EVENTIDE MULTI-ASSET Correlations

ETNMX Fund

USD 14.57 -0.18 -1.22%

Low or negative correlation with other holdings can meaningfully reduce portfolio drawdowns during market stress. Current 90-days correlation between Eventide Multi Asset and Pfg Br Equity is 0.85 (i.e., Very poor diversification).

Market Correlation View for EVENTIDE MULTI-ASSET

Moderate diversification

Across the chosen horizon, EVENTIDE MULTI-ASSET and Dow Jones show a correlation of 0.24 and fall into the Moderate diversification bucket. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding EVENTIDE MULTI-ASSET alone.

Use Investing Opportunities to better understand diversified portfolio construction. Allocation decisions are shaped by the composition and weighting of holdings. Tracking Eventide Multi Asset Income in a portfolio helps measure its contribution to overall performance. Position weights are derived from the selected portfolio construction methodology. Broader economic conditions can influence Eventide Multi Asset Income's mutual fund valuation — related indicators include signals in inflation.

Moving together with EVENTIDE Mutual Fund

1.0	ETAMX	Eventide Multi Asset	Pair Corr
0.94	ETADX	Eventide Global Dividend	Pair Corr
1.0	ETCMX	Eventide Multi Asset	Pair Corr
0.85	ETIBX	Eventide Limited Term	Pair Corr
0.82	ETIRX	Eventide Core Bond	Pair Corr
1.0	ETIMX	Eventide Multi Asset	Pair Corr
0.99	ETNDX	Eventide Global Dividend	Pair Corr
0.85	ETNBX	Eventide Limited Term	Pair Corr
0.8	ETNRX	Eventide Core Bond	Pair Corr
0.7	ABALX	American Balanced	Pair Corr
0.68	BALCX	American Balanced	Pair Corr
0.69	BALFX	American Balanced	Pair Corr
0.7	FBONX	American Funds American	Pair Corr
0.7	FBAFX	American Funds American	Pair Corr
0.68	RLBCX	American Balanced	Pair Corr
0.67	RLBBX	American Balanced	Pair Corr
0.69	CLBAX	American Balanced	Pair Corr
0.68	CLBEX	American Balanced	Pair Corr
0.7	RLBFX	American Balanced	Pair Corr
0.7	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr

Moving Against EVENTIDE Mutual Fund

0.42	ETAEX	Eventide Exponential	Pair Corr
0.42	ETCEX	Eventide Exponential	Pair Corr
0.42	ETIEX	Eventide Exponential	Pair Corr
0.42	ETNEX	Eventide Exponential	Pair Corr

Related Correlations Analysis

	ETIMX	NCZ	HIX	XFLT	ARMZX	VKI	TSSCX	MFVZX	TEPFX	PFESX
ETIMX		0.85	0.54	-0.55	0.77	0.59	0.82	0.5	0.89	0.33	ETIMX
NCZ	0.85		0.78	-0.21	0.53	0.55	0.81	0.19	0.88	0.6	NCZ
HIX	0.54	0.78		0.31	0.11	0.31	0.61	-0.15	0.59	0.82	HIX
XFLT	-0.55	-0.21	0.31		-0.85	-0.45	-0.37	-0.75	-0.48	0.52	XFLT
ARMZX	0.77	0.53	0.11	-0.85		0.54	0.67	0.79	0.77	-0.17	ARMZX
VKI	0.59	0.55	0.31	-0.45	0.54		0.8	0.38	0.74	0.24	VKI
TSSCX	0.82	0.81	0.61	-0.37	0.67	0.8		0.43	0.95	0.49	TSSCX
MFVZX	0.5	0.19	-0.15	-0.75	0.79	0.38	0.43		0.49	-0.32	MFVZX
TEPFX	0.89	0.88	0.59	-0.48	0.77	0.74	0.95	0.49		0.41	TEPFX
PFESX	0.33	0.6	0.82	0.52	-0.17	0.24	0.49	-0.32	0.41		PFESX
	ETIMX	NCZ	HIX	XFLT	ARMZX	VKI	TSSCX	MFVZX	TEPFX	PFESX

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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	TSSCX
TEPFX	+ 0.89	ETIMX
TEPFX	+ 0.88	NCZ
NCZ	+ 0.85	ETIMX
TSSCX	+ 0.82	ETIMX
PFESX	+ 0.82	HIX

High negative correlations

ARMZX	- 0.85	XFLT
MFVZX	- 0.75	XFLT
XFLT	- 0.55	ETIMX
TEPFX	- 0.48	XFLT
VKI	- 0.45	XFLT
TSSCX	- 0.37	XFLT

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
ETIMX	0.43	0.08	0.13	0.06	0.69	-0.39	0.81	-1.29	2.71
NCZ	0.74	0.04	0.00	-0.02	0.00	0.00	1.39	-2.26	5.12
HIX	0.61	-0.04	0.00	-0.22	0.00	0.00	1.22	-1.52	3.85
XFLT	1.44	-0.41	0.00	-1.91	0.00	0.00	3.55	-3.09	8.57
ARMZX	0.04	0.00	0.67	-0.14	0.00	-0.17	0.11	-0.11	0.44
VKI	0.61	-0.04	0.00	-0.23	0.00	0.00	1.02	-2.43	5.49
TSSCX	0.09	-0.01	0.00	-0.54	0.00	0.00	0.21	-0.35	0.85
MFVZX	0.42	0.03	0.22	-0.31	0.41	-0.49	0.96	-0.84	2.19
TEPFX	0.06	-0.01	0.00	-0.27	0.00	0.00	0.10	-0.20	0.51
PFESX	0.67	0.00	0.00	-0.08	0.00	0.00	1.13	-1.72	4.02

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