ETV vs. ETW
Compare and contrast key facts about Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETV or ETW.
Performance
ETV vs. ETW - Performance Comparison
Returns By Period
In the year-to-date period, ETV achieves a 24.77% return, which is significantly higher than ETW's 19.54% return. Over the past 10 years, ETV has outperformed ETW with an annualized return of 8.64%, while ETW has yielded a comparatively lower 6.16% annualized return.
ETV
24.77%
3.32%
13.58%
25.88%
8.44%
8.64%
ETW
19.54%
0.07%
9.33%
22.14%
5.68%
6.16%
Fundamentals
| ETV | ETW |
|---|
Key characteristics
| ETV | ETW | |
|---|---|---|
| Sharpe Ratio | 2.36 | 1.87 |
| Sortino Ratio | 3.21 | 2.47 |
| Omega Ratio | 1.44 | 1.35 |
| Calmar Ratio | 2.06 | 1.20 |
| Martin Ratio | 14.53 | 13.07 |
| Ulcer Index | 1.91% | 1.76% |
| Daily Std Dev | 11.76% | 12.25% |
| Max Drawdown | -52.11% | -54.13% |
| Current Drawdown | 0.00% | -1.38% |
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Correlation
The correlation between ETV and ETW is 0.71, 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.
Risk-Adjusted Performance
ETV vs. ETW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW). 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.
Dividends
ETV vs. ETW - Dividend Comparison
ETV's dividend yield for the trailing twelve months is around 8.18%, less than ETW's 8.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 7.51% | 9.25% | 10.59% | 7.96% | 8.68% | 8.91% | 9.88% | 8.67% | 8.98% | 8.71% | 9.47% | 9.51% |
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 8.08% | 8.96% | 10.90% | 7.83% | 9.05% | 8.45% | 11.46% | 9.26% | 11.56% | 10.37% | 10.56% | 9.62% |
Drawdowns
ETV vs. ETW - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, roughly equal to the maximum ETW drawdown of -54.13%. Use the drawdown chart below to compare losses from any high point for ETV and ETW. For additional features, visit the drawdowns tool.
Volatility
ETV vs. ETW - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) is 2.55%, while Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a volatility of 3.72%. This indicates that ETV experiences smaller price fluctuations and is considered to be less risky than ETW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ETV vs. ETW - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Tax-Managed Buy-Write Opportunities Fund and Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund. 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