ELCV vs MFEM
Eventide High Dividend ETF vs PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
Quick Verdict
MFEM delivered stronger 1-year returns. MFEM offers more diversification with 701 holdings.
Side-by-Side Comparison
| Metric | ELCV | MFEM | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.49% | |
| AUM | $262M | $156M | |
| Dividend Yield | 2.15% | 2.39% | |
| Holdings | 47 | 701 | |
| YTD Return | +19.57% | +21.80% | |
| 1Y Return | +25.61% | +33.81% | |
| 3Y Return (annualized) | - | +20.43% | |
| 5Y Return (annualized) | - | +8.97% | |
| Volatility (annualized) | 13.8% | 17.7% | |
| Max Drawdown | -18.4% | -45.3% | |
| Fund Family | Eventide | PIMCO (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Aug 31, 2017 |
ELCV vs MFEM Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) is a ETF from PIMCO (US). Over the past year ELCV returned +25.61% while MFEM returned +33.81%. Year to date, ELCV is up 19.57% versus a gain of 21.80% for MFEM.
Risk: Volatility and Drawdowns
MFEM has been the more volatile fund, with annualized monthly volatility of 17.7% 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 -45.3% for MFEM. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while MFEM charges 0.49%. On a $10,000 position that is $49 vs $49 annually. On income, ELCV currently yields 2.15% against 2.39% for MFEM.
Holdings Overlap
ELCV and MFEM share 0 holdings out of 549 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 MFEM?
ELCV has an expense ratio of 0.49% while MFEM charges 0.49%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, ELCV or MFEM?
Over the past year ELCV returned +25.61% vs +33.81% for MFEM, so MFEM leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.37% vs +6.84% for MFEM. Past performance does not guarantee future results.
Which is riskier, ELCV or MFEM?
MFEM has been the more volatile fund at 17.7% annualized versus 13.8% for ELCV. Worst drawdown: ELCV -18.4% vs MFEM -45.3%.
Should I hold both ELCV and MFEM?
ELCV and MFEM have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and MFEM?
ELCV and MFEM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 549 unique securities.
Which pays a higher dividend, ELCV or MFEM?
ELCV yields 2.15% while MFEM yields 2.39%, so MFEM currently pays the higher dividend yield.
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