ETV vs. SPY

In the year-to-date period, ETV achieves a -3.75% return, which is significantly lower than SPY's -0.23% return. Over the past 10 years, ETV has underperformed SPY with an annualized return of 7.88%, while SPY has yielded a comparatively higher 12.59% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and SPDR S&P 500 ETF (SPY). 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.

The current ETV Sharpe Ratio is 0.66, which is comparable to the SPY Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of ETV and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

ETV's dividend yield for the trailing twelve months is around 8.85%, more than SPY's 1.23% yield.

The maximum ETV drawdown since its inception was -52.11%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETV and SPY. For additional features, visit the drawdowns tool.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and SPDR S&P 500 ETF (SPY) have volatilities of 6.52% and 6.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.