EATVX vs. SPY
Compare and contrast key facts about Eaton Vance Tax Managed Value Fund (EATVX) and State Street SPDR S&P 500 ETF (SPY).
EATVX is managed by BlackRock. It was launched on Dec 27, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
EATVX vs. SPY - Performance Comparison
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EATVX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EATVX Eaton Vance Tax Managed Value Fund | 1.24% | 12.86% | 14.37% | 9.44% | -9.77% | 25.92% | 4.39% | 29.73% | -5.98% | 17.65% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, EATVX achieves a 1.24% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, EATVX has underperformed SPY with an annualized return of 10.32%, while SPY has yielded a comparatively higher 14.06% annualized return.
EATVX
- 1D
- 2.25%
- 1M
- -5.56%
- YTD
- 1.24%
- 6M
- 4.73%
- 1Y
- 14.94%
- 3Y*
- 12.79%
- 5Y*
- 8.16%
- 10Y*
- 10.32%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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EATVX vs. SPY - Expense Ratio Comparison
EATVX has a 1.15% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
EATVX vs. SPY — Risk / Return Rank
EATVX
SPY
EATVX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Value Fund (EATVX) and State Street SPDR S&P 500 ETF (SPY). 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.
| EATVX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.96 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.49 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.53 | -0.28 |
Martin ratioReturn relative to average drawdown | 5.51 | 7.27 | -1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EATVX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.96 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.70 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.79 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.56 | -0.12 |
Correlation
The correlation between EATVX and SPY is 0.91, 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.
Dividends
EATVX vs. SPY - Dividend Comparison
EATVX's dividend yield for the trailing twelve months is around 4.11%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EATVX Eaton Vance Tax Managed Value Fund | 4.11% | 4.16% | 3.75% | 3.24% | 2.17% | 4.50% | 1.29% | 1.13% | 1.57% | 0.95% | 1.10% | 8.71% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
EATVX vs. SPY - Drawdown Comparison
The maximum EATVX drawdown since its inception was -53.01%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EATVX and SPY.
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Drawdown Indicators
| EATVX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.01% | -55.19% | +2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -12.05% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.70% | -24.50% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -38.63% | -33.72% | -4.91% |
Current DrawdownCurrent decline from peak | -5.97% | -5.53% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -9.09% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.54% | +0.35% |
Volatility
EATVX vs. SPY - Volatility Comparison
The current volatility for Eaton Vance Tax Managed Value Fund (EATVX) is 4.71%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that EATVX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EATVX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 5.35% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 9.50% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 19.06% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 17.06% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 17.92% | -0.40% |