EVNT vs. FXZ ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to First Trust Materials AlphaDEX Fund (FXZ)
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
$9.82
Average Daily Volume
725
40
FXZ
First Trust Materials AlphaDEX Fund
FXZ Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Materials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the materials and processing sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.Grade (RS Rating)
Last Trade
$65.53
Average Daily Volume
25,582
37
Performance
| Period | EVNT | FXZ |
|---|---|---|
| 30 Days | 0.10% | -6.21% |
| 60 Days | 1.32% | -3.70% |
| 90 Days | -1.45% | -5.69% |
| 12 Months | 4.15% | 7.88% |
0 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in FXZ | Overlap |
|---|
EVNT Overweight 40 Positions Relative to FXZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | D | 4.67% | |
| PXD | B | 4.56% | |
| OLK | A | 4.07% | |
| ANSS | C | 2.97% | |
| CERE | C | 2.67% | |
| AXNX | B | 2.5% | |
| JNPR | B | 2.5% | |
| MDC | A | 2.5% | |
| CSTR | A | 2.26% | |
| SIMO | C | 2.02% | |
| MGRC | D | 2.02% | |
| X | F | 1.94% | |
| VFC | C | 1.86% | |
| CCI | D | 1.78% | |
| TGNA | D | 1.76% | |
| BA | D | 1.71% | |
| AMED | F | 1.49% | |
| PARA | F | 1.35% | |
| CZR | C | 1.25% | |
| EVBG | C | 1.24% | |
| CPRI | F | 1.2% | |
| SATS | C | 1.16% | |
| RIVN | C | 1.09% | |
| AURA | F | 1.09% | |
| RAMP | D | 1.05% | |
| DOOR | A | 1.01% | |
| CTLT | B | 0.96% | |
| PACB | F | 0.94% | |
| BE | C | 0.89% | |
| PNM | D | 0.85% | |
| INTC | F | 0.82% | |
| VZIO | C | 0.73% | |
| DIS | C | 0.66% | |
| WBD | F | 0.63% | |
| PINS | B | 0.5% | |
| SNOW | F | 0.45% | |
| ZLAB | C | 0.43% | |
| APA | F | 0.21% | |
| WSC | C | -0.77% | |
| SNPS | B | -1.53% |
EVNT Underweight 37 Positions Relative to FXZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| CF | D | -4.61% | |
| FMC | D | -4.54% | |
| STLD | C | -4.39% | |
| MOS | F | -4.36% | |
| CE | D | -4.22% | |
| NUE | D | -4.1% | |
| ALB | F | -3.94% | |
| IP | A | -3.71% | |
| EMN | B | -3.6% | |
| APD | B | -3.54% | |
| VVV | C | -3.46% | |
| TKR | D | -3.44% | |
| LYB | D | -3.4% | |
| ECL | A | -3.29% | |
| ASH | C | -3.13% | |
| WLK | D | -3.09% | |
| RS | D | -3.09% | |
| OLN | D | -3.07% | |
| FAST | C | -2.63% | |
| NEU | D | -2.58% | |
| CLF | F | -2.36% | |
| SCCO | C | -1.87% | |
| FCX | C | -1.85% | |
| AVY | A | -1.85% | |
| RGLD | C | -1.83% | |
| DOW | D | -1.75% | |
| LIN | B | -1.73% | |
| HUN | D | -1.61% | |
| SMG | C | -1.57% | |
| NEM | B | -1.06% | |
| ESI | B | -1.02% | |
| IFF | B | -1.02% | |
| AA | B | -1.01% | |
| RBC | B | -0.93% | |
| MP | F | -0.85% | |
| CC | F | -0.83% | |
| HXL | D | -0.79% |
EVNT: Top Represented Industries & Keywords
FXZ: Top Represented Industries & Keywords
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