ELCV vs. ^CASHX

Last updated Jun 14, 2026

ELCV (Eventide High Dividend ETF) is Large Cap Value Equities fund actively managed by Eventide, while ^CASHX (US Money Market Index) is an index. Over the past year, ELCV returned 32.38% vs 3.87% for ^CASHX. At a correlation of -0.07, they often move in opposite directions.

Performance

ELCV vs. ^CASHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide High Dividend ETF (ELCV) and US Money Market Index (^CASHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELCV achieves a 22.21% return, which is significantly higher than ^CASHX's 1.60% return.

ELCV

• 1D: 0.94%
• 1M: 3.52%
• YTD: 22.21%
• 6M: 21.66%
• 1Y: 32.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^CASHX

• 1D: 0.01%
• 1M: 0.26%
• YTD: 1.60%
• 6M: 1.77%
• 1Y: 3.87%
• 3Y*: 4.63%
• 5Y*: 3.53%
• 10Y*: 2.32%

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

ELCV vs. ^CASHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ELCV Eventide High Dividend ETF	22.21%	9.96%	-0.64%
^CASHX US Money Market Index	1.60%	4.21%	1.15%

Correlation

The correlation between ELCV and ^CASHX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	-0.07

Return for Risk

ELCV vs. ^CASHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELCV

ELCV Risk / Return Rank: 90
ELCV Sharpe Ratio Rank: 89
ELCV Sortino Ratio Rank: 88
ELCV Omega Ratio Rank: 86
ELCV Calmar Ratio Rank: 94
ELCV Martin Ratio Rank: 93

^CASHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELCV vs. ^CASHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide High Dividend ETF (ELCV) and US Money Market Index (^CASHX). 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.

	ELCV	^CASHX	Difference
Sharpe ratio: Return per unit of total volatility	2.64	259.86	-257.23
Sortino ratio: Return per unit of downside risk	3.56	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	6.18	—	—
Martin ratio: Return relative to average drawdown	21.66	—	—

ELCV vs. ^CASHX - Sharpe Ratio Comparison

The current ELCV Sharpe Ratio is 2.64, which is lower than the ^CASHX Sharpe Ratio of 259.86. The chart below compares the historical Sharpe Ratios of ELCV and ^CASHX, 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

ELCV vs. ^CASHX - Drawdown Comparison

The maximum ELCV drawdown since its inception was -18.38%, which is greater than ^CASHX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ELCV and ^CASHX.

Drawdown Indicators

	ELCV	^CASHX	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	0.00%	-18.38%
Max Drawdown (1Y) Largest decline over 1 year	-5.05%	0.00%	-5.05%
Max Drawdown (3Y) Largest decline over 3 years	—	0.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	0.00%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.70%	0.00%	-3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	0.00%	+1.45%

Volatility

ELCV vs. ^CASHX - Volatility Comparison

Eventide High Dividend ETF (ELCV) has a higher volatility of 4.47% compared to US Money Market Index (^CASHX) at 0.00%. This indicates that ELCV's price experiences larger fluctuations and is considered to be riskier than ^CASHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELCV	^CASHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	0.00%	+4.47%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	0.00%	+9.21%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	0.01%	+11.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	0.08%	+15.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.48%	0.08%	+15.40%

Frequently Asked Questions

Can I hold both ELCV and ^CASHX in my portfolio?

ELCV and ^CASHX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELCV or ^CASHX?

ELCV has higher volatility (4.47%) compared to ^CASHX (0.00%). In terms of maximum drawdown, ELCV dropped -18.38% vs ^CASHX's 0.00%.

Which has better risk-adjusted returns?

^CASHX currently has the higher Sharpe Ratio (259.86 vs 2.64), 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.