ETG vs. FMIEX

Last updated Jul 15, 2026

ETG (Eaton Vance Tax Advantaged Global Dividend Income Closed Fund) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both Global Equities funds. Over the past 10 years, ETG returned 13.13%/yr vs 11.15%/yr for FMIEX. A 0.65 correlation means they provide meaningful diversification when combined. ETG charges 2.57%/yr vs 1.10%/yr for FMIEX.

Performance

ETG vs. FMIEX - 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 Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETG achieves a 4.99% return, which is significantly lower than FMIEX's 13.85% return. Over the past 10 years, ETG has outperformed FMIEX with an annualized return of 13.13%, while FMIEX has yielded a comparatively lower 11.15% annualized return.

ETG

• 1D: 0.86%
• 1M: 2.00%
• 6M: 3.65%
• YTD: 4.99%
• 1Y: 18.52%
• 3Y*: 19.92%
• 5Y*: 10.56%
• 10Y*: 13.13%

FMIEX

• 1D: 0.24%
• 1M: -0.35%
• 6M: 11.25%
• YTD: 13.85%
• 1Y: 26.68%
• 3Y*: 18.84%
• 5Y*: 12.42%
• 10Y*: 11.15%

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

ETG vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund	4.99%	36.92%	15.46%	21.97%	-27.62%	33.08%	10.08%	43.62%	-15.90%	33.55%
FMIEX Wasatch Global Value Fund Investor Class Shares	13.85%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%

Correlation

The correlation between ETG and FMIEX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 29, 2004	0.65

The correlation between ETG and FMIEX shifts across timeframes, from 0.50 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ETG vs. FMIEX — Risk / Return Rank

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

ETG

ETG Risk / Return Rank: 26
ETG Sharpe Ratio Rank: 30
ETG Sortino Ratio Rank: 30
ETG Omega Ratio Rank: 29
ETG Calmar Ratio Rank: 18
ETG Martin Ratio Rank: 25

FMIEX

FMIEX Risk / Return Rank: 92
FMIEX Sharpe Ratio Rank: 96
FMIEX Sortino Ratio Rank: 94
FMIEX Omega Ratio Rank: 88
FMIEX Calmar Ratio Rank: 92
FMIEX Martin Ratio Rank: 93

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. FMIEX - 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 Wasatch Global Value Fund Investor Class Shares (FMIEX). 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	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.82	-1.65
Sortino ratio: Return per unit of downside risk	1.71	4.12	-2.41
Omega ratio: Gain probability vs. loss probability	1.21	1.50	-0.29
Calmar ratio: Return relative to maximum drawdown	1.12	3.84	-2.72
Martin ratio: Return relative to average drawdown	4.40	14.69	-10.29

ETG vs. FMIEX - Sharpe Ratio Comparison

The current ETG Sharpe Ratio is 1.18, which is lower than the FMIEX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of ETG and FMIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETG vs. FMIEX - Drawdown Comparison

The maximum ETG drawdown since its inception was -74.76%, which is greater than FMIEX's maximum drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for ETG and FMIEX.

Drawdown Indicators

	ETG	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-74.76%	-49.85%	-24.91%
Max Drawdown (1Y) Largest decline over 1 year	-16.64%	-7.04%	-9.60%
Max Drawdown (3Y) Largest decline over 3 years	-16.95%	-9.52%	-7.43%
Max Drawdown (5Y) Largest decline over 5 years	-31.64%	-18.63%	-13.01%
Max Drawdown (10Y) Largest decline over 10 years	-51.53%	-39.33%	-12.20%
Current Drawdown Current decline from peak	-0.97%	-0.67%	-0.30%
Average Drawdown Average peak-to-trough decline	-13.42%	-6.56%	-6.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	1.84%	+2.38%

Volatility

ETG vs. FMIEX - Volatility Comparison

Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) has a higher volatility of 4.02% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 3.00%. This indicates that ETG's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETG	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.00%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	12.99%	7.55%	+5.44%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	9.59%	+6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	12.65%	+7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.17%	15.65%	+5.52%

ETG vs. FMIEX - Expense Ratio Comparison

ETG has a 2.57% expense ratio, which is higher than FMIEX's 1.10% expense ratio.

Dividends

ETG vs. FMIEX - Dividend Comparison

ETG's dividend yield for the trailing twelve months is around 6.62%, more than FMIEX's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund	6.62%	6.72%	8.03%	7.02%	9.94%	6.02%	6.74%	6.83%	9.08%	7.69%	8.74%	7.93%
FMIEX Wasatch Global Value Fund Investor Class Shares	5.03%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%

Frequently Asked Questions

Can I hold both ETG and FMIEX in my portfolio?

ETG and FMIEX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETG or FMIEX?

ETG has higher volatility (4.02%) compared to FMIEX (3.00%). In terms of maximum drawdown, ETG dropped -74.76% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (2.82 vs 1.18), 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.