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ETFs

AltShares Event-Driven ETF

EVNT
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Today’s Change
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Snapshot
*

Inception Date
Sep 20 2021
Expense Ratio
1.53%
Type
Global Diversified
Fund Owner
AltShares
Volume (1m avg. daily)
$4,225
AUM
$2,786,902
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ATVI
Activision Blizzard Inc
7.95%
HZNP
Horizon Therapeutics Plc
4.40%
SYNH
Syneos Health Inc - Ordinary Shares - Class A
4.39%
n/a
USD
4.13%
FHN
First Horizon Corporation
3.61%
AJRD
Aerojet Rocketdyne Holdings Inc
3.60%
RXDX
Prometheus Biosciences Inc
3.37%
SGEN
Seagen Inc
3.25%
XM
Qualtrics International Inc - Ordinary Shares - Class A
2.98%
UNVR
Univar Solutions Inc
2.95%
Invest with EVNT

What is EVNT?

EVNT is a non diversified actively managed ETF that pursues an event driven strategy which seeks to profit by investing long and or short in the equity and debt securities of companies whose prices the adviser believes are or will be impacted by a publicly announced or anticipated corporate event The funds objective is to achieve capital appreciation over a full market cycle with lower volatility than the broad equity market.

ETFs related toEVNT

ETFs correlated to EVNT include BSVO, DFLV, RDVI

EVNT
AltShares Trust - AltShares Event-Driven ETF
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
RDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Rising Dividend Achievers Target Income ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

EVNT is a Global Diversified ETF. EVNT is a non diversified actively managed ETF that pursues an event driven strategy which seeks to profit by investing long and or short in the equity and debt securities of companies whose prices the adviser believes are or will be impacted by a publicly announced or anticipated corporate event The funds objective is to achieve capital appreciation over a full market cycle with lower volatility than the broad equity market.

Yes, EVNT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, EVNT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EVNT is 0.0108%. This is the percent change in the value of EVNT over the most recent 1-month period. The 3-month return on EVNT is 0.0021%. This is the percent change in the value of EVNT over the most recent 3-month period.

The standard deviation of EVNT for the past year is 0.133%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EVNT include AOM, AOA, and FPEI.

ETFs correlated to EVNT include BSVO, DFLV, and RDVI.

ETFs that are inversely correlated to EVNT include RWM, SRTY, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.