TBG vs. ETIDX

Last updated Jun 24, 2026

TBG (TBG Dividend Focus ETF) and ETIDX (Eventide Dividend Opportunities Fund) are both funds - TBG is a Large Cap Value Equities fund actively managed by EA Series Trust, while ETIDX is a Mid Cap Blend Equities fund managed by Eventide Funds. Over the past year, TBG returned 18.15% vs 24.79% for ETIDX. A 0.68 correlation means they provide meaningful diversification when combined. TBG charges 0.59%/yr vs 0.95%/yr for ETIDX.

Performance

TBG vs. ETIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TBG Dividend Focus ETF (TBG) 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, TBG achieves a 10.84% return, which is significantly lower than ETIDX's 21.57% return.

TBG

• 1D: 0.73%
• 1M: -1.29%
• YTD: 10.84%
• 6M: 10.23%
• 1Y: 18.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETIDX

• 1D: 1.49%
• 1M: 4.38%
• YTD: 21.57%
• 6M: 20.04%
• 1Y: 24.79%
• 3Y*: 19.94%
• 5Y*: 9.97%
• 10Y*: —

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

TBG vs. ETIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TBG TBG Dividend Focus ETF	10.84%	7.50%	20.58%	9.55%
ETIDX Eventide Dividend Opportunities Fund	21.57%	5.67%	16.56%	10.75%

Correlation

The correlation between TBG and ETIDX is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	0.68

The correlation between TBG and ETIDX shifts across timeframes, from 0.58 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TBG vs. ETIDX — Risk / Return Rank

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

TBG

TBG Risk / Return Rank: 59
TBG Sharpe Ratio Rank: 60
TBG Sortino Ratio Rank: 63
TBG Omega Ratio Rank: 55
TBG Calmar Ratio Rank: 63
TBG Martin Ratio Rank: 56

ETIDX

ETIDX Risk / Return Rank: 52
ETIDX Sharpe Ratio Rank: 42
ETIDX Sortino Ratio Rank: 39
ETIDX Omega Ratio Rank: 38
ETIDX Calmar Ratio Rank: 80
ETIDX Martin Ratio Rank: 59

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.

TBG vs. ETIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TBG Dividend Focus ETF (TBG) 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.

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.

	TBG	ETIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.77	+0.12
Sortino ratio: Return per unit of downside risk	2.73	2.42	+0.32
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.97	3.46	-0.49
Martin ratio: Return relative to average drawdown	9.14	11.12	-1.98

TBG vs. ETIDX - Sharpe Ratio Comparison

The current TBG Sharpe Ratio is 1.89, which is comparable to the ETIDX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of TBG 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.

Drawdowns

TBG vs. ETIDX - Drawdown Comparison

The maximum TBG drawdown since its inception was -14.76%, smaller than the maximum ETIDX drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for TBG and ETIDX.

Drawdown Indicators

	TBG	ETIDX	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-34.12%	+19.36%
Max Drawdown (1Y) Largest decline over 1 year	-6.13%	-7.60%	+1.47%
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	-1.79%	0.00%	-1.79%
Average Drawdown Average peak-to-trough decline	-2.08%	-7.06%	+4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.36%	-0.37%

Volatility

TBG vs. ETIDX - Volatility Comparison

The current volatility for TBG Dividend Focus ETF (TBG) is 3.22%, while Eventide Dividend Opportunities Fund (ETIDX) has a volatility of 5.59%. This indicates that TBG 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

	TBG	ETIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	5.59%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	12.02%	-5.09%
Volatility (1Y) Calculated over the trailing 1-year period	9.67%	14.88%	-5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.20%	17.78%	-5.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.20%	18.27%	-6.07%

TBG vs. ETIDX - Expense Ratio Comparison

TBG has a 0.59% expense ratio, which is lower than ETIDX's 0.95% expense ratio.

Dividends

TBG vs. ETIDX - Dividend Comparison

TBG's dividend yield for the trailing twelve months is around 2.68%, less than ETIDX's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETIDX Eventide Dividend Opportunities Fund	2.94%	3.58%	0.64%	0.67%	1.98%	2.78%	1.05%	1.99%	2.16%	1.41%
TBG TBG Dividend Focus ETF	2.68%	2.80%	2.33%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TBG and ETIDX in my portfolio?

TBG and ETIDX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TBG or ETIDX?

ETIDX has higher volatility (5.59%) compared to TBG (3.22%). In terms of maximum drawdown, TBG dropped -14.76% vs ETIDX's -34.12%.

Which has better risk-adjusted returns?

TBG currently has the higher Sharpe Ratio (1.89 vs 1.77), 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.