ETIHX vs. SPY
Compare and contrast key facts about Eventide Healthcare & Life Sciences Fund (ETIHX) and SPDR S&P 500 ETF (SPY).
ETIHX is managed by Eventide Funds. It was launched on Dec 26, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETIHX or SPY.
Correlation
The correlation between ETIHX and SPY 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. SPY - Performance Comparison
Key characteristics
ETIHX:
-0.30
SPY:
0.70
ETIHX:
-0.25
SPY:
1.11
ETIHX:
0.97
SPY:
1.17
ETIHX:
-0.16
SPY:
0.75
ETIHX:
-0.82
SPY:
2.96
ETIHX:
9.56%
SPY:
4.74%
ETIHX:
26.07%
SPY:
20.05%
ETIHX:
-55.11%
SPY:
-55.19%
ETIHX:
-39.11%
SPY:
-7.79%
Returns By Period
In the year-to-date period, ETIHX achieves a -3.22% return, which is significantly higher than SPY's -3.56% return. Over the past 10 years, ETIHX has underperformed SPY with an annualized return of 5.55%, while SPY has yielded a comparatively higher 12.25% annualized return.
ETIHX
-3.22%
14.88%
-12.12%
-10.41%
-0.92%
5.55%
SPY
-3.56%
11.52%
-0.47%
11.62%
16.42%
12.25%
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ETIHX vs. SPY - Expense Ratio Comparison
ETIHX has a 1.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ETIHX vs. SPY — Risk-Adjusted Performance Rank
ETIHX
SPY
ETIHX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Healthcare & Life Sciences Fund (ETIHX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ETIHX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| 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% | 10.78% | 3.49% | 2.08% | 7.33% | 1.28% | 0.00% | 1.22% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ETIHX vs. SPY - Drawdown Comparison
The maximum ETIHX drawdown since its inception was -55.11%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETIHX and SPY. For additional features, visit the drawdowns tool.
Volatility
ETIHX vs. SPY - Volatility Comparison
The current volatility for Eventide Healthcare & Life Sciences Fund (ETIHX) is 12.41%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.12%. This indicates that ETIHX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.