ELCV vs VGI
Eventide High Dividend ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
ELCV has a lower expense ratio. ELCV delivered stronger 1-year returns. VGI offers more diversification with 434 holdings.
Side-by-Side Comparison
| Metric | ELCV | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 1.74% | |
| AUM | $251M | $88M | |
| Dividend Yield | 2.06% | 11.98% | |
| Holdings | 47 | 646 | |
| YTD Return | +19.84% | +1.88% | |
| 1Y Return | +26.62% | +4.88% | |
| 3Y Return (annualized) | - | +11.30% | |
| 5Y Return (annualized) | - | +2.33% | |
| Volatility (annualized) | 13.8% | 14.2% | |
| Max Drawdown | -18.4% | -63.3% | |
| Fund Family | Eventide | Virtus Investment Partners | |
| Category | Equity | Fixed Income | |
| Inception | Sep 30, 2024 | Feb 23, 2012 |
ELCV vs VGI Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year ELCV returned +26.62% while VGI returned +4.88%. Year to date, ELCV is up 19.84% versus a gain of 1.88% for VGI.
Risk: Volatility and Drawdowns
VGI has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -63.3% for VGI. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ELCV charges 0.49% per year while VGI charges 1.74%. On a $10,000 position that is $49 vs $174 annually, a gap of $125 per year that compounds over a long holding period. On income, ELCV currently yields 2.06% against 11.98% for VGI.
Holdings Overlap
ELCV and VGI share 0 holdings out of 480 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 VGI?
ELCV has an expense ratio of 0.49% while VGI charges 1.74%. ELCV is the cheaper option. On a $10,000 investment, that is $125 per year of difference.
Which performed better, ELCV or VGI?
Over the past year ELCV returned +26.62% vs +4.88% for VGI, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.75% vs -2.35% for VGI. Past performance does not guarantee future results.
Which is riskier, ELCV or VGI?
VGI has been the more volatile fund at 14.2% annualized versus 13.8% for ELCV. Worst drawdown: ELCV -18.4% vs VGI -63.3%.
Should I hold both ELCV and VGI?
ELCV and VGI have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and VGI?
ELCV and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 480 unique securities.
Which pays a higher dividend, ELCV or VGI?
ELCV yields 2.06% while VGI yields 11.98%, so VGI currently pays the higher dividend yield.
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