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.
Key characteristics
| EADIX | TQQQ | |
|---|---|---|
| YTD Return | 11.50% | 59.60% |
| 1Y Return | 18.98% | 88.74% |
| 3Y Return (Ann) | 4.56% | 0.01% |
| 5Y Return (Ann) | 10.82% | 34.59% |
| 10Y Return (Ann) | 8.57% | 35.45% |
| Sharpe Ratio | 1.58 | 1.74 |
| Sortino Ratio | 2.22 | 2.17 |
| Omega Ratio | 1.28 | 1.29 |
| Calmar Ratio | 2.08 | 1.75 |
| Martin Ratio | 8.75 | 7.20 |
| Ulcer Index | 2.16% | 12.41% |
| Daily Std Dev | 11.97% | 51.33% |
| Max Drawdown | -52.47% | -81.66% |
| Current Drawdown | -2.89% | -6.61% |
Correlation
The correlation between EADIX and TQQQ is 0.83, 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
In the year-to-date period, EADIX achieves a 11.50% return, which is significantly lower than TQQQ's 59.60% return. Over the past 10 years, EADIX has underperformed TQQQ with an annualized return of 8.57%, while TQQQ has yielded a comparatively higher 35.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 4.05%, more than TQQQ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | 4.05% | 4.00% | 5.45% | 2.61% | 3.12% | 3.18% | 3.95% | 3.09% | 3.92% | 3.84% | 3.92% | 3.78% |
TQQQ ProShares UltraPro QQQ | 1.19% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
EADIX vs. TQQQ - Drawdown Comparison
The maximum EADIX drawdown since its inception was -52.47%, 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 2.86%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.91%. 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.