EALCX vs. ETG
EALCX (Eaton Vance Growth Fund) and ETG (Eaton Vance Tax Advantaged Global Dividend Income Closed Fund) are both mutual funds - EALCX is a Large Cap Growth Equities fund managed by Eaton Vance, while ETG is a Global Equities fund actively managed by Eaton Vance. Over the past 10 years, EALCX returned 15.77%/yr vs 13.32%/yr for ETG. A 0.70 correlation means they provide meaningful diversification when combined. EALCX charges 1.05%/yr vs 2.57%/yr for ETG.
Performance
EALCX vs. ETG - Performance Comparison
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Returns By Period
In the year-to-date period, EALCX achieves a 1.84% return, which is significantly higher than ETG's 1.59% return. Over the past 10 years, EALCX has outperformed ETG with an annualized return of 15.77%, while ETG has yielded a comparatively lower 13.32% annualized return.
EALCX
- 1D
- -1.50%
- 1M
- -4.67%
- YTD
- 1.84%
- 6M
- 0.69%
- 1Y
- 13.10%
- 3Y*
- 20.16%
- 5Y*
- 10.02%
- 10Y*
- 15.77%
ETG
- 1D
- -0.04%
- 1M
- 0.25%
- YTD
- 1.59%
- 6M
- 2.61%
- 1Y
- 19.69%
- 3Y*
- 20.25%
- 5Y*
- 9.62%
- 10Y*
- 13.32%
EALCX vs. ETG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EALCX Eaton Vance Growth Fund | 1.84% | 14.63% | 32.44% | 38.46% | -29.60% | 19.52% | 37.19% | 30.32% | -0.21% | 25.41% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 1.59% | 36.92% | 15.46% | 21.97% | -27.62% | 33.08% | 10.08% | 43.62% | -15.90% | 33.55% |
Correlation
The correlation between EALCX and ETG is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.70 |
The correlation between EALCX and ETG has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
EALCX vs. ETG — Risk / Return Rank
EALCX
ETG
EALCX vs. ETG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Growth Fund (EALCX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG). 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.
| EALCX | ETG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.19 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.65 | 4.68 | -1.03 |
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Drawdowns
EALCX vs. ETG - Drawdown Comparison
The maximum EALCX drawdown since its inception was -33.96%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for EALCX and ETG.
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Drawdown Indicators
| EALCX | ETG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -74.76% | +40.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.36% | -16.64% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -25.50% | -16.95% | -8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -33.96% | -31.64% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -33.96% | -51.53% | +17.57% |
Current DrawdownCurrent decline from peak | -6.74% | -2.74% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -13.45% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 4.22% | -0.16% |
Volatility
EALCX vs. ETG - Volatility Comparison
Eaton Vance Growth Fund (EALCX) has a higher volatility of 5.69% compared to Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) at 5.20%. This indicates that EALCX's price experiences larger fluctuations and is considered to be riskier than ETG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EALCX | ETG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 5.20% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 12.84% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.68% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 19.85% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.35% | 21.21% | +0.14% |
EALCX vs. ETG - Expense Ratio Comparison
EALCX has a 1.05% expense ratio, which is lower than ETG's 2.57% expense ratio.
Dividends
EALCX vs. ETG - Dividend Comparison
EALCX's dividend yield for the trailing twelve months is around 14.54%, more than ETG's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EALCX Eaton Vance Growth Fund | 14.54% | 14.80% | 7.04% | 9.15% | 5.74% | 8.49% | 6.99% | 9.02% | 14.01% | 4.91% | 1.92% | 4.35% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 6.84% | 6.72% | 8.03% | 7.02% | 9.94% | 6.02% | 6.74% | 6.83% | 9.08% | 7.69% | 8.74% | 7.93% |
Frequently Asked Questions
EALCX and ETG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EALCX has higher volatility (5.69%) compared to ETG (5.20%). In terms of maximum drawdown, EALCX dropped -33.96% vs ETG's -74.76%.
ETG currently has the higher Sharpe Ratio (1.27 vs 0.95), 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.
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