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ARBvsEVNTETF Comparison

ETF 1

ARB

AltShares Merger Arbitrage ETF

This fund is part of

Alternatives

-0.39%

Full ARB fund page

VS

ETF 2

EVNT

AltShares Event-Driven ETF

This fund is part of

Alternatives

-0.39%

Full EVNT fund page

AltShares Merger Arbitrage ETF (ARB) and AltShares Event-Driven ETF (EVNT) belong to the same industry segment: Alternatives. ARB's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, EVNT's top sector exposures are Healthcare, Technology and Consumer Services. ARB is less expensive with a Total Expense Ratio (TER) of 0.76%, versus 1.33% for EVNT. ARB is up 2.76% year-to-date (YTD) with -$973K in YTD flows. EVNT performs better with 6.16% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of ARB and EVNT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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ARB vs EVNT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 08/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ARB EVNT	+0.30%+0.08%	+0.68%+2.68%	+2.76%+6.16%	+3.42%+8.71%	+16.31%+33.92%	+22.60%n/a
Flows	ARB EVNT	-$42K+$7K	-$2M+$487K	-$973K+$3M	+$13M+$7M	+$18M+$9M	+$85M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ARB EVNT	+1.66%+4.55%	+1.57%+4.39%	+2.01%+6.29%	+2.83%n/a
Max drawdown	ARB EVNT	-0.40%-1.14%	-0.44%-1.77%	-1.55%-5.41%	-5.26%n/a
Max drawdown duration	ARB EVNT	21d29d	16d19d	98d196d	315dn/a

Trading data

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	ARB	EVNT
Last sale 8/31/2026 at 1:30 PM	$29.73	$12.23
Previous close 08/28/2026	$29.75	$12.28
Consolidated volume 08/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 2026

1-year trailing difference

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EVNT

is actively managed and doesn’t replicate an index

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	ARB	EVNT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 8/31/2026 at 1:30 PM

Live

Closed

	ARB	EVNT
Last price	$29.73	$12.23
1D performance	-0.08%	-0.41%
AuM	$102.47 M	$13.09 M
E/R	0.76%	1.33%

Characteristics

	ARB	EVNT
Management strategy	Passive	Active
Provider	AltShares	AltShares
Benchmark	Water Island Merger Arbitrage USD Hedged Index	-
N° of holdings	59	60
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	May 7, 2020	September 20, 2021
ESG	No	No

More ARB data on Trackinsight

More EVNT data on Trackinsight

Exposure

Countries

ARB

USA

69.79%

United Kingdom

12.96%

Other

17.25%

EVNT

USA

87.26%

Other

12.74%

Sectors

ARB

Finance

18.28%

Healthcare

16.04%

Technology

14.18%

Consumer Services

12.12%

Industrials

8.49%

Other

30.9%

EVNT

Healthcare

21.99%

Technology

15.03%

Consumer Services

14.48%

Finance

9.66%

Industrials

9.62%

Other

29.21%

Diversification

ARB

Total weight of top 15 holdings out of 15

40.15%

EVNT

Total weight of top 15 holdings out of 15

48.4%

Top 15 holdings

Data as of July 31, 2026

ARB

Warner Bros. Discovery, Inc.

3.49%

Webster Financial Corp.

2.95%

Penumbra, Inc.

2.94%

Electronic Arts, Inc.

2.92%

Bio-Techne Corp.

2.92%

Norfolk Southern Corp.

2.87%

Caesars Entertainment, Inc.

2.85%

Apogee Therapeutics, Inc.

2.84%

Crinetics Pharmaceuticals, Inc.

2.79%

Globalstar, Inc.

2.38%

Intertek Group Plc

2.28%

Beazley Plc

2.25%

The AES Corp.

2.24%

Silicon Laboratories, Inc.

2.22%

Organon & Co.

2.21%

EVNT

Warner Bros. Discovery, Inc.

5.03%

LiveRamp Holdings, Inc.

4.52%

Norfolk Southern Corp.

4.43%

DigitalBridge Group, Inc.

4.42%

TXNM Energy, Inc.

4.12%

Electronic Arts, Inc.

3.83%

Caesars Entertainment, Inc.

3.60%

Bio-Techne Corp.

2.87%

Penumbra, Inc.

2.53%

Arcosa, Inc.

2.31%

AstroNova, Inc.

2.30%

Element Solutions, Inc.

2.24%

Organon & Co.

2.15%

UTZ Brands, Inc.

2.05%

Forte Biosciences, Inc.

1.99%

Frequently asked questions about ARB and EVNT

How have the ARB and EVNT ETFs performed in 2026?

As of August 28, 2026, ARB is up 2.76% year-to-date (YTD), while EVNT has returned 6.16%. That puts EVNT better performer ahead so far this year.

Which ETF is attracting more investor money: ARB or EVNT?

Year-to-date, the ARB ETF saw -$973K in flows, compared to +$3M for EVNT.

Which ETF is more volatile: ARB or EVNT?

Over the past year, ARB had a volatility of 1.57%, while EVNT experienced 4.39%.

Which ETF is bigger: ARB or EVNT?

As of August 28, 2026, ARB holds $102.47 M in assets under management (AUM), while EVNT manages $13.09 M.

What sectors do the ARB and EVNT ETFs invest in?

ARB leans toward sectors like Finance, Healthcare and Technology. Meanwhile, EVNT focuses on Healthcare, Technology and Consumer Services.

What are the top holdings of the ARB ETF and EVNT ETF?

ARB top holdings include Warner Bros. Discovery, Inc., Webster Financial Corp. and Penumbra, Inc.. EVNT holds in its top three: Warner Bros. Discovery, Inc., LiveRamp Holdings, Inc. and Norfolk Southern Corp..

ARBvsEVNTETF Comparison

AltShares Merger Arbitrage ETF

AltShares Event-Driven ETF

ARB vs EVNT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ARB and EVNT ETFs performed in 2026?

As of August 28, 2026, ARB is up 2.76% year-to-date (YTD), while EVNT has returned 6.16%. That puts EVNT better performer ahead so far this year.

Which ETF is attracting more investor money: ARB or EVNT?

Year-to-date, the ARB ETF saw -$973K in flows, compared to +$3M for EVNT.

Which ETF is more volatile: ARB or EVNT?

Over the past year, ARB had a volatility of 1.57%, while EVNT experienced 4.39%.

Which ETF is bigger: ARB or EVNT?

As of August 28, 2026, ARB holds $102.47 M in assets under management (AUM), while EVNT manages $13.09 M.

What sectors do the ARB and EVNT ETFs invest in?

ARB leans toward sectors like Finance, Healthcare and Technology. Meanwhile, EVNT focuses on Healthcare, Technology and Consumer Services.

What are the top holdings of the ARB ETF and EVNT ETF?

ARB top holdings include Warner Bros. Discovery, Inc., Webster Financial Corp. and Penumbra, Inc.. EVNT holds in its top three: Warner Bros. Discovery, Inc., LiveRamp Holdings, Inc. and Norfolk Southern Corp..

Which ETF is more diversified: ARB or EVNT?

ARB holds 59 securities with 40.15% of its assets in the top 15. EVNT has 60 securities and a top 15 weight of 48.4%.

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