ETV vs. EVTMX
Compare and contrast key facts about Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and Eaton Vance Dividend Builder Fund (EVTMX).
EVTMX is managed by Eaton Vance. It was launched on Dec 18, 1981.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETV or EVTMX.
Key characteristics
| ETV | EVTMX | |
|---|---|---|
| YTD Return | 5.84% | 2.22% |
| 1Y Return | 13.97% | 12.97% |
| 3Y Return (Ann) | 1.20% | 4.83% |
| 5Y Return (Ann) | 5.27% | 9.90% |
| 10Y Return (Ann) | 7.82% | 10.00% |
| Sharpe Ratio | 1.03 | 1.14 |
| Daily Std Dev | 12.02% | 10.21% |
| Max Drawdown | -52.11% | -65.04% |
| Current Drawdown | -7.04% | -4.94% |
Correlation
The correlation between ETV and EVTMX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ETV vs. EVTMX - Performance Comparison
In the year-to-date period, ETV achieves a 5.84% return, which is significantly higher than EVTMX's 2.22% return. Over the past 10 years, ETV has underperformed EVTMX with an annualized return of 7.82%, while EVTMX has yielded a comparatively higher 10.00% 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. EVTMX - 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 Dividend Builder Fund (EVTMX). 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. EVTMX - Dividend Comparison
ETV's dividend yield for the trailing twelve months is around 9.03%, more than EVTMX's 3.26% 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% |
EVTMX Eaton Vance Dividend Builder Fund | 3.26% | 3.25% | 29.74% | 6.44% | 2.62% | 4.71% | 10.71% | 9.99% | 5.81% | 11.41% | 5.49% | 1.34% |
Drawdowns
ETV vs. EVTMX - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, smaller than the maximum EVTMX drawdown of -65.04%. Use the drawdown chart below to compare losses from any high point for ETV and EVTMX. For additional features, visit the drawdowns tool.
Volatility
ETV vs. EVTMX - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) is 2.99%, while Eaton Vance Dividend Builder Fund (EVTMX) has a volatility of 3.31%. This indicates that ETV experiences smaller price fluctuations and is considered to be less risky than EVTMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.