CAPEX vs. IOLZX

Last updated Apr 1, 2026

Compare and contrast key facts about Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and ICON Equity Fund (IOLZX).

CAPEX is managed by BlackRock. It was launched on Mar 28, 1966. IOLZX is managed by ICON Funds. It was launched on Oct 17, 2002.

Performance

CAPEX vs. IOLZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and ICON Equity Fund (IOLZX). The values are adjusted to include any dividend payments, if applicable.

CAPEX vs. IOLZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAPEX Eaton Vance Tax Managed Growth 1.0 Fund	-8.46%	16.83%	25.45%	28.62%	-19.92%	25.05%	23.49%	29.70%	-4.95%	22.72%
IOLZX ICON Equity Fund	-1.68%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	38.22%	-16.69%	26.78%

Returns By Period

In the year-to-date period, CAPEX achieves a -8.46% return, which is significantly lower than IOLZX's -1.68% return. Over the past 10 years, CAPEX has outperformed IOLZX with an annualized return of 13.40%, while IOLZX has yielded a comparatively lower 11.75% annualized return.

CAPEX

• 1D: -0.15%
• 1M: -8.01%
• YTD: -8.46%
• 6M: -6.22%
• 1Y: 11.44%
• 3Y*: 16.79%
• 5Y*: 10.42%
• 10Y*: 13.40%

IOLZX

• 1D: -0.48%
• 1M: -8.41%
• YTD: -1.68%
• 6M: 1.05%
• 1Y: 19.64%
• 3Y*: 14.40%
• 5Y*: 6.85%
• 10Y*: 11.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAPEX vs. IOLZX - Expense Ratio Comparison

CAPEX has a 0.45% expense ratio, which is lower than IOLZX's 1.04% expense ratio.

IOLZX

ICON Equity Fund

CAPEX

Eaton Vance Tax Managed Growth 1.0 Fund

Return for Risk

CAPEX vs. IOLZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAPEX

CAPEX Risk / Return Rank: 30
CAPEX Sharpe Ratio Rank: 28
CAPEX Sortino Ratio Rank: 30
CAPEX Omega Ratio Rank: 32
CAPEX Calmar Ratio Rank: 29
CAPEX Martin Ratio Rank: 33

IOLZX

IOLZX Risk / Return Rank: 39
IOLZX Sharpe Ratio Rank: 39
IOLZX Sortino Ratio Rank: 42
IOLZX Omega Ratio Rank: 39
IOLZX Calmar Ratio Rank: 42
IOLZX Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAPEX vs. IOLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and ICON Equity Fund (IOLZX). 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.

	CAPEX	IOLZX	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.84	-0.17
Sortino ratio Return per unit of downside risk	1.08	1.29	-0.21
Omega ratio Gain probability vs. loss probability	1.16	1.18	-0.02
Calmar ratio Return relative to maximum drawdown	0.83	1.09	-0.26
Martin ratio Return relative to average drawdown	3.57	3.61	-0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAPEX vs. IOLZX - Sharpe Ratio Comparison

The current CAPEX Sharpe Ratio is 0.67, which is comparable to the IOLZX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of CAPEX and IOLZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CAPEX	IOLZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.84	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.32	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.53	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.35	+0.19

Correlation

The correlation between CAPEX and IOLZX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CAPEX vs. IOLZX - Dividend Comparison

CAPEX's dividend yield for the trailing twelve months is around 3.64%, less than IOLZX's 10.87% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAPEX Eaton Vance Tax Managed Growth 1.0 Fund	3.64%	3.19%	2.40%	0.83%	0.97%	0.63%	0.88%	1.15%	1.36%	1.20%	1.41%	1.39%
IOLZX ICON Equity Fund	10.87%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%	0.00%	0.00%	0.00%

Drawdowns

CAPEX vs. IOLZX - Drawdown Comparison

The maximum CAPEX drawdown since its inception was -51.71%, smaller than the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for CAPEX and IOLZX.

Drawdown Indicators

	CAPEX	IOLZX	Difference
Max Drawdown Largest peak-to-trough decline	-51.71%	-56.03%	+4.32%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-15.69%	+3.98%
Max Drawdown (5Y) Largest decline over 5 years	-25.87%	-27.77%	+1.90%
Max Drawdown (10Y) Largest decline over 10 years	-32.94%	-41.04%	+8.10%
Current Drawdown Current decline from peak	-10.52%	-13.74%	+3.22%
Average Drawdown Average peak-to-trough decline	-8.42%	-12.72%	+4.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	4.72%	-2.01%

Volatility

CAPEX vs. IOLZX - Volatility Comparison

The current volatility for Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) is 4.49%, while ICON Equity Fund (IOLZX) has a volatility of 6.73%. This indicates that CAPEX experiences smaller price fluctuations and is considered to be less risky than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPEX	IOLZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	6.73%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	14.09%	-5.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.24%	23.57%	-5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	21.32%	-4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	22.25%	-3.95%