ETIDX vs. SPY
Compare and contrast key facts about Eventide Dividend Opportunities Fund (ETIDX) and SPDR S&P 500 ETF (SPY).
ETIDX is managed by Eventide Funds. It was launched on Sep 29, 2017. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETIDX or SPY.
Correlation
The correlation between ETIDX and SPY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ETIDX vs. SPY - Performance Comparison
Key characteristics
ETIDX:
0.10
SPY:
0.28
ETIDX:
0.27
SPY:
0.54
ETIDX:
1.03
SPY:
1.08
ETIDX:
0.09
SPY:
0.29
ETIDX:
0.33
SPY:
1.35
ETIDX:
5.65%
SPY:
4.09%
ETIDX:
18.64%
SPY:
19.64%
ETIDX:
-34.12%
SPY:
-55.19%
ETIDX:
-15.84%
SPY:
-13.98%
Returns By Period
In the year-to-date period, ETIDX achieves a -7.24% return, which is significantly higher than SPY's -10.04% return.
ETIDX
-7.24%
-6.39%
-11.55%
2.33%
12.59%
N/A
SPY
-10.04%
-7.04%
-9.15%
5.72%
14.60%
11.65%
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ETIDX vs. SPY - Expense Ratio Comparison
ETIDX has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ETIDX vs. SPY — Risk-Adjusted Performance Rank
ETIDX
SPY
ETIDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Dividend Opportunities Fund (ETIDX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
ETIDX vs. SPY - Dividend Comparison
ETIDX's dividend yield for the trailing twelve months is around 0.72%, less than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETIDX Eventide Dividend Opportunities Fund | 0.72% | 0.64% | 0.67% | 1.34% | 1.14% | 1.06% | 1.99% | 2.17% | 0.30% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ETIDX vs. SPY - Drawdown Comparison
The maximum ETIDX drawdown since its inception was -34.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETIDX and SPY. For additional features, visit the drawdowns tool.
Volatility
ETIDX vs. SPY - Volatility Comparison
The current volatility for Eventide Dividend Opportunities Fund (ETIDX) is 11.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.59%. This indicates that ETIDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.