EVNT vs. VCIT
EVNT (AltShares Event-Driven ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both exchange-traded funds - EVNT is a Event Driven fund actively managed by AltShares, while VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index. EVNT is actively managed, while VCIT is passively managed. Over the past 3 years, EVNT returned 9.96%/yr vs 5.87%/yr for VCIT. At a 0.26 correlation, their price movements are largely independent. EVNT charges 1.30%/yr vs 0.03%/yr for VCIT.
Performance
EVNT vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, EVNT achieves a 3.29% return, which is significantly higher than VCIT's -0.25% return.
EVNT
- 1D
- 0.04%
- 1M
- -0.22%
- YTD
- 3.29%
- 6M
- 3.36%
- 1Y
- 11.44%
- 3Y*
- 9.96%
- 5Y*
- —
- 10Y*
- —
VCIT
- 1D
- -0.56%
- 1M
- -0.75%
- YTD
- -0.25%
- 6M
- -0.07%
- 1Y
- 5.51%
- 3Y*
- 5.87%
- 5Y*
- 1.13%
- 10Y*
- 2.89%
EVNT vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EVNT AltShares Event-Driven ETF | 3.29% | 13.72% | 5.13% | 13.28% | -8.62% | -3.22% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.25% | 9.34% | 3.20% | 8.98% | -13.98% | -1.56% |
Correlation
The correlation between EVNT and VCIT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.26 |
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Return for Risk
EVNT vs. VCIT — Risk / Return Rank
EVNT
VCIT
EVNT vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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.
| EVNT | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 1.87 | +1.56 |
| Martin ratioReturn relative to average drawdown | 10.96 | 6.19 | +4.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVNT | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.35 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.75 | -0.25 |
Drawdowns
EVNT vs. VCIT - Drawdown Comparison
The maximum EVNT drawdown since its inception was -13.85%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for EVNT and VCIT.
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Drawdown Indicators
| EVNT | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -20.56% | +6.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -2.96% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -6.11% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.78% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -3.16% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.89% | +0.16% |
Volatility
EVNT vs. VCIT - Volatility Comparison
The current volatility for AltShares Event-Driven ETF (EVNT) is 1.15%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.42%. This indicates that EVNT experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVNT | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.42% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 3.10% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.64% | 4.11% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.25% | 6.61% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 6.28% | +2.97% |
EVNT vs. VCIT - Expense Ratio Comparison
EVNT has a 1.30% expense ratio, which is higher than VCIT's 0.03% expense ratio.
Dividends
EVNT vs. VCIT - Dividend Comparison
EVNT's dividend yield for the trailing twelve months is around 4.63%, less than VCIT's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVNT AltShares Event-Driven ETF | 4.63% | 4.78% | 0.66% | 0.59% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.82% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
EVNT and VCIT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCIT has higher volatility (1.42%) compared to EVNT (1.15%). In terms of maximum drawdown, EVNT dropped -13.85% vs VCIT's -20.56%.
On 3-year performance, EVNT leads with 9.96% vs 5.87% for VCIT. On fees, VCIT is cheaper at 0.03% per year. On volatility, EVNT has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EVNT has performed better with a 9.96% return vs 5.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 1.30% for EVNT.
VCIT has the higher dividend yield at 4.82%, compared with 4.63% for EVNT.
EVNT is categorized as Event Driven, while VCIT is Corporate Bonds. They also come from different issuers: AltShares and Vanguard. Their fees differ too: 1.30% for EVNT and 0.03% for VCIT.
EVNT currently has the higher Sharpe Ratio (1.50 vs 1.35), 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.
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