As of Nov 4, 2026. Rebuilt every trading night.
The largest event driven ETFs
See 5 funds ranked by net assets. Updated Nov 4, 2026. Every fund here runs a event driven strategy, so what separates them is how well each does that job.
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All 5, highest first
5 of 5 · click a column to sortPoints (pts) are percentage points.
| # | Ticker | Fund | Net assets ↓ | Correlation | Down-week capture | Against T-bills | Source |
|---|---|---|---|---|---|---|---|
| 1 | MNA | NYLIM Merger Arbitrage ETF | $252m | +0.22 | 0.2% | −0.7 pts | SEC N-PORT, Jul 31, 2026 |
| 2 | ARB | AltShares Merger Arbitrage ETF | $103m | under a year | not measured | not available | SEC N-PORT, May 31, 2026 |
| 3 | RSBA | Return Stacked Bonds & Merger Arbitrage | $53m | +0.31 | 13.5% | −3.9 pts | SEC N-PORT, Jul 31, 2026 |
| 4 | MRGR | ProShares Merger ETF | $16m | +0.22 | 1.2% | +0.7 pts | Issuer page, Nov 4, 2026 |
| 5 | EVNT | AltShares Event-Driven ETF | $12m | under a year | not measured | not available | SEC N-PORT, May 31, 2026 |
The 5 event driven ETFs ETFIQ measures, of which 5 publish net assets. Across the funds listed here correlation with the S&P 500 runs from 0.2 to 0.3.
The rest of the method
Size does not show how much a fund diversifies. The correlation column does. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, The largest event driven ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-event-driven
ETFIQ. (Nov 4, 2026). The largest event driven ETFs, ranked by net assets. Retrieved from https://etfiq.com/rankings/alternatives-largest-event-driven
[The largest event driven ETFs, ranked by net assets (ETFIQ, Nov 4, 2026)](https://etfiq.com/rankings/alternatives-largest-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.