{"url":"https://etfiq.com/alternatives/event-driven/","section":"alternatives","title":"Event driven ETFs against the S&P 500 | ETFIQ","description":"5 event driven ETFs measured by how closely each moved with the S&P 500 and what each did in the weeks it fell, over the year to Nov 4, 2026.","as_of":"Nov 4, 2026","structured_data":[{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Event driven","item":"https://etfiq.com/alternatives/event-driven/"}]},{"@type":"WebPage","name":"Event driven ETFs against the S&P 500","description":"5 event driven ETFs measured by how closely each moved with the S&P 500 and what each did in the weeks it fell, over the year to Nov 4, 2026.","url":"https://etfiq.com/alternatives/event-driven/","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3319,"truncated":false,"content":"ETFIQ / Alternatives / Event driven \n \n Rebuilt every trading night. Data as of Nov 4, 2026 .\n Event driven ETFs, against the S&P 500\n Every strategy Hedged equity 26 Managed futures 23 Long-short equity 12 Volatility 9 Multi-strategy 8 Event driven 5 Market neutral 4 See how event driven funds move against the S&P 500. Trades on company events, most often buying a company that has agreed to be taken over and holding it until the deal closes. 5 funds. Updated Nov 4, 2026.\n Browse by strategy\n Hedged equity 26 Managed futures 23 Long-short equity 12 Volatility 9 Multi-strategy 8 Event driven 5 Market neutral 4 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. Ticker Fund 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 Stock Diversification Score \n 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 \u22120.7 \n 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 \n RSBA Return Stacked Bonds & Merger Arbitrage ETF Return Stacked Event driven +0.31 $53m Jul 31, 2026 1.01% +4.1% \u22121.1% \u22120.9% \u22120.7% not available +6.7% since Dec 2024 +0.11 13.5 \u22123.9 \n\n Stock Diversification Score is the last column. 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). Ranked by it \u00b7 How it is computed \n Less than a year of prices\n 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.\n 2 event driven funds younger than a year, as of Nov 4, 2026. 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 \n ARB AltShares Merger Arbitrage ETF AltShares Event driven $103m May 31, 2026 0.82% +0.6% not available not available not available not available not available not published \n EVNT AltShares Event-Driven ETF AltShares Event driven $12m May 31, 2026 1.27% +0.7% not available not available not available not available not available not published \n\n Where to next\n Rankings The vocabulary Method \n Cite this page. ETFIQ, Event driven ETFs against the S&P 500, data as of 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 .\n Other forms Plain ETFIQ, Event driven ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/event-driven/ APA ETFIQ. (Nov 4, 2026). Event driven ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/event-driven/ Markdown [Event driven ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/event-driven/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Event driven ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/event-driven/"}