ETG vs. EARRX
ETG (Eaton Vance Tax Advantaged Global Dividend Income Closed Fund) and EARRX (Eaton Vance Short Duration Inflation-Protected Income Fund Class A) are both mutual funds - ETG is a Global Equities fund actively managed by Eaton Vance, while EARRX is a Inflation-Protected Bonds fund managed by Eaton Vance. Over the past 10 years, ETG returned 12.99%/yr vs 3.66%/yr for EARRX. At a 0.18 correlation, their price movements are largely independent. ETG charges 2.57%/yr vs 0.85%/yr for EARRX.
Performance
ETG vs. EARRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETG achieves a 2.94% return, which is significantly higher than EARRX's 1.58% return. Over the past 10 years, ETG has outperformed EARRX with an annualized return of 12.99%, while EARRX has yielded a comparatively lower 3.66% annualized return.
ETG
- 1D
- -1.45%
- 1M
- 4.27%
- YTD
- 2.94%
- 6M
- 6.30%
- 1Y
- 22.84%
- 3Y*
- 21.34%
- 5Y*
- 10.36%
- 10Y*
- 12.99%
EARRX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 1.58%
- 6M
- 1.52%
- 1Y
- 3.80%
- 3Y*
- 5.40%
- 5Y*
- 3.65%
- 10Y*
- 3.66%
ETG vs. EARRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 2.94% | 36.92% | 15.46% | 21.97% | -27.62% | 33.08% | 10.08% | 43.62% | -15.90% | 33.55% |
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A | 1.58% | 5.46% | 5.39% | 5.95% | -3.22% | 7.50% | 5.05% | 5.29% | -0.49% | 1.81% |
Correlation
The correlation between ETG and EARRX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012 | 0.18 |
The correlation between ETG and EARRX shifts across timeframes, from 0.04 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
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
ETG vs. EARRX — Risk / Return Rank
ETG
EARRX
ETG vs. EARRX - 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 Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). 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.
| ETG | EARRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.57 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 4.84 | -3.46 |
| Martin ratioReturn relative to average drawdown | 5.47 | 18.23 | -12.77 |
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
| ETG | EARRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.55 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.32 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 1.35 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 1.07 | -0.69 |
Drawdowns
ETG vs. EARRX - Drawdown Comparison
The maximum ETG drawdown since its inception was -74.76%, which is greater than EARRX's maximum drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for ETG and EARRX.
Loading charts...
Drawdown Indicators
| ETG | EARRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.76% | -10.27% | -64.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.64% | -0.79% | -15.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.95% | -1.18% | -15.77% |
Max Drawdown (5Y)Largest decline over 5 years | -31.64% | -6.39% | -25.25% |
Max Drawdown (10Y)Largest decline over 10 years | -51.53% | -10.27% | -41.26% |
Current DrawdownCurrent decline from peak | -1.45% | -0.10% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -13.48% | -1.08% | -12.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 0.21% | +3.98% |
Volatility
ETG vs. EARRX - Volatility Comparison
Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) has a higher volatility of 4.76% compared to Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) at 0.49%. This indicates that ETG's price experiences larger fluctuations and is considered to be riskier than EARRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETG | EARRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 0.49% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 1.14% | +11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 1.50% | +13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.82% | 2.77% | +17.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 2.71% | +18.54% |
ETG vs. EARRX - Expense Ratio Comparison
ETG has a 2.57% expense ratio, which is higher than EARRX's 0.85% expense ratio.
Dividends
ETG vs. EARRX - Dividend Comparison
ETG's dividend yield for the trailing twelve months is around 6.72%, more than EARRX's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A | 3.82% | 4.36% | 3.83% | 4.24% | 4.82% | 3.32% | 2.02% | 2.46% | 2.67% | 1.90% | 2.00% | 1.73% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 6.72% | 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
ETG and EARRX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETG has higher volatility (4.76%) compared to EARRX (0.49%). In terms of maximum drawdown, ETG dropped -74.76% vs EARRX's -10.27%.
EARRX currently has the higher Sharpe Ratio (2.55 vs 1.51), 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 ETG and EARRX
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