EADIX vs. MGK

Last updated Jun 23, 2026

EADIX (Eaton Vance Tax-Managed Global Dividend Income Fund) and MGK (Vanguard Mega Cap Growth ETF) are both funds - EADIX is a Global Equities fund managed by BlackRock, while MGK is a Large Cap Growth Equities fund tracking the CRSP US Mega Cap Growth Index. Over the past 10 years, EADIX returned 11.64%/yr vs 19.23%/yr for MGK. Their correlation of 0.86 suggests significant overlap in exposure. EADIX charges 1.18%/yr vs 0.05%/yr for MGK.

Performance

EADIX vs. MGK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) and Vanguard Mega Cap Growth ETF (MGK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EADIX achieves a 11.08% return, which is significantly higher than MGK's 5.89% return. Over the past 10 years, EADIX has underperformed MGK with an annualized return of 11.64%, while MGK has yielded a comparatively higher 19.23% annualized return.

EADIX

• 1D: 1.31%
• 1M: 2.99%
• YTD: 11.08%
• 6M: 11.26%
• 1Y: 28.43%
• 3Y*: 17.39%
• 5Y*: 10.73%
• 10Y*: 11.64%

MGK

• 1D: -1.39%
• 1M: -1.85%
• YTD: 5.89%
• 6M: 5.30%
• 1Y: 25.90%
• 3Y*: 24.22%
• 5Y*: 14.43%
• 10Y*: 19.23%

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

EADIX vs. MGK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund	11.08%	23.11%	8.75%	25.02%	-18.77%	23.18%	14.32%	28.50%	-11.44%	20.02%
MGK Vanguard Mega Cap Growth ETF	5.89%	20.67%	32.94%	51.67%	-33.59%	28.58%	41.01%	37.38%	-2.91%	29.49%

Correlation

The correlation between EADIX and MGK is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007	0.86

The correlation between EADIX and MGK has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

Return for Risk

EADIX vs. MGK — Risk / Return Rank

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

EADIX

EADIX Risk / Return Rank: 52
EADIX Sharpe Ratio Rank: 53
EADIX Sortino Ratio Rank: 52
EADIX Omega Ratio Rank: 49
EADIX Calmar Ratio Rank: 47
EADIX Martin Ratio Rank: 57

MGK

MGK Risk / Return Rank: 39
MGK Sharpe Ratio Rank: 44
MGK Sortino Ratio Rank: 42
MGK Omega Ratio Rank: 41
MGK Calmar Ratio Rank: 32
MGK Martin Ratio Rank: 35

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.

EADIX vs. MGK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) and Vanguard Mega Cap Growth ETF (MGK). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EADIX	MGK	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.51	+0.47
Sortino ratio: Return per unit of downside risk	2.78	2.08	+0.70
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	2.51	1.54	+0.97
Martin ratio: Return relative to average drawdown	10.76	5.19	+5.57

EADIX vs. MGK - Sharpe Ratio Comparison

The current EADIX Sharpe Ratio is 1.99, which is higher than the MGK Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of EADIX and MGK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EADIX vs. MGK - Drawdown Comparison

The maximum EADIX drawdown since its inception was -52.70%, which is greater than MGK's maximum drawdown of -48.43%. Use the drawdown chart below to compare losses from any high point for EADIX and MGK.

Drawdown Indicators

	EADIX	MGK	Difference
Max Drawdown Largest peak-to-trough decline	-52.70%	-48.43%	-4.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.12%	-16.85%	+5.73%
Max Drawdown (3Y) Largest decline over 3 years	-16.32%	-23.36%	+7.04%
Max Drawdown (5Y) Largest decline over 5 years	-27.71%	-36.01%	+8.30%
Max Drawdown (10Y) Largest decline over 10 years	-35.34%	-36.01%	+0.67%
Current Drawdown Current decline from peak	0.00%	-5.13%	+5.13%
Average Drawdown Average peak-to-trough decline	-8.15%	-7.58%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	5.00%	-2.41%

Volatility

EADIX vs. MGK - Volatility Comparison

The current volatility for Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) is 5.23%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 6.78%. This indicates that EADIX experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EADIX	MGK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	6.78%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	13.63%	-1.91%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	17.22%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	22.78%	-5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.73%	21.97%	-4.24%

EADIX vs. MGK - Expense Ratio Comparison

EADIX has a 1.18% expense ratio, which is higher than MGK's 0.05% expense ratio.

Dividends

EADIX vs. MGK - Dividend Comparison

EADIX's dividend yield for the trailing twelve months is around 3.08%, more than MGK's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund	3.08%	3.38%	4.15%	3.97%	5.42%	6.52%	3.12%	3.18%	3.95%	3.09%	3.92%	3.84%
MGK Vanguard Mega Cap Growth ETF	0.33%	0.35%	0.43%	0.50%	0.70%	0.41%	0.65%	0.85%	1.12%	1.23%	1.53%	1.43%

Frequently Asked Questions

Can I hold both EADIX and MGK in my portfolio?

EADIX and MGK have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EADIX or MGK?

MGK has higher volatility (6.78%) compared to EADIX (5.23%). In terms of maximum drawdown, EADIX dropped -52.70% vs MGK's -48.43%.

Which has better risk-adjusted returns?

EADIX currently has the higher Sharpe Ratio (1.99 vs 1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.