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ETIHX vs. AHSAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ETIHX vs. AHSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Healthcare & Life Sciences Fund (ETIHX) and Alger Health Sciences Fund (AHSAX). The values are adjusted to include any dividend payments, if applicable.

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ETIHX vs. AHSAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ETIHX
Eventide Healthcare & Life Sciences Fund
-3.97%56.73%-10.13%11.01%-19.62%-16.87%37.12%58.74%-0.27%45.83%
AHSAX
Alger Health Sciences Fund
-3.38%10.14%1.17%-4.26%-17.04%3.26%30.99%22.02%5.71%33.06%

Returns By Period

In the year-to-date period, ETIHX achieves a -3.97% return, which is significantly lower than AHSAX's -3.38% return. Over the past 10 years, ETIHX has outperformed AHSAX with an annualized return of 12.92%, while AHSAX has yielded a comparatively lower 8.34% annualized return.


ETIHX

1D
0.46%
1M
-1.65%
YTD
-3.97%
6M
18.88%
1Y
69.29%
3Y*
15.12%
5Y*
1.46%
10Y*
12.92%

AHSAX

1D
0.05%
1M
-5.25%
YTD
-3.38%
6M
8.10%
1Y
18.82%
3Y*
2.93%
5Y*
-1.93%
10Y*
8.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ETIHX vs. AHSAX - Expense Ratio Comparison

ETIHX has a 1.30% expense ratio, which is higher than AHSAX's 1.05% expense ratio.


Return for Risk

ETIHX vs. AHSAX — Risk / Return Rank

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

ETIHX
ETIHX Risk / Return Rank: 9595
Overall Rank
ETIHX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ETIHX Sortino Ratio Rank: 9595
Sortino Ratio Rank
ETIHX Omega Ratio Rank: 8888
Omega Ratio Rank
ETIHX Calmar Ratio Rank: 9898
Calmar Ratio Rank
ETIHX Martin Ratio Rank: 9797
Martin Ratio Rank

AHSAX
AHSAX Risk / Return Rank: 5050
Overall Rank
AHSAX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
AHSAX Sortino Ratio Rank: 4848
Sortino Ratio Rank
AHSAX Omega Ratio Rank: 3636
Omega Ratio Rank
AHSAX Calmar Ratio Rank: 6666
Calmar Ratio Rank
AHSAX Martin Ratio Rank: 4949
Martin Ratio Rank
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.

ETIHX vs. AHSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Healthcare & Life Sciences Fund (ETIHX) and Alger Health Sciences Fund (AHSAX). 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.


ETIHXAHSAXDifference

Sharpe ratio

Return per unit of total volatility

2.47

1.08

+1.39

Sortino ratio

Return per unit of downside risk

3.23

1.57

+1.66

Omega ratio

Gain probability vs. loss probability

1.41

1.19

+0.22

Calmar ratio

Return relative to maximum drawdown

5.42

1.91

+3.51

Martin ratio

Return relative to average drawdown

18.06

6.16

+11.90

ETIHX vs. AHSAX - Sharpe Ratio Comparison

The current ETIHX Sharpe Ratio is 2.47, which is higher than the AHSAX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of ETIHX and AHSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


ETIHXAHSAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.47

1.08

+1.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

-0.08

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.36

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.31

+0.21

Correlation

The correlation between ETIHX and AHSAX is 0.80, 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.


Dividends

ETIHX vs. AHSAX - Dividend Comparison

Neither ETIHX nor AHSAX has paid dividends to shareholders.


TTM20252024202320222021202020192018201720162015
ETIHX
Eventide Healthcare & Life Sciences Fund
0.00%0.00%0.00%0.00%0.00%10.78%3.49%2.08%7.33%1.28%0.00%1.22%
AHSAX
Alger Health Sciences Fund
0.00%0.00%0.00%0.00%0.00%27.18%11.68%6.98%7.82%0.00%0.00%0.00%

Drawdowns

ETIHX vs. AHSAX - Drawdown Comparison

The maximum ETIHX drawdown since its inception was -55.11%, which is greater than AHSAX's maximum drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for ETIHX and AHSAX.


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Drawdown Indicators


ETIHXAHSAXDifference

Max Drawdown

Largest peak-to-trough decline

-55.11%

-46.23%

-8.88%

Max Drawdown (1Y)

Largest decline over 1 year

-12.50%

-9.67%

-2.83%

Max Drawdown (5Y)

Largest decline over 5 years

-49.49%

-45.04%

-4.45%

Max Drawdown (10Y)

Largest decline over 10 years

-55.11%

-45.04%

-10.07%

Current Drawdown

Current decline from peak

-6.36%

-29.73%

+23.37%

Average Drawdown

Average peak-to-trough decline

-18.16%

-14.62%

-3.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.75%

2.99%

+0.76%

Volatility

ETIHX vs. AHSAX - Volatility Comparison

Eventide Healthcare & Life Sciences Fund (ETIHX) has a higher volatility of 9.67% compared to Alger Health Sciences Fund (AHSAX) at 5.27%. This indicates that ETIHX's price experiences larger fluctuations and is considered to be riskier than AHSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ETIHXAHSAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.67%

5.27%

+4.40%

Volatility (6M)

Calculated over the trailing 6-month period

17.33%

11.61%

+5.72%

Volatility (1Y)

Calculated over the trailing 1-year period

25.89%

16.50%

+9.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.83%

24.27%

+3.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.45%

23.37%

+5.08%