Rebuilt every trading night. Figures as of .
Event driven ETFs, against the S&P 500
5 event driven funds. Trades on company events, most often buying a company that has agreed to be taken over and holding it until the deal closes. Each is measured by how closely it moved with the S&P 500 over the last year and what it did in the weeks the index fell.
| Ticker | Fund | Issuer | Strategy | Correlation | Beta | Down-week capture, % | Against T-bills, pts | Diversifier Score |
|---|---|---|---|---|---|---|---|---|
| MRGR | ProShares Merger ETF | ProShares | Event driven | −0.02 | −0.01 | −15.6 | +4.7 | 84.9 |
| ARB | AltShares Merger Arbitrage ETF | AltShares | Event driven | +0.04 | +0.01 | −4.0 | −0.6 | 76.9 |
| MNA | NYLIM Merger Arbitrage ETF | New York Life Investments | Event driven | +0.15 | +0.03 | −3.1 | −0.9 | 73.8 |
| EVNT | AltShares Event-Driven ETF | AltShares | Event driven | +0.38 | +0.15 | −5.7 | +4.9 | 65.8 |
| RSBA | Return Stacked Bonds & Merger Arbitrage ETF | Return Stacked | Event driven | +0.34 | +0.11 | 13.6 | −6.2 | 62.3 |
Diversifier Score is the last column: where each fund sits among the 63 it can honestly be compared with, on the one question this category exists to answer. Ranked by it · How it is computed
Where to next
Cite this page. ETFIQ, Event driven ETFs against the S&P 500, data as of Sep 18, 2026. https://etfiq.com/alternatives/event-driven/ Free to use with attribution; the underlying files are at Open data.