ETV vs. RIO.L
ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) and RIO.L (Rio Tinto PLC) are both stocks. ETV operates in Asset Management (Financial Services), while RIO.L operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, ETV returned 9.42%/yr vs 20.72%/yr for RIO.L. At a 0.32 correlation, their price movements are largely independent.
Performance
ETV vs. RIO.L - Performance Comparison
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Different Trading Currencies
ETV is traded in USD, while RIO.L is traded in GBp. To make them comparable, the RIO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETV achieves a 8.19% return, which is significantly lower than RIO.L's 24.60% return. Over the past 10 years, ETV has underperformed RIO.L with an annualized return of 9.42%, while RIO.L has yielded a comparatively higher 20.72% 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%
RIO.L
- 1D
- -2.39%
- 1M
- -4.70%
- YTD
- 24.60%
- 6M
- 28.73%
- 1Y
- 84.66%
- 3Y*
- 21.37%
- 5Y*
- 12.55%
- 10Y*
- 20.72%
ETV vs. RIO.L - 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% |
RIO.L Rio Tinto PLC | 24.60% | 44.94% | -14.82% | 12.61% | 17.90% | -0.65% | 34.36% | 33.42% | -5.37% | 43.93% |
Correlation
The correlation between ETV and RIO.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2007 | 0.32 |
The correlation between ETV and RIO.L shifts across timeframes, from 0.25 (10 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ETV:
$1.74B
RIO.L:
£121.15B
ETV:
$4.95
RIO.L:
$13.15
ETV:
3.01
RIO.L:
7.44
ETV:
5.73
RIO.L:
1.44
ETV:
0.95
RIO.L:
2.58
ETV:
$303.84M
RIO.L:
$111.44B
ETV:
$149.51M
RIO.L:
$45.93B
ETV:
$578.17M
RIO.L:
$44.33B
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Return for Risk
ETV vs. RIO.L — Risk / Return Rank
ETV
RIO.L
ETV vs. RIO.L - 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 Rio Tinto PLC (RIO.L). 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 | RIO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 5.48 | -3.43 |
| Martin ratioReturn relative to average drawdown | 10.40 | 19.48 | -9.08 |
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Drawdowns
ETV vs. RIO.L - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, smaller than the maximum RIO.L drawdown of -88.71%. Use the drawdown chart below to compare losses from any high point for ETV and RIO.L.
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Drawdown Indicators
| ETV | RIO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -88.71% | +36.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -15.38% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.27% | -23.98% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -35.65% | +12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.39% | -38.42% | -3.97% |
Current DrawdownCurrent decline from peak | 0.00% | -12.56% | +12.56% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -28.10% | +22.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 4.33% | -2.30% |
Volatility
ETV vs. RIO.L - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) is 3.62%, while Rio Tinto PLC (RIO.L) has a volatility of 9.71%. This indicates that ETV experiences smaller price fluctuations and is considered to be less risky than RIO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETV | RIO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 9.71% | -6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 23.54% | -13.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 28.04% | -15.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 29.47% | -12.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 30.70% | -11.41% |
Dividends
ETV vs. RIO.L - Dividend Comparison
ETV's dividend yield for the trailing twelve months is around 7.99%, more than RIO.L's 4.06% 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% |
RIO.L Rio Tinto PLC | 4.06% | 4.75% | 7.16% | 5.53% | 9.90% | 14.14% | 5.43% | 5.76% | 6.07% | 4.66% | 3.42% | 7.42% |
Financials
ETV vs. RIO.L - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Tax-Managed Buy-Write Opportunities Fund and Rio Tinto PLC. 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 RIO.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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