EVNTvsMSSSETF Comparison
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AltShares Event-Driven ETF (EVNT) belongs to the Alternatives segment. Monarch Select Subsector Index ETF (MSSS) is part of the US Multi-Factor segment. EVNT's top 3 sector exposures are Healthcare, Technology and Consumer Services. In contrast, MSSS's top sector exposures are Healthcare, Technology and Consumer Non-Cyclicals. EVNT is less expensive with a Total Expense Ratio (TER) of 1.33%, versus 1.42% for MSSS. EVNT is up 6.07% year-to-date (YTD) with +$3M in YTD flows. MSSS performs better with 18.89% YTD performance, and +$13M in YTD flows. Run a side-by-side ETF comparison of EVNT and MSSS 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 MSSS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EVNT MSSS | -0.33%-0.36% | +3.12%+4.52% | +6.07%+18.89% | +8.89%+18.49% | +32.99%n/a | n/an/a |
| Flows | EVNT MSSS | +$0K+$4M | +$495K+$9M | +$3M+$13M | +$6M+$13M | +$9M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVNT MSSS | +4.50%+12.04% | +4.38%+12.97% | +6.29%n/a | n/an/a |
| Max drawdown | EVNT MSSS | -1.14%-4.14% | -1.77%-10.24% | -5.41%n/a | n/an/a |
| Max drawdown duration | EVNT MSSS | 29d17d | 19d45d | 196dn/a | n/an/a |
Trading data
EVNT | MSSS | |
Last sale 9/2/2026 at 5:28 PM | $12.27 | $35.81 |
| Previous close 09/02/2026 | $12.24 | $35.59 |
| Consolidated volume 09/02/2026 | ||
| 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
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EVNT
is actively managed and doesn’t replicate an indexEVNT | MSSS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 5:28 PM
Live
Closed
EVNT | MSSS | |
|---|---|---|
| Last price | $12.27 | $35.81 |
| 1D performance | +0.20% | +0.62% |
| AuM | $13.08 M | $149.77 M |
| E/R | 1.33% | 1.42% |
Characteristics
EVNT | MSSS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AltShares | Monarch Fund |
| Benchmark | - | Monarch Select Subsector Index |
| N° of holdings | 60 | 641 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 20, 2021 | March 6, 2024 |
| ESG | No | No |
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Exposure
Countries
EVNT
USA
87.26%
Other
12.74%
MSSS
USA
95.49%
Other
4.51%
Sectors
EVNT
Healthcare
21.99%
Technology
15.03%
Consumer Services
14.48%
Finance
9.66%
Industrials
9.62%
Other
29.21%
MSSS
Healthcare
30%
Technology
15.87%
Consumer Non-Cycl.
12.81%
Finance
11.65%
Utilities
10%
Industrials
9.28%
Other
10.37%
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Diversification
EVNT
Total weight of top 15 holdings out of 15
48.4%
MSSS
Total weight of top 15 holdings out of 15
13.6%
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%
MSSS
Abbott Laboratories
1.97%
Intuitive Surgical, Inc.
1.34%
NextEra Energy, Inc.
1.31%
Stryker Corp.
1.29%
Welltower, Inc.
1.15%
Prologis, Inc.
0.94%
The Southern Co.
0.77%
Duke Energy Corp.
0.71%
Equinix, Inc.
0.70%
Constellation Energy Corp.
0.61%
The Kroger Co.
0.59%
Corteva, Inc.
0.57%
American Tower Corp.
0.56%
Monster Beverage Corp.
0.56%
The Coca-Cola Co.
0.55%
Frequently asked questions about EVNT and MSSS
How have the EVNT and MSSS ETFs performed in 2026?
As of September 2, 2026, EVNT is up 6.07% year-to-date (YTD), while MSSS has returned 18.89%. That puts MSSS better performer ahead so far this year.
Which ETF is attracting more investor money: EVNT or MSSS?
Year-to-date, the EVNT ETF saw +$3M in flows, compared to +$13M for MSSS.
Which ETF is more volatile: EVNT or MSSS?
Over the past year, EVNT had a volatility of 4.38%, while MSSS experienced 12.97%.
Which ETF is bigger: EVNT or MSSS?
As of September 2, 2026, EVNT holds $13.08 M in assets under management (AUM), while MSSS manages $149.77 M.
What sectors do the EVNT and MSSS ETFs invest in?
EVNT leans toward sectors like Healthcare, Technology and Consumer Services. Meanwhile, MSSS focuses on Healthcare, Technology and Consumer Non-Cyclicals.
What are the top holdings of the EVNT ETF and MSSS ETF?
EVNT top holdings include Warner Bros. Discovery, Inc., LiveRamp Holdings, Inc. and Norfolk Southern Corp.. MSSS holds in its top three: Abbott Laboratories, Intuitive Surgical, Inc. and NextEra Energy, Inc..
Which ETF is more diversified: EVNT or MSSS?
EVNT holds 60 securities with 48.4% of its assets in the top 15. MSSS has 648 securities and a top 15 weight of 13.6%.
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