ELCV vs. KEAT

Last updated Jun 23, 2026

ELCV (Eventide High Dividend ETF) and KEAT (Keating Active ETF) are both exchange-traded funds - ELCV is a Large Cap Value Equities fund actively managed by Eventide, while KEAT is a Global Allocation fund actively managed by Keating. Both are actively managed. Over the past year, ELCV returned 34.47% vs 19.26% for KEAT. A 0.52 correlation means they provide meaningful diversification when combined. ELCV charges 0.49%/yr vs 0.85%/yr for KEAT.

Performance

ELCV vs. KEAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide High Dividend ETF (ELCV) and Keating Active ETF (KEAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELCV achieves a 24.13% return, which is significantly higher than KEAT's 5.33% return.

ELCV

• 1D: 1.29%
• 1M: 4.15%
• YTD: 24.13%
• 6M: 23.69%
• 1Y: 34.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KEAT

• 1D: -0.13%
• 1M: -4.84%
• YTD: 5.33%
• 6M: 4.64%
• 1Y: 19.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ELCV vs. KEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ELCV Eventide High Dividend ETF	24.13%	9.96%	-0.64%
KEAT Keating Active ETF	5.33%	22.76%	-4.16%

Correlation

The correlation between ELCV and KEAT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.52

The correlation between ELCV and KEAT has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.

Return for Risk

ELCV vs. KEAT — Risk / Return Rank

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

ELCV

ELCV Risk / Return Rank: 91
ELCV Sharpe Ratio Rank: 90
ELCV Sortino Ratio Rank: 89
ELCV Omega Ratio Rank: 86
ELCV Calmar Ratio Rank: 94
ELCV Martin Ratio Rank: 93

KEAT

KEAT Risk / Return Rank: 50
KEAT Sharpe Ratio Rank: 55
KEAT Sortino Ratio Rank: 52
KEAT Omega Ratio Rank: 53
KEAT Calmar Ratio Rank: 44
KEAT Martin Ratio Rank: 45

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. KEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide High Dividend ETF (ELCV) and Keating Active ETF (KEAT). 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	KEAT	Difference
Sharpe ratio: Return per unit of total volatility	2.90	1.80	+1.10
Sortino ratio: Return per unit of downside risk	3.90	2.44	+1.46
Omega ratio: Gain probability vs. loss probability	1.51	1.32	+0.19
Calmar ratio: Return relative to maximum drawdown	6.86	2.12	+4.74
Martin ratio: Return relative to average drawdown	23.99	7.21	+16.78

ELCV vs. KEAT - Sharpe Ratio Comparison

The current ELCV Sharpe Ratio is 2.90, which is higher than the KEAT Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of ELCV and KEAT, 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. KEAT - Drawdown Comparison

The maximum ELCV drawdown since its inception was -18.38%, which is greater than KEAT's maximum drawdown of -9.13%. Use the drawdown chart below to compare losses from any high point for ELCV and KEAT.

Drawdown Indicators

	ELCV	KEAT	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-9.13%	-9.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.05%	-9.13%	+4.08%
Current Drawdown Current decline from peak	0.00%	-9.13%	+9.13%
Average Drawdown Average peak-to-trough decline	-3.66%	-1.69%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	2.68%	-1.24%

Volatility

ELCV vs. KEAT - Volatility Comparison

Eventide High Dividend ETF (ELCV) has a higher volatility of 4.45% compared to Keating Active ETF (KEAT) at 3.49%. This indicates that ELCV's price experiences larger fluctuations and is considered to be riskier than KEAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELCV	KEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	3.49%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	8.81%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	10.74%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	10.41%	+5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	10.41%	+5.05%

ELCV vs. KEAT - Expense Ratio Comparison

ELCV has a 0.49% expense ratio, which is lower than KEAT's 0.85% expense ratio.

Dividends

ELCV vs. KEAT - Dividend Comparison

ELCV's dividend yield for the trailing twelve months is around 1.72%, less than KEAT's 2.33% yield.

Position	TTM	2025	2024
ELCV Eventide High Dividend ETF	1.72%	2.34%	0.29%
KEAT Keating Active ETF	2.33%	2.48%	1.72%

Frequently Asked Questions

Can I hold both ELCV and KEAT in my portfolio?

ELCV and KEAT have a correlation of 0.49, 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 KEAT?

ELCV has higher volatility (4.45%) compared to KEAT (3.49%). In terms of maximum drawdown, ELCV dropped -18.38% vs KEAT's -9.13%.

Which ETF is better, ELCV or KEAT?

On 1-year performance, ELCV leads with 34.47% vs 19.26% for KEAT. On fees, ELCV is cheaper at 0.49% per year. On volatility, KEAT has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELCV or KEAT?

Over the 1-year period, ELCV has performed better with a 34.47% return vs 19.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELCV or KEAT?

ELCV is cheaper with a 0.49% expense ratio, compared with 0.85% for KEAT.

Which ETF pays a higher dividend yield, ELCV or KEAT?

KEAT has the higher dividend yield at 2.33%, compared with 1.72% for ELCV.

What is the main difference between ELCV and KEAT?

ELCV is categorized as Large Cap Value Equities, while KEAT is Global Allocation. They also come from different issuers: Eventide and Keating. Their fees differ too: 0.49% for ELCV and 0.85% for KEAT.

Which has better risk-adjusted returns?

ELCV currently has the higher Sharpe Ratio (2.90 vs 1.80), 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.