ETG vs. AKREX

Last updated Jun 24, 2026

ETG (Eaton Vance Tax Advantaged Global Dividend Income Closed Fund) and AKREX (Akre Focus Fund Retail Class) are both mutual funds - ETG is a Global Equities fund actively managed by Eaton Vance, while AKREX is a Large Cap Growth Equities fund managed by Akre. A 0.67 correlation means they provide meaningful diversification when combined. ETG charges 2.57%/yr vs 1.30%/yr for AKREX.

Performance

ETG vs. AKREX - Performance Comparison

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

Returns By Period

ETG

• 1D: -1.90%
• 1M: 0.30%
• YTD: 1.63%
• 6M: 3.61%
• 1Y: 21.66%
• 3Y*: 20.27%
• 5Y*: 9.48%
• 10Y*: 13.33%

AKREX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETG vs. AKREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund	1.63%	36.92%	15.46%	21.97%	-27.62%	33.08%	10.08%	43.62%	-15.90%	33.55%
AKREX Akre Focus Fund Retail Class	0.00%	1.72%	17.97%	28.39%	-22.95%	24.23%	20.37%	35.05%	5.25%	30.49%

Correlation

The correlation between ETG and AKREX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	0.67

Over the past year, the correlation between ETG and AKREX has dropped to 0.20 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

ETG vs. AKREX — Risk / Return Rank

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

ETG

ETG Risk / Return Rank: 23
ETG Sharpe Ratio Rank: 27
ETG Sortino Ratio Rank: 26
ETG Omega Ratio Rank: 26
ETG Calmar Ratio Rank: 15
ETG Martin Ratio Rank: 23

AKREX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ETG vs. AKREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) and Akre Focus Fund Retail Class (AKREX). 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.

	ETG	AKREX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	1.97	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.31	—	—
Martin ratio: Return relative to average drawdown	5.15	—	—

Drawdowns

Drawdown Indicators

	ETG	AKREX	Difference
Max Drawdown Largest peak-to-trough decline	-74.76%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.53%	—	—
Current Drawdown Current decline from peak	-2.70%	—	—
Average Drawdown Average peak-to-trough decline	-13.45%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	—	—

Volatility

Volatility by Period

	ETG	AKREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.68%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.21%	—	—

ETG vs. AKREX - Expense Ratio Comparison

ETG has a 2.57% expense ratio, which is higher than AKREX's 1.30% expense ratio.

Dividends

ETG vs. AKREX - Dividend Comparison

ETG's dividend yield for the trailing twelve months is around 6.84%, while AKREX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AKREX Akre Focus Fund Retail Class	4.80%	4.80%	5.07%	3.56%	6.73%	3.65%	0.00%	2.99%	0.55%	0.62%	0.18%	0.00%
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund	6.84%	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 ETG and AKREX in my portfolio?

ETG and AKREX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.