ELCV vs. ROE

Last updated Jun 24, 2026

ELCV (Eventide High Dividend ETF) and ROE (Astoria US Equal Weight Quality Kings ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, ELCV returned 32.57% vs 35.20% for ROE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

ELCV vs. ROE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide High Dividend ETF (ELCV) and Astoria US Equal Weight Quality Kings ETF (ROE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELCV achieves a 23.11% return, which is significantly higher than ROE's 19.29% return.

ELCV

• 1D: -0.82%
• 1M: 3.30%
• YTD: 23.11%
• 6M: 22.31%
• 1Y: 32.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ROE

• 1D: -2.17%
• 1M: 2.62%
• YTD: 19.29%
• 6M: 17.72%
• 1Y: 35.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ELCV vs. ROE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ELCV Eventide High Dividend ETF	23.11%	9.96%	-0.64%
ROE Astoria US Equal Weight Quality Kings ETF	19.29%	17.20%	-1.02%

Correlation

The correlation between ELCV and ROE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.77

The correlation between ELCV and ROE has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

ELCV vs. ROE — Risk / Return Rank

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

ELCV

ELCV Risk / Return Rank: 89
ELCV Sharpe Ratio Rank: 89
ELCV Sortino Ratio Rank: 88
ELCV Omega Ratio Rank: 85
ELCV Calmar Ratio Rank: 94
ELCV Martin Ratio Rank: 93

ROE

ROE Risk / Return Rank: 81
ROE Sharpe Ratio Rank: 80
ROE Sortino Ratio Rank: 77
ROE Omega Ratio Rank: 77
ROE Calmar Ratio Rank: 82
ROE Martin Ratio Rank: 88

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. ROE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide High Dividend ETF (ELCV) and Astoria US Equal Weight Quality Kings ETF (ROE). 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	ROE	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.39	+0.35
Sortino ratio: Return per unit of downside risk	3.70	3.17	+0.52
Omega ratio: Gain probability vs. loss probability	1.48	1.42	+0.06
Calmar ratio: Return relative to maximum drawdown	6.48	4.09	+2.39
Martin ratio: Return relative to average drawdown	22.65	17.99	+4.66

ELCV vs. ROE - Sharpe Ratio Comparison

The current ELCV Sharpe Ratio is 2.74, which is comparable to the ROE Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of ELCV and ROE, 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. ROE - Drawdown Comparison

The maximum ELCV drawdown since its inception was -18.38%, roughly equal to the maximum ROE drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for ELCV and ROE.

Drawdown Indicators

	ELCV	ROE	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-19.10%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-5.05%	-8.66%	+3.61%
Current Drawdown Current decline from peak	-0.82%	-2.17%	+1.35%
Average Drawdown Average peak-to-trough decline	-3.65%	-2.57%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	1.96%	-0.52%

Volatility

ELCV vs. ROE - Volatility Comparison

The current volatility for Eventide High Dividend ETF (ELCV) is 4.57%, while Astoria US Equal Weight Quality Kings ETF (ROE) has a volatility of 6.40%. This indicates that ELCV experiences smaller price fluctuations and is considered to be less risky than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELCV	ROE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	6.40%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	11.76%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	14.84%	-2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	15.99%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	15.99%	-0.53%

ELCV vs. ROE - Expense Ratio Comparison

Both ELCV and ROE have an expense ratio of 0.49%.

Dividends

ELCV vs. ROE - Dividend Comparison

ELCV's dividend yield for the trailing twelve months is around 1.73%, more than ROE's 0.95% yield.

Position	TTM	2025	2024	2023
ELCV Eventide High Dividend ETF	1.73%	2.34%	0.29%	0.00%
ROE Astoria US Equal Weight Quality Kings ETF	0.95%	0.97%	1.18%	0.68%

Frequently Asked Questions

Can I hold both ELCV and ROE in my portfolio?

ELCV and ROE have a correlation of 0.76, 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 ROE?

ROE has higher volatility (6.40%) compared to ELCV (4.57%). In terms of maximum drawdown, ELCV dropped -18.38% vs ROE's -19.10%.

Which ETF is better, ELCV or ROE?

On 1-year performance, ROE leads with 35.20% vs 32.57% for ELCV. Both ETFs have the same 0.49% expense ratio. On volatility, ELCV has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELCV or ROE?

Over the 1-year period, ROE has performed better with a 35.20% return vs 32.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELCV or ROE?

ELCV and ROE have the same expense ratio: 0.49% per year.

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

ELCV has the higher dividend yield at 1.73%, compared with 0.95% for ROE.

What is the main difference between ELCV and ROE?

They also come from different issuers: Eventide and Astoria.

Which has better risk-adjusted returns?

ELCV currently has the higher Sharpe Ratio (2.74 vs 2.39), 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.