EOD vs. EVT

Last updated Jun 23, 2026

EOD (Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund) and EVT (Eaton Vance Tax-Advantaged Dividend Income Fund) are both Dividend funds. Over the past 10 years, EOD returned 11.99%/yr vs 11.25%/yr for EVT. A 0.61 correlation means they provide meaningful diversification when combined. EOD charges 0.02%/yr vs 0.01%/yr for EVT.

Performance

EOD vs. EVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (EOD) and Eaton Vance Tax-Advantaged Dividend Income Fund (EVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EOD achieves a 16.39% return, which is significantly higher than EVT's 9.95% return. Over the past 10 years, EOD has outperformed EVT with an annualized return of 11.99%, while EVT has yielded a comparatively lower 11.25% annualized return.

EOD

• 1D: 0.31%
• 1M: 2.40%
• YTD: 16.39%
• 6M: 15.60%
• 1Y: 37.72%
• 3Y*: 27.41%
• 5Y*: 12.58%
• 10Y*: 11.99%

EVT

• 1D: 0.45%
• 1M: 0.77%
• YTD: 9.95%
• 6M: 11.86%
• 1Y: 24.01%
• 3Y*: 15.98%
• 5Y*: 7.52%
• 10Y*: 11.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EOD vs. EVT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EOD Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund	16.39%	28.76%	25.83%	9.78%	-17.65%	32.87%	-3.16%	35.96%	-12.05%	20.46%
EVT Eaton Vance Tax-Advantaged Dividend Income Fund	9.95%	13.79%	17.34%	5.78%	-17.33%	33.94%	1.72%	44.71%	-11.92%	21.80%

Correlation

The correlation between EOD and EVT is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Mar 28, 2007	0.61

The correlation between EOD and EVT has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.

Return for Risk

EOD vs. EVT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EOD

EOD Risk / Return Rank: 86
EOD Sharpe Ratio Rank: 83
EOD Sortino Ratio Rank: 82
EOD Omega Ratio Rank: 80
EOD Calmar Ratio Rank: 86
EOD Martin Ratio Rank: 95

EVT

EVT Risk / Return Rank: 52
EVT Sharpe Ratio Rank: 52
EVT Sortino Ratio Rank: 48
EVT Omega Ratio Rank: 49
EVT Calmar Ratio Rank: 51
EVT Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EOD vs. EVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (EOD) and Eaton Vance Tax-Advantaged Dividend Income Fund (EVT). 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.

	EOD	EVT	Difference
Sharpe ratio: Return per unit of total volatility	2.51	1.96	+0.56
Sortino ratio: Return per unit of downside risk	3.59	2.69	+0.90
Omega ratio: Gain probability vs. loss probability	1.48	1.35	+0.13
Calmar ratio: Return relative to maximum drawdown	3.94	2.62	+1.32
Martin ratio: Return relative to average drawdown	20.55	10.94	+9.61

EOD vs. EVT - Sharpe Ratio Comparison

The current EOD Sharpe Ratio is 2.51, which is comparable to the EVT Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of EOD and EVT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EOD vs. EVT - Drawdown Comparison

The maximum EOD drawdown since its inception was -57.02%, smaller than the maximum EVT drawdown of -74.01%. Use the drawdown chart below to compare losses from any high point for EOD and EVT.

Drawdown Indicators

	EOD	EVT	Difference
Max Drawdown Largest peak-to-trough decline	-57.02%	-74.01%	+16.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-9.22%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-19.09%	+4.09%
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	-28.23%	+2.62%
Max Drawdown (10Y) Largest decline over 10 years	-47.08%	-52.03%	+4.95%
Current Drawdown Current decline from peak	-1.26%	-1.27%	+0.01%
Average Drawdown Average peak-to-trough decline	-13.18%	-11.11%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.20%	-0.36%

Volatility

EOD vs. EVT - Volatility Comparison

Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (EOD) and Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) have volatilities of 4.41% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EOD	EVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	4.57%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	12.49%	9.83%	+2.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	12.35%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.55%	17.12%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.10%	20.63%	-1.53%

EOD vs. EVT - Expense Ratio Comparison

EOD has a 0.02% expense ratio, which is higher than EVT's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EOD vs. EVT - Dividend Comparison

EOD's dividend yield for the trailing twelve months is around 8.27%, more than EVT's 7.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EOD Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund	8.27%	8.73%	9.16%	9.98%	11.80%	8.76%	11.41%	10.36%	13.84%	10.56%	9.91%	12.16%
EVT Eaton Vance Tax-Advantaged Dividend Income Fund	7.41%	7.84%	8.02%	8.03%	8.44%	5.65%	7.97%	6.82%	9.16%	6.85%	8.47%	7.49%

Frequently Asked Questions

Can I hold both EOD and EVT in my portfolio?

EOD and EVT have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EOD or EVT?

EVT has higher volatility (4.57%) compared to EOD (4.41%). In terms of maximum drawdown, EOD dropped -57.02% vs EVT's -74.01%.

Which has better risk-adjusted returns?

EOD currently has the higher Sharpe Ratio (2.51 vs 1.96), 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.