The Arbitrage Funds (EVNT) Performance
EVNT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.2% since Dec 31, 2025
- 1 year
- +8.3% total return
- 5 years
- +5.2% a year
- Since first price
- +4.8% a year since 2021
EVNT trailing returns vs SPY, QQQ, AGG
| Period | EVNT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.4% | −0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.7% | +0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.8% | +2.8% | +7.8% | +8.4% | −1.5% |
| YTD | +6.2% | +6.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.3% | +3.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +35.7%+10.7%/yr | +27.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +28.6%+5.2%/yr | +18.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 20, 2021 | +27.1%+4.8%/yr | +16.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EVNT vs SPY
From Sep 20, 2021: EVNT grew to $12,715, SPY to $18,721.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EVNT returns by calendar year
3 of 4 full years positive. Best 2025 (+13.7%), worst 2022 (−8.6%). 2026 is year to date.
EVNT annual returns table
| Year | EVNT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.2% | −1.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.7% | −5.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.1% | −4.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.3% | −5.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −8.6% | −11.1% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EVNT largest drawdowns
Now 1.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 1, 2021 | −13.8% | Jun 16, 2022 | Dec 21, 2023 | 7 months | 2.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EVNT risk statistics
| Statistic | 3 years | 5 years |
|---|---|---|
| Annualized return | +10.4% | +5.1% |
| Volatility (annualized) | 5.9% | 7.2% |
| Sharpe ratio | 0.96 | 0.24 |
| Sortino ratio | 1.70 | 0.35 |
| Best month | +5.1% | +5.1% |
| Worst month | −3.6% | −4.3% |
| Best 12 months | +16.2% | +16.2% |
| Worst 12 months | +5.1% | −9.0% |
| Positive months | 69% | 60% |
| Beta vs S&P 500 | 0.23 | 0.31 |
| Correlation with S&P 500 | 0.49 | 0.67 |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EVNT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 50 | −9.0% | +8.2% | +16.2% | 84% |
| 3-year (a year) | 26 | +1.5% | +8.9% | +11.0% | 100% |
| 5-year (a year) | 2 | +4.9% | +5.0% | +5.1% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
EVNT performance overview
The Arbitrage Funds (EVNT) returned +8.3% over the past year and +5.2% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +4.8% a year, turning $10,000 into about $12,715. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −13.8%, from Nov 1, 2021 to Jun 16, 2022, and it took 1.5 years to get back to the old high. EVNT finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+13.7%) and the worst 2022 (−8.6%). Volatility has been 7.2% a year.
Related: EVNT chart, EVNT dividends. See the EVNT overview for the latest quote and fund facts.
EVNT performance FAQ
What is the EVNT return over the past year?
EVNT returned +8.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.3%.
What is the average annual return of EVNT?
EVNT has returned +5.2% a year over 5 years, +4.8% a year since September 20, 2021 (total return, distributions reinvested).
How much would $10,000 invested in EVNT be worth?
$10,000 invested in EVNT at its first recorded close on September 20, 2021 would be worth about $12,715 on October 23, 2026 with distributions reinvested.
What was the worst year for EVNT?
The worst calendar year was 2022, with a total return of −8.6%. The best was 2025 at +13.7%.
What is the biggest drawdown of EVNT?
The largest peak-to-trough decline was −13.8% between November 1, 2021 and June 16, 2022. It recovered to the old high on December 21, 2023, 1.5 years after the bottom.
How volatile is EVNT?
Over the past 3 years EVNT had an annualized volatility of 5.9% and a Sharpe ratio of 0.96 (excess return over 1–3 month T-bills per unit of risk).