ETGIX vs. SPY
Compare and contrast key facts about Eaton Vance Greater India Fund (ETGIX) and SPDR S&P 500 ETF (SPY).
ETGIX is managed by Eaton Vance. It was launched on May 1, 1994. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETGIX or SPY.
Correlation
The correlation between ETGIX and SPY is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ETGIX vs. SPY - Performance Comparison
Key characteristics
ETGIX:
-0.06
SPY:
1.75
ETGIX:
0.02
SPY:
2.36
ETGIX:
1.00
SPY:
1.32
ETGIX:
-0.03
SPY:
2.66
ETGIX:
-0.10
SPY:
11.01
ETGIX:
7.64%
SPY:
2.03%
ETGIX:
14.20%
SPY:
12.77%
ETGIX:
-76.44%
SPY:
-55.19%
ETGIX:
-28.49%
SPY:
-2.12%
Returns By Period
In the year-to-date period, ETGIX achieves a -7.09% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, ETGIX has underperformed SPY with an annualized return of 2.93%, while SPY has yielded a comparatively higher 12.96% annualized return.
ETGIX
-7.09%
-0.83%
-14.02%
-1.30%
1.32%
2.93%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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ETGIX vs. SPY - Expense Ratio Comparison
ETGIX has a 1.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ETGIX vs. SPY — Risk-Adjusted Performance Rank
ETGIX
SPY
ETGIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Greater India Fund (ETGIX) and 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.
Dividends
ETGIX vs. SPY - Dividend Comparison
ETGIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | 0.00% | 0.00% | 0.00% | 2.45% | 0.00% | 0.00% | 0.00% | 1.17% | 3.32% | 0.56% | 0.80% | 1.87% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ETGIX vs. SPY - Drawdown Comparison
The maximum ETGIX drawdown since its inception was -76.44%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETGIX and SPY. For additional features, visit the drawdowns tool.
Volatility
ETGIX vs. SPY - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) has a higher volatility of 3.91% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that ETGIX'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.