EVNT vs. LABD ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to Direxion Daily S&P Biotech Bear 3X Shares (LABD)
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
$9.76
Average Daily Volume
2,094
Number of Holdings
*
40
* may have additional holdings in another (foreign) market
LABD
Direxion Daily S&P Biotech Bear 3X Shares
LABD Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The index is provided by Standard & Poor's and includes domestic companies from the biotechnology industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index ("index"). It is non-diversified.Grade (RS Rating)
Last Trade
$10.52
Average Daily Volume
16,335,093
Number of Holdings
*
80
* may have additional holdings in another (foreign) market
Performance
| Period | EVNT | LABD |
|---|---|---|
| 30 Days | -3.12% | 44.51% |
| 60 Days | -1.31% | 49.01% |
| 90 Days | -2.59% | 7.17% |
| 12 Months | 3.90% | -39.21% |
0 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in LABD | Overlap |
|---|
EVNT Overweight 40 Positions Relative to LABD
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | A | 4.67% | |
| PXD | B | 4.56% | |
| OLK | C | 4.07% | |
| ANSS | C | 2.97% | |
| CERE | A | 2.67% | |
| AXNX | D | 2.5% | |
| JNPR | D | 2.5% | |
| MDC | A | 2.5% | |
| CSTR | A | 2.26% | |
| SIMO | C | 2.02% | |
| MGRC | C | 2.02% | |
| X | D | 1.94% | |
| VFC | F | 1.86% | |
| CCI | F | 1.78% | |
| TGNA | F | 1.76% | |
| BA | F | 1.71% | |
| AMED | D | 1.49% | |
| PARA | B | 1.35% | |
| CZR | F | 1.25% | |
| EVBG | B | 1.24% | |
| CPRI | F | 1.2% | |
| SATS | B | 1.16% | |
| RIVN | F | 1.09% | |
| AURA | D | 1.09% | |
| RAMP | D | 1.05% | |
| DOOR | A | 1.01% | |
| CTLT | C | 0.96% | |
| PACB | F | 0.94% | |
| BE | D | 0.89% | |
| PNM | D | 0.85% | |
| INTC | F | 0.82% | |
| VZIO | C | 0.73% | |
| DIS | D | 0.66% | |
| WBD | F | 0.63% | |
| PINS | C | 0.5% | |
| SNOW | D | 0.45% | |
| ZLAB | F | 0.43% | |
| APA | B | 0.21% | |
| WSC | D | -0.77% | |
| SNPS | C | -1.53% |
EVNT Underweight 80 Positions Relative to LABD
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXEL | A | -1.91% | |
| BMRN | D | -1.89% | |
| BLUE | F | -1.87% | |
| VRTX | C | -1.84% | |
| SAGE | F | -1.8% | |
| UTHR | B | -1.78% | |
| REGN | D | -1.77% | |
| AMGN | D | -1.75% | |
| ALNY | F | -1.73% | |
| EXAS | F | -1.73% | |
| ABBV | D | -1.72% | |
| ACAD | F | -1.68% | |
| SRPT | B | -1.66% | |
| BIIB | D | -1.65% | |
| IONS | D | -1.64% | |
| GILD | F | -1.64% | |
| NBIX | C | -1.62% | |
| BPMC | B | -1.61% | |
| INCY | F | -1.51% | |
| RARE | C | -1.49% | |
| MRNA | B | -1.47% | |
| LGND | D | -1.46% | |
| ARWR | F | -1.45% | |
| BHVN | D | -1.42% | |
| PTCT | D | -1.4% | |
| FOLD | F | -1.38% | |
| AGIO | A | -1.37% | |
| APLS | D | -1.24% | |
| ALKS | D | -1.21% | |
| MYGN | F | -1.08% | |
| NTRA | A | -1.08% | |
| IOVA | D | -1.07% | |
| FGEN | F | -1.05% | |
| RGNX | F | -1.05% | |
| DCPH | C | -1.01% | |
| CHRS | F | -0.99% | |
| EBS | F | -0.96% | |
| CDNA | F | -0.93% | |
| HRTX | D | -0.84% | |
| INSM | F | -0.81% | |
| KPTI | F | -0.79% | |
| ESPR | D | -0.79% | |
| ALLK | F | -0.76% | |
| IRWD | F | -0.75% | |
| VCYT | F | -0.72% | |
| HALO | D | -0.71% | |
| FATE | F | -0.67% | |
| EDIT | F | -0.66% | |
| PBYI | D | -0.65% | |
| MDGL | F | -0.59% | |
| TGTX | F | -0.55% | |
| ADVM | F | -0.55% | |
| ALLO | F | -0.54% | |
| CPRX | D | -0.53% | |
| ANAB | C | -0.53% | |
| XNCR | D | -0.49% | |
| SGMO | F | -0.48% | |
| ENTA | F | -0.47% | |
| EGRX | F | -0.42% | |
| GTHX | B | -0.42% | |
| ATRA | F | -0.41% | |
| VKTX | B | -0.38% | |
| ANIK | B | -0.37% | |
| VNDA | B | -0.35% | |
| OPK | B | -0.35% | |
| VCEL | C | -0.34% | |
| TVTX | F | -0.33% | |
| KOD | F | -0.29% | |
| BBIO | F | -0.29% | |
| NTLA | F | -0.29% | |
| PGEN | C | -0.29% | |
| DNLI | F | -0.28% | |
| KRYS | D | -0.28% | |
| GOSS | F | -0.27% | |
| VYGR | F | -0.26% | |
| MGNX | D | -0.25% | |
| ALEC | D | -0.25% | |
| CYTK | D | -0.25% | |
| DVAX | F | -0.24% | |
| YMAB | D | -0.24% |
EVNT: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Oil & Gas E&P
Apparel Manufacturing
Communication Equipment
Diagnostics & Research
Entertainment
Rental & Leasing Services
Semiconductors
Aerospace & Defense
Auto Manufacturers
Banks - Regional - US
Broadcasting - TV
Building Materials
Consumer Electronics
Drug Manufacturers - Specialty & Generic
Information Technology Services
Internet Content & Information
Media - Diversified
Medical Care
LABD: Top Represented Industries & Keywords
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