ERBIX vs. ETG
ERBIX (Eaton Vance Richard Bernstein Equity Strategy Fund) and ETG (Eaton Vance Tax Advantaged Global Dividend Income Closed Fund) are both Global Equities funds from Eaton Vance. Over the past 10 years, ERBIX returned 11.83%/yr vs 13.16%/yr for ETG. Their 0.75 correlation means they have sometimes moved together and sometimes differently. ERBIX charges 0.93%/yr vs 2.57%/yr for ETG.
Performance
ERBIX vs. ETG - Performance Comparison
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Returns By Period
In the year-to-date period, ERBIX achieves a 8.92% return, which is significantly higher than ETG's 6.39% return. Over the past 10 years, ERBIX has underperformed ETG with an annualized return of 11.83%, while ETG has yielded a comparatively higher 13.16% annualized return.
ERBIX
- 1D
- 2.49%
- 1M
- -1.49%
- 6M
- 5.49%
- YTD
- 8.92%
- 1Y
- 20.65%
- 3Y*
- 14.36%
- 5Y*
- 8.68%
- 10Y*
- 11.83%
- ALL TIME*
- 11.19%
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 |
ERBIX vs. ETG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 8.92% | 18.35% | 15.00% | 14.63% | -14.75% | 17.75% | 16.49% | 36.69% | -11.86% | 20.94% |
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 ERBIX and ETG is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.75 |
The correlation between ERBIX and ETG has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
ERBIX vs. ETG — Risk / Return Rank
ERBIX
ETG
ERBIX vs. ETG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) 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.
| ERBIX | ETG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.34 | +0.49 |
| Martin ratioReturn relative to average drawdown | 7.88 | 5.31 | +2.58 |
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Drawdowns
ERBIX vs. ETG - Drawdown Comparison
The maximum ERBIX drawdown since its inception was -29.18%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for ERBIX and ETG.
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Drawdown Indicators
| ERBIX | ETG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -74.76% | +45.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -16.64% | +6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -16.95% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -31.64% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -51.53% | +22.35% |
Current DrawdownCurrent decline from peak | -2.61% | -0.08% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -13.39% | +8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 4.20% | -1.78% |
Volatility
ERBIX vs. ETG - Volatility Comparison
Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) have volatilities of 4.69% and 4.72%, 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.
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Volatility by Period
| ERBIX | ETG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.72% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 13.42% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 16.20% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 19.87% | -4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 21.20% | -4.84% |
ERBIX vs. ETG - Expense Ratio Comparison
ERBIX has a 0.93% expense ratio, which is lower than ETG's 2.57% expense ratio.
Dividends
ERBIX vs. ETG - Dividend Comparison
ERBIX's dividend yield for the trailing twelve months is around 16.66%, more than ETG's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 16.66% | 18.14% | 4.12% | 8.82% | 5.97% | 13.08% | 2.63% | 16.82% | 5.93% | 5.78% | 3.59% | 2.32% |
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
ERBIX and ETG have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETG has higher volatility (4.72%) compared to ERBIX (4.69%). In terms of maximum drawdown, ERBIX dropped -29.18% vs ETG's -74.76%.
ETG currently has the higher Sharpe Ratio (1.38 vs 1.34), 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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