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:
1.25
SPY:
1.75
ETIMX:
1.78
SPY:
2.36
ETIMX:
1.22
SPY:
1.32
ETIMX:
1.16
SPY:
2.66
ETIMX:
5.09
SPY:
11.01
ETIMX:
2.11%
SPY:
2.03%
ETIMX:
8.57%
SPY:
12.77%
ETIMX:
-23.88%
SPY:
-55.19%
ETIMX:
-3.53%
SPY:
-2.12%
Returns By Period
The year-to-date returns for both investments are quite close, with ETIMX having a 2.28% return and SPY slightly higher at 2.36%.
ETIMX
2.28%
-1.81%
1.11%
9.58%
6.15%
N/A
SPY
2.36%
-1.61%
7.41%
19.65%
15.00%
12.97%
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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 Rank
ETIMX
SPY
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 1.88%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETIMX Eventide Multi-Asset Income Fund | 1.88% | 1.87% | 1.62% | 1.95% | 1.54% | 1.88% | 2.91% | 3.94% | 3.02% | 2.38% | 0.46% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 2.95%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. 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.