ETV vs. CALM
ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) and CALM (Cal-Maine Foods, Inc.) are both stocks. ETV operates in Asset Management (Financial Services), while CALM operates in Farm Products (Consumer Defensive). Over the past 10 years, ETV returned 9.42%/yr vs 9.71%/yr for CALM. At a 0.23 correlation, their price movements are largely independent.
Performance
ETV vs. CALM - Performance Comparison
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Returns By Period
In the year-to-date period, ETV achieves a 8.19% return, which is significantly higher than CALM's -1.01% return. Both investments have delivered pretty close results over the past 10 years, with ETV having a 9.42% annualized return and CALM not far ahead at 9.71%.
ETV
- 1D
- 1.29%
- 1M
- 2.81%
- YTD
- 8.19%
- 6M
- 8.26%
- 1Y
- 21.04%
- 3Y*
- 15.54%
- 5Y*
- 7.27%
- 10Y*
- 9.42%
CALM
- 1D
- -0.73%
- 1M
- -0.68%
- YTD
- -1.01%
- 6M
- -8.09%
- 1Y
- -20.64%
- 3Y*
- 24.07%
- 5Y*
- 22.74%
- 10Y*
- 9.71%
ETV vs. CALM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.19% | 8.63% | 27.67% | 9.94% | -19.73% | 18.41% | 13.03% | 21.25% | -4.29% | 12.98% |
CALM Cal-Maine Foods, Inc. | -1.01% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
Correlation
The correlation between ETV and CALM is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2005 | 0.23 |
The correlation between ETV and CALM shifts across timeframes, from -0.01 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ETV:
$1.74B
CALM:
$3.69B
ETV:
$4.95
CALM:
$14.48
ETV:
3.01
CALM:
5.37
ETV:
0.10
CALM:
0.00
ETV:
5.73
CALM:
1.08
ETV:
0.95
CALM:
1.36
ETV:
$303.84M
CALM:
$3.46B
ETV:
$149.51M
CALM:
$1.17B
ETV:
$578.17M
CALM:
$1.05B
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Return for Risk
ETV vs. CALM — Risk / Return Rank
ETV
CALM
ETV vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and Cal-Maine Foods, Inc. (CALM). 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.
| ETV | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.91 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.56 | +2.60 |
| Martin ratioReturn relative to average drawdown | 10.40 | -0.85 | +11.25 |
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Drawdowns
ETV vs. CALM - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, smaller than the maximum CALM drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for ETV and CALM.
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Drawdown Indicators
| ETV | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -74.08% | +21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -37.00% | +26.66% |
Max Drawdown (3Y)Largest decline over 3 years | -20.27% | -37.00% | +16.73% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -37.00% | +14.29% |
Max Drawdown (10Y)Largest decline over 10 years | -42.39% | -39.12% | -3.27% |
Current DrawdownCurrent decline from peak | 0.00% | -31.50% | +31.50% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -30.31% | +24.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 24.26% | -22.23% |
Volatility
ETV vs. CALM - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) is 3.62%, while Cal-Maine Foods, Inc. (CALM) has a volatility of 6.08%. This indicates that ETV experiences smaller price fluctuations and is considered to be less risky than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETV | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 6.08% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 20.30% | -10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 32.73% | -20.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 32.63% | -15.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 31.13% | -11.84% |
Dividends
ETV vs. CALM - Dividend Comparison
ETV's dividend yield for the trailing twelve months is around 7.99%, more than CALM's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.18% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 7.99% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
Financials
ETV vs. CALM - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Tax-Managed Buy-Write Opportunities Fund and Cal-Maine Foods, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ETV and CALM have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALM has higher volatility (6.08%) compared to ETV (3.62%). In terms of maximum drawdown, ETV dropped -52.11% vs CALM's -74.08%.
ETV currently has the higher Sharpe Ratio (1.70 vs -0.63), 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.
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