EVNTvsCVARETF Comparison
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AltShares Event-Driven ETF (EVNT) belongs to the Alternatives segment. Cultivar ETF (CVAR) is part of the US Multi-Factor segment. EVNT's top 3 sector exposures are Healthcare, Technology and Consumer Services. In contrast, CVAR's top sector exposures are Healthcare, Consumer Non-Cyclicals and Technology. EVNT is more expensive with a Total Expense Ratio (TER) of 1.33%, versus 0.87% for CVAR. EVNT is up 5.98% year-to-date (YTD) with +$3M in YTD flows. CVAR performs better with 11.67% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of EVNT and CVAR 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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EVNT vs CVAR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EVNT CVAR | -0.41%+4.25% | +2.78%+9.19% | +5.98%+11.67% | +8.81%+16.62% | +32.75%+38.11% | n/an/a |
| Flows | EVNT CVAR | -$3K+$1M | +$484K+$3M | +$3M+$5M | +$6M+$6M | +$9M+$10M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVNT CVAR | +4.54%+12.68% | +4.39%+11.74% | +6.29%+13.73% | n/an/a |
| Max drawdown | EVNT CVAR | -1.14%-3.18% | -1.77%-8.62% | -5.41%-13.73% | n/an/a |
| Max drawdown duration | EVNT CVAR | 29d30d | 19d155d | 196d217d | n/an/a |
Trading data
EVNT | CVAR | |
Last sale 9/2/2026 at 1:30 PM | $12.27 | $31.80 |
| Previous close 09/01/2026 | $12.24 | $31.62 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
EVNT | CVAR | |
|---|---|---|
| Last price | $12.27 | $31.80 |
| 1D performance | +0.20% | +0.57% |
| AuM | $13.07 M | $46.32 M |
| E/R | 1.33% | 0.87% |
Characteristics
EVNT | CVAR | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AltShares | Cultivar Capital |
| Benchmark | - | - |
| N° of holdings | 60 | 90 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 20, 2021 | December 21, 2021 |
| ESG | No | No |
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Exposure
Countries
EVNT
USA
87.26%
Other
12.74%
CVAR
USA
87.09%
Other
12.91%
Sectors
EVNT
Healthcare
21.99%
Technology
15.03%
Consumer Services
14.48%
Finance
9.66%
Industrials
9.62%
Other
29.21%
CVAR
Healthcare
18.8%
Consumer Non-Cycl.
14.96%
Technology
14.23%
Finance
13.77%
Sovereign
11.5%
Other
26.74%
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Diversification
EVNT
Total weight of top 15 holdings out of 15
48.4%
CVAR
Total weight of top 15 holdings out of 15
36.73%
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%
CVAR
USA, Bills 0% 4aug2026, USD (119D)
5.51%
MarketAxess Holdings, Inc.
4.25%
USA, Bonds 2.875% 15may2052, USD
3.45%
Healthcare Services Group, Inc.
2.61%
USA, Bonds 4.625% 15may2054, USD
2.54%
Kimberly-Clark Corp.
2.29%
Alexandria Real Estate Equities, Inc.
2.12%
Core Laboratories, Inc.
2.02%
Illumina, Inc.
1.86%
Dollar General Corp.
1.83%
Lamb Weston Holdings, Inc.
1.71%
Humana, Inc.
1.71%
Intuit, Inc.
1.67%
Paycom Software, Inc.
1.60%
Veeva Systems, Inc.
1.55%
Frequently asked questions about EVNT and CVAR
How have the EVNT and CVAR ETFs performed in 2026?
As of September 1, 2026, EVNT is up 5.98% year-to-date (YTD), while CVAR has returned 11.67%. That puts CVAR better performer ahead so far this year.
Which ETF is attracting more investor money: EVNT or CVAR?
Year-to-date, the EVNT ETF saw +$3M in flows, compared to +$5M for CVAR.
Which ETF is more volatile: EVNT or CVAR?
Over the past year, EVNT had a volatility of 4.39%, while CVAR experienced 11.74%.
Which ETF is bigger: EVNT or CVAR?
As of September 1, 2026, EVNT holds $13.07 M in assets under management (AUM), while CVAR manages $46.32 M.
What sectors do the EVNT and CVAR ETFs invest in?
EVNT leans toward sectors like Healthcare, Technology and Consumer Services. Meanwhile, CVAR focuses on Healthcare, Consumer Non-Cyclicals and Technology.
What are the top holdings of the EVNT ETF and CVAR ETF?
EVNT top holdings include Warner Bros. Discovery, Inc., LiveRamp Holdings, Inc. and Norfolk Southern Corp.. CVAR holds in its top three: USA, Bills 0% 4aug2026, USD (119D), MarketAxess Holdings, Inc. and USA, Bonds 2.875% 15may2052, USD.
Which ETF is more diversified: EVNT or CVAR?
EVNT holds 60 securities with 48.4% of its assets in the top 15. CVAR has 90 securities and a top 15 weight of 36.73%.
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