Correlation
The correlation between EACPX and SPY is 0.89, 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.
EACPX vs. SPY
Compare and contrast key facts about Eaton Vance Tax Managed Multi Cap Growth Fund (EACPX) and SPDR S&P 500 ETF (SPY).
EACPX is managed by Blackrock. It was launched on Jun 30, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EACPX or SPY.
Performance
EACPX vs. SPY - Performance Comparison
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Key characteristics
EACPX:
0.48
SPY:
0.70
EACPX:
0.67
SPY:
1.02
EACPX:
1.09
SPY:
1.15
EACPX:
0.38
SPY:
0.68
EACPX:
1.25
SPY:
2.57
EACPX:
6.41%
SPY:
4.93%
EACPX:
22.17%
SPY:
20.42%
EACPX:
-63.39%
SPY:
-55.19%
EACPX:
-6.63%
SPY:
-3.55%
Returns By Period
In the year-to-date period, EACPX achieves a -1.96% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, EACPX has underperformed SPY with an annualized return of 11.85%, while SPY has yielded a comparatively higher 12.73% annualized return.
EACPX
-1.96%
4.90%
-3.14%
9.86%
14.63%
12.15%
11.85%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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EACPX vs. SPY - Expense Ratio Comparison
EACPX has a 1.25% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EACPX vs. SPY — Risk-Adjusted Performance Rank
EACPX
SPY
EACPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Multi Cap Growth Fund (EACPX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
EACPX vs. SPY - Dividend Comparison
EACPX's dividend yield for the trailing twelve months is around 2.26%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EACPX Eaton Vance Tax Managed Multi Cap Growth Fund | 2.26% | 2.22% | 0.00% | 0.00% | 3.17% | 3.13% | 2.22% | 2.39% | 0.23% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EACPX vs. SPY - Drawdown Comparison
The maximum EACPX drawdown since its inception was -63.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EACPX and SPY.
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Volatility
EACPX vs. SPY - Volatility Comparison
Eaton Vance Tax Managed Multi Cap Growth Fund (EACPX) has a higher volatility of 5.62% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that EACPX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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