Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BRK-B Berkshire Hathaway Inc. | Financial Services | 12% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | Financial Services | 78% |
SCHD Schwab U.S. Dividend Equity ETF | Dividend | 5% |
VIG Vanguard Dividend Appreciation ETF | Dividend | 5% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in . a APR 2025 ETV, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Oct 20, 2011, corresponding to the inception date of SCHD
Returns By Period
As of Apr 2, 2026, the . a APR 2025 ETV returned -2.10% Year-To-Date and 9.66% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio . a APR 2025 ETV | -0.70% | -4.78% | -2.10% | 0.16% | 9.32% | 13.10% | 7.82% | 9.66% |
| Portfolio components: | ||||||||
BRK-B Berkshire Hathaway Inc. | -0.24% | -0.83% | -5.03% | -3.74% | -11.23% | 15.44% | 13.08% | 12.79% |
SCHD Schwab U.S. Dividend Equity ETF | 0.16% | -2.44% | 12.35% | 13.88% | 13.89% | 11.70% | 8.35% | 12.30% |
VIG Vanguard Dividend Appreciation ETF | 0.16% | -3.69% | -1.33% | 0.36% | 12.71% | 13.72% | 9.86% | 12.36% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | -0.87% | -5.63% | -2.67% | -0.19% | 12.05% | 12.44% | 6.47% | 8.53% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 21, 2011, . a APR 2025 ETV's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, your investment would double in approximately 5.9 years.
Historically, 70% of months were positive and 30% were negative. The best month was Jul 2022 with a return of +11.5%, while the worst month was Mar 2020 at -10.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, . a APR 2025 ETV closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +14.1%, while the worst single day was Mar 12, 2020 at -14.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.12% | 1.43% | -5.56% | 0.07% | -2.10% | ||||||||
| 2025 | 1.32% | 0.61% | -4.62% | -1.14% | 3.89% | 1.99% | -0.20% | 2.85% | 2.07% | 1.58% | 1.41% | -0.54% | 9.34% |
| 2024 | 2.21% | 5.01% | 1.08% | -2.08% | 3.69% | 4.25% | 1.25% | 2.40% | 1.25% | 0.06% | 5.72% | -0.87% | 26.43% |
| 2023 | 5.95% | -0.43% | -1.38% | -0.30% | -0.86% | 5.54% | 4.17% | -2.46% | -4.76% | -4.48% | 10.30% | 0.05% | 10.71% |
| 2022 | -4.92% | 0.06% | 3.16% | -6.35% | -0.55% | -6.15% | 11.46% | -2.07% | -9.49% | 9.60% | -2.52% | -6.59% | -15.43% |
| 2021 | -2.34% | 2.47% | 4.56% | 3.94% | 2.26% | 0.89% | 1.65% | 1.37% | -3.05% | 4.50% | -1.88% | 4.89% | 20.55% |
Benchmark Metrics
. a APR 2025 ETV has an annualized alpha of 1.63%, beta of 0.82, and R² of 0.71 versus S&P 500 Index. Calculated based on daily prices since October 21, 2011.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.83%) than losses (83.81%) — typical of diversified or defensive assets.
- Alpha
- 1.63%
- Beta
- 0.82
- R²
- 0.71
- Upside Capture
- 84.83%
- Downside Capture
- 83.81%
Expense Ratio
. a APR 2025 ETV has an expense ratio of 0.00%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
. a APR 2025 ETV ranks 14 for risk / return — in the bottom 14% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.88 | -0.35 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.37 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.39 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.01 | 6.43 | -2.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 15 | -0.62 | -0.73 | 0.90 | -0.70 | -1.19 |
SCHD Schwab U.S. Dividend Equity ETF | 40 | 0.89 | 1.34 | 1.19 | 1.09 | 3.69 |
VIG Vanguard Dividend Appreciation ETF | 43 | 0.84 | 1.28 | 1.19 | 1.24 | 5.41 |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 61 | 0.62 | 1.01 | 1.16 | 0.95 | 4.74 |
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Dividends
Dividend yield
. a APR 2025 ETV provided a 7.04% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 7.04% | 6.74% | 6.65% | 7.47% | 8.51% | 6.41% | 7.00% | 7.17% | 7.95% | 6.97% | 7.24% | 7.04% |
| Portfolio components: | ||||||||||||
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.45% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
VIG Vanguard Dividend Appreciation ETF | 1.60% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.70% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the . a APR 2025 ETV. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the . a APR 2025 ETV was 39.83%, occurring on Mar 23, 2020. Recovery took 110 trading sessions.
The current . a APR 2025 ETV drawdown is 5.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.83% | Jan 21, 2020 | 44 | Mar 23, 2020 | 110 | Aug 27, 2020 | 154 |
| -20.04% | Sep 21, 2018 | 65 | Dec 24, 2018 | 77 | Apr 16, 2019 | 142 |
| -18.11% | Jan 4, 2022 | 248 | Dec 28, 2022 | 288 | Feb 22, 2024 | 536 |
| -16.87% | Feb 19, 2025 | 34 | Apr 7, 2025 | 87 | Aug 12, 2025 | 121 |
| -12.11% | Dec 30, 2015 | 14 | Jan 20, 2016 | 48 | Mar 30, 2016 | 62 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 1.59, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | BRK-B | ETV | SCHD | VIG | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.68 | 0.70 | 0.82 | 0.93 | 0.78 |
| BRK-B | 0.68 | 1.00 | 0.46 | 0.72 | 0.71 | 0.61 |
| ETV | 0.70 | 0.46 | 1.00 | 0.55 | 0.64 | 0.98 |
| SCHD | 0.82 | 0.72 | 0.55 | 1.00 | 0.89 | 0.67 |
| VIG | 0.93 | 0.71 | 0.64 | 0.89 | 1.00 | 0.74 |
| Portfolio | 0.78 | 0.61 | 0.98 | 0.67 | 0.74 | 1.00 |