SMCWX vs. ETILX

Last updated Aug 5, 2026

SMCWX (American Funds SMALLCAP World Fund Class A) and ETILX (Eventide Gilead Class I) are both mutual funds - SMCWX is a Foreign Small & Mid Cap Equities fund managed by American Funds, while ETILX is a Mid Cap Growth Equities fund managed by Eventide. Over the past 10 years, SMCWX returned 9.48%/yr vs 13.34%/yr for ETILX. Their correlation of 0.87 means they have usually moved in the same direction. SMCWX charges 1.02%/yr vs 1.11%/yr for ETILX.

Performance

SMCWX vs. ETILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds SMALLCAP World Fund Class A (SMCWX) and Eventide Gilead Class I (ETILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMCWX achieves a 12.18% return, which is significantly lower than ETILX's 13.61% return. Over the past 10 years, SMCWX has underperformed ETILX with an annualized return of 9.48%, while ETILX has yielded a comparatively higher 13.34% annualized return.

SMCWX

• 1D: 1.67%
• 1M: -2.50%
• 6M: 7.09%
• YTD: 12.18%
• 1Y: 18.48%
• 3Y*: 11.17%
• 5Y*: 1.39%
• 10Y*: 9.48%
• ALL TIME*: 9.44%

ETILX

• 1D: 1.43%
• 1M: -4.87%
• 6M: 10.71%
• YTD: 13.61%
• 1Y: 27.90%
• 3Y*: 13.66%
• 5Y*: 2.27%
• 10Y*: 13.34%
• ALL TIME*: 13.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ETILX Eventide Gilead Class I	$0.00	$0.00	$0.00
SMCWX American Funds SMALLCAP World Fund Class A	$0.00	$0.00	$0.00

SMCWX vs. ETILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMCWX American Funds SMALLCAP World Fund Class A	12.18%	14.07%	2.33%	18.86%	-29.90%	10.14%	37.46%	30.79%	-9.75%	26.85%
ETILX Eventide Gilead Class I	13.61%	23.77%	-0.03%	22.76%	-34.03%	11.44%	55.44%	34.11%	-2.35%	33.09%

Correlation

The correlation between SMCWX and ETILX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Feb 2, 2010	0.87

The correlation between SMCWX and ETILX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

SMCWX vs. ETILX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMCWX

SMCWX Risk / Return Rank: 35
SMCWX Sharpe Ratio Rank: 33
SMCWX Sortino Ratio Rank: 33
SMCWX Omega Ratio Rank: 31
SMCWX Calmar Ratio Rank: 38
SMCWX Martin Ratio Rank: 40

ETILX

ETILX Risk / Return Rank: 49
ETILX Sharpe Ratio Rank: 51
ETILX Sortino Ratio Rank: 49
ETILX Omega Ratio Rank: 45
ETILX Calmar Ratio Rank: 51
ETILX Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMCWX vs. ETILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds SMALLCAP World Fund Class A (SMCWX) and Eventide Gilead Class I (ETILX). 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.

	SMCWX	ETILX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.53	-0.37
Sortino ratio: Return per unit of downside risk	1.74	2.17	-0.43
Omega ratio: Gain probability vs. loss probability	1.21	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	1.73	2.09	-0.36
Martin ratio: Return relative to average drawdown	6.21	7.36	-1.15

SMCWX vs. ETILX - Sharpe Ratio Comparison

The current SMCWX Sharpe Ratio is 1.16, which is comparable to the ETILX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SMCWX and ETILX, 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

SMCWX vs. ETILX - Drawdown Comparison

The maximum SMCWX drawdown since its inception was -62.46%, which is greater than ETILX's maximum drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for SMCWX and ETILX.

Drawdown Indicators

	SMCWX	ETILX	Difference
Max Drawdown Largest peak-to-trough decline	-62.46%	-41.30%	-21.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.83%	-14.40%	+2.57%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-25.71%	+4.31%
Max Drawdown (5Y) Largest decline over 5 years	-39.79%	-41.30%	+1.51%
Max Drawdown (10Y) Largest decline over 10 years	-39.79%	-41.30%	+1.51%
Current Drawdown Current decline from peak	-4.41%	-7.49%	+3.08%
Average Drawdown Average peak-to-trough decline	-14.86%	-11.44%	-3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	4.09%	-0.80%

Volatility

SMCWX vs. ETILX - Volatility Comparison

American Funds SMALLCAP World Fund Class A (SMCWX) and Eventide Gilead Class I (ETILX) have volatilities of 6.08% and 6.08%, 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

	SMCWX	ETILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	6.08%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	14.97%	16.44%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	19.71%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.54%	24.50%	-5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	23.46%	-5.50%

SMCWX vs. ETILX - Expense Ratio Comparison

SMCWX has a 1.02% expense ratio, which is lower than ETILX's 1.11% expense ratio.

Dividends

SMCWX vs. ETILX - Dividend Comparison

SMCWX's dividend yield for the trailing twelve months is around 4.29%, less than ETILX's 10.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETILX Eventide Gilead Class I	10.62%	12.07%	1.25%	0.00%	5.36%	6.30%	0.79%	3.14%	5.31%	0.00%	0.00%	1.13%
SMCWX American Funds SMALLCAP World Fund Class A	4.29%	4.84%	0.60%	0.64%	0.00%	9.24%	1.60%	4.24%	7.06%	4.48%	0.35%	6.49%

Frequently Asked Questions

Can I hold both SMCWX and ETILX in my portfolio?

SMCWX and ETILX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMCWX or ETILX?

ETILX has higher volatility (6.08%) compared to SMCWX (6.08%). In terms of maximum drawdown, SMCWX dropped -62.46% vs ETILX's -41.30%.

Which has better risk-adjusted returns?

ETILX currently has the higher Sharpe Ratio (1.53 vs 1.16), 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.