SOVF vs. ETIDX

Last updated Jun 4, 2026

SOVF (Sovereign's Capital Flourish Fund) and ETIDX (Eventide Dividend Opportunities Fund) are both Mid Cap Blend Equities funds. Over the past year, SOVF returned -4.19% vs 21.28% for ETIDX. A 0.75 correlation means they provide meaningful diversification when combined. SOVF charges 0.75%/yr vs 0.95%/yr for ETIDX.

Performance

SOVF vs. ETIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sovereign's Capital Flourish Fund (SOVF) and Eventide Dividend Opportunities Fund (ETIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOVF achieves a -2.81% return, which is significantly lower than ETIDX's 17.47% return.

SOVF

• 1D: -1.72%
• 1M: -1.84%
• YTD: -2.81%
• 6M: -0.11%
• 1Y: -4.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETIDX

• 1D: 1.04%
• 1M: 1.68%
• YTD: 17.47%
• 6M: 16.12%
• 1Y: 21.28%
• 3Y*: 18.80%
• 5Y*: 9.50%
• 10Y*: —

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

SOVF vs. ETIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SOVF Sovereign's Capital Flourish Fund	-2.81%	-4.38%	8.67%	16.18%
ETIDX Eventide Dividend Opportunities Fund	17.47%	5.67%	16.56%	13.48%

Correlation

The correlation between SOVF and ETIDX is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023	0.75

The correlation between SOVF and ETIDX shifts across timeframes, from 0.60 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOVF vs. ETIDX — Risk / Return Rank

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

SOVF

SOVF Risk / Return Rank: 6
SOVF Sharpe Ratio Rank: 6
SOVF Sortino Ratio Rank: 6
SOVF Omega Ratio Rank: 6
SOVF Calmar Ratio Rank: 6
SOVF Martin Ratio Rank: 6

ETIDX

ETIDX Risk / Return Rank: 39
ETIDX Sharpe Ratio Rank: 31
ETIDX Sortino Ratio Rank: 28
ETIDX Omega Ratio Rank: 28
ETIDX Calmar Ratio Rank: 60
ETIDX Martin Ratio Rank: 46

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.

SOVF vs. ETIDX - Risk-Adjusted Trends 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.

	SOVF	ETIDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	1.59	-1.88
Sortino ratio: Return per unit of downside risk	-0.30	2.20	-2.50
Omega ratio: Gain probability vs. loss probability	0.97	1.28	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.29	2.96	-3.26
Martin ratio: Return relative to average drawdown	-0.62	9.60	-10.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOVF vs. ETIDX - Sharpe Ratio Comparison

The current SOVF Sharpe Ratio is -0.29, which is lower than the ETIDX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of SOVF and ETIDX, 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

	SOVF	ETIDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	1.59	-1.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.65	-0.29

Drawdowns

SOVF vs. ETIDX - Drawdown Comparison

The maximum SOVF drawdown since its inception was -21.74%, 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.

Drawdown Indicators

	SOVF	ETIDX	Difference
Max Drawdown Largest peak-to-trough decline	-21.74%	-34.12%	+12.38%
Max Drawdown (1Y) Largest decline over 1 year	-14.46%	-7.60%	-6.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.11%	—
Current Drawdown Current decline from peak	-14.49%	-0.40%	-14.09%
Average Drawdown Average peak-to-trough decline	-7.28%	-7.10%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.79%	2.34%	+4.45%

Volatility

SOVF vs. ETIDX - Volatility Comparison

The current volatility for Sovereign's Capital Flourish Fund (SOVF) is 3.81%, while Eventide Dividend Opportunities Fund (ETIDX) has a volatility of 4.37%. This indicates that SOVF experiences smaller price fluctuations and is considered to be less risky than ETIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOVF	ETIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.37%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	11.46%	-1.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.76%	14.17%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	17.66%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	18.25%	-1.00%

SOVF vs. ETIDX - Expense Ratio Comparison

SOVF has a 0.75% expense ratio, which is lower than ETIDX's 0.95% expense ratio.

Dividends

SOVF vs. ETIDX - Dividend Comparison

SOVF's dividend yield for the trailing twelve months is around 0.80%, less than ETIDX's 3.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETIDX Eventide Dividend Opportunities Fund	3.04%	3.58%	0.64%	0.67%	1.98%	2.78%	1.05%	1.99%	2.16%	1.41%
SOVF Sovereign's Capital Flourish Fund	0.80%	0.77%	0.30%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOVF and ETIDX in my portfolio?

SOVF and ETIDX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOVF or ETIDX?

ETIDX has higher volatility (4.37%) compared to SOVF (3.81%). In terms of maximum drawdown, SOVF dropped -21.74% vs ETIDX's -34.12%.

Which has better risk-adjusted returns?

ETIDX currently has the higher Sharpe Ratio (1.59 vs -0.29), 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.