ETIEX vs. ETILX

Last updated Jun 24, 2026

ETIEX (Eventide Exponential Technologies Fund) and ETILX (Eventide Gilead Class I) are both mutual funds - ETIEX is a Technology Equities fund managed by Eventide Funds, while ETILX is a Mid Cap Growth Equities fund managed by Eventide Funds. Over the past 5 years, ETIEX returned -0.02%/yr vs 3.76%/yr for ETILX. Their correlation of 0.93 suggests significant overlap in exposure. ETIEX charges 1.43%/yr vs 1.11%/yr for ETILX.

Performance

ETIEX vs. ETILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Exponential Technologies Fund (ETIEX) and Eventide Gilead Class I (ETILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETIEX achieves a 26.27% return, which is significantly higher than ETILX's 18.02% return.

ETIEX

• 1D: 1.15%
• 1M: 10.67%
• YTD: 26.27%
• 6M: 23.23%
• 1Y: 40.70%
• 3Y*: 16.58%
• 5Y*: -0.02%
• 10Y*: —

ETILX

• 1D: 0.72%
• 1M: 6.19%
• YTD: 18.02%
• 6M: 16.14%
• 1Y: 37.22%
• 3Y*: 16.39%
• 5Y*: 3.76%
• 10Y*: 15.03%

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

ETIEX vs. ETILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ETIEX Eventide Exponential Technologies Fund	26.27%	8.94%	2.52%	31.96%	-44.98%	15.57%	58.17%
ETILX Eventide Gilead Class I	18.02%	23.77%	-0.03%	22.76%	-34.03%	11.44%	37.04%

Correlation

The correlation between ETIEX and ETILX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020	0.93

The correlation between ETIEX and ETILX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

Return for Risk

ETIEX vs. ETILX — Risk / Return Rank

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

ETIEX

ETIEX Risk / Return Rank: 32
ETIEX Sharpe Ratio Rank: 35
ETIEX Sortino Ratio Rank: 29
ETIEX Omega Ratio Rank: 31
ETIEX Calmar Ratio Rank: 35
ETIEX Martin Ratio Rank: 31

ETILX

ETILX Risk / Return Rank: 55
ETILX Sharpe Ratio Rank: 58
ETILX Sortino Ratio Rank: 53
ETILX Omega Ratio Rank: 52
ETILX Calmar Ratio Rank: 54
ETILX Martin Ratio Rank: 56

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.

ETIEX vs. ETILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Exponential Technologies Fund (ETIEX) and Eventide Gilead Class I (ETILX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ETIEX	ETILX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.07	-0.48
Sortino ratio: Return per unit of downside risk	2.09	2.81	-0.72
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	2.12	2.69	-0.57
Martin ratio: Return relative to average drawdown	6.73	10.67	-3.94

ETIEX vs. ETILX - Sharpe Ratio Comparison

The current ETIEX Sharpe Ratio is 1.59, which is comparable to the ETILX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of ETIEX and ETILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETIEX vs. ETILX - Drawdown Comparison

The maximum ETIEX drawdown since its inception was -53.83%, which is greater than ETILX's maximum drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for ETIEX and ETILX.

Drawdown Indicators

	ETIEX	ETILX	Difference
Max Drawdown Largest peak-to-trough decline	-53.83%	-41.30%	-12.53%
Max Drawdown (1Y) Largest decline over 1 year	-19.88%	-14.40%	-5.48%
Max Drawdown (3Y) Largest decline over 3 years	-30.86%	-25.71%	-5.15%
Max Drawdown (5Y) Largest decline over 5 years	-53.83%	-41.30%	-12.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.30%	—
Current Drawdown Current decline from peak	-10.29%	0.00%	-10.29%
Average Drawdown Average peak-to-trough decline	-29.94%	-11.48%	-18.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	3.63%	+2.62%

Volatility

ETIEX vs. ETILX - Volatility Comparison

Eventide Exponential Technologies Fund (ETIEX) has a higher volatility of 11.44% compared to Eventide Gilead Class I (ETILX) at 6.81%. This indicates that ETIEX's price experiences larger fluctuations and is considered to be riskier than ETILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETIEX	ETILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.44%	6.81%	+4.63%
Volatility (6M) Calculated over the trailing 6-month period	21.37%	15.32%	+6.05%
Volatility (1Y) Calculated over the trailing 1-year period	26.55%	18.75%	+7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.17%	24.36%	+8.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.60%	23.49%	+10.11%

ETIEX vs. ETILX - Expense Ratio Comparison

ETIEX has a 1.43% expense ratio, which is higher than ETILX's 1.11% expense ratio.

Dividends

ETIEX vs. ETILX - Dividend Comparison

ETIEX has not paid dividends to shareholders, while ETILX's dividend yield for the trailing twelve months is around 10.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETIEX Eventide Exponential Technologies Fund	0.00%	0.00%	0.00%	0.00%	0.00%	1.26%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%
ETILX Eventide Gilead Class I	10.23%	12.07%	1.25%	0.00%	5.36%	6.30%	0.79%	3.14%	5.31%	0.00%	0.00%	1.13%

Frequently Asked Questions

Can I hold both ETIEX and ETILX in my portfolio?

ETIEX and ETILX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETIEX or ETILX?

ETIEX has higher volatility (11.44%) compared to ETILX (6.81%). In terms of maximum drawdown, ETIEX dropped -53.83% vs ETILX's -41.30%.

Which has better risk-adjusted returns?

ETILX currently has the higher Sharpe Ratio (2.07 vs 1.59), 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.