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.
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
Key characteristics
ETIMX:
1.18
SPY:
2.03
ETIMX:
1.69
SPY:
2.71
ETIMX:
1.20
SPY:
1.38
ETIMX:
0.82
SPY:
3.02
ETIMX:
6.61
SPY:
13.49
ETIMX:
1.49%
SPY:
1.88%
ETIMX:
8.33%
SPY:
12.48%
ETIMX:
-23.88%
SPY:
-55.19%
ETIMX:
-6.10%
SPY:
-3.54%
Returns By Period
In the year-to-date period, ETIMX achieves a 9.29% return, which is significantly lower than SPY's 24.51% return.
ETIMX
9.29%
-4.26%
2.98%
10.51%
6.31%
N/A
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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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 1.57%, more than SPY's 0.87% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Eventide Multi-Asset Income Fund | 1.57% | 1.62% | 1.95% | 1.54% | 1.88% | 2.91% | 3.94% | 3.02% | 2.38% | 0.46% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 0.87% | 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 2.76%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.61%. 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.