- ISIN
- US27828U1060
- CUSIP
- 27828U106
- Issuer
- Eaton Vance
- Inception Date
- Apr 30, 2004
- Category
- Global Equities
- Index Tracked
- MSCI World Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
ETO Performance Chart
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) is up 4.4% since the beginning of the year. ETO is currently trading at $31 per share. Investors who bought $1,000 worth of ETO shares 5 years ago would now be looking at an investment worth $1,544.
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Returns By Period
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) has returned 4.38% so far this year and 26.15% over the past 12 months. Over the last ten years, ETO has returned 12.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
- 1D
- -0.97%
- 1M
- 4.16%
- YTD
- 4.38%
- 6M
- 9.71%
- 1Y
- 26.15%
- 3Y*
- 19.70%
- 5Y*
- 9.07%
- 10Y*
- 12.48%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
ETO Monthly Returns History
Based on dividend-adjusted daily data since May 26, 2004, ETO's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, an investment would double in approximately 5.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +26.8%, while the worst month was Sep 2008 at -26.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ETO closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +21.2%, while the worst single day was Mar 18, 2020 at -17.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 0.18% | -11.20% | 12.64% | 4.38% | -0.68% | 4.38% | ||||||
| 2025 | 2.40% | -0.43% | -2.62% | -0.41% | 7.88% | 5.14% | 1.41% | 0.71% | 1.14% | 3.56% | 3.62% | 4.53% | 29.96% |
| 2024 | 1.47% | 3.18% | 2.65% | -2.45% | 4.60% | 2.17% | 1.11% | 2.40% | 2.56% | -3.66% | 3.77% | -2.85% | 15.55% |
| 2023 | 9.55% | -3.58% | 2.40% | 1.03% | -0.33% | 4.47% | 3.35% | -2.46% | -6.06% | -4.90% | 13.23% | 4.75% | 21.54% |
| 2022 | -7.04% | -4.59% | 6.34% | -17.86% | 1.71% | -10.18% | 26.78% | -14.27% | -13.83% | 10.82% | 0.23% | -4.85% | -29.96% |
| 2021 | -2.07% | 2.75% | 5.03% | 10.34% | 0.68% | 1.88% | 1.72% | 9.02% | -5.74% | 7.94% | -5.54% | 7.63% | 37.18% |
Benchmark Metrics
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund has an annualized alpha of 2.71%, beta of 0.97, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since May 27, 2004.
- This fund captured 141.42% of S&P 500 Index gains and 130.41% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.71% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.97 and R2 of 0.60, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.71%
- Beta
- 0.97
- R²
- 0.60
- Upside Capture
- 141.42%
- Downside Capture
- 130.41%
Expense Ratio
ETO has a high expense ratio of 2.56%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ETO ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) and compare them to S&P 500 Index.
| ETO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.93 | -1.21 |
| Martin ratioReturn relative to average drawdown | 7.69 | 13.52 | -5.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund provided a 6.76% dividend yield over the last twelve months, with an annual payout of $2.08 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.08 | $2.08 | $1.97 | $1.65 | $2.07 | $1.89 | $1.86 | $2.16 | $2.16 | $2.16 | $1.98 | $1.98 |
Dividend yield | 6.76% | 6.85% | 7.81% | 6.97% | 9.87% | 5.82% | 7.36% | 8.32% | 11.51% | 8.50% | 9.51% | 9.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.00 | $0.87 | ||||||
| 2025 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $2.08 |
| 2024 | $0.14 | $0.14 | $0.14 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $1.97 |
| 2023 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $1.65 |
| 2022 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.14 | $0.14 | $2.07 |
| 2021 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $1.89 |
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 Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund. 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 Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund was 72.02%, occurring on Mar 9, 2009. Recovery took 1046 trading sessions.
The current Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund drawdown is 0.97%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -72.02%Mar 2009 | 1y 4mo | 4y 1mo | 5y 6moNov 2007 - May 2013 |
COVID crash2020 | -52.03%Mar 2020 | 1mo 1d | 8mo 28d | 9mo 29dFeb 2020 - Dec 2020 |
Bear market2022 | -35.44%Oct 2022 | 11mo 4d | 2y 1mo | 3y 23dNov 2021 - Dec 2024 |
Rate-hike selloffLate 2018 | -29.78%Dec 2018 | 3mo 27d | 2mo 27d | 6mo 24dAug 2018 - Mar 2019 |
2016 bear market2016 | -24.22%Jan 2016 | 9mo 2d | 12mo 3d | 1y 9moApr 2015 - Jan 2017 |
Drawdown Indicators
| ETO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.02% | -56.78% | -15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -9.10% | -6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.24% | -18.90% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -35.44% | -25.43% | -10.01% |
Max Drawdown (10Y)Largest decline over 10 years | -52.03% | -33.92% | -18.11% |
Current DrawdownCurrent decline from peak | -0.97% | -0.74% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -12.74% | -10.72% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 1.97% | +1.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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