EVNT vs. IPO ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to Renaissance IPO ETF (IPO)
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$10.65
Average Daily Volume
347
44
IPO
Renaissance IPO ETF
IPO Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$45.56
Average Daily Volume
29,456
17
Performance
| Period | EVNT | IPO |
|---|---|---|
| 30 Days | 0.05% | 2.13% |
| 60 Days | 0.76% | 6.15% |
| 90 Days | 1.91% | 8.19% |
| 12 Months | 7.25% | 37.53% |
EVNT Overweight 42 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | 4.35% | |
| CTLT | C | 3.94% | |
| HA | A | 3.73% | |
| JNPR | D | 3.35% | |
| PETQ | A | 3.29% | |
| AMED | F | 3.17% | |
| PRFT | B | 3.16% | |
| AXNX | A | 2.98% | |
| ANSS | B | 2.82% | |
| CHX | C | 2.68% | |
| MGRC | B | 2.56% | |
| SRCL | B | 2.55% | |
| X | B | 1.88% | |
| CCI | C | 1.78% | |
| INST | B | 1.77% | |
| K | A | 1.74% | |
| MRO | B | 1.54% | |
| ENV | B | 1.51% | |
| EDR | A | 1.48% | |
| SILK | A | 1.46% | |
| ESGR | B | 1.4% | |
| VZIO | A | 1.21% | |
| RCM | A | 1.19% | |
| DIS | B | 1.07% | |
| SQSP | A | 0.98% | |
| CHUY | B | 0.96% | |
| CPRI | F | 0.92% | |
| AURA | C | 0.86% | |
| PVH | C | 0.85% | |
| PARA | C | 0.83% | |
| CZR | F | 0.81% | |
| PACB | F | 0.81% | |
| VFC | C | 0.78% | |
| GTHX | A | 0.77% | |
| WBD | B | 0.76% | |
| SNOW | B | 0.74% | |
| EVRI | A | 0.7% | |
| BE | B | 0.51% | |
| ACI | C | 0.42% | |
| CLSD | F | 0.33% | |
| WSC | F | -0.9% | |
| SNPS | B | -1.24% |
EVNT: Top Represented Industries & Keywords
IPO: Top Represented Industries & Keywords
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