ETIMX vs. VTMFX

Last updated Jun 23, 2026

ETIMX (Eventide Multi-Asset Income Fund) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, ETIMX returned 7.96%/yr vs 8.63%/yr for VTMFX. Their correlation of 0.84 suggests significant overlap in exposure. ETIMX charges 0.82%/yr vs 0.05%/yr for VTMFX.

Performance

ETIMX vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Multi-Asset Income Fund (ETIMX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETIMX achieves a 10.81% return, which is significantly higher than VTMFX's 5.44% return. Over the past 10 years, ETIMX has underperformed VTMFX with an annualized return of 7.96%, while VTMFX has yielded a comparatively higher 8.63% annualized return.

ETIMX

• 1D: 0.84%
• 1M: 1.83%
• YTD: 10.81%
• 6M: 10.45%
• 1Y: 15.59%
• 3Y*: 12.09%
• 5Y*: 6.12%
• 10Y*: 7.96%

VTMFX

• 1D: 0.57%
• 1M: 0.96%
• YTD: 5.44%
• 6M: 5.27%
• 1Y: 15.82%
• 3Y*: 11.93%
• 5Y*: 7.23%
• 10Y*: 8.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETIMX vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETIMX Eventide Multi-Asset Income Fund	10.81%	6.95%	9.79%	12.16%	-15.28%	16.26%	18.42%	19.88%	-8.16%	11.97%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	5.44%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	12.61%

Correlation

The correlation between ETIMX and VTMFX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.84

The correlation between ETIMX and VTMFX shifts across timeframes, from 0.76 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ETIMX vs. VTMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETIMX

ETIMX Risk / Return Rank: 56
ETIMX Sharpe Ratio Rank: 47
ETIMX Sortino Ratio Rank: 46
ETIMX Omega Ratio Rank: 44
ETIMX Calmar Ratio Rank: 78
ETIMX Martin Ratio Rank: 63

VTMFX

VTMFX Risk / Return Rank: 76
VTMFX Sharpe Ratio Rank: 81
VTMFX Sortino Ratio Rank: 79
VTMFX Omega Ratio Rank: 79
VTMFX Calmar Ratio Rank: 64
VTMFX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETIMX vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Multi-Asset Income Fund (ETIMX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ETIMX	VTMFX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.45	-0.58
Sortino ratio: Return per unit of downside risk	2.62	3.45	-0.83
Omega ratio: Gain probability vs. loss probability	1.33	1.47	-0.14
Calmar ratio: Return relative to maximum drawdown	3.31	2.93	+0.38
Martin ratio: Return relative to average drawdown	11.68	13.72	-2.04

ETIMX vs. VTMFX - Sharpe Ratio Comparison

The current ETIMX Sharpe Ratio is 1.87, which is comparable to the VTMFX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of ETIMX and VTMFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETIMX vs. VTMFX - Drawdown Comparison

The maximum ETIMX drawdown since its inception was -22.79%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for ETIMX and VTMFX.

Drawdown Indicators

	ETIMX	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	-22.79%	-28.49%	+5.70%
Max Drawdown (1Y) Largest decline over 1 year	-4.81%	-5.38%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-11.14%	-10.61%	-0.53%
Max Drawdown (5Y) Largest decline over 5 years	-20.58%	-17.40%	-3.18%
Max Drawdown (10Y) Largest decline over 10 years	-22.79%	-21.87%	-0.92%
Current Drawdown Current decline from peak	-0.13%	-0.56%	+0.43%
Average Drawdown Average peak-to-trough decline	-4.15%	-3.54%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	1.15%	+0.21%

Volatility

ETIMX vs. VTMFX - Volatility Comparison

Eventide Multi-Asset Income Fund (ETIMX) has a higher volatility of 3.35% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 2.50%. This indicates that ETIMX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETIMX	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	2.50%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	7.00%	5.21%	+1.79%
Volatility (1Y) Calculated over the trailing 1-year period	8.50%	6.45%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.81%	8.57%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.14%	9.15%	+0.99%

ETIMX vs. VTMFX - Expense Ratio Comparison

ETIMX has a 0.82% expense ratio, which is higher than VTMFX's 0.05% expense ratio.

Dividends

ETIMX vs. VTMFX - Dividend Comparison

ETIMX's dividend yield for the trailing twelve months is around 5.86%, more than VTMFX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETIMX Eventide Multi-Asset Income Fund	5.86%	6.38%	1.86%	1.63%	2.95%	5.86%	2.00%	2.90%	4.29%	4.40%	2.66%	0.00%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.12%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%

Frequently Asked Questions

Can I hold both ETIMX and VTMFX in my portfolio?

ETIMX and VTMFX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETIMX or VTMFX?

ETIMX has higher volatility (3.35%) compared to VTMFX (2.50%). In terms of maximum drawdown, ETIMX dropped -22.79% vs VTMFX's -28.49%.

Which has better risk-adjusted returns?

VTMFX currently has the higher Sharpe Ratio (2.45 vs 1.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.