EVNT vs OPEX
Comparison between ALTSHARES EVENT-DRIVEN ETF (EVNT, ETF) and Tradr 2X Long OPEN Daily ETF (OPEX, ETF).
EVNT vs OPEX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EVNT
$13M
OPEX
$13M
Expense Ratio
EVNT
1.33%
OPEX
N/A
Max Drawdown
Winner
EVNT
15.79%
OPEX
90.95%
Sharpe Ratio
Winner
EVNT
0.74
OPEX
-0.75
5Y Beta
Winner
EVNT
0.29
OPEX
6.13
EVNT vs OPEX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
EVNT
+0.69%
OPEX
-23.08%
3M
Winner
EVNT
+2.11%
OPEX
-54.96%
6M
Winner
EVNT
+4.36%
OPEX
-72.86%
1Y
EVNT
+8.91%
OPEX
N/A
5Y(CAGR)
EVNT
+4.94%
OPEX
N/A
Max(CAGR)
Winner
EVNT
+4.94%
OPEX
-92.62%
EVNT vs OPEX - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | EVNT | OPEX |
|---|---|---|
| 2026 | +5.53% | -74.89% |
| 2025 | +13.51% | -46.89% |
| 2024 | +5.80% | N/A |
| 2023 | +14.61% | N/A |
| 2022 | -8.80% | N/A |
| 2021 | -3.22% | N/A |
EVNT vs OPEX Drawdown Comparison
The maximum drawdown for EVNT was -13.85%, occurring on Jun 16, 2022. Recovery took 538 trading sessions.
The maximum drawdown for OPEX was -90.95%, occurring on Jul 23, 2026. This drawdown has not yet recovered.
The current EVNT drawdown is -0.58%. The current OPEX drawdown is -90.95%.
| Rank | EVNT | OPEX |
|---|---|---|
| #1 | -13.85% Nov 1, 2021 - Dec 21, 2023 | -90.95% Nov 12, 2025 - Jul 23, 2026 |
| #2 | -5.15% Dec 21, 2023 - Jul 16, 2024 | -38.06% Oct 27, 2025 - Nov 12, 2025 |
| #3 | -5.06% Mar 6, 2025 - Apr 28, 2025 | N/A |
| #4 | -3.35% Oct 15, 2025 - Jan 6, 2026 | N/A |
| #5 | -2.56% Jul 31, 2024 - Aug 19, 2024 | N/A |
| #6 | -2.04% Sep 8, 2025 - Oct 15, 2025 | N/A |
| #7 | -1.86% Feb 26, 2026 - Apr 8, 2026 | N/A |
| #8 | -1.81% Dec 6, 2024 - Jan 8, 2025 | N/A |
| #9 | -1.61% Jul 23, 2025 - Aug 13, 2025 | N/A |
| #10 | -1.58% Apr 15, 2026 - Jun 11, 2026 | N/A |
| #11 | -1.54% Sep 28, 2021 - Nov 1, 2021 | N/A |
| #12 | -1.25% Nov 7, 2024 - Nov 29, 2024 | N/A |
| #13 | -1.07% May 15, 2025 - Jun 9, 2025 | N/A |
| #14 | -1.01% Jun 11, 2025 - Jun 23, 2025 | N/A |
| #15 | -1.01% Aug 30, 2024 - Sep 12, 2024 | N/A |
Correlation
Correlation between EVNT and OPEX is -0.83 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.83
-101
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