ETIDX vs. TBG
Compare and contrast key facts about Eventide Dividend Opportunities Fund (ETIDX) and TBG Dividend Focus ETF (TBG).
ETIDX is managed by Eventide Funds. It was launched on Sep 29, 2017. TBG is an actively managed fund by EA Series Trust. It was launched on Nov 6, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETIDX or TBG.
Key characteristics
| ETIDX | TBG | |
|---|---|---|
| YTD Return | 25.17% | 23.42% |
| 1Y Return | 33.86% | 33.48% |
| Sharpe Ratio | 2.68 | 3.33 |
| Sortino Ratio | 3.68 | 4.80 |
| Omega Ratio | 1.44 | 1.61 |
| Calmar Ratio | 2.34 | 7.78 |
| Martin Ratio | 17.90 | 23.37 |
| Ulcer Index | 2.09% | 1.52% |
| Daily Std Dev | 14.00% | 10.69% |
| Max Drawdown | -34.12% | -4.58% |
| Current Drawdown | -0.74% | -0.96% |
Correlation
The correlation between ETIDX and TBG is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ETIDX vs. TBG - Performance Comparison
In the year-to-date period, ETIDX achieves a 25.17% return, which is significantly higher than TBG's 23.42% 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. TBG - Expense Ratio Comparison
ETIDX has a 0.95% expense ratio, which is higher than TBG's 0.59% expense ratio.
Risk-Adjusted Performance
ETIDX vs. TBG - Risk-Adjusted Performance 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.
Dividends
ETIDX vs. TBG - Dividend Comparison
ETIDX's dividend yield for the trailing twelve months is around 0.50%, less than TBG's 2.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
ETIDX Eventide Dividend Opportunities Fund | 0.50% | 0.67% | 1.34% | 1.14% | 1.06% | 1.99% | 2.17% | 0.30% |
TBG TBG Dividend Focus ETF | 2.09% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 -4.58%. Use the drawdown chart below to compare losses from any high point for ETIDX and TBG. For additional features, visit the drawdowns tool.
Volatility
ETIDX vs. TBG - Volatility Comparison
Eventide Dividend Opportunities Fund (ETIDX) has a higher volatility of 3.92% compared to TBG Dividend Focus ETF (TBG) at 3.71%. 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.