ELCV vs SPGM
Eventide High Dividend ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. ELCV delivered stronger 1-year returns. SPGM offers more diversification with 2,985 holdings.
Side-by-Side Comparison
| Metric | ELCV | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $262M | $1.8B | |
| Dividend Yield | 2.15% | 1.81% | |
| Holdings | 47 | 2,985 | |
| YTD Return | +19.72% | +13.82% | |
| 1Y Return | +25.23% | +24.44% | |
| 3Y Return (annualized) | - | +21.66% | |
| 5Y Return (annualized) | - | +11.73% | |
| Volatility (annualized) | 13.8% | 13.6% | |
| Max Drawdown | -18.4% | -34.0% | |
| Fund Family | Eventide | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Feb 27, 2012 |
ELCV vs SPGM Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year ELCV returned +25.23% while SPGM returned +24.44%. Year to date, ELCV is up 19.72% versus a gain of 13.82% for SPGM.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 13.6% for SPGM. 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 -34.0% for SPGM. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while SPGM charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 1.81% for SPGM.
Holdings Overlap
ELCV and SPGM share 35 holdings out of 2857 unique holdings combined, representing a 8.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or SPGM?
ELCV has an expense ratio of 0.49% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, ELCV or SPGM?
Over the past year ELCV returned +25.23% vs +24.44% for SPGM, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.47% vs +9.83% for SPGM. Past performance does not guarantee future results.
Which is riskier, ELCV or SPGM?
ELCV has been the more volatile fund at 13.8% annualized versus 13.6% for SPGM. Worst drawdown: ELCV -18.4% vs SPGM -34.0%.
Should I hold both ELCV and SPGM?
ELCV and SPGM have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and SPGM?
ELCV and SPGM share 35 common holdings with a 8.9% weight overlap. Combined, they hold 2857 unique securities.
Which pays a higher dividend, ELCV or SPGM?
ELCV yields 2.15% while SPGM yields 1.81%, so ELCV currently pays the higher dividend yield.
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