BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

EVNTvsARBETF Comparison

ETF 1

EVNT

AltShares Event-Driven ETF

This fund is part of

Alternatives

-0.47%

Full EVNT fund page

VS

ETF 2

ARB

AltShares Merger Arbitrage ETF

This fund is part of

Alternatives

-0.47%

Full ARB fund page

AltShares Event-Driven ETF (EVNT) and AltShares Merger Arbitrage ETF (ARB) belong to the same industry segment: Alternatives. EVNT's top 3 sector exposures are Healthcare, Technology and Consumer Services. In contrast, ARB's top sector exposures are Finance, Healthcare and Technology. EVNT is more expensive with a Total Expense Ratio (TER) of 1.33%, versus 0.76% for ARB. EVNT is up 5.98% year-to-date (YTD) with +$3M in YTD flows. ARB performs worse with 2.83% YTD performance, and -$990K in YTD flows. Run a side-by-side ETF comparison of EVNT and ARB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

EVNT vs ARB performance and flow charts

Performance

Cumulative Flows

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

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 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EVNT ARB	-0.41%+0.68%	+2.78%+0.81%	+5.98%+2.83%	+8.81%+3.42%	+32.75%+16.07%	n/a+22.20%
Flows	EVNT ARB	-$3K-$41K	+$484K-$2M	+$3M-$990K	+$6M+$12M	+$9M+$18M	-+$85M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EVNT ARB	+4.54%+1.61%	+4.39%+1.57%	+6.29%+2.01%	n/a+2.82%
Max drawdown	EVNT ARB	-1.14%-0.40%	-1.77%-0.44%	-5.41%-1.55%	n/a-5.26%
Max drawdown duration	EVNT ARB	29d21d	19d16d	196d98d	n/a315d

Trading data

Create an account to view trading data

Join for free

	EVNT	ARB
Last sale 9/2/2026 at 1:30 PM	$12.27	$29.81
Previous close 09/01/2026	$12.24	$29.74
Consolidated volume 09/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

EVNT

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	EVNT	ARB
Last price	$12.27	$29.81
1D performance	+0.20%	+0.24%
AuM	$13.07 M	$102.52 M
E/R	1.33%	0.76%

Characteristics

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

More EVNT data on Trackinsight

More ARB data on Trackinsight

Exposure

Countries

EVNT

USA

87.26%

Other

12.74%

ARB

USA

69.79%

United Kingdom

12.96%

Other

17.25%

Sectors

EVNT

Healthcare

21.99%

Technology

15.03%

Consumer Services

14.48%

Finance

9.66%

Industrials

9.62%

Other

29.21%

ARB

Finance

18.28%

Healthcare

16.04%

Technology

14.18%

Consumer Services

12.12%

Industrials

8.49%

Other

30.9%

Diversification

EVNT

Total weight of top 15 holdings out of 15

48.4%

ARB

Total weight of top 15 holdings out of 15

40.15%

Top 15 holdings

Data as of July 31, 2026

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%

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%

Frequently asked questions about EVNT and ARB

How have the EVNT and ARB ETFs performed in 2026?

As of September 1, 2026, EVNT is up 5.98% year-to-date (YTD), while ARB has returned 2.83%. That puts EVNT better performer ahead so far this year.

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

Year-to-date, the EVNT ETF saw +$3M in flows, compared to -$990K for ARB.

Which ETF is more volatile: EVNT or ARB?

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

Which ETF is bigger: EVNT or ARB?

As of September 1, 2026, EVNT holds $13.07 M in assets under management (AUM), while ARB manages $102.52 M.

What sectors do the EVNT and ARB ETFs invest in?

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

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

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

EVNTvsARBETF Comparison

AltShares Event-Driven ETF

AltShares Merger Arbitrage ETF

EVNT vs ARB 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 EVNT and ARB ETFs performed in 2026?

As of September 1, 2026, EVNT is up 5.98% year-to-date (YTD), while ARB has returned 2.83%. That puts EVNT better performer ahead so far this year.

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

Year-to-date, the EVNT ETF saw +$3M in flows, compared to -$990K for ARB.

Which ETF is more volatile: EVNT or ARB?

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

Which ETF is bigger: EVNT or ARB?

As of September 1, 2026, EVNT holds $13.07 M in assets under management (AUM), while ARB manages $102.52 M.

What sectors do the EVNT and ARB ETFs invest in?

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

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

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

Which ETF is more diversified: EVNT or ARB?

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

Build and Analyze Your ETF Portfolio Like a Pro