ROE vs. ELCV

Last updated Jun 4, 2026

ROE (Astoria US Equal Weight Quality Kings ETF) and ELCV (Eventide High Dividend ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, ROE returned 37.99% vs 30.91% for ELCV. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

ROE vs. ELCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Astoria US Equal Weight Quality Kings ETF (ROE) and Eventide High Dividend ETF (ELCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ROE having a 20.98% return and ELCV slightly higher at 21.38%.

ROE

• 1D: -0.04%
• 1M: 8.10%
• YTD: 20.98%
• 6M: 21.56%
• 1Y: 37.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELCV

• 1D: 0.48%
• 1M: 4.35%
• YTD: 21.38%
• 6M: 20.08%
• 1Y: 30.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROE vs. ELCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ROE Astoria US Equal Weight Quality Kings ETF	20.98%	17.20%	-0.45%
ELCV Eventide High Dividend ETF	21.38%	9.96%	-1.81%

Correlation

The correlation between ROE and ELCV is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.77

The correlation between ROE and ELCV has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

Return for Risk

ROE vs. ELCV — Risk / Return Rank

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

ROE

ROE Risk / Return Rank: 83
ROE Sharpe Ratio Rank: 84
ROE Sortino Ratio Rank: 82
ROE Omega Ratio Rank: 80
ROE Calmar Ratio Rank: 83
ROE Martin Ratio Rank: 89

ELCV

ELCV Risk / Return Rank: 86
ELCV Sharpe Ratio Rank: 83
ELCV Sortino Ratio Rank: 82
ELCV Omega Ratio Rank: 79
ELCV Calmar Ratio Rank: 92
ELCV Martin Ratio Rank: 91

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.

ROE vs. ELCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astoria US Equal Weight Quality Kings ETF (ROE) and Eventide High Dividend ETF (ELCV). 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.

	ROE	ELCV	Difference
Sharpe ratio Return per unit of total volatility	2.74	2.71	+0.03
Sortino ratio Return per unit of downside risk	3.69	3.70	-0.01
Omega ratio Gain probability vs. loss probability	1.48	1.48	0.00
Calmar ratio Return relative to maximum drawdown	4.41	6.15	-1.74
Martin ratio Return relative to average drawdown	19.92	21.81	-1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROE vs. ELCV - Sharpe Ratio Comparison

The current ROE Sharpe Ratio is 2.74, which is comparable to the ELCV Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of ROE and ELCV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ROE	ELCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.71	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	1.15	+0.24

Drawdowns

ROE vs. ELCV - Drawdown Comparison

The maximum ROE drawdown since its inception was -19.10%, roughly equal to the maximum ELCV drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for ROE and ELCV.

Drawdown Indicators

	ROE	ELCV	Difference
Max Drawdown Largest peak-to-trough decline	-19.10%	-18.38%	-0.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.66%	-5.05%	-3.61%
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-2.59%	-3.75%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.43%	+0.48%

Volatility

ROE vs. ELCV - Volatility Comparison

Astoria US Equal Weight Quality Kings ETF (ROE) and Eventide High Dividend ETF (ELCV) have volatilities of 3.79% and 3.61%, 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.

Volatility by Period

	ROE	ELCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.61%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	8.75%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	11.47%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	15.38%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	15.38%	+0.40%

ROE vs. ELCV - Expense Ratio Comparison

Both ROE and ELCV have an expense ratio of 0.49%.

Dividends

ROE vs. ELCV - Dividend Comparison

ROE's dividend yield for the trailing twelve months is around 0.94%, less than ELCV's 1.76% yield.

Position	TTM	2025	2024	2023
ELCV Eventide High Dividend ETF	1.76%	2.34%	0.29%	0.00%
ROE Astoria US Equal Weight Quality Kings ETF	0.94%	0.97%	1.18%	0.68%

Frequently Asked Questions

Can I hold both ROE and ELCV in my portfolio?

ROE and ELCV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROE or ELCV?

ROE has higher volatility (3.79%) compared to ELCV (3.61%). In terms of maximum drawdown, ROE dropped -19.10% vs ELCV's -18.38%.

Which ETF is better, ROE or ELCV?

On 1-year performance, ROE leads with 37.99% vs 30.91% for ELCV. Both ETFs have the same 0.49% expense ratio. On volatility, ELCV has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROE or ELCV?

Over the 1-year period, ROE has performed better with a 37.99% return vs 30.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROE or ELCV?

ROE and ELCV have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, ROE or ELCV?

ELCV has the higher dividend yield at 1.76%, compared with 0.94% for ROE.

What is the main difference between ROE and ELCV?

They also come from different issuers: Astoria and Eventide.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.74 vs 2.71), 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.