EVNT vs QQQ
AltShares Event Driven ETF vs Invesco QQQ Trust, Series 1
Which is better, EVNT or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EVNT | QQQ |
|---|---|---|
| Expense Ratio | 1.33% | 0.18%Best |
| AUM | $13M | $486.1B |
| Dividend Yield | 4.51% | 0.44% |
| Holdings | 109 | 107 |
| YTD Return | +6.41% | +17.33%Best |
| 1Y Return | +9.13% | +26.50%Best |
| 3Y Return (annualized) | +9.93% | +24.58%Best |
| 5Y Return (annualized) | +5.01% | +14.15%Best |
| Volatility (annualized) | 7.2%Best | 20.9% |
| Max Drawdown | -13.8%Best | -35.1% |
| $10,000 over 5 years | $12,769 | $19,381Best |
| Fund Family | AltShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Sep 20, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 20, 2021 to Sep 3, 2026 (5 years).
EVNT vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover.
EVNT vs QQQ Performance
AltShares Event Driven ETF (EVNT) is an ETF from AltShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EVNT returned +9.13% while QQQ returned +26.50%. Year to date, EVNT is up 6.41% versus a gain of 17.33% for QQQ.
Over three years, EVNT compounded at +9.93% per year against +24.58% for QQQ; over five years the annualized figures are +5.01% and +14.15% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.9% 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 -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
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 4.51% against 0.44% for QQQ.
Holdings Overlap
At least 6.0% of QQQ's money is in holdings EVNT also owns.
Stated as a floor: for EVNT, our book for it covers 95.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and EVNT share little of their money.
3 positions in common, counted across the 80 positions we hold weights for in EVNT and 102 in QQQ, against full books of 109 and 107.
You are not choosing between two funds in isolation.
Whichever of EVNT and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $115 a year on a $10,000 investment.
Which performed better, EVNT or QQQ?
Over the past year EVNT returned +9.13% vs +26.50% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVNT or QQQ?
QQQ has been the more volatile fund at 20.9% annualized versus 7.2% for EVNT. Worst drawdown: EVNT -13.8% vs QQQ -35.1%.
Should I hold both EVNT and QQQ?
EVNT and QQQ have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EVNT and QQQ?
At least 6.0% of QQQ's money is in holdings EVNT also owns. Our book for EVNT is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 80 positions we hold weights for in EVNT and 102 in QQQ.
Which pays a higher dividend, EVNT or QQQ?
EVNT yields 4.51% while QQQ yields 0.44%, so EVNT currently pays the higher dividend yield.
Is QQQ better than EVNT?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.