ESLV vs. VMAX

Last updated Aug 2, 2026

ESLV (Eventide Large Cap Value ETF) and VMAX (Hartford US Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. ESLV charges 0.39%/yr vs 0.29%/yr for VMAX.

Performance

ESLV vs. VMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Large Cap Value ETF (ESLV) and Hartford US Value ETF (VMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESLV achieves a 13.53% return, which is significantly lower than VMAX's 18.06% return.

ESLV

• 1D: -0.18%
• 1M: -0.42%
• 6M: 8.39%
• YTD: 13.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

VMAX

• 1D: 0.13%
• 1M: 2.13%
• 6M: 13.79%
• YTD: 18.06%
• 1Y: 30.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESLV Eventide Large Cap Value ETF	$99.80K	$95.38K	$90.98K
VMAX Hartford US Value ETF	$14.79K	$8.89K	$5.90K

ESLV vs. VMAX - Yearly Performance Comparison

	2026 (YTD)	2025
ESLV Eventide Large Cap Value ETF	13.53%	1.96%
VMAX Hartford US Value ETF	18.06%	3.10%

Correlation

The correlation between ESLV and VMAX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.74

Return for Risk

ESLV vs. VMAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ESLV

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

VMAX

VMAX Risk / Return Rank: 93
VMAX Sharpe Ratio Rank: 92
VMAX Sortino Ratio Rank: 91
VMAX Omega Ratio Rank: 90
VMAX Calmar Ratio Rank: 96
VMAX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ESLV vs. VMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Large Cap Value ETF (ESLV) and Hartford US Value ETF (VMAX). 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.

	ESLV	VMAX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.38	—
Sortino ratio: Return per unit of downside risk	—	3.26	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	5.82	—
Martin ratio: Return relative to average drawdown	—	21.45	—

Drawdowns

ESLV vs. VMAX - Drawdown Comparison

The maximum ESLV drawdown since its inception was -5.65%, smaller than the maximum VMAX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for ESLV and VMAX.

Drawdown Indicators

	ESLV	VMAX	Difference
Max Drawdown Largest peak-to-trough decline	-5.65%	-19.05%	+13.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.93%	—
Current Drawdown Current decline from peak	-1.30%	-0.34%	-0.96%
Average Drawdown Average peak-to-trough decline	-1.17%	-2.43%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.34%	—

Volatility

Volatility by Period

	ESLV	VMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	12.08%	-2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.74%	15.18%	-5.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.74%	15.18%	-5.44%

ESLV vs. VMAX - Expense Ratio Comparison

ESLV has a 0.39% expense ratio, which is higher than VMAX's 0.29% expense ratio.

Dividends

ESLV vs. VMAX - Dividend Comparison

ESLV's dividend yield for the trailing twelve months is around 0.91%, less than VMAX's 1.83% yield.

Position	TTM	2025	2024
ESLV Eventide Large Cap Value ETF	0.91%	0.32%	0.00%
VMAX Hartford US Value ETF	1.83%	2.14%	1.95%

Frequently Asked Questions

Can I hold both ESLV and VMAX in my portfolio?

ESLV and VMAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESLV or VMAX?

On fees, VMAX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESLV or VMAX?

VMAX is cheaper with a 0.29% expense ratio, compared with 0.39% for ESLV.

Which ETF pays a higher dividend yield, ESLV or VMAX?

VMAX has the higher dividend yield at 1.83%, compared with 0.91% for ESLV.

What is the main difference between ESLV and VMAX?

They also come from different issuers: Eventide and Hartford. Their fees differ too: 0.39% for ESLV and 0.29% for VMAX.