OPEX vs EVNT
Comparison between Tradr 2X Long OPEN Daily ETF (OPEX, ETF) and ALTSHARES EVENT-DRIVEN ETF (EVNT, ETF).
OPEX vs EVNT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OPEX
$13M
EVNT
$13M
Expense Ratio
OPEX
N/A
EVNT
1.33%
Max Drawdown
OPEX
90.95%
Winner
EVNT
15.79%
Sharpe Ratio
OPEX
-0.75
Winner
EVNT
0.74
5Y Beta
OPEX
6.13
Winner
EVNT
0.29
OPEX vs EVNT - Historical Returns
Returns include dividend reinvestment.
1M
OPEX
-23.08%
Winner
EVNT
+0.69%
3M
OPEX
-54.96%
Winner
EVNT
+2.11%
6M
OPEX
-72.86%
Winner
EVNT
+4.36%
1Y
OPEX
N/A
EVNT
+8.91%
5Y(CAGR)
OPEX
N/A
EVNT
+4.94%
Max(CAGR)
OPEX
-92.62%
Winner
EVNT
+4.94%
OPEX vs EVNT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | OPEX | EVNT |
|---|---|---|
| 2026 | -74.89% | +5.53% |
| 2025 | -46.89% | +13.51% |
| 2024 | N/A | +5.80% |
| 2023 | N/A | +14.61% |
| 2022 | N/A | -8.80% |
| 2021 | N/A | -3.22% |
OPEX vs EVNT Drawdown Comparison
The maximum drawdown for OPEX was -90.95%, occurring on Jul 23, 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 OPEX drawdown is -90.95%. The current EVNT drawdown is -0.58%.
| Rank | OPEX | EVNT |
|---|---|---|
| #1 | -90.95% Nov 12, 2025 - Jul 23, 2026 | -13.85% Nov 1, 2021 - Dec 21, 2023 |
| #2 | -38.06% Oct 27, 2025 - Nov 12, 2025 | -5.15% Dec 21, 2023 - Jul 16, 2024 |
| #3 | N/A | -5.06% Mar 6, 2025 - Apr 28, 2025 |
| #4 | N/A | -3.35% Oct 15, 2025 - Jan 6, 2026 |
| #5 | N/A | -2.56% Jul 31, 2024 - Aug 19, 2024 |
| #6 | N/A | -2.04% Sep 8, 2025 - Oct 15, 2025 |
| #7 | N/A | -1.86% Feb 26, 2026 - Apr 8, 2026 |
| #8 | N/A | -1.81% Dec 6, 2024 - Jan 8, 2025 |
| #9 | N/A | -1.61% Jul 23, 2025 - Aug 13, 2025 |
| #10 | N/A | -1.58% Apr 15, 2026 - Jun 11, 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 OPEX and EVNT 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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