EELDX vs. ETO
Compare and contrast key facts about Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO).
EELDX is managed by Eaton Vance. It was launched on Feb 3, 2013. ETO is a passively managed fund by Eaton Vance that tracks the performance of the MSCI World Index. It was launched on Apr 30, 2004.
Performance
EELDX vs. ETO - Performance Comparison
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EELDX vs. ETO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EELDX Eaton Vance Emerging Markets Debt Opportunities Fund | 1.45% | 15.80% | 14.87% | 11.46% | -6.14% | 1.55% | 7.44% | 18.34% | -4.27% | 13.05% |
ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | -8.20% | 29.96% | 15.55% | 21.54% | -29.96% | 37.18% | 6.25% | 50.98% | -19.19% | 33.57% |
Returns By Period
In the year-to-date period, EELDX achieves a 1.45% return, which is significantly higher than ETO's -8.20% return. Over the past 10 years, EELDX has underperformed ETO with an annualized return of 7.77%, while ETO has yielded a comparatively higher 11.17% annualized return.
EELDX
- 1D
- 0.12%
- 1M
- -2.51%
- YTD
- 1.45%
- 6M
- 6.78%
- 1Y
- 15.35%
- 3Y*
- 13.77%
- 5Y*
- 7.74%
- 10Y*
- 7.77%
ETO
- 1D
- 2.70%
- 1M
- -8.74%
- YTD
- -8.20%
- 6M
- 2.09%
- 1Y
- 19.48%
- 3Y*
- 15.71%
- 5Y*
- 8.62%
- 10Y*
- 11.17%
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EELDX vs. ETO - Expense Ratio Comparison
EELDX has a 0.78% expense ratio, which is lower than ETO's 2.56% expense ratio.
Return for Risk
EELDX vs. ETO — Risk / Return Rank
EELDX
ETO
EELDX vs. ETO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO). 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.
| EELDX | ETO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.12 | 0.98 | +3.15 |
Sortino ratioReturn per unit of downside risk | 5.70 | 1.39 | +4.31 |
Omega ratioGain probability vs. loss probability | 2.00 | 1.21 | +0.79 |
Calmar ratioReturn relative to maximum drawdown | 4.06 | 1.32 | +2.74 |
Martin ratioReturn relative to average drawdown | 16.48 | 5.66 | +10.82 |
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
| EELDX | ETO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.12 | 0.98 | +3.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.70 | 0.43 | +1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.64 | 0.49 | +1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.42 | +0.89 |
Correlation
The correlation between EELDX and ETO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EELDX vs. ETO - Dividend Comparison
EELDX's dividend yield for the trailing twelve months is around 11.18%, more than ETO's 7.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EELDX Eaton Vance Emerging Markets Debt Opportunities Fund | 11.18% | 9.44% | 8.58% | 9.02% | 9.17% | 7.87% | 7.71% | 7.86% | 8.16% | 7.90% | 4.12% | 1.65% |
ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | 7.60% | 6.85% | 7.81% | 6.97% | 9.87% | 5.82% | 7.36% | 8.32% | 11.51% | 8.50% | 9.51% | 9.29% |
Drawdowns
EELDX vs. ETO - Drawdown Comparison
The maximum EELDX drawdown since its inception was -19.12%, smaller than the maximum ETO drawdown of -72.02%. Use the drawdown chart below to compare losses from any high point for EELDX and ETO.
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Drawdown Indicators
| EELDX | ETO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -72.02% | +52.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -15.27% | +11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -35.44% | +18.09% |
Max Drawdown (10Y)Largest decline over 10 years | -19.12% | -52.03% | +32.91% |
Current DrawdownCurrent decline from peak | -3.56% | -9.73% | +6.17% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -12.82% | +9.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 3.56% | -2.65% |
Volatility
EELDX vs. ETO - Volatility Comparison
The current volatility for Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) is 1.85%, while Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) has a volatility of 7.37%. This indicates that EELDX experiences smaller price fluctuations and is considered to be less risky than ETO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EELDX | ETO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 7.37% | -5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 11.85% | -9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 20.02% | -16.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.59% | 20.04% | -15.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.76% | 22.71% | -17.95% |