Correlation
The correlation between ETILX and SPY 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.
ETILX vs. SPY
Compare and contrast key facts about Eventide Gilead Class I (ETILX) and SPDR S&P 500 ETF (SPY).
ETILX is managed by Eventide Funds. 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: ETILX or SPY.
Performance
ETILX vs. SPY - Performance Comparison
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Key characteristics
ETILX:
0.42
SPY:
0.71
ETILX:
0.66
SPY:
1.20
ETILX:
1.09
SPY:
1.18
ETILX:
0.22
SPY:
0.83
ETILX:
1.12
SPY:
3.14
ETILX:
7.70%
SPY:
4.93%
ETILX:
24.42%
SPY:
20.41%
ETILX:
-41.30%
SPY:
-55.19%
ETILX:
-22.31%
SPY:
-2.45%
Returns By Period
In the year-to-date period, ETILX achieves a 3.55% return, which is significantly higher than SPY's 2.01% return. Over the past 10 years, ETILX has underperformed SPY with an annualized return of 8.28%, while SPY has yielded a comparatively higher 12.94% annualized return.
ETILX
3.55%
6.16%
-2.60%
11.18%
5.10%
5.23%
8.28%
SPY
2.01%
5.18%
-0.66%
14.38%
14.90%
15.54%
12.94%
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ETILX vs. SPY - Expense Ratio Comparison
ETILX has a 1.11% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ETILX vs. SPY — Risk-Adjusted Performance Rank
ETILX
SPY
ETILX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Gilead Class I (ETILX) 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.
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Dividends
ETILX vs. SPY - Dividend Comparison
ETILX's dividend yield for the trailing twelve months is around 1.21%, which matches SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETILX Eventide Gilead Class I | 1.21% | 1.25% | 0.00% | 5.36% | 6.30% | 0.79% | 3.14% | 5.31% | 0.00% | 0.00% | 1.13% | 0.14% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ETILX vs. SPY - Drawdown Comparison
The maximum ETILX drawdown since its inception was -41.30%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETILX and SPY.
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Volatility
ETILX vs. SPY - Volatility Comparison
Eventide Gilead Class I (ETILX) has a higher volatility of 5.91% compared to SPDR S&P 500 ETF (SPY) at 4.70%. This indicates that ETILX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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