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:
0.43
SPY:
1.88
ETGIX:
0.65
SPY:
2.51
ETGIX:
1.09
SPY:
1.35
ETGIX:
0.19
SPY:
2.83
ETGIX:
1.23
SPY:
11.89
ETGIX:
4.92%
SPY:
2.00%
ETGIX:
14.10%
SPY:
12.69%
ETGIX:
-76.44%
SPY:
-55.19%
ETGIX:
-26.65%
SPY:
-3.89%
Returns By Period
In the year-to-date period, ETGIX achieves a -4.69% return, which is significantly lower than SPY's -0.66% return. Over the past 10 years, ETGIX has underperformed SPY with an annualized return of 3.58%, while SPY has yielded a comparatively higher 13.18% annualized return.
ETGIX
-4.69%
-8.62%
-11.56%
4.92%
2.10%
3.58%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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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 1.21%.
| 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 | 1.21% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 4.70% and 4.61%, 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.