ETIDX vs. SOVF

Last updated Aug 4, 2026

ETIDX (Eventide Dividend Opportunities Fund) and SOVF (Sovereign's Capital Flourish Fund) are both Mid Cap Blend Equities funds. Over the past year, ETIDX returned 17.01% vs 9.12% for SOVF. Their 0.69 correlation means they have sometimes moved together and sometimes differently. ETIDX charges 0.95%/yr vs 0.75%/yr for SOVF.

Performance

ETIDX vs. SOVF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Dividend Opportunities Fund (ETIDX) and Sovereign's Capital Flourish Fund (SOVF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETIDX achieves a 15.08% return, which is significantly higher than SOVF's 7.18% return.

ETIDX

• 1D: 0.41%
• 1M: -2.19%
• 6M: 9.24%
• YTD: 15.08%
• 1Y: 17.01%
• 3Y*: 14.79%
• 5Y*: 7.96%
• 10Y*: —
• ALL TIME*: 11.37%

SOVF

• 1D: 1.68%
• 1M: 2.84%
• 6M: 4.68%
• YTD: 7.18%
• 1Y: 9.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.85%

*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)
ETIDX Eventide Dividend Opportunities Fund	$0.00	$0.00	$0.00
SOVF Sovereign's Capital Flourish Fund	$1.06M	$637.93K	$334.04K

ETIDX vs. SOVF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ETIDX Eventide Dividend Opportunities Fund	15.08%	5.67%	16.56%	12.37%
SOVF Sovereign's Capital Flourish Fund	7.18%	-4.38%	8.67%	14.18%

Correlation

The correlation between ETIDX and SOVF is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023	0.69

Over the past year, the correlation between ETIDX and SOVF has dropped to 0.45 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

ETIDX vs. SOVF — Risk / Return Rank

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

ETIDX

ETIDX Risk / Return Rank: 38
ETIDX Sharpe Ratio Rank: 31
ETIDX Sortino Ratio Rank: 29
ETIDX Omega Ratio Rank: 28
ETIDX Calmar Ratio Rank: 61
ETIDX Martin Ratio Rank: 42

SOVF

SOVF Risk / Return Rank: 23
SOVF Sharpe Ratio Rank: 26
SOVF Sortino Ratio Rank: 25
SOVF Omega Ratio Rank: 24
SOVF Calmar Ratio Rank: 22
SOVF Martin Ratio Rank: 20

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.

ETIDX vs. SOVF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Dividend Opportunities Fund (ETIDX) and Sovereign's Capital Flourish Fund (SOVF). 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.

	ETIDX	SOVF	Difference
Sharpe ratio: Return per unit of total volatility	1.09	0.63	+0.46
Sortino ratio: Return per unit of downside risk	1.56	0.98	+0.58
Omega ratio: Gain probability vs. loss probability	1.19	1.11	+0.08
Calmar ratio: Return relative to maximum drawdown	2.22	0.63	+1.58
Martin ratio: Return relative to average drawdown	6.42	1.30	+5.12

ETIDX vs. SOVF - Sharpe Ratio Comparison

The current ETIDX Sharpe Ratio is 1.09, which is higher than the SOVF Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of ETIDX and SOVF, 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

ETIDX vs. SOVF - Drawdown Comparison

The maximum ETIDX drawdown since its inception was -34.12%, which is greater than SOVF's maximum drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for ETIDX and SOVF.

Drawdown Indicators

	ETIDX	SOVF	Difference
Max Drawdown Largest peak-to-trough decline	-34.12%	-21.74%	-12.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	-14.46%	+6.86%
Max Drawdown (3Y) Largest decline over 3 years	-20.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.11%	—	—
Current Drawdown Current decline from peak	-5.40%	-5.70%	+0.30%
Average Drawdown Average peak-to-trough decline	-7.01%	-7.47%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	7.06%	-4.44%

Volatility

ETIDX vs. SOVF - Volatility Comparison

The current volatility for Eventide Dividend Opportunities Fund (ETIDX) is 3.85%, while Sovereign's Capital Flourish Fund (SOVF) has a volatility of 4.80%. This indicates that ETIDX experiences smaller price fluctuations and is considered to be less risky than SOVF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETIDX	SOVF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	4.80%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	10.56%	+1.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	14.65%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.86%	17.16%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	17.16%	+1.09%

ETIDX vs. SOVF - Expense Ratio Comparison

ETIDX has a 0.95% expense ratio, which is higher than SOVF's 0.75% expense ratio.

Dividends

ETIDX vs. SOVF - Dividend Comparison

ETIDX's dividend yield for the trailing twelve months is around 3.08%, more than SOVF's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETIDX Eventide Dividend Opportunities Fund	3.08%	3.58%	0.64%	0.67%	1.98%	2.78%	1.05%	1.99%	2.16%	1.41%
SOVF Sovereign's Capital Flourish Fund	0.72%	0.77%	0.30%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETIDX and SOVF in my portfolio?

ETIDX and SOVF have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETIDX or SOVF?

SOVF has higher volatility (4.80%) compared to ETIDX (3.85%). In terms of maximum drawdown, ETIDX dropped -34.12% vs SOVF's -21.74%.

Which has better risk-adjusted returns?

ETIDX currently has the higher Sharpe Ratio (1.09 vs 0.63), 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.