ELCV vs IG
ELCV vs IG
Eventide High Dividend ETF vs Principal Investment Grade Corporate ETF
Quick Verdict
IG has a lower expense ratio. ELCV delivered stronger 1-year returns. IG offers more diversification with 145 holdings.
Side-by-Side Comparison
| Metric | ELCV | IG | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.19% | |
| AUM | $251M | $198M | |
| Dividend Yield | 2.06% | 5.07% | |
| Holdings | 47 | 248 | |
| YTD Return | +18.65% | -1.54% | |
| 1Y Return | +25.13% | +0.84% | |
| 3Y Return (annualized) | - | +4.56% | |
| 5Y Return (annualized) | - | -0.69% | |
| Volatility (annualized) | 13.8% | 8.0% | |
| Max Drawdown | -18.4% | -23.8% | |
| Fund Family | Eventide | Principal Funds | |
| Category | Equity | Fixed Income | |
| Inception | Sep 30, 2024 | Apr 18, 2018 |
ELCV vs IG Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Principal Investment Grade Corporate ETF (IG) is a ETF from Principal Funds. Over the past year ELCV returned +25.13% while IG returned +0.84%. Year to date, ELCV is up 18.65% versus a loss of 1.54% for IG.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 8.0% for IG. 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 -23.8% for IG. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while IG charges 0.19%. On a $10,000 position that is $49 vs $19 annually, a gap of $30 per year that compounds over a long holding period. On income, ELCV currently yields 2.06% against 5.07% for IG.
Holdings Overlap
ELCV and IG share 0 holdings out of 191 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 IG?
ELCV has an expense ratio of 0.49% while IG charges 0.19%. IG is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, ELCV or IG?
Over the past year ELCV returned +25.13% vs +0.84% for IG, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.23% vs +0.59% for IG. Past performance does not guarantee future results.
Which is riskier, ELCV or IG?
ELCV has been the more volatile fund at 13.8% annualized versus 8.0% for IG. Worst drawdown: ELCV -18.4% vs IG -23.8%.
Should I hold both ELCV and IG?
ELCV and IG have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and IG?
ELCV and IG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 191 unique securities.
Which pays a higher dividend, ELCV or IG?
ELCV yields 2.06% while IG yields 5.07%, so IG currently pays the higher dividend yield.
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