ETSIX vs. ETY
Compare and contrast key facts about Eaton Vance Strategic Income Fund Class I (ETSIX) and Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY).
ETSIX is an actively managed fund by Eaton Vance. It was launched on Jan 23, 1998. ETY is an actively managed fund by Eaton Vance. It was launched on Nov 27, 2006.
Performance
ETSIX vs. ETY - Performance Comparison
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ETSIX vs. ETY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 0.45% | 10.88% | 6.38% | 8.24% | -2.55% | 1.33% | 7.52% | 6.58% | -2.68% | 4.90% |
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | -8.28% | 11.02% | 33.11% | 21.83% | -21.21% | 32.61% | 7.27% | 33.68% | -8.96% | 28.72% |
Returns By Period
In the year-to-date period, ETSIX achieves a 0.45% return, which is significantly higher than ETY's -8.28% return. Over the past 10 years, ETSIX has underperformed ETY with an annualized return of 4.65%, while ETY has yielded a comparatively higher 11.56% annualized return.
ETSIX
- 1D
- 0.13%
- 1M
- -2.30%
- YTD
- 0.45%
- 6M
- 3.28%
- 1Y
- 9.09%
- 3Y*
- 7.80%
- 5Y*
- 4.68%
- 10Y*
- 4.65%
ETY
- 1D
- 4.79%
- 1M
- -6.99%
- YTD
- -8.28%
- 6M
- -9.79%
- 1Y
- 4.64%
- 3Y*
- 14.60%
- 5Y*
- 10.08%
- 10Y*
- 11.56%
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ETSIX vs. ETY - Expense Ratio Comparison
ETSIX has a 1.46% expense ratio, which is higher than ETY's 1.06% expense ratio.
Return for Risk
ETSIX vs. ETY — Risk / Return Rank
ETSIX
ETY
ETSIX vs. ETY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Strategic Income Fund Class I (ETSIX) and Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY). 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.
| ETSIX | ETY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.05 | 0.23 | +2.82 |
Sortino ratioReturn per unit of downside risk | 4.31 | 0.49 | +3.82 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.07 | +0.61 |
Calmar ratioReturn relative to maximum drawdown | 3.61 | 0.35 | +3.26 |
Martin ratioReturn relative to average drawdown | 14.55 | 1.31 | +13.24 |
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
| ETSIX | ETY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.05 | 0.23 | +2.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.49 | 0.57 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.48 | 0.58 | +0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.38 | +0.95 |
Correlation
The correlation between ETSIX and ETY is 0.24, 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.
Dividends
ETSIX vs. ETY - Dividend Comparison
ETSIX's dividend yield for the trailing twelve months is around 7.11%, less than ETY's 8.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 7.11% | 5.65% | 6.97% | 6.93% | 5.56% | 4.31% | 4.19% | 4.29% | 3.98% | 3.70% | 3.94% | 4.32% |
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | 8.63% | 7.76% | 7.59% | 7.92% | 10.04% | 7.01% | 8.26% | 8.08% | 9.92% | 8.30% | 9.77% | 9.03% |
Drawdowns
ETSIX vs. ETY - Drawdown Comparison
The maximum ETSIX drawdown since its inception was -12.63%, smaller than the maximum ETY drawdown of -53.06%. Use the drawdown chart below to compare losses from any high point for ETSIX and ETY.
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Drawdown Indicators
| ETSIX | ETY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -53.06% | +40.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -14.40% | +11.97% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -24.06% | +17.72% |
Max Drawdown (10Y)Largest decline over 10 years | -12.28% | -42.46% | +30.18% |
Current DrawdownCurrent decline from peak | -2.30% | -10.30% | +8.00% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -7.62% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 3.82% | -3.22% |
Volatility
ETSIX vs. ETY - Volatility Comparison
The current volatility for Eaton Vance Strategic Income Fund Class I (ETSIX) is 1.24%, while Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) has a volatility of 6.94%. This indicates that ETSIX experiences smaller price fluctuations and is considered to be less risky than ETY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSIX | ETY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 6.94% | -5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 10.41% | -8.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 20.26% | -17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.16% | 17.85% | -14.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 19.85% | -16.70% |