ERC vs. ETW
ERC (Allspring Multi-Sector Income Fund) and ETW (Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, ERC returned 6.28%/yr vs 8.47%/yr for ETW. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
ERC vs. ETW - Performance Comparison
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Returns By Period
In the year-to-date period, ERC achieves a 3.53% return, which is significantly lower than ETW's 8.41% return. Over the past 10 years, ERC has underperformed ETW with an annualized return of 6.28%, while ETW has yielded a comparatively higher 8.47% annualized return.
ERC
- 1D
- 0.77%
- 1M
- 0.25%
- 6M
- 1.21%
- YTD
- 3.53%
- 1Y
- 7.10%
- 3Y*
- 7.66%
- 5Y*
- 2.20%
- 10Y*
- 6.28%
- ALL TIME*
- 6.39%
ETW
- 1D
- 0.53%
- 1M
- 0.38%
- 6M
- 5.69%
- YTD
- 8.41%
- 1Y
- 21.00%
- 3Y*
- 14.69%
- 5Y*
- 6.12%
- 10Y*
- 8.47%
- ALL TIME*
- 7.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $388.01K | $417.55K | $583.53K | |
| $2.25M | $2.05M | $2.27M |
ERC vs. ETW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERC Allspring Multi-Sector Income Fund | 3.53% | 11.10% | 6.10% | 4.88% | -17.77% | 18.77% | 4.36% | 28.05% | -5.94% | 11.99% |
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 8.41% | 20.10% | 19.03% | 9.34% | -23.87% | 25.36% | 3.24% | 18.87% | -12.10% | 30.42% |
Correlation
The correlation between ERC and ETW is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2005 | 0.42 |
The correlation between ERC and ETW shifts across timeframes, from 0.42 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ERC:
$255.57M
ETW:
$1.03B
ERC:
$1.69
ETW:
$2.74
ERC:
5.39
ETW:
3.48
ERC:
0.85
ETW:
0.10
ERC:
4.72
ETW:
6.08
ERC:
0.93
ETW:
0.93
ERC:
$54.20M
ETW:
$169.79M
ERC:
$49.08M
ETW:
$121.86M
ERC:
$59.96M
ETW:
$296.96M
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Return for Risk
ERC vs. ETW — Risk / Return Rank
ERC
ETW
ERC vs. ETW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Multi-Sector Income Fund (ERC) and Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW). 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.
| ERC | ETW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.94 | -0.95 |
| Martin ratioReturn relative to average drawdown | 3.32 | 8.89 | -5.57 |
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Drawdowns
ERC vs. ETW - Drawdown Comparison
The maximum ERC drawdown since its inception was -47.41%, smaller than the maximum ETW drawdown of -54.13%. Use the drawdown chart below to compare losses from any high point for ERC and ETW.
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Drawdown Indicators
| ERC | ETW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.41% | -54.13% | +6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -10.16% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -16.28% | +6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -33.65% | -27.94% | -5.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.33% | -47.96% | +6.63% |
Current DrawdownCurrent decline from peak | -1.19% | -1.55% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -7.65% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.21% | -0.18% |
Volatility
ERC vs. ETW - Volatility Comparison
The current volatility for Allspring Multi-Sector Income Fund (ERC) is 2.28%, while Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a volatility of 3.78%. This indicates that ERC experiences smaller price fluctuations and is considered to be less risky than ETW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERC | ETW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 3.78% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.23% | 10.91% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.02% | 12.94% | -3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 16.73% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 19.87% | -4.08% |
Dividends
ERC vs. ETW - Dividend Comparison
ERC's dividend yield for the trailing twelve months is around 9.54%, more than ETW's 8.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERC Allspring Multi-Sector Income Fund | 9.54% | 9.35% | 8.65% | 8.44% | 10.70% | 8.51% | 9.51% | 9.35% | 11.56% | 9.66% | 8.80% | 13.67% |
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 8.38% | 8.64% | 9.17% | 8.99% | 10.87% | 7.80% | 9.01% | 8.41% | 11.46% | 9.27% | 11.59% | 10.40% |
Financials
ERC vs. ETW - Financials Comparison
This section allows you to compare key financial metrics between Allspring Multi-Sector Income Fund and Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ERC and ETW have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETW has higher volatility (3.78%) compared to ERC (2.28%). In terms of maximum drawdown, ERC dropped -47.41% vs ETW's -54.13%.
ETW currently has the higher Sharpe Ratio (1.52 vs 0.75), 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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