ELCV vs FTCB
Eventide High Dividend ETF vs First Trust Core Investment Grade ETF
Quick Verdict
ELCV has a lower expense ratio. ELCV delivered stronger 1-year returns. FTCB offers more diversification with 331 holdings.
Side-by-Side Comparison
| Metric | ELCV | FTCB | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.56% | |
| AUM | $251M | $2.5B | |
| Dividend Yield | 2.06% | 5.24% | |
| Holdings | 47 | 721 | |
| YTD Return | +18.65% | +0.12% | |
| 1Y Return | +25.13% | +2.43% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 13.8% | 5.1% | |
| Max Drawdown | -18.4% | -5.0% | |
| Fund Family | Eventide | First Trust Portfolios (US) | |
| Category | Equity | Fixed Income | |
| Inception | Sep 30, 2024 | Nov 7, 2023 |
ELCV vs FTCB Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and First Trust Core Investment Grade ETF (FTCB) is a ETF from First Trust Portfolios (US). Over the past year ELCV returned +25.13% while FTCB returned +2.43%. Year to date, ELCV is up 18.65% versus a gain of 0.12% for FTCB.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 5.1% for FTCB. 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 -5.0% for FTCB. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while FTCB charges 0.56%. On a $10,000 position that is $49 vs $56 annually, a gap of $7 per year that compounds over a long holding period. On income, ELCV currently yields 2.06% against 5.24% for FTCB.
Holdings Overlap
ELCV and FTCB share 0 holdings out of 377 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or FTCB?
ELCV has an expense ratio of 0.49% while FTCB charges 0.56%. ELCV is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, ELCV or FTCB?
Over the past year ELCV returned +25.13% vs +2.43% for FTCB, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.23% vs +5.77% for FTCB. Past performance does not guarantee future results.
Which is riskier, ELCV or FTCB?
ELCV has been the more volatile fund at 13.8% annualized versus 5.1% for FTCB. Worst drawdown: ELCV -18.4% vs FTCB -5.0%.
Should I hold both ELCV and FTCB?
ELCV and FTCB have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and FTCB?
ELCV and FTCB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 377 unique securities.
Which pays a higher dividend, ELCV or FTCB?
ELCV yields 2.06% while FTCB yields 5.24%, so FTCB currently pays the higher dividend yield.
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