ELCV vs TYO
ELCV vs TYO
Eventide High Dividend ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
ELCV has a lower expense ratio. ELCV delivered stronger 1-year returns. ELCV offers more diversification with 46 holdings.
Side-by-Side Comparison
| Metric | ELCV | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 1.00% | |
| AUM | $251M | $12M | |
| Dividend Yield | 2.06% | 2.62% | |
| Holdings | 47 | 6 | |
| YTD Return | +18.65% | +10.84% | |
| 1Y Return | +25.13% | +11.31% | |
| 3Y Return (annualized) | - | +6.14% | |
| 5Y Return (annualized) | - | +14.69% | |
| Volatility (annualized) | 13.8% | 19.3% | |
| Max Drawdown | -18.4% | -90.4% | |
| Fund Family | Eventide | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Sep 30, 2024 | Apr 16, 2009 |
ELCV vs TYO Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year ELCV returned +25.13% while TYO returned +11.31%. Year to date, ELCV is up 18.65% versus a gain of 10.84% for TYO.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -90.4% for TYO. 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 -0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while TYO charges 1.00%. On a $10,000 position that is $49 vs $100 annually, a gap of $51 per year that compounds over a long holding period. On income, ELCV currently yields 2.06% against 2.62% for TYO.
Holdings Overlap
ELCV and TYO 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 TYO?
ELCV has an expense ratio of 0.49% while TYO charges 1.00%. ELCV is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, ELCV or TYO?
Over the past year ELCV returned +25.13% vs +11.31% for TYO, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.23% vs -7.26% for TYO. Past performance does not guarantee future results.
Which is riskier, ELCV or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 13.8% for ELCV. Worst drawdown: ELCV -18.4% vs TYO -90.4%.
Should I hold both ELCV and TYO?
ELCV and TYO have a monthly-return correlation of -0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and TYO?
ELCV and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 49 unique securities.
Which pays a higher dividend, ELCV or TYO?
ELCV yields 2.06% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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