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ETIHX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ETIHX and QQQ is 0.56, 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

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

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Key characteristics

Sharpe Ratio

ETIHX:

-0.28

QQQ:

0.62

Sortino Ratio

ETIHX:

-0.22

QQQ:

0.92

Omega Ratio

ETIHX:

0.97

QQQ:

1.13

Calmar Ratio

ETIHX:

-0.16

QQQ:

0.60

Martin Ratio

ETIHX:

-0.73

QQQ:

1.94

Ulcer Index

ETIHX:

10.55%

QQQ:

7.02%

Daily Std Dev

ETIHX:

26.93%

QQQ:

25.59%

Max Drawdown

ETIHX:

-55.11%

QQQ:

-82.98%

Current Drawdown

ETIHX:

-40.30%

QQQ:

-3.64%

Returns By Period

In the year-to-date period, ETIHX achieves a -5.11% return, which is significantly lower than QQQ's 1.69% return. Over the past 10 years, ETIHX has underperformed QQQ with an annualized return of 4.65%, while QQQ has yielded a comparatively higher 17.69% annualized return.


ETIHX

YTD

-5.11%

1M

-1.31%

6M

-14.15%

1Y

-7.67%

3Y*

6.91%

5Y*

-3.36%

10Y*

4.65%

QQQ

YTD

1.69%

1M

7.77%

6M

2.15%

1Y

15.88%

3Y*

19.78%

5Y*

18.08%

10Y*

17.69%

*Annualized

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Invesco QQQ

ETIHX vs. QQQ - Expense Ratio Comparison

ETIHX has a 1.30% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

ETIHX vs. QQQ — Risk-Adjusted Performance Rank

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

ETIHX
The Risk-Adjusted Performance Rank of ETIHX is 44
Overall Rank
The Sharpe Ratio Rank of ETIHX is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of ETIHX is 44
Sortino Ratio Rank
The Omega Ratio Rank of ETIHX is 44
Omega Ratio Rank
The Calmar Ratio Rank of ETIHX is 55
Calmar Ratio Rank
The Martin Ratio Rank of ETIHX is 33
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5353
Overall Rank
The Sharpe Ratio Rank of QQQ is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5252
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5151
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 5959
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5252
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current ETIHX Sharpe Ratio is -0.28, which is lower than the QQQ Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ETIHX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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 0.58%.


TTM20242023202220212020201920182017201620152014
ETIHX
Eventide Healthcare & Life Sciences Fund
0.00%0.00%0.00%0.00%10.78%3.49%2.08%7.33%1.28%0.00%1.22%0.00%
QQQ
Invesco QQQ
0.58%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 -55.11%, 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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

ETIHX vs. QQQ - Volatility Comparison

Eventide Healthcare & Life Sciences Fund (ETIHX) has a higher volatility of 8.84% compared to Invesco QQQ (QQQ) at 5.62%. 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.


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