ETW vs. CTA
Compare and contrast key facts about Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Simplify Managed Futures Strategy ETF (CTA).
CTA is an actively managed fund by Simplify. It was launched on Mar 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETW or CTA.
Correlation
The correlation between ETW and CTA is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ETW vs. CTA - Performance Comparison
Key characteristics
ETW:
0.87
CTA:
1.90
ETW:
1.21
CTA:
2.92
ETW:
1.16
CTA:
1.33
ETW:
0.76
CTA:
2.84
ETW:
5.40
CTA:
5.65
ETW:
2.07%
CTA:
4.19%
ETW:
12.85%
CTA:
12.48%
ETW:
-54.13%
CTA:
-18.07%
ETW:
-4.19%
CTA:
-0.62%
Returns By Period
In the year-to-date period, ETW achieves a 0.20% return, which is significantly lower than CTA's 7.64% return.
ETW
0.20%
-0.88%
0.05%
12.00%
13.28%
6.12%
CTA
7.64%
4.06%
18.06%
23.56%
N/A
N/A
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Risk-Adjusted Performance
ETW vs. CTA — Risk-Adjusted Performance Rank
ETW
CTA
ETW vs. CTA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Simplify Managed Futures Strategy ETF (CTA). 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.
Dividends
ETW vs. CTA - Dividend Comparison
ETW's dividend yield for the trailing twelve months is around 9.61%, more than CTA's 4.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 9.61% | 9.12% | 8.96% | 10.90% | 7.83% | 9.05% | 8.45% | 11.46% | 9.26% | 11.56% | 10.37% | 10.56% |
CTA Simplify Managed Futures Strategy ETF | 4.37% | 4.80% | 7.78% | 6.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ETW vs. CTA - Drawdown Comparison
The maximum ETW drawdown since its inception was -54.13%, which is greater than CTA's maximum drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for ETW and CTA. For additional features, visit the drawdowns tool.
Volatility
ETW vs. CTA - Volatility Comparison
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a higher volatility of 4.57% compared to Simplify Managed Futures Strategy ETF (CTA) at 3.34%. This indicates that ETW's price experiences larger fluctuations and is considered to be riskier than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.