ETIDX vs. XLK
Compare and contrast key facts about Eventide Dividend Opportunities Fund (ETIDX) and Technology Select Sector SPDR Fund (XLK).
ETIDX is managed by Eventide Funds. It was launched on Sep 29, 2017. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETIDX or XLK.
Key characteristics
| ETIDX | XLK | |
|---|---|---|
| YTD Return | 25.17% | 22.90% |
| 1Y Return | 33.86% | 30.23% |
| 3Y Return (Ann) | 4.61% | 13.03% |
| 5Y Return (Ann) | 14.34% | 23.18% |
| Sharpe Ratio | 2.68 | 1.52 |
| Sortino Ratio | 3.68 | 2.03 |
| Omega Ratio | 1.44 | 1.28 |
| Calmar Ratio | 2.34 | 1.93 |
| Martin Ratio | 17.90 | 6.69 |
| Ulcer Index | 2.09% | 4.91% |
| Daily Std Dev | 14.00% | 21.64% |
| Max Drawdown | -34.12% | -82.05% |
| Current Drawdown | -0.74% | -0.88% |
Correlation
The correlation between ETIDX and XLK is 0.74, 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. XLK - Performance Comparison
In the year-to-date period, ETIDX achieves a 25.17% return, which is significantly higher than XLK's 22.90% 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. XLK - Expense Ratio Comparison
ETIDX has a 0.95% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
ETIDX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Dividend Opportunities Fund (ETIDX) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
ETIDX's dividend yield for the trailing twelve months is around 0.50%, less than XLK's 0.66% 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% |
XLK Technology Select Sector SPDR Fund | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
ETIDX vs. XLK - Drawdown Comparison
The maximum ETIDX drawdown since its inception was -34.12%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for ETIDX and XLK. For additional features, visit the drawdowns tool.
Volatility
ETIDX vs. XLK - Volatility Comparison
The current volatility for Eventide Dividend Opportunities Fund (ETIDX) is 3.92%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 5.75%. This indicates that ETIDX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.