Rebuilt every trading night. Data as of Nov 4, 2026.
Event driven ETFs, against the S&P 500
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See how event driven funds move against the S&P 500. 5 funds. Updated Nov 4, 2026.
IQ · Nov 4, 2026More about this list
Trades on company events, most often buying a company that has agreed to be taken over and holding it until the deal closes.
3 event driven funds with a full year of weekly prices to Nov 4, 2026, highest Stock Diversification Score first. Source: weekly closes from Tiingo, ETFIQ calculation.
Points (pts) are percentage points.
| Ticker | Fund | Stock Diversification Score ↓ | Issuer | Strategy | Correlation | Net assets | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | Beta | Down-week capture, % | Against T-bills, pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MNA | NYLIM Merger Arbitrage ETF | New York Life Investments | Event driven | +0.22 | $252m | Jul 31, 2026 | 0.78% | +0.2% | +0.6% | +3.0% | +2.9% | +18.3% | +56.6% | +0.05 | 0.2 | −0.7 | |
| MRGR | ProShares Merger ETF | ProShares | Event driven | +0.22 | $16m | Nov 4, 2026 | 0.75% | +1.4% | +0.4% | +2.9% | +4.3% | +24.6% | +34.9% | +0.05 | 1.2 | +0.7 | |
| RSBA | Return Stacked Bonds & Merger Arbitrage ETF | Return Stacked | Event driven | +0.31 | $53m | Jul 31, 2026 | 1.01% | +4.1% | −1.1% | −0.9% | −0.7% | – | +6.7% since Dec 2024 | +0.11 | 13.5 | −3.9 |
More about this table
It ranks each fund within its own set: 22 equity hedged alternatives ETFs with a full year (4.5 to 95.5) and 17 systematic trend alternatives ETFs with a full year (2.9 to 94.2).
Less than a year of prices
Correlation, beta and down-week capture need a year of weekly returns, so these funds are listed with what they have returned since they first traded, against the S&P 500 over the same days.
| Ticker | Fund | Issuer | Strategy | Net assets | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | First traded | S&P 500 since |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARB | AltShares Merger Arbitrage ETF | AltShares | Event driven | $103m | May 31, 2026 | 0.82% | +0.6% | – | – | – | – | – | not published | |
| EVNT | AltShares Event-Driven ETF | AltShares | Event driven | $12m | May 31, 2026 | 1.27% | +0.7% | – | – | – | – | – | not published |
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ETFIQ, Event driven ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/event-driven/
ETFIQ. (Nov 4, 2026). Event driven ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/event-driven/
[Event driven ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/event-driven/)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Every number dated. Not investment advice.