EVNT vs QQQ
AltShares Event Driven ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EVNT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.33% | 0.18% | |
| AUM | $13M | $455.8B | |
| Dividend Yield | 4.53% | 0.41% | |
| Holdings | 82 | 108 | |
| YTD Return | +7.19% | +17.85% | |
| 1Y Return | +12.27% | +26.45% | |
| 3Y Return (annualized) | +10.04% | +26.07% | |
| 5Y Return (annualized) | +5.23% | +15.16% | |
| Volatility (annualized) | 7.2% | 30.6% | |
| Max Drawdown | -13.8% | -83.0% | |
| Fund Family | AltShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 20, 2021 | Mar 10, 1999 |
EVNT vs QQQ Performance
AltShares Event Driven ETF (EVNT) is a ETF from AltShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVNT returned +12.27% while QQQ returned +26.45%. Year to date, EVNT is up 7.19% versus a gain of 17.85% for QQQ.
Over three years, EVNT compounded at +10.04% per year against +26.07% for QQQ; over five years the annualized figures are +5.23% and +15.16% respectively. Across the full 5-year window we track, QQQ has the edge at +13.09% annualized vs +5.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.2% for EVNT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.8% for EVNT and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVNT charges 1.33% per year while QQQ charges 0.18%. On a $10,000 position that is $133 vs $18 annually, a gap of $115 per year that compounds over a long holding period. On income, EVNT currently yields 4.53% against 0.41% for QQQ.
Holdings Overlap
EVNT and QQQ share 5 holdings out of 176 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVNT or QQQ?
EVNT has an expense ratio of 1.33% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $115 per year of difference.
Which performed better, EVNT or QQQ?
Over the past year EVNT returned +12.27% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), EVNT annualized +5.23% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVNT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.2% for EVNT. Worst drawdown: EVNT -13.8% vs QQQ -83.0%.
Should I hold both EVNT and QQQ?
EVNT and QQQ have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVNT and QQQ?
EVNT and QQQ share 5 common holdings with a 1.6% weight overlap. Combined, they hold 176 unique securities.
Which pays a higher dividend, EVNT or QQQ?
EVNT yields 4.53% while QQQ yields 0.41%, so EVNT currently pays the higher dividend yield.
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