ETIMX vs. FMSDX
Compare and contrast key facts about Eventide Multi-Asset Income Fund (ETIMX) and Fidelity Multi-Asset Income Fund (FMSDX).
ETIMX is managed by Eventide Funds. It was launched on Jul 14, 2015. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETIMX or FMSDX.
Key characteristics
| ETIMX | FMSDX | |
|---|---|---|
| YTD Return | 13.76% | 12.11% |
| 1Y Return | 20.34% | 18.25% |
| 3Y Return (Ann) | 0.90% | 2.48% |
| 5Y Return (Ann) | 7.57% | 8.85% |
| Sharpe Ratio | 2.50 | 2.54 |
| Sortino Ratio | 3.60 | 3.69 |
| Omega Ratio | 1.43 | 1.49 |
| Calmar Ratio | 1.31 | 2.00 |
| Martin Ratio | 15.60 | 17.03 |
| Ulcer Index | 1.29% | 1.02% |
| Daily Std Dev | 8.03% | 6.83% |
| Max Drawdown | -23.88% | -21.64% |
| Current Drawdown | -1.14% | -1.09% |
Correlation
The correlation between ETIMX and FMSDX is 0.83, 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.
Performance
ETIMX vs. FMSDX - Performance Comparison
In the year-to-date period, ETIMX achieves a 13.76% return, which is significantly higher than FMSDX's 12.11% 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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ETIMX vs. FMSDX - Expense Ratio Comparison
ETIMX has a 0.82% expense ratio, which is higher than FMSDX's 0.78% expense ratio.
Risk-Adjusted Performance
ETIMX vs. FMSDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Multi-Asset Income Fund (ETIMX) and Fidelity Multi-Asset Income Fund (FMSDX). 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
ETIMX vs. FMSDX - Dividend Comparison
ETIMX's dividend yield for the trailing twelve months is around 1.67%, less than FMSDX's 3.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETIMX Eventide Multi-Asset Income Fund | 1.67% | 1.62% | 1.95% | 1.54% | 1.88% | 2.91% | 3.94% | 3.02% | 2.38% | 0.46% |
FMSDX Fidelity Multi-Asset Income Fund | 3.66% | 4.24% | 3.88% | 2.98% | 3.26% | 2.76% | 1.90% | 0.00% | 0.00% | 0.00% |
Drawdowns
ETIMX vs. FMSDX - Drawdown Comparison
The maximum ETIMX drawdown since its inception was -23.88%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for ETIMX and FMSDX. For additional features, visit the drawdowns tool.
Volatility
ETIMX vs. FMSDX - Volatility Comparison
Eventide Multi-Asset Income Fund (ETIMX) and Fidelity Multi-Asset Income Fund (FMSDX) have volatilities of 2.42% and 2.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.