EMOIX vs. ETG
Compare and contrast key facts about Eaton Vance Municipal Opportunities Fund (EMOIX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG).
EMOIX is managed by Eaton Vance. It was launched on May 30, 2011. ETG is an actively managed fund by Eaton Vance. It was launched on Jan 30, 2004.
Performance
EMOIX vs. ETG - Performance Comparison
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EMOIX vs. ETG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMOIX Eaton Vance Municipal Opportunities Fund | -0.57% | 6.01% | 4.17% | 5.37% | -9.57% | 2.79% | 4.28% | 7.17% | 1.30% | 6.17% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | -11.37% | 36.92% | 15.46% | 21.97% | -27.62% | 33.08% | 10.08% | 43.62% | -15.90% | 33.55% |
Returns By Period
In the year-to-date period, EMOIX achieves a -0.57% return, which is significantly higher than ETG's -11.37% return. Over the past 10 years, EMOIX has underperformed ETG with an annualized return of 2.44%, while ETG has yielded a comparatively higher 11.66% annualized return.
EMOIX
- 1D
- 0.27%
- 1M
- -2.74%
- YTD
- -0.57%
- 6M
- 1.54%
- 1Y
- 5.09%
- 3Y*
- 4.09%
- 5Y*
- 1.32%
- 10Y*
- 2.44%
ETG
- 1D
- 3.44%
- 1M
- -12.13%
- YTD
- -11.37%
- 6M
- -1.37%
- 1Y
- 18.89%
- 3Y*
- 16.18%
- 5Y*
- 9.36%
- 10Y*
- 11.66%
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EMOIX vs. ETG - Expense Ratio Comparison
EMOIX has a 0.67% expense ratio, which is lower than ETG's 2.57% expense ratio.
Return for Risk
EMOIX vs. ETG — Risk / Return Rank
EMOIX
ETG
EMOIX vs. ETG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Opportunities Fund (EMOIX) 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.
| EMOIX | ETG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.95 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.48 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.11 | +0.16 |
Martin ratioReturn relative to average drawdown | 4.54 | 4.84 | -0.30 |
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
| EMOIX | ETG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.95 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.48 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.55 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.35 | +0.44 |
Correlation
The correlation between EMOIX and ETG is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
EMOIX vs. ETG - Dividend Comparison
EMOIX's dividend yield for the trailing twelve months is around 3.60%, less than ETG's 7.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMOIX Eaton Vance Municipal Opportunities Fund | 3.60% | 4.41% | 4.09% | 2.49% | 2.66% | 3.27% | 2.36% | 2.76% | 2.54% | 2.22% | 2.50% | 2.03% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 7.71% | 6.72% | 8.03% | 7.02% | 9.94% | 6.02% | 6.74% | 6.83% | 9.08% | 7.69% | 8.74% | 7.93% |
Drawdowns
EMOIX vs. ETG - Drawdown Comparison
The maximum EMOIX drawdown since its inception was -14.20%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for EMOIX and ETG.
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Drawdown Indicators
| EMOIX | ETG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.20% | -74.76% | +60.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -16.64% | +11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -14.20% | -31.64% | +17.44% |
Max Drawdown (10Y)Largest decline over 10 years | -14.20% | -51.53% | +37.33% |
Current DrawdownCurrent decline from peak | -2.74% | -13.77% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -13.55% | +10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 3.81% | -2.40% |
Volatility
EMOIX vs. ETG - Volatility Comparison
The current volatility for Eaton Vance Municipal Opportunities Fund (EMOIX) is 1.16%, while Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) has a volatility of 7.08%. This indicates that EMOIX experiences smaller price fluctuations and is considered to be less risky 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
| EMOIX | ETG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 7.08% | -5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 11.53% | -9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 20.00% | -14.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 19.69% | -15.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 21.15% | -17.09% |