ETO vs. EELDX
ETO (Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund) and EELDX (Eaton Vance Emerging Markets Debt Opportunities Fund) are both mutual funds - ETO is a Global Equities fund tracking the MSCI World Index, while EELDX is a Emerging Markets Bonds fund managed by Eaton Vance. Over the past 10 years, ETO returned 12.18%/yr vs 7.92%/yr for EELDX. Their 0.38 correlation means their historical movements had little consistent relationship. ETO charges 2.56%/yr vs 0.78%/yr for EELDX.
Performance
ETO vs. EELDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETO achieves a 7.11% return, which is significantly lower than EELDX's 8.57% return. Over the past 10 years, ETO has outperformed EELDX with an annualized return of 12.18%, while EELDX has yielded a comparatively lower 7.92% annualized return.
ETO
- 1D
- 0.97%
- 1M
- 1.90%
- 6M
- 5.97%
- YTD
- 7.11%
- 1Y
- 26.50%
- 3Y*
- 19.68%
- 5Y*
- 8.87%
- 10Y*
- 12.18%
- ALL TIME*
- 10.59%
EELDX
- 1D
- 0.12%
- 1M
- 0.31%
- 6M
- 5.27%
- YTD
- 8.57%
- 1Y
- 17.54%
- 3Y*
- 14.22%
- 5Y*
- 8.71%
- 10Y*
- 7.92%
- ALL TIME*
- 6.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.02M | $931.22K | $1.13M |
ETO vs. EELDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | 7.11% | 29.96% | 15.55% | 21.54% | -29.96% | 37.18% | 6.25% | 50.98% | -19.19% | 33.57% |
EELDX Eaton Vance Emerging Markets Debt Opportunities Fund | 8.57% | 15.80% | 14.87% | 11.46% | -6.14% | 1.55% | 7.44% | 18.34% | -4.27% | 13.05% |
Correlation
The correlation between ETO and EELDX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.38 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETO vs. EELDX — Risk / Return Rank
ETO
EELDX
ETO vs. EELDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) and Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETO | EELDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.36 | ||
| Sortino ratioReturn per unit of downside risk | -5.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 2.27 | -0.96 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 4.79 | -3.05 |
| Martin ratioReturn relative to average drawdown | 7.76 | 19.47 | -11.71 |
Loading charts...
Drawdowns
ETO vs. EELDX - Drawdown Comparison
The maximum ETO drawdown since its inception was -72.02%, which is greater than EELDX's maximum drawdown of -19.12%. Use the drawdown chart below to compare losses from any high point for ETO and EELDX.
Loading charts...
Drawdown Indicators
| ETO | EELDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.02% | -19.12% | -52.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -3.68% | -11.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.24% | -3.98% | -14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -35.44% | -17.35% | -18.09% |
Max Drawdown (10Y)Largest decline over 10 years | -52.03% | -19.12% | -32.91% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -2.87% | -9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.90% | +2.52% |
Volatility
ETO vs. EELDX - Volatility Comparison
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) has a higher volatility of 4.72% compared to Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) at 0.66%. This indicates that ETO's price experiences larger fluctuations and is considered to be riskier than EELDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETO | EELDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 0.66% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 2.99% | +9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 3.48% | +12.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 4.61% | +15.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 4.71% | +17.98% |
ETO vs. EELDX - Expense Ratio Comparison
ETO has a 2.56% expense ratio, which is higher than EELDX's 0.78% expense ratio.
Dividends
ETO vs. EELDX - Dividend Comparison
ETO's dividend yield for the trailing twelve months is around 6.66%, less than EELDX's 10.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EELDX Eaton Vance Emerging Markets Debt Opportunities Fund | 10.73% | 9.44% | 8.58% | 9.02% | 9.17% | 7.87% | 7.71% | 7.86% | 8.16% | 7.90% | 4.12% | 1.65% |
ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | 6.66% | 6.85% | 7.81% | 6.97% | 9.87% | 5.82% | 7.36% | 8.32% | 11.51% | 8.50% | 9.51% | 9.29% |
Frequently Asked Questions
ETO and EELDX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETO has higher volatility (4.72%) compared to EELDX (0.66%). In terms of maximum drawdown, ETO dropped -72.02% vs EELDX's -19.12%.
EELDX currently has the higher Sharpe Ratio (5.07 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ETO and EELDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer