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ETV vs. QYLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ETVQYLD
YTD Return7.82%6.57%
1Y Return13.99%19.44%
3Y Return (Ann)3.41%4.71%
5Y Return (Ann)6.28%7.26%
10Y Return (Ann)8.41%7.61%
Sharpe Ratio1.072.43
Daily Std Dev12.31%7.93%
Max Drawdown-52.11%-24.89%
Current Drawdown-5.30%0.00%

Correlation

0.55
-1.001.00

The correlation between ETV and QYLD is 0.55, 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. QYLD - Performance Comparison

In the year-to-date period, ETV achieves a 7.82% return, which is significantly higher than QYLD's 6.57% return. Over the past 10 years, ETV has outperformed QYLD with an annualized return of 8.41%, while QYLD has yielded a comparatively lower 7.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


80.00%90.00%100.00%110.00%120.00%130.00%140.00%OctoberNovemberDecember2024FebruaryMarch
140.44%
113.51%
ETV
QYLD

Compare stocks, funds, or ETFs


Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Global X NASDAQ 100 Covered Call ETF

Risk-Adjusted Performance

ETV vs. QYLD - 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ETV
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
1.07
QYLD
Global X NASDAQ 100 Covered Call ETF
2.43

ETV vs. QYLD - Sharpe Ratio Comparison

The current ETV Sharpe Ratio is 1.07, which is lower than the QYLD Sharpe Ratio of 2.43. The chart below compares the 12-month rolling Sharpe Ratio of ETV and QYLD.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
1.07
2.43
ETV
QYLD

Dividends

ETV vs. QYLD - Dividend Comparison

ETV's dividend yield for the trailing twelve months is around 8.76%, less than QYLD's 11.55% yield.


TTM20232022202120202019201820172016201520142013
ETV
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
8.76%9.24%10.57%7.94%8.66%8.89%9.86%8.65%8.96%8.69%9.46%9.49%
QYLD
Global X NASDAQ 100 Covered Call ETF
11.55%11.78%13.26%12.85%11.16%9.84%12.44%7.69%9.15%9.42%10.74%0.00%

Drawdowns

ETV vs. QYLD - Drawdown Comparison

The maximum ETV drawdown since its inception was -52.11%, which is greater than QYLD's maximum drawdown of -24.89%. The drawdown chart below compares losses from any high point along the way for ETV and QYLD


-20.00%-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-5.30%
0
ETV
QYLD

Volatility

ETV vs. QYLD - Volatility Comparison

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a higher volatility of 2.94% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.59%. This indicates that ETV's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%OctoberNovemberDecember2024FebruaryMarch
2.94%
1.59%
ETV
QYLD