ETIDX vs. TBG

Last updated Jun 3, 2026

ETIDX (Eventide Dividend Opportunities Fund) and TBG (TBG Dividend Focus ETF) are both funds - ETIDX is a Mid Cap Blend Equities fund managed by Eventide Funds, while TBG is a Large Cap Value Equities fund actively managed by EA Series Trust. Over the past year, ETIDX returned 21.17% vs 20.42% for TBG. A 0.69 correlation means they provide meaningful diversification when combined. ETIDX charges 0.95%/yr vs 0.59%/yr for TBG.

Performance

ETIDX vs. TBG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Dividend Opportunities Fund (ETIDX) and TBG Dividend Focus ETF (TBG). 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 TBG's 11.50% return.

ETIDX

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

TBG

• 1D: 0.38%
• 1M: 2.32%
• YTD: 11.50%
• 6M: 11.92%
• 1Y: 20.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETIDX vs. TBG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ETIDX Eventide Dividend Opportunities Fund	16.27%	5.67%	16.56%	10.60%
TBG TBG Dividend Focus ETF	11.50%	7.50%	20.58%	9.66%

Correlation

The correlation between ETIDX and TBG is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023	0.69

The correlation between ETIDX and TBG has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

Return for Risk

ETIDX vs. TBG — 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

TBG

TBG Risk / Return Rank: 63
TBG Sharpe Ratio Rank: 64
TBG Sortino Ratio Rank: 68
TBG Omega Ratio Rank: 60
TBG Calmar Ratio Rank: 66
TBG Martin Ratio Rank: 58

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. TBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Dividend Opportunities Fund (ETIDX) and TBG Dividend Focus ETF (TBG). 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	TBG	Difference
Sharpe ratio Return per unit of total volatility	1.51	2.16	-0.65
Sortino ratio Return per unit of downside risk	2.11	3.15	-1.05
Omega ratio Gain probability vs. loss probability	1.26	1.37	-0.11
Calmar ratio Return relative to maximum drawdown	2.80	3.33	-0.53
Martin ratio Return relative to average drawdown	9.10	10.33	-1.23
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. TBG - Sharpe Ratio Comparison

The current ETIDX Sharpe Ratio is 1.51, which is lower than the TBG Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of ETIDX and TBG, 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	TBG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.16	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.62	-0.98

Drawdowns

ETIDX vs. TBG - Drawdown Comparison

The maximum ETIDX drawdown since its inception was -34.12%, which is greater than TBG's maximum drawdown of -14.76%. Use the drawdown chart below to compare losses from any high point for ETIDX and TBG.

Drawdown Indicators

	ETIDX	TBG	Difference
Max Drawdown Largest peak-to-trough decline	-34.12%	-14.76%	-19.36%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	-6.13%	-1.47%
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	-1.43%	-0.70%	-0.73%
Average Drawdown Average peak-to-trough decline	-7.10%	-2.11%	-4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	1.98%	+0.36%

Volatility

ETIDX vs. TBG - Volatility Comparison

Eventide Dividend Opportunities Fund (ETIDX) has a higher volatility of 4.26% compared to TBG Dividend Focus ETF (TBG) at 2.54%. This indicates that ETIDX's price experiences larger fluctuations and is considered to be riskier than TBG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETIDX	TBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	2.54%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	6.60%	+4.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	9.48%	+4.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.66%	12.21%	+5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	12.21%	+6.04%

ETIDX vs. TBG - Expense Ratio Comparison

ETIDX has a 0.95% expense ratio, which is higher than TBG's 0.59% expense ratio.

Dividends

ETIDX vs. TBG - Dividend Comparison

ETIDX's dividend yield for the trailing twelve months is around 3.07%, more than TBG's 2.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TBG TBG Dividend Focus ETF	2.67%	2.80%	2.33%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETIDX and TBG in my portfolio?

ETIDX and TBG have a correlation of 0.62, 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 TBG?

ETIDX has higher volatility (4.26%) compared to TBG (2.54%). In terms of maximum drawdown, ETIDX dropped -34.12% vs TBG's -14.76%.

Which has better risk-adjusted returns?

TBG currently has the higher Sharpe Ratio (2.16 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.