ETIDX vs. SPY

Last updated Jun 3, 2026

ETIDX (Eventide Dividend Opportunities Fund) and SPY (State Street SPDR S&P 500 ETF) are both funds - ETIDX is a Mid Cap Blend Equities fund managed by Eventide Funds, while SPY is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, ETIDX returned 9.19%/yr vs 14.20%/yr for SPY. Their correlation of 0.85 suggests significant overlap in exposure. ETIDX charges 0.95%/yr vs 0.09%/yr for SPY.

Performance

ETIDX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Dividend Opportunities Fund (ETIDX) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETIDX achieves a 16.27% return, which is significantly higher than SPY's 11.69% return.

ETIDX

• 1D: -0.18%
• 1M: 0.36%
• YTD: 16.27%
• 6M: 15.86%
• 1Y: 21.17%
• 3Y*: 18.39%
• 5Y*: 9.19%
• 10Y*: —

SPY

• 1D: 0.14%
• 1M: 5.40%
• YTD: 11.69%
• 6M: 12.09%
• 1Y: 29.62%
• 3Y*: 22.64%
• 5Y*: 14.20%
• 10Y*: 15.57%

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

ETIDX vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETIDX Eventide Dividend Opportunities Fund	16.27%	5.67%	16.56%	19.67%	-21.77%	31.98%	25.38%	27.07%	-10.37%	3.36%
SPY State Street SPDR S&P 500 ETF	11.69%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	5.33%

Correlation

The correlation between ETIDX and SPY is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 6, 2017	0.85

The correlation between ETIDX and SPY shifts across timeframes, from 0.74 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ETIDX vs. SPY — Risk / Return Rank

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

ETIDX

ETIDX Risk / Return Rank: 34
ETIDX Sharpe Ratio Rank: 27
ETIDX Sortino Ratio Rank: 24
ETIDX Omega Ratio Rank: 24
ETIDX Calmar Ratio Rank: 53
ETIDX Martin Ratio Rank: 42

SPY

SPY Risk / Return Rank: 75
SPY Sharpe Ratio Rank: 77
SPY Sortino Ratio Rank: 75
SPY Omega Ratio Rank: 76
SPY Calmar Ratio Rank: 68
SPY Martin Ratio Rank: 80

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.

ETIDX vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Dividend Opportunities Fund (ETIDX) and State Street 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.

	ETIDX	SPY	Difference
Sharpe ratio Return per unit of total volatility	1.51	2.52	-1.01
Sortino ratio Return per unit of downside risk	2.11	3.42	-1.31
Omega ratio Gain probability vs. loss probability	1.26	1.46	-0.20
Calmar ratio Return relative to maximum drawdown	2.80	3.42	-0.61
Martin ratio Return relative to average drawdown	9.10	15.93	-6.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETIDX vs. SPY - Sharpe Ratio Comparison

The current ETIDX Sharpe Ratio is 1.51, which is lower than the SPY Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of ETIDX and SPY, 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

	ETIDX	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.52	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.84	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.59	+0.06

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.

Drawdown Indicators

	ETIDX	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-34.12%	-55.19%	+21.07%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	-8.88%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-20.51%	-18.76%	-1.75%
Max Drawdown (5Y) Largest decline over 5 years	-29.11%	-24.50%	-4.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-1.43%	0.00%	-1.43%
Average Drawdown Average peak-to-trough decline	-7.10%	-9.05%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	1.91%	+0.43%

Volatility

ETIDX vs. SPY - Volatility Comparison

Eventide Dividend Opportunities Fund (ETIDX) has a higher volatility of 4.26% compared to State Street SPDR S&P 500 ETF (SPY) at 2.75%. This indicates that ETIDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETIDX	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	2.75%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	8.89%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	11.81%	+2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.66%	17.05%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	17.94%	+0.31%

ETIDX vs. SPY - Expense Ratio Comparison

ETIDX has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

ETIDX vs. SPY - Dividend Comparison

ETIDX's dividend yield for the trailing twelve months is around 3.07%, more than SPY's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETIDX Eventide Dividend Opportunities Fund	3.07%	3.58%	0.64%	0.67%	1.98%	2.78%	1.05%	1.99%	2.16%	1.41%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	0.97%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both ETIDX and SPY in my portfolio?

ETIDX and SPY 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 is riskier, ETIDX or SPY?

ETIDX has higher volatility (4.26%) compared to SPY (2.75%). In terms of maximum drawdown, ETIDX dropped -34.12% vs SPY's -55.19%.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.52 vs 1.51), 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.