Correlation
The correlation between ETV and VOO is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
ETV vs. VOO
Compare and contrast key facts about Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETV or VOO.
Performance
ETV vs. VOO - Performance Comparison
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Key characteristics
ETV:
0.77
VOO:
0.74
ETV:
1.13
VOO:
1.04
ETV:
1.17
VOO:
1.15
ETV:
0.71
VOO:
0.68
ETV:
2.80
VOO:
2.58
ETV:
5.17%
VOO:
4.93%
ETV:
20.08%
VOO:
19.54%
ETV:
-52.11%
VOO:
-33.99%
ETV:
-4.44%
VOO:
-3.55%
Returns By Period
In the year-to-date period, ETV achieves a -2.03% return, which is significantly lower than VOO's 0.90% return. Over the past 10 years, ETV has underperformed VOO with an annualized return of 8.03%, while VOO has yielded a comparatively higher 12.81% annualized return.
ETV
-2.03%
4.18%
-1.55%
13.87%
7.53%
8.92%
8.03%
VOO
0.90%
4.04%
-1.46%
13.29%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
ETV vs. VOO — Risk-Adjusted Performance Rank
ETV
VOO
ETV vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.
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Dividends
ETV vs. VOO - Dividend Comparison
ETV's dividend yield for the trailing twelve months is around 8.76%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.76% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% | 9.46% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
ETV vs. VOO - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ETV and VOO.
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Volatility
ETV vs. VOO - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) is 4.26%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that ETV experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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