EVENTIDE MULTI-ASSET Correlations

ETIMX Fund

USD 14.63 0.17 1.18%

Low or negative correlation with other holdings can meaningfully reduce portfolio drawdowns during market stress. Current 90-days correlation between Eventide Multi Asset and Victory Rs Small is -0.21 (i.e., Strong inverse diversification).

Market Correlation Profile: EVENTIDE MULTI-ASSET

Moderate diversification

EVENTIDE MULTI-ASSET currently posts a 0.29 correlation with Dow Jones, indicating a Moderate diversification relationship for the active sample. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Diversification context is available through Investing Opportunities. Allocation context can improve visibility into portfolio balance. Including Eventide Multi Asset Income in a portfolio enables allocation and risk analysis. Each holding is sized according to the methodology applied during portfolio construction. Broader economic conditions can influence Eventide Multi Asset Income's mutual fund valuation — related indicators include signals in state.

Moving together with EVENTIDE Mutual Fund

0.8	ABALX	American Balanced	Pair Corr
0.78	BALCX	American Balanced	Pair Corr
0.8	BALFX	American Balanced	Pair Corr
0.79	FBONX	American Funds American	Pair Corr
0.79	FBAFX	American Funds American	Pair Corr
0.78	RLBCX	American Balanced	Pair Corr
0.78	RLBBX	American Balanced	Pair Corr
0.8	CLBAX	American Balanced	Pair Corr
0.79	CLBEX	American Balanced	Pair Corr
0.79	RLBFX	American Balanced	Pair Corr
0.76	PDI	PIMCO Dynamic Income Sell-off Trend	Pair Corr
0.76	AMFAX	Asg Managed Futures	Pair Corr
0.9	CCCFX	Campbell Core Carry	Pair Corr
0.93	BTMSX	Baird Short Term	Pair Corr
0.86	TRRPX	TIAA Cref Real	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.79	WMT	Walmart Common Stock	Pair Corr
0.73	T	ATT Inc Aggressive Push	Pair Corr
0.89	MRK	Merck Company	Pair Corr
0.76	MCD	McDonalds Sell-off Trend	Pair Corr
0.93	DD	Dupont De Nemours	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.61	GE	GE Aerospace	Pair Corr
0.87	KO	Coca Cola	Pair Corr

Moving against EVENTIDE Mutual Fund

0.85	UIPIX	Ultrashort Mid Cap	Pair Corr
0.74	TCTGX	Transamerica Cleartrack	Pair Corr
0.74	TDKTX	Cleartrack 2015 Class	Pair Corr
0.74	TCTJX	Transamerica Cleartrack	Pair Corr
0.74	TCSUX	Cleartrack 2020 Class	Pair Corr
0.61	CESGX	Coho Relative Value	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.69	IBM	International Business	Pair Corr
0.52	DIS	Walt Disney	Pair Corr
0.43	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	ETNMX	NCZ	HIX	ARMZX	VKI	XFLT	TEPFX	TSSCX	MFVZX	RSEGX
ETNMX		0.9	0.64	0.79	0.7	-0.27	0.95	0.93	0.64	0.1	ETNMX
NCZ	0.9		0.78	0.65	0.56	-0.15	0.86	0.82	0.48	0.26	NCZ
HIX	0.64	0.78		0.22	0.22	0.31	0.51	0.57	0.18	0.59	HIX
ARMZX	0.79	0.65	0.22		0.71	-0.61	0.9	0.8	0.78	-0.29	ARMZX
VKI	0.7	0.56	0.22	0.71		-0.47	0.74	0.78	0.67	-0.21	VKI
XFLT	-0.27	-0.15	0.31	-0.61	-0.47		-0.41	-0.26	-0.54	0.63	XFLT
TEPFX	0.95	0.86	0.51	0.9	0.74	-0.41		0.94	0.69	-0.01	TEPFX
TSSCX	0.93	0.82	0.57	0.8	0.78	-0.26	0.94		0.65	0.05	TSSCX
MFVZX	0.64	0.48	0.18	0.78	0.67	-0.54	0.69	0.65		-0.19	MFVZX
RSEGX	0.1	0.26	0.59	-0.29	-0.21	0.63	-0.01	0.05	-0.19		RSEGX
	ETNMX	NCZ	HIX	ARMZX	VKI	XFLT	TEPFX	TSSCX	MFVZX	RSEGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TEPFX	+ 0.95	ETNMX
TSSCX	+ 0.94	TEPFX
TSSCX	+ 0.93	ETNMX
NCZ	+ 0.9	ETNMX
TEPFX	+ 0.9	ARMZX
TEPFX	+ 0.86	NCZ

High negative correlations

XFLT	- 0.61	ARMZX
MFVZX	- 0.54	XFLT
XFLT	- 0.47	VKI
TEPFX	- 0.41	XFLT
RSEGX	- 0.29	ARMZX
XFLT	- 0.27	ETNMX

Risk-Adjusted Indicators

Return momentum in EVENTIDE Mutual Fund is more useful when tested against peer-relative fundamentals and risk. Without risk-adjusted context, investors may overweight short-term returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ETNMX	0.40	0.07	0.13	0.06	0.65	-0.37	0.81	-1.12	2.73
NCZ	0.73	0.09	0.11	0.06	0.92	-0.83	1.39	-1.62	5.64
HIX	0.59	0.01	0.07	-0.03	0.78	-0.67	1.47	-1.26	4.11
ARMZX	0.04	0.01	0.61	0.24	0.00	-0.16	0.11	-0.11	0.44
VKI	0.53	0.01	0.06	-0.03	0.94	-0.54	1.02	-1.34	5.49
XFLT	11.87	5.04	0.34	0.36	10.04	-21.08	3.04	-3.75	85.06
TEPFX	0.06	0.00	0.32	-0.33	0.00	-0.10	0.10	-0.20	0.31
TSSCX	0.08	-0.01	0.25	-0.27	0.12	-0.12	0.21	-0.28	0.78
MFVZX	0.42	0.04	0.21	-1.57	0.41	-0.49	0.96	-0.84	2.19
RSEGX	1.05	-0.12	0.00	0.46	0.00	0.00	1.76	-2.73	6.31

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