EVNT vs. WTIP

Last updated Jun 26, 2026

EVNT (AltShares Event-Driven ETF) and WTIP (WisdomTree Inflation Plus Fund) are both exchange-traded funds - EVNT is a Event Driven fund actively managed by AltShares, while WTIP is a Long-Short fund actively managed by WisdomTree. Both are actively managed. Over the past year, EVNT returned 12.09% vs 20.01% for WTIP. At a 0.03 correlation, their price movements are largely independent. EVNT charges 1.30%/yr vs 0.65%/yr for WTIP.

Performance

EVNT vs. WTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AltShares Event-Driven ETF (EVNT) and WisdomTree Inflation Plus Fund (WTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EVNT having a 5.45% return and WTIP slightly lower at 5.32%.

EVNT

• 1D: 0.41%
• 1M: 2.27%
• YTD: 5.45%
• 6M: 5.39%
• 1Y: 12.09%
• 3Y*: 10.90%
• 5Y*: —
• 10Y*: —

WTIP

• 1D: 1.12%
• 1M: -11.85%
• YTD: 5.32%
• 6M: 4.51%
• 1Y: 20.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVNT vs. WTIP - Yearly Performance Comparison

	2026 (YTD)	2025
EVNT AltShares Event-Driven ETF	5.45%	6.71%
WTIP WisdomTree Inflation Plus Fund	5.32%	13.49%

Correlation

The correlation between EVNT and WTIP is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.03

Return for Risk

EVNT vs. WTIP — Risk / Return Rank

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

EVNT

EVNT Risk / Return Rank: 65
EVNT Sharpe Ratio Rank: 53
EVNT Sortino Ratio Rank: 56
EVNT Omega Ratio Rank: 64
EVNT Calmar Ratio Rank: 79
EVNT Martin Ratio Rank: 71

WTIP

WTIP Risk / Return Rank: 34
WTIP Sharpe Ratio Rank: 35
WTIP Sortino Ratio Rank: 31
WTIP Omega Ratio Rank: 41
WTIP Calmar Ratio Rank: 27
WTIP Martin Ratio Rank: 38

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. WTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AltShares Event-Driven ETF (EVNT) and WisdomTree Inflation Plus Fund (WTIP). 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	WTIP	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.16	+0.43
Sortino ratio: Return per unit of downside risk	2.37	1.54	+0.83
Omega ratio: Gain probability vs. loss probability	1.34	1.24	+0.09
Calmar ratio: Return relative to maximum drawdown	3.63	1.22	+2.41
Martin ratio: Return relative to average drawdown	11.57	5.39	+6.18

EVNT vs. WTIP - Sharpe Ratio Comparison

The current EVNT Sharpe Ratio is 1.59, which is higher than the WTIP Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of EVNT and WTIP, 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. WTIP - Drawdown Comparison

The maximum EVNT drawdown since its inception was -13.85%, smaller than the maximum WTIP drawdown of -16.52%. Use the drawdown chart below to compare losses from any high point for EVNT and WTIP.

Drawdown Indicators

	EVNT	WTIP	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-16.52%	+2.67%
Max Drawdown (1Y) Largest decline over 1 year	-3.35%	-16.52%	+13.17%
Max Drawdown (3Y) Largest decline over 3 years	-5.15%	—	—
Current Drawdown Current decline from peak	0.00%	-15.58%	+15.58%
Average Drawdown Average peak-to-trough decline	-3.75%	-2.04%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	3.72%	-2.67%

Volatility

EVNT vs. WTIP - Volatility Comparison

The current volatility for AltShares Event-Driven ETF (EVNT) is 1.78%, while WisdomTree Inflation Plus Fund (WTIP) has a volatility of 9.89%. This indicates that EVNT experiences smaller price fluctuations and is considered to be less risky than WTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVNT	WTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	9.89%	-8.11%
Volatility (6M) Calculated over the trailing 6-month period	3.78%	16.10%	-12.32%
Volatility (1Y) Calculated over the trailing 1-year period	7.65%	17.29%	-9.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.23%	17.18%	-7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.23%	17.18%	-7.95%

EVNT vs. WTIP - Expense Ratio Comparison

EVNT has a 1.30% expense ratio, which is higher than WTIP's 0.65% expense ratio.

Dividends

EVNT vs. WTIP - Dividend Comparison

EVNT's dividend yield for the trailing twelve months is around 4.53%, more than WTIP's 3.83% yield.

Position	TTM	2025	2024	2023	2022
EVNT AltShares Event-Driven ETF	4.53%	4.78%	0.66%	0.59%	2.61%
WTIP WisdomTree Inflation Plus Fund	3.83%	1.59%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVNT and WTIP in my portfolio?

EVNT and WTIP have a correlation of 0.02, 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 WTIP?

WTIP has higher volatility (9.89%) compared to EVNT (1.78%). In terms of maximum drawdown, EVNT dropped -13.85% vs WTIP's -16.52%.

Which ETF is better, EVNT or WTIP?

On 1-year performance, WTIP leads with 20.01% vs 12.09% for EVNT. On fees, WTIP is cheaper at 0.65% per year. On volatility, EVNT has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVNT or WTIP?

Over the 1-year period, WTIP has performed better with a 20.01% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVNT or WTIP?

WTIP is cheaper with a 0.65% expense ratio, compared with 1.30% for EVNT.

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

EVNT has the higher dividend yield at 4.53%, compared with 3.83% for WTIP.

What is the main difference between EVNT and WTIP?

EVNT is categorized as Event Driven, while WTIP is Long-Short. They also come from different issuers: AltShares and WisdomTree. Their fees differ too: 1.30% for EVNT and 0.65% for WTIP.

Which has better risk-adjusted returns?

EVNT currently has the higher Sharpe Ratio (1.59 vs 1.16), 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.