ETV vs. ^GSPC
Compare and contrast key facts about Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETV or ^GSPC.
Correlation
The correlation between ETV and ^GSPC is 0.67, 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. ^GSPC - Performance Comparison
Key characteristics
ETV:
2.18
^GSPC:
2.10
ETV:
2.97
^GSPC:
2.80
ETV:
1.40
^GSPC:
1.39
ETV:
1.92
^GSPC:
3.09
ETV:
13.61
^GSPC:
13.49
ETV:
1.88%
^GSPC:
1.94%
ETV:
11.72%
^GSPC:
12.52%
ETV:
-52.11%
^GSPC:
-56.78%
ETV:
-1.85%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, ETV achieves a 25.91% return, which is significantly higher than ^GSPC's 24.34% return. Over the past 10 years, ETV has underperformed ^GSPC with an annualized return of 8.69%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
ETV
25.91%
1.13%
12.22%
25.20%
8.22%
8.69%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
ETV vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
ETV vs. ^GSPC - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ETV and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ETV vs. ^GSPC - Volatility Comparison
Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and S&P 500 (^GSPC) have volatilities of 3.62% and 3.79%, 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.