ETY Alternatives & Similar Mutual Funds

Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) belongs to the Derivative Income category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ETY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ETY

ETY charges 1.06% annually. There are 13 mutual funds in the Derivative Income category with lower expense ratios, going as low as 0.45%.

Symbol	Name	Expense Ratio	AUM	Inception
USG	USCF Gold Strategy Plus Income Fund	0.45%	8.86M	Nov 2021	ETY vs USG
JEPIX	JPMorgan Equity Premium Income Fund Class I	0.59%	—	Aug 2018	ETY vs JEPIX
EQTIX	Shelton Equity Income Fund	0.72%	—	Sep 1996	ETY vs EQTIX
ENHNX	Cullen Enhanced Equity Income Fund	0.75%	—	Dec 2015	ETY vs ENHNX
JEPAX	JPMorgan Equity Premium Income Fund Class A	0.85%	—	Aug 2018	ETY vs JEPAX

Best Risk-Adjusted Alternatives to ETY

ETY has a PortfoliosLab risk / return rank of 5. There are 22 mutual funds in the Derivative Income category with higher risk-adjusted ranks, going as high as 86.

Symbol	Name	Risk / Return Rank	AUM	Inception
TCBIX	The Covered Bridge Fund	86	—	Sep 2013	ETY vs TCBIX
BMCIX	BlackRock High Equity Income Fund	81	—	Apr 1998	ETY vs BMCIX
GIDHX	Goldman Sachs International Equity Dividend and Pr...	78	—	Jan 2008	ETY vs GIDHX
BMEAX	BlackRock High Equity Income Fund Class A	78	—	May 1998	ETY vs BMEAX
NIE	Virtus Equity & Convertible Income Fund	66	—	Feb 2007	ETY vs NIE

Top Performing ETY Alternatives (YTD)

ETY is at -0.36% YTD. There are 21 mutual funds in the Derivative Income category with higher YTD returns, going as high as 13.67%.

Symbol	Name	YTD Return	AUM	Inception
BMCIX	BlackRock High Equity Income Fund	13.67%	—	Apr 1998	ETY vs BMCIX
BMEAX	BlackRock High Equity Income Fund Class A	12.83%	—	May 1998	ETY vs BMEAX
GIDHX	Goldman Sachs International Equity Dividend and Pr...	12.28%	—	Jan 2008	ETY vs GIDHX
ENHNX	Cullen Enhanced Equity Income Fund	11.84%	—	Dec 2015	ETY vs ENHNX
ECAT	BlackRock ESG Capital Allocation Term Trust	11.70%	—	Sep 2021	ETY vs ECAT

Lowest Volatility Alternatives to ETY

ETY has 13.85% 1-year volatility. There are 16 mutual funds in the Derivative Income category with lower 1-year volatility, going as low as 8.77%.

Symbol	Name	Volatility 1Y	AUM	Inception
TCBIX	The Covered Bridge Fund	8.77%	—	Sep 2013	ETY vs TCBIX
JEPIX	JPMorgan Equity Premium Income Fund Class I	8.83%	—	Aug 2018	ETY vs JEPIX
JEPAX	JPMorgan Equity Premium Income Fund Class A	8.90%	—	Aug 2018	ETY vs JEPAX
SCJIX	Crossmark Steward Covered Call Income Fund	9.29%	—	Dec 2017	ETY vs SCJIX
MENYX	Madison Covered Call & Equity Income Fund	9.51%	—	Oct 2009	ETY vs MENYX

Lowest Drawdown Alternatives to ETY

ETY has a 1-year max drawdown of -14.40%. There are 19 mutual funds in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -5.26%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TCBIX	The Covered Bridge Fund	-5.26%	—	Sep 2013	ETY vs TCBIX
ENHNX	Cullen Enhanced Equity Income Fund	-6.34%	—	Dec 2015	ETY vs ENHNX
SCAUX	Invesco Income Advantage U.S. Fund	-7.05%	—	Mar 2006	ETY vs SCAUX
EQTIX	Shelton Equity Income Fund	-7.10%	—	Sep 1996	ETY vs EQTIX
JEPIX	JPMorgan Equity Premium Income Fund Class I	-7.41%	—	Aug 2018	ETY vs JEPIX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	54	7.51%	—	Jan 2004	ETY vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.55%	—	Aug 2010	ETY vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	64	8.50%	—	Feb 2007	ETY vs EXG
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	93	2.33%	—	Apr 2009	ETY vs ESIIX
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	81	1.48%	—	Oct 2011	ETY vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.57%	—	Feb 2013	ETY vs EELDX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	66	0.25%	—	Jun 1993	ETY vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	49	6.48%	—	Sep 2011	ETY vs EIRAX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	5.42%	—	Jun 2007	ETY vs EIGMX
EIPCX	Parametric Commodity Strategy Fund Class I	Commodities	86	19.91%	—	May 2011	ETY vs EIPCX

Often Compared With ETY

Investors most often compare ETY with CII, ADX, EVT. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CII	BlackRock Enhanced Large Cap Core Fund, Inc.		89	9.34%	—	Apr 2004	ETY vs CII
ADX	Adams Diversified Equity Fund, Inc.	Large Cap Blend Equities	88	18.11%	—	Jan 1990	ETY vs ADX
EVT	Eaton Vance Tax-Advantaged Dividend Income Fund	Dividend	90	18.54%	—	Sep 2003	ETY vs EVT
EOI	Eaton Vance Enhanced Equity Income Fund	Derivative Income, Large Cap Blend Equities	8	1.63%	—	Oct 2004	ETY vs EOI
VOO	Vanguard S&P 500 ETF	S&P 500	78	11.72%	1.70T	Sep 2010	ETY vs VOO
SPMO	Invesco S&P 500 Momentum ETF	Momentum, S&P 500	51	22.35%	21.05B	Oct 2015	ETY vs SPMO
BST	BlackRock Science and Technology Trust		84	22.43%	—	—	ETY vs BST
SPY	State Street SPDR S&P 500 ETF	S&P 500	78	11.70%	789.06B	Jan 1993	ETY vs SPY
EOS-USD	EOS		8	-59.56%	—	—	ETY vs EOS-USD
NBXG	Neuberger Berman Next Generation Connectivity Fund	Technology Equities	16	11.22%	—	May 2021	ETY vs NBXG
EIHMX	Eaton Vance National Municipal Income Fund Class I	Municipal Bonds	79	1.00%	—	Dec 1993	ETY vs EIHMX
SOR	Source Capital, Inc.		71	5.94%	—	—	ETY vs SOR
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	4	4.56%	—	Apr 2002	ETY vs EISMX
IDVO	Amplify CWP International Enhanced Dividend Income...	Derivative Income, Dividend, Foreign Large Cap Equities	86	15.22%	1.35B	Sep 2022	ETY vs IDVO
EILTX	Parametric TABS 5-to-15 Year Laddered Municipal Bo...	Municipal Bonds	40	-0.99%	—	Jan 2010	ETY vs EILTX
EVV	Eaton Vance Limited Duration Income Fund	Short-Term Bond	4	-2.68%	—	May 2003	ETY vs EVV
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	88	18.04%	—	Sep 1931	ETY vs EHSTX
ETJ	Eaton Vance Risk-Managed Diversified Equity Income...	Global Equity Income	9	1.54%	—	Jul 2007	ETY vs ETJ
IUKD.L	iShares UK Dividend UCITS ETF	Dividend	88	15.59%	1.34B	Nov 2005	ETY vs IUKD.L
ETEGX	Eaton Vance Small-Cap Fund	Small Cap Growth Equities	10	8.76%	—	Jan 1997	ETY vs ETEGX

Compare ETY with Any Fund or Stock

Compare ETY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ETY with funds that move differently

Eaton Vance Tax Managed Diversified Equity Income Closed Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ETY.

Explore ETY Diversifiers

Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) Alternatives