# Event driven ETFs against the S&P 500

> 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.

Data as of Nov 4, 2026. Rebuilt every trading night.

Rebuilt every trading night. Data as of Nov 4, 2026 .

## Event driven ETFs, against the S&P 500

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.

### Browse by strategy

| 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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% | not available | +6.7% since Dec 2024 | +0.11 | 13.5 | −3.9 | |

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 · How it is computed

### 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 available | not available | not available | not available | not available | | not published |
| 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 |

### Where to next

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Event driven ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/event-driven/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/alternatives/event-driven/