# Event Driven ETFs: 5 Ranked by Net Assets, Nov 2026

> 5 event driven ETFs ranked by net assets, as of Nov 4, 2026. MNA leads at $252m in net assets. ARB is second at $103m in net assets.

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

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.

| # | 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 |

### Method

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. 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.

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### Sources

Links are sources, not endorsements.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, The largest event driven ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-event-driven
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