ELCV vs TLTP
Eventide High Dividend ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
TLTP has a lower expense ratio. ELCV delivered stronger 1-year returns. ELCV offers more diversification with 47 holdings.
Side-by-Side Comparison
| Metric | ELCV | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.39% | |
| AUM | $262M | $25M | |
| Dividend Yield | 2.15% | 15.05% | |
| Holdings | 47 | 5 | |
| YTD Return | +19.57% | -8.91% | |
| 1Y Return | +25.61% | -6.89% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 13.8% | 8.7% | |
| Max Drawdown | -18.4% | -13.3% | |
| Fund Family | Eventide | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | Sep 30, 2024 | Oct 29, 2024 |
ELCV vs TLTP Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year ELCV returned +25.61% while TLTP returned -6.89%. Year to date, ELCV is up 19.57% versus a loss of 8.91% for TLTP.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 8.7% for TLTP. 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 -13.3% for TLTP. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while TLTP 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 2.15% against 15.05% for TLTP.
Holdings Overlap
ELCV and TLTP share 0 holdings out of 49 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 TLTP?
ELCV has an expense ratio of 0.49% while TLTP charges 0.39%. TLTP is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, ELCV or TLTP?
Over the past year ELCV returned +25.61% vs -6.89% for TLTP, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.37% vs -5.03% for TLTP. Past performance does not guarantee future results.
Which is riskier, ELCV or TLTP?
ELCV has been the more volatile fund at 13.8% annualized versus 8.7% for TLTP. Worst drawdown: ELCV -18.4% vs TLTP -13.3%.
Should I hold both ELCV and TLTP?
ELCV and TLTP have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and TLTP?
ELCV and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 49 unique securities.
Which pays a higher dividend, ELCV or TLTP?
ELCV yields 2.15% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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