ETILX vs. AIRR
Compare and contrast key facts about Eventide Gilead Class I (ETILX) and First Trust RBA American Industrial Renaissance ETF (AIRR).
ETILX is managed by Eventide Funds. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETILX or AIRR.
Key characteristics
| ETILX | AIRR | |
|---|---|---|
| YTD Return | 1.49% | 42.76% |
| 1Y Return | 15.37% | 61.17% |
| 3Y Return (Ann) | -11.53% | 20.62% |
| 5Y Return (Ann) | 5.27% | 23.86% |
| 10Y Return (Ann) | 7.70% | 16.41% |
| Sharpe Ratio | 0.82 | 2.55 |
| Sortino Ratio | 1.24 | 3.33 |
| Omega Ratio | 1.15 | 1.41 |
| Calmar Ratio | 0.35 | 6.12 |
| Martin Ratio | 2.53 | 15.06 |
| Ulcer Index | 5.81% | 4.09% |
| Daily Std Dev | 18.02% | 24.16% |
| Max Drawdown | -46.69% | -42.37% |
| Current Drawdown | -31.83% | -3.59% |
Correlation
The correlation between ETILX and AIRR is 0.64, 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
ETILX vs. AIRR - Performance Comparison
In the year-to-date period, ETILX achieves a 1.49% return, which is significantly lower than AIRR's 42.76% return. Over the past 10 years, ETILX has underperformed AIRR with an annualized return of 7.70%, while AIRR has yielded a comparatively higher 16.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ETILX vs. AIRR - Expense Ratio Comparison
ETILX has a 1.11% expense ratio, which is higher than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
ETILX vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Gilead Class I (ETILX) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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
ETILX vs. AIRR - Dividend Comparison
ETILX has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ETILX Eventide Gilead Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.16% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
Drawdowns
ETILX vs. AIRR - Drawdown Comparison
The maximum ETILX drawdown since its inception was -46.69%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for ETILX and AIRR. For additional features, visit the drawdowns tool.
Volatility
ETILX vs. AIRR - Volatility Comparison
The current volatility for Eventide Gilead Class I (ETILX) is 4.84%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 9.46%. This indicates that ETILX experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.