Comparison

The current EVNT Sharpe Ratio is 1.45, which is lower than the RBIL Sharpe Ratio of 4.35. The chart below compares the historical Sharpe Ratios of EVNT and RBIL, 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. RBIL - Drawdown Comparison

The maximum EVNT drawdown since its inception was -13.85%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for EVNT and RBIL.

Drawdown Indicators

	EVNT	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-0.52%	-13.33%
Max Drawdown (1Y) Largest decline over 1 year	-3.35%	-0.52%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-5.15%	—	—
Current Drawdown Current decline from peak	0.00%	-0.50%	+0.50%
Average Drawdown Average peak-to-trough decline	-3.76%	-0.07%	-3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.10%	+0.95%

Volatility

EVNT vs. RBIL - Volatility Comparison

AltShares Event-Driven ETF (EVNT) has a higher volatility of 1.75% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that EVNT's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVNT	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.75%	0.36%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	3.81%	0.85%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	7.65%	0.95%	+6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.23%	1.07%	+8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.23%	1.07%	+8.16%

EVNT vs. RBIL - Expense Ratio Comparison

EVNT has a 1.30% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

EVNT vs. RBIL - Dividend Comparison

EVNT's dividend yield for the trailing twelve months is around 4.57%, more than RBIL's 4.38% yield.

Position	TTM	2025	2024	2023	2022
EVNT AltShares Event-Driven ETF	4.57%	4.78%	0.66%	0.59%	2.61%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.38%	3.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVNT and RBIL in my portfolio?

EVNT and RBIL have a correlation of -0.16, 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 RBIL?

EVNT has higher volatility (1.75%) compared to RBIL (0.36%). In terms of maximum drawdown, EVNT dropped -13.85% vs RBIL's -0.52%.

Which ETF is better, EVNT or RBIL?

On 1-year performance, EVNT leads with 11.02% vs 4.07% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVNT or RBIL?

Over the 1-year period, EVNT has performed better with a 11.02% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVNT or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 1.30% for EVNT.

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

EVNT has the higher dividend yield at 4.57%, compared with 4.38% for RBIL.

What is the main difference between EVNT and RBIL?

EVNT is categorized as Event Driven, while RBIL is Inflation-Protected Bonds. They also come from different issuers: AltShares and F/m. Their fees differ too: 1.30% for EVNT and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.35 vs 1.45), 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.