C000216184 Performance — AltShares Merger Arbitrage ETF
Data updated: 2026-08-12
C000216184 returned +1.90% year to date and +4.78% over one year to May 2026. Annualised returns are +6.43% over 3 years and +3.87% over 5 years. The fund trailed its US Small Blend category average: $100 invested three years ago grew to $121, against $160 for the category, and to $105 over one year, against $132. Volatility over the past three years was 2.23% a year. In the 12 months to May 2026 the fund took in a net $12.4M, and assets reached $103.08M.
C000216184 Growth of $100
What $100 invested in AltShares Merger Arbitrage ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | C000216184 | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $132 |
| 3 years (Jun 2023 – May 2026) | $121 | $160 |
| 5 years (Jun 2021 – May 2026) | $121 | $135 |
| Since data start (May 2020 – May 2026) | $128 | $233 |
C000216184 Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.90% |
| 1 year | +4.78% |
| 3 years (annualised) | +6.43% |
| 5 years (annualised) | +3.87% |
C000216184 Annual Returns
Calendar-year total returns of AltShares Merger Arbitrage ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.90% |
| 2025 | +5.58% |
| 2024 | +4.03% |
| 2023 | +4.03% |
| 2022 | +2.59% |
| 2021 | +3.21% |
| 2020 (May–Dec) | +4.19% |
C000216184 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +0.5% | +0.5% | +0.5% | +0.1% | — | — | — | — | — | — | — |
| 2025 | +1.2% | +1.0% | 0.0% | −0.1% | +0.5% | +0.6% | +1.1% | +0.5% | +0.2% | +0.1% | +0.1% | +0.2% |
| 2024 | −0.4% | +0.8% | +0.8% | −1.4% | +0.8% | +0.1% | +1.5% | +1.1% | +0.2% | +0.6% | −0.4% | +0.2% |
| 2023 | −0.6% | 0.0% | −0.6% | +0.6% | −2.8% | +2.2% | +0.9% | +1.6% | +0.7% | +0.1% | +0.7% | +1.2% |
| 2022 | +0.1% | +0.7% | +0.7% | −0.6% | −0.8% | 0.0% | +1.5% | +1.1% | −0.7% | +2.4% | −1.9% | +0.2% |
| 2021 | −0.5% | −0.5% | +0.5% | +1.6% | +0.9% | −0.2% | −0.6% | +0.5% | +0.2% | +0.9% | 0.0% | +0.6% |
| 2020 | — | — | — | — | −2.1% | −0.2% | +4.2% | +0.2% | −0.2% | +1.1% | +1.1% | +0.2% |
C000216184 Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 2.23%
- 3-year Sharpe ratio: 0.86 (vs 4.5% risk-free rate)
- Best month: +2.17% (Jun 2023)
- Worst month: −1.37% (Apr 2024)
C000216184 Fund Flows
Monthly money in and out of AltShares Merger Arbitrage ETF, from SEC Form N-PORT.
- 12-month net flow: $12.4M
- 12-month gross sales (incl. reinvestments): $61.6M
- Sales ÷ redemptions: 1.25×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.2M | $0 | $3.2M |
| Apr 2026 | $0 | $5.9M | −$5.9M |
| Mar 2026 | $1.2M | $0 | $1.2M |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $18.6M | $16.5M | $2.0M |
| Dec 2025 | $2.6M | $0 | $2.6M |
| Nov 2025 | $7.2M | $0 | $7.2M |
| Oct 2025 | $12.4M | $10.1M | $2.3M |
| Sep 2025 | $1.7M | $0 | $1.7M |
| Aug 2025 | $13.5M | $13.5M | −$14K |
| Jul 2025 | $0 | $3.2M | −$3.2M |
| Jun 2025 | $1.1M | $0 | $1.1M |
C000216184 Assets Under Management
Net assets of AltShares Merger Arbitrage ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $103.08M |
| 2026-02-28 | $103.39M |
| 2025-11-30 | $98.25M |
| 2025-08-31 | $86.56M |
| 2025-05-31 | $86.66M |
| 2025-02-28 | $80.35M |
| 2024-11-30 | $78.20M |
| 2024-08-31 | $69.52M |
| 2024-05-31 | $71.13M |
| 2024-02-29 | $61.05M |
| 2023-11-30 | $67.29M |
| 2023-08-31 | $73.24M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.