ERBIX vs. ETY
Compare and contrast key facts about Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) and Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY).
ERBIX is managed by Eaton Vance. It was launched on Oct 11, 2010. ETY is an actively managed fund by Eaton Vance. It was launched on Nov 27, 2006.
Performance
ERBIX vs. ETY - Performance Comparison
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ERBIX vs. ETY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | -2.81% | 18.35% | 15.00% | 14.63% | -14.75% | 17.75% | 16.49% | 36.69% | -11.86% | 20.94% |
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | -7.42% | 11.02% | 33.11% | 21.83% | -21.21% | 32.61% | 7.27% | 33.68% | -8.96% | 28.72% |
Returns By Period
In the year-to-date period, ERBIX achieves a -2.81% return, which is significantly higher than ETY's -7.42% return. Both investments have delivered pretty close results over the past 10 years, with ERBIX having a 11.21% annualized return and ETY not far ahead at 11.66%.
ERBIX
- 1D
- 3.16%
- 1M
- -6.32%
- YTD
- -2.81%
- 6M
- 0.68%
- 1Y
- 17.69%
- 3Y*
- 12.66%
- 5Y*
- 7.17%
- 10Y*
- 11.21%
ETY
- 1D
- 0.94%
- 1M
- -5.89%
- YTD
- -7.42%
- 6M
- -8.71%
- 1Y
- 5.70%
- 3Y*
- 14.96%
- 5Y*
- 10.29%
- 10Y*
- 11.66%
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ERBIX vs. ETY - Expense Ratio Comparison
ERBIX has a 0.93% expense ratio, which is lower than ETY's 1.06% expense ratio.
Return for Risk
ERBIX vs. ETY — Risk / Return Rank
ERBIX
ETY
ERBIX vs. ETY - 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 Managed Diversified Equity Income Closed Fund (ETY). 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.
| ERBIX | ETY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.28 | +0.79 |
Sortino ratioReturn per unit of downside risk | 1.60 | 0.56 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.08 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.39 | +1.21 |
Martin ratioReturn relative to average drawdown | 6.94 | 1.45 | +5.49 |
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
| ERBIX | ETY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.28 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.58 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.59 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.38 | +0.31 |
Correlation
The correlation between ERBIX and ETY is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ERBIX vs. ETY - Dividend Comparison
ERBIX's dividend yield for the trailing twelve months is around 18.67%, more than ETY's 8.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 18.67% | 18.14% | 4.12% | 8.82% | 5.97% | 13.08% | 2.63% | 16.82% | 5.93% | 5.78% | 3.59% | 2.32% |
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | 8.55% | 7.76% | 7.59% | 7.92% | 10.04% | 7.01% | 8.26% | 8.08% | 9.92% | 8.30% | 9.77% | 9.03% |
Drawdowns
ERBIX vs. ETY - Drawdown Comparison
The maximum ERBIX drawdown since its inception was -29.18%, smaller than the maximum ETY drawdown of -53.06%. Use the drawdown chart below to compare losses from any high point for ERBIX and ETY.
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Drawdown Indicators
| ERBIX | ETY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -53.06% | +23.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -14.40% | +2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -24.06% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -42.46% | +13.28% |
Current DrawdownCurrent decline from peak | -7.59% | -9.46% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -7.62% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 3.87% | -1.23% |
Volatility
ERBIX vs. ETY - Volatility Comparison
The current volatility for Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) is 6.49%, while Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) has a volatility of 7.04%. This indicates that ERBIX experiences smaller price fluctuations and is considered to be less risky than ETY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERBIX | ETY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 7.04% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 10.46% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 20.27% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 17.85% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 19.85% | -3.49% |