ETV vs. O
ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) and O (Realty Income Corporation) are both stocks. ETV operates in Asset Management (Financial Services), while O operates in REIT - Retail (Real Estate). Over the past 10 years, ETV returned 9.42%/yr vs 4.56%/yr for O. At a 0.31 correlation, their price movements are largely independent.
Performance
ETV vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, ETV achieves a 8.19% return, which is significantly lower than O's 9.20% return. Over the past 10 years, ETV has outperformed O with an annualized return of 9.42%, while O has yielded a comparatively lower 4.56% annualized return.
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%
O
- 1D
- -0.54%
- 1M
- -2.79%
- YTD
- 9.20%
- 6M
- 9.80%
- 1Y
- 10.46%
- 3Y*
- 5.05%
- 5Y*
- 3.72%
- 10Y*
- 4.56%
ETV vs. O - 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% |
O Realty Income Corporation | 9.20% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between ETV and O is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2005 | 0.31 |
The correlation between ETV and O shifts across timeframes, from -0.12 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ETV:
$4.95
O:
$1.17
ETV:
3.01
O:
51.30
ETV:
0.10
O:
4.18
ETV:
5.73
O:
6.93
ETV:
$303.84M
O:
$5.92B
ETV:
$149.51M
O:
$3.89B
ETV:
$578.17M
O:
$3.93B
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Return for Risk
ETV vs. O — Risk / Return Rank
ETV
O
ETV vs. O - 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 Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.12 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 0.95 | +1.10 |
| Martin ratioReturn relative to average drawdown | 10.40 | 2.23 | +8.17 |
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Drawdowns
ETV vs. O - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for ETV and O.
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Drawdown Indicators
| ETV | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -48.45% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -11.10% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -20.27% | -26.49% | +6.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -34.48% | +11.77% |
Max Drawdown (10Y)Largest decline over 10 years | -42.39% | -48.28% | +5.89% |
Current DrawdownCurrent decline from peak | 0.00% | -9.66% | +9.66% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -9.20% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 4.70% | -2.67% |
Volatility
ETV vs. O - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) is 3.62%, while Realty Income Corporation (O) has a volatility of 5.70%. This indicates that ETV experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETV | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 5.70% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 12.21% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 16.44% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 18.92% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 25.65% | -6.36% |
Dividends
ETV vs. O - Dividend Comparison
ETV's dividend yield for the trailing twelve months is around 7.99%, more than O's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
O Realty Income Corporation | 5.37% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Financials
ETV vs. O - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Tax-Managed Buy-Write Opportunities Fund and Realty Income Corporation. 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 O have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.70%) compared to ETV (3.62%). In terms of maximum drawdown, ETV dropped -52.11% vs O's -48.45%.
ETV currently has the higher Sharpe Ratio (1.70 vs 0.64), 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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