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ETV vs. USD=X
Performance
Return for Risk
Drawdowns
Volatility

Performance

ETV vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period


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%

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETV vs. USD=X - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
USD=X
USD Cash
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

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Return for Risk

ETV vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETV
ETV Risk / Return Rank: 8383
Overall Rank
ETV Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ETV Sortino Ratio Rank: 8282
Sortino Ratio Rank
ETV Omega Ratio Rank: 8181
Omega Ratio Rank
ETV Calmar Ratio Rank: 7676
Calmar Ratio Rank
ETV Martin Ratio Rank: 8989
Martin Ratio Rank

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETV vs. USD=X - 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 USD Cash (USD=X). 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.


ETVUSD=XDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.30

Calmar ratioReturn relative to maximum drawdown

2.04

Martin ratioReturn relative to average drawdown

10.40

ETV vs. USD=X - Sharpe Ratio Comparison


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Drawdowns

ETV vs. USD=X - Drawdown Comparison

The maximum ETV drawdown since its inception was -52.11%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ETV and USD=X.


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Drawdown Indicators


ETVUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-52.11%

0.00%

-52.11%

Max Drawdown (1Y)

Largest decline over 1 year

-10.34%

0.00%

-10.34%

Max Drawdown (3Y)

Largest decline over 3 years

-20.27%

0.00%

-20.27%

Max Drawdown (5Y)

Largest decline over 5 years

-22.71%

0.00%

-22.71%

Max Drawdown (10Y)

Largest decline over 10 years

-42.39%

0.00%

-42.39%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.57%

0.00%

-5.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

0.00%

+2.03%

Volatility

ETV vs. USD=X - Volatility Comparison

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a higher volatility of 3.62% compared to USD Cash (USD=X) at 0.00%. This indicates that ETV's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ETVUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.62%

0.00%

+3.62%

Volatility (6M)

Calculated over the trailing 6-month period

10.25%

0.00%

+10.25%

Volatility (1Y)

Calculated over the trailing 1-year period

12.46%

0.00%

+12.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.90%

0.00%

+16.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.29%

0.00%

+19.29%

Frequently Asked Questions


ETV has higher volatility (3.62%) compared to USD=X (0.00%). In terms of maximum drawdown, ETV dropped -52.11% vs USD=X's 0.00%.

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Find the right allocation for ETV and USD=X

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