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AltShares Event-Driven ETF

EVNT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 31 2014
Expense Ratio
1.53%
Type
Global Diversified
Fund Owner
AltShares
Volume (1m avg. daily)
$945
AUM
$2,990,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
USD
8.51%
ATVI
Activision Blizzard Inc
7.16%
DEN
Denbury Inc. - Ordinary Shares - New
5.57%
CIR
Circor International Inc
5.11%
SYNH
Syneos Health Inc - Ordinary Shares - Class A
4.96%
HZNP
Horizon Therapeutics Plc
4.51%
ARGO
Argo Group International Holdings Ltd
4.14%
HCCI
Heritage-Crystal Clean Inc
3.79%
CPRI
Capri Holdings Ltd
3.72%
RETA
Reata Pharmaceuticals Inc - Ordinary Shares - Class A
3.67%
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 VXF, BBMC, EQAL

EVNT
AltShares Trust - AltShares Event-Driven ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted 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.

Automated Strategies
Related toEVNT

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with EVNT using Composer

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 -0.0064%. This is the percent change in the value of EVNT over the most recent 1-month period. The 3-month return on EVNT is 0.0243%. 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 0.1207%. 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 AOK, RLY, and AOA.

ETFs correlated to EVNT include VXF, BBMC, and EQAL.

ETFs that are inversely correlated to EVNT include HDGE, TWM, and RWM.

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.