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.
Key characteristics
| ETIDX | SPY | |
|---|---|---|
| YTD Return | 25.17% | 26.83% |
| 1Y Return | 33.86% | 34.88% |
| 3Y Return (Ann) | 4.61% | 10.16% |
| 5Y Return (Ann) | 14.34% | 15.71% |
| Sharpe Ratio | 2.68 | 3.08 |
| Sortino Ratio | 3.68 | 4.10 |
| Omega Ratio | 1.44 | 1.58 |
| Calmar Ratio | 2.34 | 4.46 |
| Martin Ratio | 17.90 | 20.22 |
| Ulcer Index | 2.09% | 1.85% |
| Daily Std Dev | 14.00% | 12.18% |
| Max Drawdown | -34.12% | -55.19% |
| Current Drawdown | -0.74% | -0.26% |
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
In the year-to-date period, ETIDX achieves a 25.17% return, which is significantly lower than SPY's 26.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 0.50%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETIDX Eventide Dividend Opportunities Fund | 0.50% | 0.67% | 1.34% | 1.14% | 1.06% | 1.99% | 2.17% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
Eventide Dividend Opportunities Fund (ETIDX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.92% and 3.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.