ETB vs. BINC
ETB (Eaton Vance Tax-Managed Buy-Write Income Fund) and BINC (iShares Flexible Income Active ETF) are both funds - ETB is a Options Trading fund managed by Eaton Vance, while BINC is a Multisector Bonds fund actively managed by iShares. Over the past 3 years, ETB returned 15.32%/yr vs 7.00%/yr for BINC. At a 0.39 correlation, their price movements are largely independent. ETB charges 0.01%/yr vs 0.40%/yr for BINC.
Performance
ETB vs. BINC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETB achieves a 4.96% return, which is significantly higher than BINC's 0.92% return.
ETB
- 1D
- -0.06%
- 1M
- 1.02%
- YTD
- 4.96%
- 6M
- 5.97%
- 1Y
- 20.11%
- 3Y*
- 15.32%
- 5Y*
- 7.63%
- 10Y*
- 8.49%
BINC
- 1D
- 0.02%
- 1M
- 0.50%
- YTD
- 0.92%
- 6M
- 1.32%
- 1Y
- 5.62%
- 3Y*
- 7.00%
- 5Y*
- —
- 10Y*
- —
ETB vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETB Eaton Vance Tax-Managed Buy-Write Income Fund | 4.96% | 11.16% | 26.22% | 5.94% |
BINC iShares Flexible Income Active ETF | 0.92% | 7.57% | 5.76% | 7.08% |
Correlation
The correlation between ETB and BINC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETB vs. BINC — Risk / Return Rank
ETB
BINC
ETB vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) and iShares Flexible Income Active ETF (BINC). 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.
| ETB | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.50 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.10 | +0.11 |
| Martin ratioReturn relative to average drawdown | 11.57 | 8.26 | +3.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETB | BINC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.48 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 2.36 | -1.96 |
Drawdowns
ETB vs. BINC - Drawdown Comparison
The maximum ETB drawdown since its inception was -51.09%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for ETB and BINC.
Loading charts...
Drawdown Indicators
| ETB | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.09% | -2.69% | -48.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.16% | -2.69% | -6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.09% | -2.69% | -17.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.08% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.47% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -0.36% | -6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 0.68% | +1.06% |
Volatility
ETB vs. BINC - Volatility Comparison
Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) has a higher volatility of 2.57% compared to iShares Flexible Income Active ETF (BINC) at 0.75%. This indicates that ETB's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETB | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 0.75% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 1.84% | +7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 2.28% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 3.00% | +13.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 3.00% | +15.01% |
ETB vs. BINC - Expense Ratio Comparison
ETB has a 0.01% expense ratio, which is lower than BINC's 0.40% expense ratio.
Dividends
ETB vs. BINC - Dividend Comparison
ETB's dividend yield for the trailing twelve months is around 8.20%, more than BINC's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.86% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETB Eaton Vance Tax-Managed Buy-Write Income Fund | 8.20% | 8.31% | 8.21% | 8.62% | 9.63% | 7.57% | 8.64% | 7.90% | 9.64% | 7.75% | 7.85% | 7.77% |
Frequently Asked Questions
ETB and BINC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETB has higher volatility (2.57%) compared to BINC (0.75%). In terms of maximum drawdown, ETB dropped -51.09% vs BINC's -2.69%.
BINC currently has the higher Sharpe Ratio (2.48 vs 1.81), 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.
Find the right allocation for ETB and BINC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer