ELCV vs HFXI
Eventide High Dividend ETF vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
HFXI has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | ELCV | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.20% | |
| AUM | $262M | $2.1B | |
| Dividend Yield | 2.15% | 3.39% | |
| Holdings | 47 | 876 | |
| YTD Return | +19.57% | +17.30% | |
| 1Y Return | +25.61% | +29.54% | |
| 3Y Return (annualized) | - | +21.69% | |
| 5Y Return (annualized) | - | +12.45% | |
| Volatility (annualized) | 13.8% | 13.8% | |
| Max Drawdown | -18.4% | -34.2% | |
| Fund Family | Eventide | INDEXIQ ETF TRUST | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Jul 22, 2015 |
ELCV vs HFXI Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year ELCV returned +25.61% while HFXI returned +29.54%. Year to date, ELCV is up 19.57% versus a gain of 17.30% for HFXI.
Risk: Volatility and Drawdowns
HFXI has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -34.2% for HFXI. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while HFXI charges 0.20%. On a $10,000 position that is $49 vs $20 annually, a gap of $29 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 3.39% for HFXI.
Holdings Overlap
ELCV and HFXI share 0 holdings out of 788 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 HFXI?
ELCV has an expense ratio of 0.49% while HFXI charges 0.20%. HFXI is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, ELCV or HFXI?
Over the past year ELCV returned +25.61% vs +29.54% for HFXI, so HFXI leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.37% vs +7.92% for HFXI. Past performance does not guarantee future results.
Which is riskier, ELCV or HFXI?
HFXI has been the more volatile fund at 13.8% annualized versus 13.8% for ELCV. Worst drawdown: ELCV -18.4% vs HFXI -34.2%.
Should I hold both ELCV and HFXI?
ELCV and HFXI have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and HFXI?
ELCV and HFXI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 788 unique securities.
Which pays a higher dividend, ELCV or HFXI?
ELCV yields 2.15% while HFXI yields 3.39%, so HFXI currently pays the higher dividend yield.
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