CEFA vs. ETIDX

Last updated Aug 2, 2026

CEFA (Global X S&P Catholic Values Developed ex-U.S. ETF) and ETIDX (Eventide Dividend Opportunities Fund) are both funds - CEFA is a Foreign Large Cap Equities fund tracking the S&P Developed ex-U.S. Catholic Values Index, while ETIDX is a Mid Cap Blend Equities fund managed by Eventide. Over the past 5 years, CEFA returned 7.72%/yr vs 7.87%/yr for ETIDX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. CEFA charges 0.35%/yr vs 0.95%/yr for ETIDX.

Performance

CEFA vs. ETIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and Eventide Dividend Opportunities Fund (ETIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEFA achieves a 10.56% return, which is significantly lower than ETIDX's 14.61% return.

CEFA

• 1D: -0.72%
• 1M: 1.53%
• 6M: 5.32%
• YTD: 10.56%
• 1Y: 22.90%
• 3Y*: 15.02%
• 5Y*: 7.72%
• 10Y*: —
• ALL TIME*: 10.97%

ETIDX

• 1D: 1.30%
• 1M: -2.59%
• 6M: 9.55%
• YTD: 14.61%
• 1Y: 16.53%
• 3Y*: 14.66%
• 5Y*: 7.87%
• 10Y*: —
• ALL TIME*: 11.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	$214.17K	$182.86K	$268.34K
ETIDX Eventide Dividend Opportunities Fund	$0.00	$0.00	$0.00

CEFA vs. ETIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	10.56%	26.46%	5.03%	17.40%	-16.66%	7.97%	21.61%
ETIDX Eventide Dividend Opportunities Fund	14.61%	5.67%	16.56%	19.67%	-21.77%	31.98%	27.01%

Correlation

The correlation between CEFA and ETIDX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020	0.61

The correlation between CEFA and ETIDX has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

Return for Risk

CEFA vs. ETIDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CEFA

CEFA Risk / Return Rank: 58
CEFA Sharpe Ratio Rank: 59
CEFA Sortino Ratio Rank: 60
CEFA Omega Ratio Rank: 58
CEFA Calmar Ratio Rank: 55
CEFA Martin Ratio Rank: 60

ETIDX

ETIDX Risk / Return Rank: 40
ETIDX Sharpe Ratio Rank: 33
ETIDX Sortino Ratio Rank: 31
ETIDX Omega Ratio Rank: 30
ETIDX Calmar Ratio Rank: 64
ETIDX Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CEFA vs. ETIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and Eventide Dividend Opportunities Fund (ETIDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CEFA	ETIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.03	+0.37
Sortino ratio: Return per unit of downside risk	2.03	1.48	+0.55
Omega ratio: Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio: Return relative to maximum drawdown	1.97	2.09	-0.12
Martin ratio: Return relative to average drawdown	7.23	6.10	+1.13

CEFA vs. ETIDX - Sharpe Ratio Comparison

The current CEFA Sharpe Ratio is 1.40, which is higher than the ETIDX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of CEFA and ETIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CEFA vs. ETIDX - Drawdown Comparison

The maximum CEFA drawdown since its inception was -31.97%, smaller than the maximum ETIDX drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for CEFA and ETIDX.

Drawdown Indicators

	CEFA	ETIDX	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-34.12%	+2.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-7.60%	-3.94%
Max Drawdown (3Y) Largest decline over 3 years	-15.45%	-20.51%	+5.06%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-29.11%	-2.86%
Current Drawdown Current decline from peak	-0.72%	-5.79%	+5.07%
Average Drawdown Average peak-to-trough decline	-6.90%	-7.01%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.60%	+0.53%

Volatility

CEFA vs. ETIDX - Volatility Comparison

Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a higher volatility of 4.70% compared to Eventide Dividend Opportunities Fund (ETIDX) at 4.29%. This indicates that CEFA's price experiences larger fluctuations and is considered to be riskier than ETIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEFA	ETIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	4.29%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	12.50%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	15.49%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	17.86%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	18.25%	-1.02%

CEFA vs. ETIDX - Expense Ratio Comparison

CEFA has a 0.35% expense ratio, which is lower than ETIDX's 0.95% expense ratio.

Dividends

CEFA vs. ETIDX - Dividend Comparison

CEFA's dividend yield for the trailing twelve months is around 2.68%, less than ETIDX's 3.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	2.68%	2.86%	3.26%	2.35%	2.35%	3.49%	0.84%	0.00%	0.00%	0.00%
ETIDX Eventide Dividend Opportunities Fund	3.09%	3.58%	0.64%	0.67%	1.98%	2.78%	1.05%	1.99%	2.16%	1.41%

Frequently Asked Questions

Can I hold both CEFA and ETIDX in my portfolio?

CEFA and ETIDX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEFA or ETIDX?

CEFA has higher volatility (4.70%) compared to ETIDX (4.29%). In terms of maximum drawdown, CEFA dropped -31.97% vs ETIDX's -34.12%.

Which has better risk-adjusted returns?

CEFA currently has the higher Sharpe Ratio (1.40 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.