ELCV vs. SEIV

Last updated Jun 4, 2026

ELCV (Eventide High Dividend ETF) and SEIV (SEI Enhanced US Large Cap Value Factor ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, ELCV returned 30.91% vs 44.72% for SEIV. A 0.73 correlation means they provide meaningful diversification when combined. ELCV charges 0.49%/yr vs 0.15%/yr for SEIV.

Performance

ELCV vs. SEIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide High Dividend ETF (ELCV) and SEI Enhanced US Large Cap Value Factor ETF (SEIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELCV achieves a 21.38% return, which is significantly higher than SEIV's 18.28% return.

ELCV

• 1D: 0.48%
• 1M: 4.35%
• YTD: 21.38%
• 6M: 20.08%
• 1Y: 30.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEIV

• 1D: -0.85%
• 1M: 10.69%
• YTD: 18.28%
• 6M: 21.23%
• 1Y: 44.72%
• 3Y*: 27.80%
• 5Y*: —
• 10Y*: —

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

ELCV vs. SEIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ELCV Eventide High Dividend ETF	21.38%	9.96%	-1.81%
SEIV SEI Enhanced US Large Cap Value Factor ETF	18.28%	27.43%	2.28%

Correlation

The correlation between ELCV and SEIV is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.73

The correlation between ELCV and SEIV has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

Return for Risk

ELCV vs. SEIV — Risk / Return Rank

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

ELCV

ELCV Risk / Return Rank: 86
ELCV Sharpe Ratio Rank: 83
ELCV Sortino Ratio Rank: 82
ELCV Omega Ratio Rank: 79
ELCV Calmar Ratio Rank: 92
ELCV Martin Ratio Rank: 91

SEIV

SEIV Risk / Return Rank: 93
SEIV Sharpe Ratio Rank: 93
SEIV Sortino Ratio Rank: 94
SEIV Omega Ratio Rank: 93
SEIV Calmar Ratio Rank: 92
SEIV Martin Ratio Rank: 94

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. SEIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide High Dividend ETF (ELCV) and SEI Enhanced US Large Cap Value Factor ETF (SEIV). 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.

	ELCV	SEIV	Difference
Sharpe ratio: Return per unit of total volatility	2.71	3.60	-0.89
Sortino ratio: Return per unit of downside risk	3.70	4.91	-1.21
Omega ratio: Gain probability vs. loss probability	1.48	1.64	-0.17
Calmar ratio: Return relative to maximum drawdown	6.15	6.47	-0.32
Martin ratio: Return relative to average drawdown	21.81	26.41	-4.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELCV vs. SEIV - Sharpe Ratio Comparison

The current ELCV Sharpe Ratio is 2.71, which is comparable to the SEIV Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of ELCV and SEIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELCV	SEIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	3.60	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.23	-0.08

Drawdowns

ELCV vs. SEIV - Drawdown Comparison

The maximum ELCV drawdown since its inception was -18.38%, roughly equal to the maximum SEIV drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for ELCV and SEIV.

Drawdown Indicators

	ELCV	SEIV	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-18.18%	-0.20%
Max Drawdown (1Y) Largest decline over 1 year	-5.05%	-6.95%	+1.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.71%	—
Current Drawdown Current decline from peak	0.00%	-0.85%	+0.85%
Average Drawdown Average peak-to-trough decline	-3.75%	-3.48%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.70%	-0.27%

Volatility

ELCV vs. SEIV - Volatility Comparison

The current volatility for Eventide High Dividend ETF (ELCV) is 3.61%, while SEI Enhanced US Large Cap Value Factor ETF (SEIV) has a volatility of 4.10%. This indicates that ELCV experiences smaller price fluctuations and is considered to be less risky than SEIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELCV	SEIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	4.10%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	9.08%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.47%	12.49%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	16.68%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.38%	16.68%	-1.30%

ELCV vs. SEIV - Expense Ratio Comparison

ELCV has a 0.49% expense ratio, which is higher than SEIV's 0.15% expense ratio.

Dividends

ELCV vs. SEIV - Dividend Comparison

ELCV's dividend yield for the trailing twelve months is around 1.76%, more than SEIV's 1.34% yield.

Position	TTM	2025	2024	2023	2022
ELCV Eventide High Dividend ETF	1.76%	2.34%	0.29%	0.00%	0.00%
SEIV SEI Enhanced US Large Cap Value Factor ETF	1.34%	1.51%	1.66%	2.08%	1.63%

Frequently Asked Questions

Can I hold both ELCV and SEIV in my portfolio?

ELCV and SEIV have a correlation of 0.70, 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 SEIV?

SEIV has higher volatility (4.10%) compared to ELCV (3.61%). In terms of maximum drawdown, ELCV dropped -18.38% vs SEIV's -18.18%.

Which ETF is better, ELCV or SEIV?

On 1-year performance, SEIV leads with 44.72% vs 30.91% for ELCV. On fees, SEIV is cheaper at 0.15% per year. On volatility, ELCV has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELCV or SEIV?

Over the 1-year period, SEIV has performed better with a 44.72% return vs 30.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELCV or SEIV?

SEIV is cheaper with a 0.15% expense ratio, compared with 0.49% for ELCV.

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

ELCV has the higher dividend yield at 1.76%, compared with 1.34% for SEIV.

What is the main difference between ELCV and SEIV?

They also come from different issuers: Eventide and SEI. Their fees differ too: 0.49% for ELCV and 0.15% for SEIV.

Which has better risk-adjusted returns?

SEIV currently has the higher Sharpe Ratio (3.60 vs 2.71), 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.