ETNYX vs. ETG
Compare and contrast key facts about Eaton Vance New York Municipal Income Fund (ETNYX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG).
ETNYX is managed by Eaton Vance. It was launched on Apr 14, 1994. ETG is an actively managed fund by Eaton Vance. It was launched on Jan 30, 2004.
Performance
ETNYX vs. ETG - Performance Comparison
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ETNYX vs. ETG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETNYX Eaton Vance New York Municipal Income Fund | -0.26% | 3.15% | 1.56% | 7.56% | -10.23% | 1.47% | 5.55% | 8.01% | 0.37% | 5.04% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | -8.73% | 36.92% | 15.46% | 21.97% | -27.62% | 33.08% | 10.08% | 43.62% | -15.90% | 33.55% |
Returns By Period
In the year-to-date period, ETNYX achieves a -0.26% return, which is significantly higher than ETG's -8.73% return. Over the past 10 years, ETNYX has underperformed ETG with an annualized return of 1.95%, while ETG has yielded a comparatively higher 11.99% annualized return.
ETNYX
- 1D
- 0.33%
- 1M
- -2.26%
- YTD
- -0.26%
- 6M
- 0.98%
- 1Y
- 3.21%
- 3Y*
- 2.89%
- 5Y*
- 0.54%
- 10Y*
- 1.95%
ETG
- 1D
- 2.98%
- 1M
- -8.64%
- YTD
- -8.73%
- 6M
- 0.80%
- 1Y
- 22.64%
- 3Y*
- 17.32%
- 5Y*
- 10.00%
- 10Y*
- 11.99%
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ETNYX vs. ETG - Expense Ratio Comparison
ETNYX has a 0.68% expense ratio, which is lower than ETG's 2.57% expense ratio.
Return for Risk
ETNYX vs. ETG — Risk / Return Rank
ETNYX
ETG
ETNYX vs. ETG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance New York Municipal Income Fund (ETNYX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG). 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.
| ETNYX | ETG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.13 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.73 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.35 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.14 | 5.79 | -3.65 |
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
| ETNYX | ETG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.13 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.51 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.57 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.36 | +0.50 |
Correlation
The correlation between ETNYX and ETG is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ETNYX vs. ETG - Dividend Comparison
ETNYX's dividend yield for the trailing twelve months is around 3.68%, less than ETG's 7.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETNYX Eaton Vance New York Municipal Income Fund | 3.68% | 4.55% | 3.80% | 2.48% | 2.32% | 2.34% | 4.45% | 2.82% | 2.87% | 3.00% | 3.17% | 3.51% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 7.49% | 6.72% | 8.03% | 7.02% | 9.94% | 6.02% | 6.74% | 6.83% | 9.08% | 7.69% | 8.74% | 7.93% |
Drawdowns
ETNYX vs. ETG - Drawdown Comparison
The maximum ETNYX drawdown since its inception was -31.71%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for ETNYX and ETG.
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Drawdown Indicators
| ETNYX | ETG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.71% | -74.76% | +43.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -16.64% | +10.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.97% | -31.64% | +15.67% |
Max Drawdown (10Y)Largest decline over 10 years | -15.97% | -51.53% | +35.56% |
Current DrawdownCurrent decline from peak | -2.57% | -11.20% | +8.63% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -13.55% | +10.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 3.88% | -1.71% |
Volatility
ETNYX vs. ETG - Volatility Comparison
The current volatility for Eaton Vance New York Municipal Income Fund (ETNYX) is 1.33%, while Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) has a volatility of 7.67%. This indicates that ETNYX experiences smaller price fluctuations and is considered to be less risky than ETG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETNYX | ETG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 7.67% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 11.90% | -9.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 20.21% | -13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 19.73% | -14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 21.17% | -16.42% |