EVNT vs VYM
AltShares Event Driven ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | EVNT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.33% | 0.04% | |
| AUM | $13M | $79.0B | |
| Dividend Yield | 4.53% | 2.86% | |
| Holdings | 82 | 568 | |
| YTD Return | +7.28% | +15.80% | |
| 1Y Return | +12.53% | +26.12% | |
| 3Y Return (annualized) | +9.94% | +18.25% | |
| 5Y Return (annualized) | +5.26% | +12.51% | |
| Volatility (annualized) | 7.2% | 14.6% | |
| Max Drawdown | -13.8% | -58.8% | |
| Fund Family | AltShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 20, 2021 | Nov 10, 2006 |
EVNT vs VYM Performance
AltShares Event Driven ETF (EVNT) is a ETF from AltShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EVNT returned +12.53% while VYM returned +26.12%. Year to date, EVNT is up 7.28% versus a gain of 15.80% for VYM.
Over three years, EVNT compounded at +9.94% per year against +18.25% for VYM; over five years the annualized figures are +5.26% and +12.51% respectively. Across the full 5-year window we track, VYM has the edge at +7.07% annualized vs +5.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVNT charges 1.33% per year while VYM charges 0.04%. On a $10,000 position that is $133 vs $4 annually, a gap of $129 per year that compounds over a long holding period. On income, EVNT currently yields 4.53% against 2.86% for VYM.
Holdings Overlap
EVNT and VYM share 11 holdings out of 625 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVNT or VYM?
EVNT has an expense ratio of 1.33% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $129 per year of difference.
Which performed better, EVNT or VYM?
Over the past year EVNT returned +12.53% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), EVNT annualized +5.26% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, EVNT or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 7.2% for EVNT. Worst drawdown: EVNT -13.8% vs VYM -58.8%.
Should I hold both EVNT and VYM?
EVNT and VYM have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVNT and VYM?
EVNT and VYM share 11 common holdings with a 0.8% weight overlap. Combined, they hold 625 unique securities.
Which pays a higher dividend, EVNT or VYM?
EVNT yields 4.53% while VYM yields 2.86%, so EVNT currently pays the higher dividend yield.
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