ETTGX vs. PROVX
Compare and contrast key facts about Eaton Vance Tax Managed Growth 1.1 Fund (ETTGX) and Provident Trust Strategy Fund (PROVX).
ETTGX is managed by BlackRock. It was launched on Mar 28, 1996. PROVX is managed by Provident. It was launched on Dec 30, 1986.
Performance
ETTGX vs. PROVX - Performance Comparison
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ETTGX vs. PROVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETTGX Eaton Vance Tax Managed Growth 1.1 Fund | -5.61% | 16.69% | 25.16% | 28.24% | -20.11% | 24.69% | 23.05% | 29.32% | -5.28% | 22.35% |
PROVX Provident Trust Strategy Fund | -5.40% | 13.10% | 19.73% | 17.59% | -22.62% | 31.96% | 19.47% | 25.71% | -1.31% | 29.40% |
Returns By Period
The year-to-date returns for both investments are quite close, with ETTGX having a -5.61% return and PROVX slightly higher at -5.40%. Over the past 10 years, ETTGX has outperformed PROVX with an annualized return of 13.45%, while PROVX has yielded a comparatively lower 11.71% annualized return.
ETTGX
- 1D
- 3.17%
- 1M
- -5.07%
- YTD
- -5.61%
- 6M
- -3.40%
- 1Y
- 14.28%
- 3Y*
- 17.76%
- 5Y*
- 10.56%
- 10Y*
- 13.45%
PROVX
- 1D
- 2.35%
- 1M
- -3.77%
- YTD
- -5.40%
- 6M
- 1.13%
- 1Y
- 10.85%
- 3Y*
- 14.93%
- 5Y*
- 7.08%
- 10Y*
- 11.71%
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ETTGX vs. PROVX - Expense Ratio Comparison
ETTGX has a 0.73% expense ratio, which is lower than PROVX's 0.93% expense ratio.
Return for Risk
ETTGX vs. PROVX — Risk / Return Rank
ETTGX
PROVX
ETTGX vs. PROVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Growth 1.1 Fund (ETTGX) and Provident Trust Strategy Fund (PROVX). 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.
| ETTGX | PROVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.77 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.26 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.00 | +0.31 |
Martin ratioReturn relative to average drawdown | 5.56 | 3.81 | +1.75 |
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
| ETTGX | PROVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.77 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.46 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.73 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.49 | +0.04 |
Correlation
The correlation between ETTGX and PROVX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ETTGX vs. PROVX - Dividend Comparison
ETTGX's dividend yield for the trailing twelve months is around 3.16%, less than PROVX's 17.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETTGX Eaton Vance Tax Managed Growth 1.1 Fund | 3.16% | 2.98% | 2.11% | 0.58% | 0.64% | 0.35% | 0.62% | 0.83% | 0.93% | 0.88% | 1.06% | 1.06% |
PROVX Provident Trust Strategy Fund | 17.76% | 16.80% | 6.94% | 4.61% | 19.17% | 0.35% | 9.04% | 4.40% | 5.80% | 1.54% | 1.92% | 7.73% |
Drawdowns
ETTGX vs. PROVX - Drawdown Comparison
The maximum ETTGX drawdown since its inception was -52.02%, smaller than the maximum PROVX drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for ETTGX and PROVX.
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Drawdown Indicators
| ETTGX | PROVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.02% | -57.65% | +5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -12.54% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.03% | -27.48% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -27.48% | -5.50% |
Current DrawdownCurrent decline from peak | -7.71% | -10.07% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -13.23% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.29% | -0.53% |
Volatility
ETTGX vs. PROVX - Volatility Comparison
Eaton Vance Tax Managed Growth 1.1 Fund (ETTGX) has a higher volatility of 5.71% compared to Provident Trust Strategy Fund (PROVX) at 4.20%. This indicates that ETTGX's price experiences larger fluctuations and is considered to be riskier than PROVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETTGX | PROVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 4.20% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 8.81% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 14.60% | +3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 15.59% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 16.12% | +2.19% |