EIRAX vs. ETB
Compare and contrast key facts about Eaton Vance Richard Bernstein All Asset Strategy Fund (EIRAX) and Eaton Vance Tax-Managed Buy-Write Income Fund (ETB).
EIRAX is managed by Eaton Vance. It was launched on Sep 29, 2011. ETB is managed by Eaton Vance. It was launched on Apr 29, 2005.
Performance
EIRAX vs. ETB - Performance Comparison
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EIRAX vs. ETB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIRAX Eaton Vance Richard Bernstein All Asset Strategy Fund | -1.78% | 12.89% | 7.68% | 6.80% | -14.73% | 7.22% | 9.83% | 16.28% | -7.47% | 15.02% |
ETB Eaton Vance Tax-Managed Buy-Write Income Fund | -1.63% | 11.16% | 26.22% | 7.50% | -16.59% | 23.68% | 0.43% | 32.40% | -12.75% | 9.52% |
Returns By Period
In the year-to-date period, EIRAX achieves a -1.78% return, which is significantly lower than ETB's -1.63% return. Over the past 10 years, EIRAX has underperformed ETB with an annualized return of 5.51%, while ETB has yielded a comparatively higher 7.69% annualized return.
EIRAX
- 1D
- 2.11%
- 1M
- -4.80%
- YTD
- -1.78%
- 6M
- 0.83%
- 1Y
- 10.73%
- 3Y*
- 6.83%
- 5Y*
- 2.60%
- 10Y*
- 5.51%
ETB
- 1D
- 2.01%
- 1M
- -4.23%
- YTD
- -1.63%
- 6M
- 2.15%
- 1Y
- 17.03%
- 3Y*
- 13.55%
- 5Y*
- 7.37%
- 10Y*
- 7.69%
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EIRAX vs. ETB - Expense Ratio Comparison
EIRAX has a 0.93% expense ratio, which is higher than ETB's 0.01% expense ratio.
Return for Risk
EIRAX vs. ETB — Risk / Return Rank
EIRAX
ETB
EIRAX vs. ETB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Richard Bernstein All Asset Strategy Fund (EIRAX) and Eaton Vance Tax-Managed Buy-Write Income Fund (ETB). 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.
| EIRAX | ETB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.99 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.47 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.39 | +0.07 |
Martin ratioReturn relative to average drawdown | 6.43 | 7.19 | -0.75 |
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
| EIRAX | ETB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.99 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.46 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.43 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.39 | +0.22 |
Correlation
The correlation between EIRAX and ETB is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EIRAX vs. ETB - Dividend Comparison
EIRAX's dividend yield for the trailing twelve months is around 2.85%, less than ETB's 8.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIRAX Eaton Vance Richard Bernstein All Asset Strategy Fund | 2.85% | 2.80% | 2.35% | 2.58% | 1.11% | 5.68% | 3.13% | 7.42% | 2.98% | 2.35% | 0.73% | 1.59% |
ETB Eaton Vance Tax-Managed Buy-Write Income Fund | 8.63% | 8.31% | 8.21% | 8.62% | 9.63% | 7.57% | 8.64% | 7.90% | 9.64% | 7.75% | 7.85% | 7.77% |
Drawdowns
EIRAX vs. ETB - Drawdown Comparison
The maximum EIRAX drawdown since its inception was -19.85%, smaller than the maximum ETB drawdown of -51.09%. Use the drawdown chart below to compare losses from any high point for EIRAX and ETB.
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Drawdown Indicators
| EIRAX | ETB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.85% | -51.09% | +31.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -12.64% | +4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -23.43% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -19.85% | -45.08% | +25.23% |
Current DrawdownCurrent decline from peak | -5.79% | -4.42% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -6.76% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.44% | -0.69% |
Volatility
EIRAX vs. ETB - Volatility Comparison
The current volatility for Eaton Vance Richard Bernstein All Asset Strategy Fund (EIRAX) is 4.63%, while Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) has a volatility of 6.23%. This indicates that EIRAX experiences smaller price fluctuations and is considered to be less risky than ETB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIRAX | ETB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 6.23% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 9.24% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.04% | 17.37% | -7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 16.23% | -7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.06% | 18.02% | -8.96% |