ELCV vs PHDG
ELCV vs PHDG
Eventide High Dividend ETF vs Invesco S&P 500 Downside Hedged ETF
Quick Verdict
PHDG has a lower expense ratio. ELCV delivered stronger 1-year returns. PHDG offers more diversification with 494 holdings.
Side-by-Side Comparison
| Metric | ELCV | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.39% | |
| AUM | $251M | $61M | |
| Dividend Yield | 2.06% | 1.68% | |
| Holdings | 47 | 514 | |
| YTD Return | +18.65% | +13.02% | |
| 1Y Return | +25.13% | +18.49% | |
| 3Y Return (annualized) | - | +9.60% | |
| 5Y Return (annualized) | - | +4.75% | |
| Volatility (annualized) | 13.8% | 9.9% | |
| Max Drawdown | -18.4% | -23.6% | |
| Fund Family | Eventide | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Dec 5, 2012 |
ELCV vs PHDG Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year ELCV returned +25.13% while PHDG returned +18.49%. Year to date, ELCV is up 18.65% versus a gain of 13.02% for PHDG.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 9.9% for PHDG. 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 -23.6% for PHDG. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while PHDG charges 0.39%. On a $10,000 position that is $49 vs $39 annually, a gap of $10 per year that compounds over a long holding period. On income, ELCV currently yields 2.06% against 1.68% for PHDG.
Holdings Overlap
ELCV and PHDG share 38 holdings out of 502 unique holdings combined, representing a 10.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ELCV | Weight in PHDG | Difference |
|---|---|---|---|
| PLD | 5.35% | 0.16% | 5.19% |
| ETR | 4.94% | 0.06% | 4.88% |
| AVGO | 2.79% | 2.12% | 0.67% |
| XOM | Pro | Pro | Pro |
| WMB | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| GEV | Pro | Pro | Pro |
See all 10 holdings ELCV shares with PHDG Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ELCV or PHDG?
ELCV has an expense ratio of 0.49% while PHDG charges 0.39%. PHDG is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, ELCV or PHDG?
Over the past year ELCV returned +25.13% vs +18.49% for PHDG, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.23% vs +4.45% for PHDG. Past performance does not guarantee future results.
Which is riskier, ELCV or PHDG?
ELCV has been the more volatile fund at 13.8% annualized versus 9.9% for PHDG. Worst drawdown: ELCV -18.4% vs PHDG -23.6%.
Should I hold both ELCV and PHDG?
ELCV and PHDG have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and PHDG?
ELCV and PHDG share 38 common holdings with a 10.1% weight overlap. Combined, they hold 502 unique securities.
Which pays a higher dividend, ELCV or PHDG?
ELCV yields 2.06% while PHDG yields 1.68%, so ELCV currently pays the higher dividend yield.
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