^GSPC vs. ETV
Compare and contrast key facts about S&P 500 (^GSPC) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GSPC or ETV.
Correlation
The correlation between ^GSPC and ETV is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^GSPC vs. ETV - Performance Comparison
Key characteristics
^GSPC:
2.10
ETV:
2.18
^GSPC:
2.80
ETV:
2.97
^GSPC:
1.39
ETV:
1.40
^GSPC:
3.09
ETV:
1.92
^GSPC:
13.49
ETV:
13.61
^GSPC:
1.94%
ETV:
1.88%
^GSPC:
12.52%
ETV:
11.72%
^GSPC:
-56.78%
ETV:
-52.11%
^GSPC:
-2.62%
ETV:
-1.85%
Returns By Period
In the year-to-date period, ^GSPC achieves a 24.34% return, which is significantly lower than ETV's 25.91% return. Over the past 10 years, ^GSPC has outperformed ETV with an annualized return of 11.06%, while ETV has yielded a comparatively lower 8.69% annualized return.
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
ETV
25.91%
1.13%
12.22%
25.20%
8.22%
8.69%
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Risk-Adjusted Performance
^GSPC vs. ETV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^GSPC vs. ETV - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, which is greater than ETV's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ^GSPC and ETV. For additional features, visit the drawdowns tool.
Volatility
^GSPC vs. ETV - Volatility Comparison
S&P 500 (^GSPC) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) have volatilities of 3.79% and 3.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.