EICOX vs. ETG
EICOX (Eaton Vance Emerging and Frontier Countries Equity Fund) and ETG (Eaton Vance Tax Advantaged Global Dividend Income Closed Fund) are both mutual funds - EICOX is a Emerging Markets Equities fund managed by Eaton Vance, while ETG is a Global Equities fund actively managed by Eaton Vance. Over the past 10 years, EICOX returned 11.94%/yr vs 13.16%/yr for ETG. Their 0.63 correlation means they have sometimes moved together and sometimes differently. EICOX charges 1.31%/yr vs 2.57%/yr for ETG.
Performance
EICOX vs. ETG - Performance Comparison
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Returns By Period
In the year-to-date period, EICOX achieves a 16.70% return, which is significantly higher than ETG's 6.39% return. Over the past 10 years, EICOX has underperformed ETG with an annualized return of 11.94%, while ETG has yielded a comparatively higher 13.16% annualized return.
EICOX
- 1D
- 4.24%
- 1M
- -3.95%
- 6M
- 5.58%
- YTD
- 16.70%
- 1Y
- 30.87%
- 3Y*
- 20.87%
- 5Y*
- 14.29%
- 10Y*
- 11.94%
- ALL TIME*
- 9.50%
ETG
- 1D
- -0.08%
- 1M
- 1.20%
- 6M
- 4.53%
- YTD
- 6.39%
- 1Y
- 25.14%
- 3Y*
- 19.93%
- 5Y*
- 10.92%
- 10Y*
- 13.16%
- ALL TIME*
- 8.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.17M | $1.84M | $2.45M |
EICOX vs. ETG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EICOX Eaton Vance Emerging and Frontier Countries Equity Fund | 16.70% | 33.22% | 11.99% | 25.78% | -14.59% | 13.43% | 13.46% | 12.59% | -14.57% | 31.41% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 6.39% | 36.92% | 15.46% | 21.97% | -27.62% | 33.08% | 10.08% | 43.62% | -15.90% | 33.55% |
Correlation
The correlation between EICOX and ETG is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.63 |
The correlation between EICOX and ETG has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
EICOX vs. ETG — Risk / Return Rank
EICOX
ETG
EICOX vs. ETG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging and Frontier Countries Equity Fund (EICOX) 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.
| EICOX | ETG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.34 | +0.71 |
| Martin ratioReturn relative to average drawdown | 6.48 | 5.31 | +1.17 |
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Drawdowns
EICOX vs. ETG - Drawdown Comparison
The maximum EICOX drawdown since its inception was -38.75%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for EICOX and ETG.
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Drawdown Indicators
| EICOX | ETG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.75% | -74.76% | +36.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -16.64% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.22% | -16.95% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -22.46% | -31.64% | +9.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -51.53% | +12.78% |
Current DrawdownCurrent decline from peak | -10.58% | -0.08% | -10.50% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -13.39% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 4.20% | +0.28% |
Volatility
EICOX vs. ETG - Volatility Comparison
Eaton Vance Emerging and Frontier Countries Equity Fund (EICOX) has a higher volatility of 9.46% compared to Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) at 4.72%. This indicates that EICOX'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
| EICOX | ETG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 4.72% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 13.42% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.85% | 16.20% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 19.87% | -4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.17% | 21.20% | -7.03% |
EICOX vs. ETG - Expense Ratio Comparison
EICOX has a 1.31% expense ratio, which is lower than ETG's 2.57% expense ratio.
Dividends
EICOX vs. ETG - Dividend Comparison
EICOX's dividend yield for the trailing twelve months is around 3.16%, less than ETG's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EICOX Eaton Vance Emerging and Frontier Countries Equity Fund | 3.16% | 3.68% | 2.02% | 1.95% | 5.72% | 2.71% | 0.10% | 2.00% | 2.95% | 0.00% | 0.59% | 2.35% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 6.57% | 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
EICOX and ETG have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EICOX has higher volatility (9.46%) compared to ETG (4.72%). In terms of maximum drawdown, EICOX dropped -38.75% vs ETG's -74.76%.
EICOX currently has the higher Sharpe Ratio (1.40 vs 1.38), 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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