ETIHX vs. QQQ
Compare and contrast key facts about Eventide Healthcare & Life Sciences Fund (ETIHX) and Invesco QQQ (QQQ).
ETIHX is managed by Eventide Funds. It was launched on Dec 26, 2012. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETIHX or QQQ.
Correlation
The correlation between ETIHX and QQQ is 0.57, 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
ETIHX vs. QQQ - Performance Comparison
Key characteristics
ETIHX:
-0.42
QQQ:
1.56
ETIHX:
-0.44
QQQ:
2.09
ETIHX:
0.95
QQQ:
1.28
ETIHX:
-0.24
QQQ:
2.07
ETIHX:
-0.93
QQQ:
7.35
ETIHX:
10.88%
QQQ:
3.81%
ETIHX:
23.90%
QQQ:
17.96%
ETIHX:
-58.95%
QQQ:
-82.98%
ETIHX:
-40.30%
QQQ:
-4.10%
Returns By Period
In the year-to-date period, ETIHX achieves a 3.76% return, which is significantly higher than QQQ's 0.79% return. Over the past 10 years, ETIHX has underperformed QQQ with an annualized return of 4.84%, while QQQ has yielded a comparatively higher 18.61% annualized return.
ETIHX
3.76%
-4.03%
-4.62%
-8.61%
-3.44%
4.84%
QQQ
0.79%
-0.86%
5.06%
26.89%
19.56%
18.61%
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ETIHX vs. QQQ - Expense Ratio Comparison
ETIHX has a 1.30% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ETIHX vs. QQQ — Risk-Adjusted Performance Rank
ETIHX
QQQ
ETIHX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Healthcare & Life Sciences Fund (ETIHX) and Invesco QQQ (QQQ). 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
ETIHX vs. QQQ - Dividend Comparison
ETIHX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETIHX Eventide Healthcare & Life Sciences Fund | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ETIHX vs. QQQ - Drawdown Comparison
The maximum ETIHX drawdown since its inception was -58.95%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ETIHX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ETIHX vs. QQQ - Volatility Comparison
Eventide Healthcare & Life Sciences Fund (ETIHX) has a higher volatility of 7.48% compared to Invesco QQQ (QQQ) at 6.12%. This indicates that ETIHX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.