SOVF vs. ETIDX
Compare and contrast key facts about Sovereign's Capital Flourish Fund (SOVF) and Eventide Dividend Opportunities Fund (ETIDX).
SOVF is an actively managed fund by Sovereign's. It was launched on Oct 2, 2023. ETIDX is managed by Eventide Funds. It was launched on Sep 29, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOVF or ETIDX.
Key characteristics
| SOVF | ETIDX | |
|---|---|---|
| YTD Return | 10.99% | 23.86% |
| 1Y Return | 22.43% | 32.72% |
| Sharpe Ratio | 1.53 | 2.35 |
| Sortino Ratio | 2.21 | 3.23 |
| Omega Ratio | 1.27 | 1.39 |
| Calmar Ratio | 2.94 | 2.03 |
| Martin Ratio | 7.43 | 15.48 |
| Ulcer Index | 3.07% | 2.10% |
| Daily Std Dev | 14.87% | 13.80% |
| Max Drawdown | -7.76% | -34.12% |
| Current Drawdown | -2.30% | -1.78% |
Correlation
The correlation between SOVF and ETIDX is 0.83, 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
SOVF vs. ETIDX - Performance Comparison
In the year-to-date period, SOVF achieves a 10.99% return, which is significantly lower than ETIDX's 23.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SOVF vs. ETIDX - Expense Ratio Comparison
SOVF has a 0.75% expense ratio, which is lower than ETIDX's 0.95% expense ratio.
Risk-Adjusted Performance
SOVF vs. ETIDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sovereign's Capital Flourish Fund (SOVF) and Eventide Dividend Opportunities Fund (ETIDX). 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
SOVF vs. ETIDX - Dividend Comparison
SOVF's dividend yield for the trailing twelve months is around 0.16%, less than ETIDX's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SOVF Sovereign's Capital Flourish Fund | 0.16% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETIDX Eventide Dividend Opportunities Fund | 0.50% | 0.67% | 1.34% | 1.14% | 1.06% | 1.99% | 2.17% | 0.30% |
Drawdowns
SOVF vs. ETIDX - Drawdown Comparison
The maximum SOVF drawdown since its inception was -7.76%, smaller than the maximum ETIDX drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for SOVF and ETIDX. For additional features, visit the drawdowns tool.
Volatility
SOVF vs. ETIDX - Volatility Comparison
Sovereign's Capital Flourish Fund (SOVF) has a higher volatility of 5.13% compared to Eventide Dividend Opportunities Fund (ETIDX) at 4.06%. This indicates that SOVF's price experiences larger fluctuations and is considered to be riskier than ETIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.