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.
Key characteristics
| ETV | ETW | |
|---|---|---|
| YTD Return | 5.84% | 4.43% |
| 1Y Return | 13.97% | 7.06% |
| 3Y Return (Ann) | 1.20% | -1.42% |
| 5Y Return (Ann) | 5.27% | 4.28% |
| 10Y Return (Ann) | 7.82% | 5.11% |
| Sharpe Ratio | 1.03 | 0.54 |
| Daily Std Dev | 12.02% | 10.82% |
| Max Drawdown | -52.11% | -54.13% |
| Current Drawdown | -7.04% | -13.69% |
Fundamentals
| ETV | ETW | |
|---|---|---|
| Market Cap | $1.59B | $1.08B |
| PE Ratio | 5.57 | 4.50 |
| PEG Ratio | 0.00 | 0.00 |
| Revenue (TTM) | $0.00 | $0.00 |
| Gross Profit (TTM) | $0.00 | $0.00 |
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.
Performance
ETV vs. ETW - Performance Comparison
In the year-to-date period, ETV achieves a 5.84% return, which is significantly higher than ETW's 4.43% return. Over the past 10 years, ETV has outperformed ETW with an annualized return of 7.82%, while ETW has yielded a comparatively lower 5.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 9.03%, which matches ETW's 8.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 9.03% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% | 9.46% | 9.49% |
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 8.98% | 8.99% | 10.87% | 7.80% | 9.01% | 8.41% | 11.46% | 9.27% | 11.59% | 10.40% | 10.60% | 9.65% |
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 2.99%, while Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a volatility of 3.52%. 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