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:
0.84
TQQQ:
1.23
EADIX:
1.22
TQQQ:
1.72
EADIX:
1.15
TQQQ:
1.23
EADIX:
1.14
TQQQ:
1.40
EADIX:
4.42
TQQQ:
5.25
EADIX:
2.34%
TQQQ:
12.54%
EADIX:
12.31%
TQQQ:
53.39%
EADIX:
-52.47%
TQQQ:
-81.66%
EADIX:
-5.32%
TQQQ:
-12.01%
Returns By Period
In the year-to-date period, EADIX achieves a 8.71% return, which is significantly lower than TQQQ's 63.64% return. Over the past 10 years, EADIX has underperformed TQQQ with an annualized return of 8.27%, while TQQQ has yielded a comparatively higher 35.21% annualized return.
EADIX
8.71%
-1.53%
-2.30%
9.47%
9.42%
8.27%
TQQQ
63.64%
8.34%
7.50%
63.33%
31.98%
35.21%
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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 3.46%, more than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | 3.46% | 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 | 0.89% | 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 3.38%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.91%. 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.