EVNT vs VOO
AltShares Event Driven ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EVNT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.33% | 0.03% | |
| AUM | $13M | $979.0B | |
| Dividend Yield | 4.53% | 1.09% | |
| Holdings | 82 | 509 | |
| YTD Return | +7.28% | +13.80% | |
| 1Y Return | +12.53% | +23.71% | |
| 3Y Return (annualized) | +9.94% | +21.50% | |
| 5Y Return (annualized) | +5.26% | +13.44% | |
| Volatility (annualized) | 7.2% | 14.1% | |
| Max Drawdown | -13.8% | -34.3% | |
| Fund Family | AltShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 20, 2021 | Sep 7, 2010 |
EVNT vs VOO Performance
AltShares Event Driven ETF (EVNT) is a ETF from AltShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVNT returned +12.53% while VOO returned +23.71%. Year to date, EVNT is up 7.28% versus a gain of 13.80% for VOO.
Over three years, EVNT compounded at +9.94% per year against +21.50% for VOO; over five years the annualized figures are +5.26% and +13.44% respectively. Across the full 5-year window we track, VOO has the edge at +13.58% annualized vs +5.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVNT charges 1.33% per year while VOO charges 0.03%. On a $10,000 position that is $133 vs $3 annually, a gap of $130 per year that compounds over a long holding period. On income, EVNT currently yields 4.53% against 1.09% for VOO.
Holdings Overlap
EVNT and VOO share 18 holdings out of 565 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVNT or VOO?
EVNT has an expense ratio of 1.33% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $130 per year of difference.
Which performed better, EVNT or VOO?
Over the past year EVNT returned +12.53% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), EVNT annualized +5.26% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, EVNT or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 7.2% for EVNT. Worst drawdown: EVNT -13.8% vs VOO -34.3%.
Should I hold both EVNT and VOO?
EVNT and VOO have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVNT and VOO?
EVNT and VOO share 18 common holdings with a 1.7% weight overlap. Combined, they hold 565 unique securities.
Which pays a higher dividend, EVNT or VOO?
EVNT yields 4.53% while VOO yields 1.09%, so EVNT currently pays the higher dividend yield.
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