EVNT vs. VOO
Compare and contrast key facts about AltShares Event-Driven ETF (EVNT) and Vanguard S&P 500 ETF (VOO).
EVNT and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVNT is an actively managed fund by AltShares. It was launched on Dec 31, 2014. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVNT or VOO.
Correlation
The correlation between EVNT and VOO is 0.63, 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.
Performance
EVNT vs. VOO - Performance Comparison
Key characteristics
EVNT:
1.24
VOO:
0.32
EVNT:
1.93
VOO:
0.57
EVNT:
1.28
VOO:
1.08
EVNT:
2.13
VOO:
0.32
EVNT:
11.43
VOO:
1.42
EVNT:
0.96%
VOO:
4.19%
EVNT:
8.83%
VOO:
18.73%
EVNT:
-13.84%
VOO:
-33.99%
EVNT:
-2.38%
VOO:
-13.85%
Returns By Period
In the year-to-date period, EVNT achieves a 0.46% return, which is significantly higher than VOO's -9.88% return.
EVNT
0.46%
-2.24%
0.71%
10.87%
N/A
N/A
VOO
-9.88%
-6.64%
-9.35%
7.75%
15.13%
11.61%
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EVNT vs. VOO - Expense Ratio Comparison
EVNT has a 1.30% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
EVNT vs. VOO — Risk-Adjusted Performance Rank
EVNT
VOO
EVNT vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
EVNT vs. VOO - Dividend Comparison
EVNT's dividend yield for the trailing twelve months is around 0.66%, less than VOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVNT AltShares Event-Driven ETF | 0.66% | 0.67% | 0.59% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
EVNT vs. VOO - Drawdown Comparison
The maximum EVNT drawdown since its inception was -13.84%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EVNT and VOO. For additional features, visit the drawdowns tool.
Volatility
EVNT vs. VOO - Volatility Comparison
The current volatility for AltShares Event-Driven ETF (EVNT) is 6.35%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.31%. This indicates that EVNT experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.