- ISIN
- US27828N1028
- CUSIP
- 27828N102
- Issuer
- Eaton Vance
- Inception Date
- Nov 27, 2006
- Category
- Large Cap Growth Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ETY Performance Chart
Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) is down 0.6% since the beginning of the year. ETY is currently trading at $15 per share. Investors who bought $1,000 worth of ETY shares 5 years ago would now be looking at an investment worth $1,595.
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Returns By Period
Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) has returned -0.63% so far this year and 6.12% over the past 12 months. Over the last ten years, ETY has returned 12.47% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Eaton Vance Tax Managed Diversified Equity Income Closed Fund
- 1D
- -0.47%
- 1M
- -0.48%
- YTD
- -0.63%
- 6M
- -2.04%
- 1Y
- 6.12%
- 3Y*
- 16.76%
- 5Y*
- 9.79%
- 10Y*
- 12.47%
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%
ETY Monthly Returns History
Based on dividend-adjusted daily data since Nov 28, 2006, ETY's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +16.9%, while the worst month was Sep 2008 at -15.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ETY closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +15.3%, while the worst single day was Nov 20, 2008 at -15.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.25% | -1.64% | -6.99% | 10.18% | 0.00% | -1.67% | -0.63% | ||||||
| 2025 | 3.23% | -0.74% | -5.03% | -2.09% | 8.74% | 4.02% | 2.07% | 1.59% | 1.01% | 0.19% | -0.12% | -1.72% | 11.02% |
| 2024 | 2.23% | 5.91% | 3.16% | -1.33% | 5.04% | 3.74% | 0.06% | 2.65% | 3.66% | -0.22% | 4.90% | -0.53% | 33.11% |
| 2023 | 7.95% | 1.28% | 0.36% | 0.61% | 0.42% | 7.84% | 0.64% | -1.58% | -4.61% | -3.91% | 8.47% | 3.48% | 21.83% |
| 2022 | -5.63% | -2.76% | 3.17% | -8.75% | -0.63% | -8.47% | 10.92% | 4.35% | -15.28% | 11.41% | 0.34% | -8.54% | -21.21% |
| 2021 | -1.30% | 3.43% | 4.17% | 5.52% | 2.81% | 3.48% | 2.24% | 2.76% | -3.82% | 5.40% | 0.63% | 3.66% | 32.61% |
Benchmark Metrics
Eaton Vance Tax Managed Diversified Equity Income Closed Fund has an annualized alpha of 1.27%, beta of 0.88, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since November 29, 2006.
- This fund participated in 95.52% of S&P 500 Index downside but only 93.37% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.88 and R2 of 0.64, 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
- 1.27%
- Beta
- 0.88
- R²
- 0.64
- Upside Capture
- 93.37%
- Downside Capture
- 95.52%
Expense Ratio
ETY has a high expense ratio of 1.06%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ETY ranks 6 for risk / return — in the bottom 6% of mutual funds 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
The table below present risk-adjusted performance metrics for Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) and compare them to S&P 500 Index.
| ETY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.93 | -2.50 |
| Martin ratioReturn relative to average drawdown | 1.64 | 13.52 | -11.88 |
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 Managed Diversified Equity Income Closed Fund provided a 8.08% dividend yield over the last twelve months, with an annual payout of $1.19 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 | $1.19 | $1.19 | $1.13 | $0.97 | $1.09 | $1.05 | $1.01 | $1.01 | $1.01 | $1.01 | $1.01 | $1.01 |
Dividend yield | 8.08% | 7.76% | 7.59% | 7.92% | 10.04% | 7.01% | 8.26% | 8.08% | 9.92% | 8.30% | 9.77% | 9.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Tax Managed Diversified Equity Income Closed 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 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.00 | $0.50 | ||||||
| 2025 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.19 |
| 2024 | $0.08 | $0.08 | $0.08 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.13 |
| 2023 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.97 |
| 2022 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.08 | $1.09 |
| 2021 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.05 |
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 Managed Diversified Equity Income Closed 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 Managed Diversified Equity Income Closed Fund was 53.06%, occurring on Nov 20, 2008. Recovery took 1048 trading sessions.
The current Eaton Vance Tax Managed Diversified Equity Income Closed Fund drawdown is 2.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.06%Nov 2008 | 1y 5mo | 4y 2mo | 5y 7moJun 2007 - Jan 2013 |
COVID crash2020 | -42.46%Mar 2020 | 1mo 9d | 7mo 29d | 9mo 8dFeb 2020 - Nov 2020 |
Rate-hike selloffLate 2018 | -24.46%Dec 2018 | 3mo 11d | 5mo 28d | 9mo 9dSep 2018 - Jun 2019 |
Bear market2022 | -24.06%Jun 2022 | 5mo 14d | 1y 7mo | 2y 1moJan 2022 - Feb 2024 |
2025 selloff2025 | -21.28%Apr 2025 | 1mo 17d | 2mo 18d | 4mo 5dFeb 2025 - Jun 2025 |
Drawdown Indicators
| ETY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.06% | -56.78% | +3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -9.10% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -21.28% | -18.90% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -25.43% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -42.46% | -33.92% | -8.54% |
Current DrawdownCurrent decline from peak | -2.82% | -0.74% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -10.72% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 1.97% | +1.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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