MUNB vs EVNT
Comparison between NORTHERN TRUST 2035 TAX-EXEMPT DISTRIBUTING LADDER ETF (MUNB, ETF) and ALTSHARES EVENT-DRIVEN ETF (EVNT, ETF).
MUNB vs EVNT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MUNB
$12M
Winner
EVNT
$12M
Expense Ratio
Winner
MUNB
0.18%
EVNT
1.33%
Max Drawdown
Winner
MUNB
2.61%
EVNT
15.79%
Sharpe Ratio
MUNB
-0.19
Winner
EVNT
0.98
5Y Beta
Winner
MUNB
0.04
EVNT
0.30
MUNB vs EVNT - Holdings Comparison
MUNB and EVNT have 1 common holdings. Overlap is -2.68%
MUNB's top 25 holdings weight is 35.52%. EVNT's top 25 holdings weight is 87.08%.
| Rank | MUNB | EVNT |
|---|---|---|
| #1 | CASH (n/a) - 1.96% | MORGAN STANLEY PRIME BROKER US (n/a) - 10.87% |
| #2 | CENTRAL FLA EXPWY AUTH SR LIENREV 5% (n/a) - 1.89% | n/a (n/a) - 10.28% |
| #3 | NEW MEXICO FIN AUTH REV 5% (n/a) - 1.87% | SSC GOVERNMENT MM GVMXX (n/a) - 10.28% |
| #4 | WISCONSIN ST 5% (n/a) - 1.80% | CYBERARK SOFTWARE LTD (n/a) - 4.47% |
| #5 | GARDNER KANS 3.5% (n/a) - 1.71% | ELECTRONIC ARTS INC (EA) - 4.05% |
| #6 | n/a (n/a) - 1.63% | n/a (n/a) - 3.68% |
| #7 | DISTRICT COLUMBIA 5% (n/a) - 1.59% | CHART INDUSTRIES INC (GTLS) - 3.63% |
| #8 | NEENAH WIS JT SCH DIST 5% (n/a) - 1.57% | NORFOLK SOUTHERN CORP (NSC) - 3.39% |
| #9 | TALLAHASSEE FLA CAP BDS 5% (n/a) - 1.47% | TXNM ENERGY INC (TXNM) - 2.61% |
| #10 | WASHINGTON ST CTFS PARTN 5% (n/a) - 1.46% | n/a (n/a) - 2.56% |
| #11 | DALLAS FORT WORTH TEX INTL ARPT REV 5% (n/a) - 1.45% | HOLOGIC INC (HOLX) - 2.45% |
| #12 | BALTIMORE MD REV 5% (n/a) - 1.43% | ECHOSTAR CORP. 6.75% (n/a) - 2.38% |
| #13 | RACINE CNTY WIS 4% (n/a) - 1.33% | DICK'S SPORTING GOODS INC (DKS) - 2.30% |
| #14 | SUN PRAIRIE WIS 5% (n/a) - 1.31% | n/a (n/a) - 2.25% |
| #15 | NEW MEXICO FIN AUTH ST TRANSN REV 5% (n/a) - 1.30% | MERUS NV (n/a) - 2.14% |
| #16 | CLARK CNTY NEV SCH DIST 5% (n/a) - 1.30% | PROASSURANCE CORP (PRA) - 2.13% |
| #17 | DUTCHESS CNTY N Y 4% (n/a) - 1.29% | AVADEL PHARMACEUTICALS PLC (n/a) - 2.07% |
| #18 | WASHINGTON ST 5% (n/a) - 1.25% | SEALED AIR CORP (SEE) - 2.01% |
| #19 | n/a (n/a) - 1.20% | PROS HOLDINGS INC (n/a) - 2.00% |
| #20 | OHIO ST PARKS & REC CAP FACS 5% (n/a) - 1.19% | TGNAMS TRS USD R E TGNAMS TRS R E (n/a) - 1.99% |
| #21 | DELAWARE ST 5% (n/a) - 1.19% | CIDARA THERAPEUTICS INC (n/a) - 1.96% |
| #22 | NORTH SLOPE BORO ALASKA 5% (n/a) - 1.15% | AVIDITY BIOSCIENCES INC ORDINARY SHARES (n/a) - 1.92% |
| #23 | EL PASO TEX INDPT SCH DIST 5% (n/a) - 1.12% | QORVO INC (QRVO) - 1.91% |
| #24 | n/a (n/a) - 1.06% | CMAMS TRS USD R E CMAMS TRS R E (n/a) - 1.88% |
| #25 | RICHLAND WASH ELEC UTIL REV 5% (n/a) - 1.00% | EXACT SCIENCES CORP (EXAS) - 1.87% |
| Total Holdings | 134 | 113 |
MUNB vs EVNT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MUNB
+0.41%
EVNT
+0.29%
3M
MUNB
-0.45%
Winner
EVNT
+1.57%
6M
MUNB
+0.95%
Winner
EVNT
+3.35%
1Y
MUNB
N/A
EVNT
+11.43%
5Y(CAGR)
MUNB
N/A
EVNT
+4.63%
Max(CAGR)
MUNB
+3.30%
Winner
EVNT
+4.63%
MUNB vs EVNT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | MUNB | EVNT |
|---|---|---|
| 2026 | +0.65% | +3.41% |
| 2025 | +1.91% | +13.51% |
| 2024 | N/A | +5.80% |
| 2023 | N/A | +14.61% |
| 2022 | N/A | -8.80% |
| 2021 | N/A | -3.22% |
MUNB vs EVNT Drawdown Comparison
The maximum drawdown for MUNB was -2.49%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for EVNT was -13.85%, occurring on Jun 16, 2022. Recovery took 538 trading sessions.
The current MUNB drawdown is -1.13%. The current EVNT drawdown is -0.63%.
| Rank | MUNB | EVNT |
|---|---|---|
| #1 | -2.49% Feb 27, 2026 - Mar 27, 2026 | -13.85% Nov 1, 2021 - Dec 21, 2023 |
| #2 | -0.62% Sep 17, 2025 - Dec 18, 2025 | -5.15% Dec 21, 2023 - Jul 16, 2024 |
| #3 | -0.16% Jan 15, 2026 - Jan 23, 2026 | -5.06% Mar 6, 2025 - Apr 28, 2025 |
| #4 | -0.11% Jan 12, 2026 - Jan 15, 2026 | -3.35% Oct 15, 2025 - Jan 6, 2026 |
| #5 | -0.06% Sep 11, 2025 - Sep 15, 2025 | -2.56% Jul 31, 2024 - Aug 19, 2024 |
| #6 | -0.03% Feb 9, 2026 - Feb 12, 2026 | -2.04% Sep 8, 2025 - Oct 15, 2025 |
| #7 | -0.03% Feb 17, 2026 - Feb 20, 2026 | -1.86% Feb 26, 2026 - Apr 8, 2026 |
| #8 | -0.02% Dec 19, 2025 - Dec 24, 2025 | -1.81% Dec 6, 2024 - Jan 8, 2025 |
| #9 | -0.02% Aug 20, 2025 - Aug 22, 2025 | -1.61% Jul 23, 2025 - Aug 13, 2025 |
| #10 | -0.00% Jan 27, 2026 - Jan 29, 2026 | -1.58% Apr 15, 2026 - May 14, 2026 |
| #11 | N/A | -1.54% Sep 28, 2021 - Nov 1, 2021 |
| #12 | N/A | -1.25% Nov 7, 2024 - Nov 29, 2024 |
| #13 | N/A | -1.07% May 15, 2025 - Jun 9, 2025 |
| #14 | N/A | -1.01% Jun 11, 2025 - Jun 23, 2025 |
| #15 | N/A | -1.01% Aug 30, 2024 - Sep 12, 2024 |
Correlation
Correlation between MUNB and EVNT is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.69
-101
Dividend Comparison (2022 - 2026)
MUNB vs EVNT dividend yield comparison.
| Year | MUNB | EVNT |
|---|---|---|
| 2026 | 0.89% | 0.00% |
| 2025 | 0.90% | 4.78% |
| 2024 | 0.00% | 0.66% |
| 2023 | 0.00% | 0.59% |
| 2022 | 0.00% | 2.61% |
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