ETIMX vs. SPY
Compare and contrast key facts about Eventide Multi-Asset Income Fund (ETIMX) and SPDR S&P 500 ETF (SPY).
ETIMX is managed by Eventide Funds. It was launched on Jul 14, 2015. 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: ETIMX or SPY.
Key characteristics
| ETIMX | SPY | |
|---|---|---|
| YTD Return | 13.76% | 26.01% |
| 1Y Return | 20.34% | 33.73% |
| 3Y Return (Ann) | 0.90% | 9.91% |
| 5Y Return (Ann) | 7.57% | 15.54% |
| Sharpe Ratio | 2.50 | 2.82 |
| Sortino Ratio | 3.60 | 3.76 |
| Omega Ratio | 1.43 | 1.53 |
| Calmar Ratio | 1.31 | 4.05 |
| Martin Ratio | 15.60 | 18.33 |
| Ulcer Index | 1.29% | 1.86% |
| Daily Std Dev | 8.03% | 12.07% |
| Max Drawdown | -23.88% | -55.19% |
| Current Drawdown | -1.14% | -0.90% |
Correlation
The correlation between ETIMX and SPY is 0.82, 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. SPY - Performance Comparison
In the year-to-date period, ETIMX achieves a 13.76% return, which is significantly lower than SPY's 26.01% 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. SPY - Expense Ratio Comparison
ETIMX has a 0.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ETIMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Multi-Asset Income Fund (ETIMX) 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
ETIMX vs. SPY - Dividend Comparison
ETIMX's dividend yield for the trailing twelve months is around 1.67%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ETIMX vs. SPY - Drawdown Comparison
The maximum ETIMX drawdown since its inception was -23.88%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETIMX and SPY. For additional features, visit the drawdowns tool.
Volatility
ETIMX vs. SPY - Volatility Comparison
The current volatility for Eventide Multi-Asset Income Fund (ETIMX) is 2.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that ETIMX 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.