ETEGX vs. ETG

Last updated Jun 5, 2026

ETEGX (Eaton Vance Small-Cap Fund) and ETG (Eaton Vance Tax Advantaged Global Dividend Income Closed Fund) are both mutual funds - ETEGX is a Small Cap Growth Equities fund managed by Eaton Vance, while ETG is a Global Equities fund actively managed by Eaton Vance. Over the past 10 years, ETEGX returned 8.17%/yr vs 12.90%/yr for ETG. A 0.65 correlation means they provide meaningful diversification when combined. ETEGX charges 1.21%/yr vs 2.57%/yr for ETG.

Performance

ETEGX vs. ETG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Small-Cap Fund (ETEGX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETEGX achieves a 1.65% return, which is significantly lower than ETG's 3.38% return. Over the past 10 years, ETEGX has underperformed ETG with an annualized return of 8.17%, while ETG has yielded a comparatively higher 12.90% annualized return.

ETEGX

• 1D: -0.37%
• 1M: -1.59%
• YTD: 1.65%
• 6M: 0.09%
• 1Y: -1.65%
• 3Y*: 4.76%
• 5Y*: 1.76%
• 10Y*: 8.17%

ETG

• 1D: 0.43%
• 1M: 3.56%
• YTD: 3.38%
• 6M: 6.99%
• 1Y: 23.01%
• 3Y*: 21.64%
• 5Y*: 10.46%
• 10Y*: 12.90%

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

ETEGX vs. ETG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETEGX Eaton Vance Small-Cap Fund	1.65%	-6.20%	14.65%	11.28%	-15.52%	21.45%	12.73%	27.57%	-6.00%	14.87%
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund	3.38%	36.92%	15.46%	21.97%	-27.62%	33.08%	10.08%	43.62%	-15.90%	33.55%

Correlation

The correlation between ETEGX and ETG is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.65

The correlation between ETEGX and ETG shifts across timeframes, from 0.53 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ETEGX vs. ETG — Risk / Return Rank

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

ETEGX

ETEGX Risk / Return Rank: 2
ETEGX Sharpe Ratio Rank: 2
ETEGX Sortino Ratio Rank: 2
ETEGX Omega Ratio Rank: 2
ETEGX Calmar Ratio Rank: 2
ETEGX Martin Ratio Rank: 2

ETG

ETG Risk / Return Rank: 23
ETG Sharpe Ratio Rank: 28
ETG Sortino Ratio Rank: 26
ETG Omega Ratio Rank: 26
ETG Calmar Ratio Rank: 16
ETG Martin Ratio Rank: 22

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.

ETEGX vs. ETG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Small-Cap Fund (ETEGX) 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.

	ETEGX	ETG	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	1.52	-1.64
Sortino ratio: Return per unit of downside risk	-0.07	2.15	-2.22
Omega ratio: Gain probability vs. loss probability	0.99	1.27	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.15	1.39	-1.54
Martin ratio: Return relative to average drawdown	-0.34	5.51	-5.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETEGX vs. ETG - Sharpe Ratio Comparison

The current ETEGX Sharpe Ratio is -0.12, which is lower than the ETG Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of ETEGX and ETG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETEGX	ETG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	1.52	-1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.53	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.61	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.38	-0.11

Drawdowns

ETEGX vs. ETG - Drawdown Comparison

The maximum ETEGX drawdown since its inception was -67.58%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for ETEGX and ETG.

Drawdown Indicators

	ETEGX	ETG	Difference
Max Drawdown Largest peak-to-trough decline	-67.58%	-74.76%	+7.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	-16.64%	+3.59%
Max Drawdown (3Y) Largest decline over 3 years	-19.98%	-16.95%	-3.03%
Max Drawdown (5Y) Largest decline over 5 years	-24.30%	-31.64%	+7.34%
Max Drawdown (10Y) Largest decline over 10 years	-36.66%	-51.53%	+14.87%
Current Drawdown Current decline from peak	-10.24%	-1.02%	-9.22%
Average Drawdown Average peak-to-trough decline	-22.76%	-13.47%	-9.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.79%	4.19%	+1.60%

Volatility

ETEGX vs. ETG - Volatility Comparison

Eaton Vance Small-Cap Fund (ETEGX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) have volatilities of 4.45% and 4.67%, 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

	ETEGX	ETG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.67%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	12.29%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	15.24%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	19.82%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	21.25%	-1.41%

ETEGX vs. ETG - Expense Ratio Comparison

ETEGX has a 1.21% expense ratio, which is lower than ETG's 2.57% expense ratio.

Dividends

ETEGX vs. ETG - Dividend Comparison

ETEGX's dividend yield for the trailing twelve months is around 8.09%, more than ETG's 6.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETEGX Eaton Vance Small-Cap Fund	8.09%	8.23%	5.13%	0.68%	3.22%	13.87%	1.06%	7.19%	12.29%	11.02%	13.88%	23.25%
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund	6.69%	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

Can I hold both ETEGX and ETG in my portfolio?

ETEGX and ETG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETEGX or ETG?

ETG has higher volatility (4.67%) compared to ETEGX (4.45%). In terms of maximum drawdown, ETEGX dropped -67.58% vs ETG's -74.76%.

Which has better risk-adjusted returns?

ETG currently has the higher Sharpe Ratio (1.52 vs -0.12), 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.