EADIX vs. TQQQ
Compare and contrast key facts about Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) and ProShares UltraPro QQQ (TQQQ).
EADIX is managed by Blackrock. It was launched on May 29, 2003. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EADIX or TQQQ.
Correlation
The correlation between EADIX and TQQQ is 0.82, 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.
Performance
EADIX vs. TQQQ - Performance Comparison
Key characteristics
EADIX:
1.13
TQQQ:
1.08
EADIX:
1.60
TQQQ:
1.59
EADIX:
1.20
TQQQ:
1.21
EADIX:
1.54
TQQQ:
1.38
EADIX:
5.34
TQQQ:
4.53
EADIX:
2.61%
TQQQ:
12.98%
EADIX:
12.35%
TQQQ:
54.25%
EADIX:
-52.46%
TQQQ:
-81.66%
EADIX:
-0.91%
TQQQ:
-6.70%
Returns By Period
In the year-to-date period, EADIX achieves a 4.63% return, which is significantly lower than TQQQ's 9.63% return. Over the past 10 years, EADIX has underperformed TQQQ with an annualized return of 8.58%, while TQQQ has yielded a comparatively higher 37.52% annualized return.
EADIX
4.63%
2.84%
3.85%
12.40%
9.49%
8.58%
TQQQ
9.63%
-1.70%
34.17%
58.67%
31.26%
37.52%
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EADIX vs. TQQQ - Expense Ratio Comparison
EADIX has a 1.18% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
EADIX vs. TQQQ — Risk-Adjusted Performance Rank
EADIX
TQQQ
EADIX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) and ProShares UltraPro QQQ (TQQQ). 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.
Dividends
EADIX vs. TQQQ - Dividend Comparison
EADIX's dividend yield for the trailing twelve months is around 3.66%, more than TQQQ's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | 3.66% | 4.18% | 4.00% | 5.45% | 2.61% | 3.12% | 3.18% | 3.95% | 3.09% | 4.25% | 3.84% | 4.23% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
EADIX vs. TQQQ - Drawdown Comparison
The maximum EADIX drawdown since its inception was -52.46%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for EADIX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
EADIX vs. TQQQ - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) is 3.28%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.98%. This indicates that EADIX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.