ETGIX vs. PIN
Compare and contrast key facts about Eaton Vance Greater India Fund (ETGIX) and Invesco India ETF (PIN).
ETGIX is managed by Eaton Vance. It was launched on May 1, 1994. PIN is a passively managed fund by Invesco that tracks the performance of the FTSE India Quality and Yield Select Net Tax (US RIC) Index. It was launched on Mar 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETGIX or PIN.
Key characteristics
ETGIX | PIN | |
---|---|---|
YTD Return | 7.88% | 5.31% |
1Y Return | 31.38% | 27.43% |
3Y Return (Ann) | 7.99% | 10.63% |
5Y Return (Ann) | 11.20% | 12.41% |
10Y Return (Ann) | 10.11% | 9.06% |
Sharpe Ratio | 2.56 | 2.25 |
Daily Std Dev | 12.08% | 12.09% |
Max Drawdown | -73.65% | -64.54% |
Current Drawdown | -1.27% | -1.93% |
Correlation
The correlation between ETGIX and PIN is 0.82, 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.
Performance
ETGIX vs. PIN - Performance Comparison
In the year-to-date period, ETGIX achieves a 7.88% return, which is significantly higher than PIN's 5.31% return. Over the past 10 years, ETGIX has outperformed PIN with an annualized return of 10.11%, while PIN has yielded a comparatively lower 9.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ETGIX vs. PIN - Expense Ratio Comparison
ETGIX has a 1.57% expense ratio, which is higher than PIN's 0.78% expense ratio.
Risk-Adjusted Performance
ETGIX vs. PIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Greater India Fund (ETGIX) and Invesco India ETF (PIN). 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.
Dividends
ETGIX vs. PIN - Dividend Comparison
ETGIX's dividend yield for the trailing twelve months is around 4.50%, more than PIN's 1.97% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Eaton Vance Greater India Fund | 4.50% | 4.85% | 21.62% | 8.60% | 0.24% | 2.79% | 1.18% | 3.28% | 0.55% | 0.78% | 1.82% | 0.00% |
Invesco India ETF | 1.97% | 2.08% | 14.07% | 6.95% | 0.72% | 27.85% | 0.95% | 1.01% | 1.18% | 0.61% | 0.99% | 0.48% |
Drawdowns
ETGIX vs. PIN - Drawdown Comparison
The maximum ETGIX drawdown since its inception was -73.65%, which is greater than PIN's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for ETGIX and PIN. For additional features, visit the drawdowns tool.
Volatility
ETGIX vs. PIN - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) and Invesco India ETF (PIN) have volatilities of 2.67% and 2.78%, 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.