ELCV vs FQAL
Eventide High Dividend ETF vs Fidelity Quality Factor ETF
Quick Verdict
FQAL has a lower expense ratio. ELCV delivered stronger 1-year returns. FQAL offers more diversification with 130 holdings.
Side-by-Side Comparison
| Metric | ELCV | FQAL | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.15% | |
| AUM | $262M | $1.4B | |
| Dividend Yield | 2.15% | 1.15% | |
| Holdings | 47 | 130 | |
| YTD Return | +19.12% | +13.19% | |
| 1Y Return | +22.36% | +18.42% | |
| 3Y Return (annualized) | - | +20.31% | |
| 5Y Return (annualized) | - | +11.64% | |
| Volatility (annualized) | 13.8% | 15.0% | |
| Max Drawdown | -18.4% | -34.1% | |
| Fund Family | Eventide | Fidelity Investments (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Sep 12, 2016 |
ELCV vs FQAL Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Fidelity Quality Factor ETF (FQAL) is a ETF from Fidelity Investments (US). Over the past year ELCV returned +22.36% while FQAL returned +18.42%. Year to date, ELCV is up 19.12% versus a gain of 13.19% for FQAL.
Risk: Volatility and Drawdowns
FQAL has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 13.8% for ELCV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.4% for ELCV and -34.1% for FQAL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while FQAL charges 0.15%. On a $10,000 position that is $49 vs $15 annually, a gap of $34 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 1.15% for FQAL.
Holdings Overlap
ELCV and FQAL share 19 holdings out of 152 unique holdings combined, representing a 16.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or FQAL?
ELCV has an expense ratio of 0.49% while FQAL charges 0.15%. FQAL is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, ELCV or FQAL?
Over the past year ELCV returned +22.36% vs +18.42% for FQAL, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.00% vs +13.80% for FQAL. Past performance does not guarantee future results.
Which is riskier, ELCV or FQAL?
FQAL has been the more volatile fund at 15.0% annualized versus 13.8% for ELCV. Worst drawdown: ELCV -18.4% vs FQAL -34.1%.
Should I hold both ELCV and FQAL?
ELCV and FQAL have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and FQAL?
ELCV and FQAL share 19 common holdings with a 16.0% weight overlap. Combined, they hold 152 unique securities.
Which pays a higher dividend, ELCV or FQAL?
ELCV yields 2.15% while FQAL yields 1.15%, so ELCV currently pays the higher dividend yield.
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