EVNT vs. PBE ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to PowerShares Dynamic Biotech & Genome (PBE)
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
$9.87
Average Daily Volume
972
40
PBE
PowerShares Dynamic Biotech & Genome
PBE Description
The PowerShares Dynamic Biotechnology & Genome Portfolio (Fund) is based on the Dynamic Biotech & Genome IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US biotechnology and genome companies. These are companies that are principally engaged in the research, development, manufacture and marketing and distribution of various biotechnological products, services and processes and companies that benefit significantly from scientific and technological advances biotechnology and genetic engineering and reseach. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$63.54
Average Daily Volume
17,485
30
Performance
| Period | EVNT | PBE |
|---|---|---|
| 30 Days | -1.00% | 1.12% |
| 60 Days | -1.74% | -4.68% |
| 90 Days | -0.76% | -1.76% |
| 12 Months | 6.79% | 0.59% |
0 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in PBE | Overlap |
|---|
EVNT Overweight 40 Positions Relative to PBE
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | 4.67% | |
| PXD | B | 4.56% | |
| OLK | D | 4.07% | |
| ANSS | D | 2.97% | |
| CERE | B | 2.67% | |
| AXNX | C | 2.5% | |
| JNPR | D | 2.5% | |
| MDC | A | 2.5% | |
| CSTR | A | 2.26% | |
| SIMO | C | 2.02% | |
| MGRC | D | 2.02% | |
| X | D | 1.94% | |
| VFC | F | 1.86% | |
| CCI | D | 1.78% | |
| TGNA | D | 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 | F | 1.09% | |
| RAMP | D | 1.05% | |
| DOOR | A | 1.01% | |
| CTLT | D | 0.96% | |
| PACB | F | 0.94% | |
| BE | C | 0.89% | |
| PNM | C | 0.85% | |
| INTC | F | 0.82% | |
| VZIO | D | 0.73% | |
| DIS | C | 0.66% | |
| WBD | F | 0.63% | |
| PINS | A | 0.5% | |
| SNOW | D | 0.45% | |
| ZLAB | F | 0.43% | |
| APA | F | 0.21% | |
| WSC | D | -0.77% | |
| SNPS | D | -1.53% |
EVNT Underweight 30 Positions Relative to PBE
| Symbol | Grade | Weight | |
|---|---|---|---|
| TECH | C | -5.41% | |
| NBIX | B | -5.3% | |
| REGN | C | -4.98% | |
| AMGN | B | -4.94% | |
| BIIB | D | -4.9% | |
| VRTX | D | -4.79% | |
| BMRN | F | -4.75% | |
| GILD | F | -4.56% | |
| PTCT | B | -3.55% | |
| TGTX | C | -3.41% | |
| MNKD | D | -3.34% | |
| UTHR | A | -3.31% | |
| BPMC | B | -3.22% | |
| COLL | D | -3.21% | |
| HALO | C | -3.03% | |
| CPRX | D | -2.99% | |
| EXEL | F | -2.94% | |
| CLDX | D | -2.91% | |
| QGEN | C | -2.74% | |
| IONS | D | -2.67% | |
| VCEL | D | -2.65% | |
| DVAX | D | -2.62% | |
| ITCI | B | -2.62% | |
| XENE | D | -2.44% | |
| RGEN | D | -2.28% | |
| MYGN | D | -2.24% | |
| VCYT | F | -2.21% | |
| FOLD | F | -2.09% | |
| EYPT | F | -1.97% | |
| ACAD | F | -1.89% |
EVNT: Top Represented Industries & Keywords
PBE: Top Represented Industries & Keywords
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