ETG vs. SPY
Compare and contrast key facts about Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) and State Street SPDR S&P 500 ETF (SPY).
ETG is an actively managed fund by Eaton Vance. It was launched on Jan 30, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
ETG vs. SPY - Performance Comparison
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ETG vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | -11.37% | 36.92% | 15.46% | 21.97% | -27.62% | 33.08% | 10.08% | 43.62% | -15.90% | 33.55% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ETG achieves a -11.37% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, ETG has underperformed SPY with an annualized return of 11.66%, while SPY has yielded a comparatively higher 13.98% annualized return.
ETG
- 1D
- 3.44%
- 1M
- -12.13%
- YTD
- -11.37%
- 6M
- -1.37%
- 1Y
- 18.89%
- 3Y*
- 16.18%
- 5Y*
- 9.36%
- 10Y*
- 11.66%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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ETG vs. SPY - Expense Ratio Comparison
ETG has a 2.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
ETG vs. SPY — Risk / Return Rank
ETG
SPY
ETG vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.93 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.45 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.53 | -0.42 |
Martin ratioReturn relative to average drawdown | 4.84 | 7.30 | -2.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETG | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.93 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.69 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.78 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.56 | -0.21 |
Correlation
The correlation between ETG and SPY is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ETG vs. SPY - Dividend Comparison
ETG's dividend yield for the trailing twelve months is around 7.71%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 7.71% | 6.72% | 8.03% | 7.02% | 9.94% | 6.02% | 6.74% | 6.83% | 9.08% | 7.69% | 8.74% | 7.93% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ETG vs. SPY - Drawdown Comparison
The maximum ETG drawdown since its inception was -74.76%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETG and SPY.
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Drawdown Indicators
| ETG | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.76% | -55.19% | -19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -16.64% | -12.05% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -31.64% | -24.50% | -7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -51.53% | -33.72% | -17.81% |
Current DrawdownCurrent decline from peak | -13.77% | -6.24% | -7.53% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -9.09% | -4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.52% | +1.29% |
Volatility
ETG vs. SPY - Volatility Comparison
Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) has a higher volatility of 7.08% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that ETG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETG | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 5.31% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 9.47% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 19.05% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.69% | 17.06% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 17.92% | +3.23% |