ELCV vs. FNARX
ELCV (Eventide High Dividend ETF) and FNARX (Fidelity Natural Resources Fund) are both funds - ELCV is a Large Cap Value Equities fund actively managed by Eventide, while FNARX is a Energy Equities fund managed by Fidelity. Over the past year, ELCV returned 32.38% vs 36.53% for FNARX. At a 0.50 correlation, their price movements are largely independent. ELCV charges 0.49%/yr vs 0.82%/yr for FNARX.
Performance
ELCV vs. FNARX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ELCV having a 22.21% return and FNARX slightly lower at 21.32%.
ELCV
- 1D
- 0.94%
- 1M
- 3.52%
- YTD
- 22.21%
- 6M
- 21.66%
- 1Y
- 32.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNARX
- 1D
- 0.68%
- 1M
- -5.08%
- YTD
- 21.32%
- 6M
- 21.17%
- 1Y
- 36.53%
- 3Y*
- 20.60%
- 5Y*
- 19.60%
- 10Y*
- 10.71%
ELCV vs. FNARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ELCV Eventide High Dividend ETF | 22.21% | 9.96% | -0.64% |
FNARX Fidelity Natural Resources Fund | 21.32% | 28.67% | -7.00% |
Correlation
The correlation between ELCV and FNARX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024 | 0.50 |
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Return for Risk
ELCV vs. FNARX — Risk / Return Rank
ELCV
FNARX
ELCV vs. FNARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide High Dividend ETF (ELCV) and Fidelity Natural Resources Fund (FNARX). 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 | FNARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.18 | 5.29 | +0.89 |
| Martin ratioReturn relative to average drawdown | 21.66 | 16.81 | +4.85 |
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Drawdowns
ELCV vs. FNARX - Drawdown Comparison
The maximum ELCV drawdown since its inception was -18.38%, smaller than the maximum FNARX drawdown of -71.04%. Use the drawdown chart below to compare losses from any high point for ELCV and FNARX.
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Drawdown Indicators
| ELCV | FNARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -71.04% | +52.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -7.57% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.10% | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.94% | +6.94% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -20.03% | +16.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 2.38% | -0.93% |
Volatility
ELCV vs. FNARX - Volatility Comparison
The current volatility for Eventide High Dividend ETF (ELCV) is 4.47%, while Fidelity Natural Resources Fund (FNARX) has a volatility of 5.63%. This indicates that ELCV experiences smaller price fluctuations and is considered to be less risky than FNARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELCV | FNARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 5.63% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 14.66% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 17.78% | -5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 25.07% | -9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 26.93% | -11.45% |
ELCV vs. FNARX - Expense Ratio Comparison
ELCV has a 0.49% expense ratio, which is lower than FNARX's 0.82% expense ratio.
Dividends
ELCV vs. FNARX - Dividend Comparison
ELCV's dividend yield for the trailing twelve months is around 1.75%, less than FNARX's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELCV Eventide High Dividend ETF | 1.75% | 2.34% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNARX Fidelity Natural Resources Fund | 1.81% | 1.89% | 1.51% | 1.60% | 2.42% | 1.46% | 1.79% | 1.42% | 1.17% | 1.38% | 0.62% | 0.78% |
Frequently Asked Questions
ELCV and FNARX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNARX has higher volatility (5.63%) compared to ELCV (4.47%). In terms of maximum drawdown, ELCV dropped -18.38% vs FNARX's -71.04%.
ELCV currently has the higher Sharpe Ratio (2.64 vs 2.26), 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.
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