EVNT vs. SECT ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to Main Sector Rotation ETF (SECT)
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
$9.77
Average Daily Volume
1,089
40
SECT
Main Sector Rotation ETF
SECT Description
The investment seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline. The fund utilizes a fund of funds structure to invest in sector based equity ETFs. It seeks to achieve its objective through dynamic sector rotation. The Adviser focuses its research primarily on sector selection by carefully reviewing the sector, industry, and sub-industries in the fund's portfolio. The Adviser chooses sectors it believes are undervalued and poised to respond favorably to financial market catalysts. The fund sell a security when it achieves its target price and is, in the opinion of the Adviser, no longer undervalued.Grade (RS Rating)
Last Trade
$48.17
Average Daily Volume
87,946
7
Performance
| Period | EVNT | SECT |
|---|---|---|
| 30 Days | -3.37% | -4.23% |
| 60 Days | -2.21% | -2.86% |
| 90 Days | -1.91% | 2.23% |
| 12 Months | 4.55% | 20.41% |
0 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in SECT | Overlap |
|---|
EVNT Overweight 40 Positions Relative to SECT
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | A | 4.67% | |
| PXD | A | 4.56% | |
| OLK | C | 4.07% | |
| ANSS | D | 2.97% | |
| CERE | A | 2.67% | |
| AXNX | B | 2.5% | |
| JNPR | C | 2.5% | |
| MDC | A | 2.5% | |
| CSTR | A | 2.26% | |
| SIMO | D | 2.02% | |
| MGRC | D | 2.02% | |
| X | F | 1.94% | |
| VFC | F | 1.86% | |
| CCI | D | 1.78% | |
| TGNA | D | 1.76% | |
| BA | D | 1.71% | |
| AMED | D | 1.49% | |
| PARA | B | 1.35% | |
| CZR | F | 1.25% | |
| EVBG | A | 1.24% | |
| CPRI | F | 1.2% | |
| SATS | A | 1.16% | |
| RIVN | F | 1.09% | |
| AURA | D | 1.09% | |
| RAMP | F | 1.05% | |
| DOOR | A | 1.01% | |
| CTLT | C | 0.96% | |
| PACB | F | 0.94% | |
| BE | B | 0.89% | |
| PNM | C | 0.85% | |
| INTC | F | 0.82% | |
| VZIO | C | 0.73% | |
| DIS | D | 0.66% | |
| WBD | F | 0.63% | |
| PINS | B | 0.5% | |
| SNOW | D | 0.45% | |
| ZLAB | F | 0.43% | |
| APA | F | 0.21% | |
| WSC | F | -0.77% | |
| SNPS | D | -1.53% |
EVNT: Top Represented Industries & Keywords
SECT: Top Represented Industries & Keywords
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