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ETW vs. EOS-USD
Performance
Return for Risk
Drawdowns
Volatility

Performance

ETW vs. EOS-USD - Performance Comparison

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

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Returns By Period

In the year-to-date period, ETW achieves a 6.34% return, which is significantly higher than EOS-USD's -50.36% return.


ETW

1D
0.11%
1M
1.35%
YTD
6.34%
6M
7.58%
1Y
22.99%
3Y*
15.28%
5Y*
6.24%
10Y*
8.44%

EOS-USD

1D
1.17%
1M
-10.07%
YTD
-50.36%
6M
-58.40%
1Y
-87.33%
3Y*
-54.53%
5Y*
-57.47%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETW vs. EOS-USD - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ETW
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
6.34%20.10%19.03%9.34%-23.87%25.36%3.24%18.87%-12.10%9.22%
EOS-USD
EOS
-50.36%-79.52%-8.35%-1.89%-71.60%16.76%0.93%0.16%-70.72%931.30%

Correlation

The correlation between ETW and EOS-USD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2017

0.13

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Return for Risk

ETW vs. EOS-USD — Risk / Return Rank

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

ETW
ETW Risk / Return Rank: 8585
Overall Rank
ETW Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
ETW Sortino Ratio Rank: 8686
Sortino Ratio Rank
ETW Omega Ratio Rank: 8484
Omega Ratio Rank
ETW Calmar Ratio Rank: 7878
Calmar Ratio Rank
ETW Martin Ratio Rank: 8888
Martin Ratio Rank

EOS-USD
EOS-USD Risk / Return Rank: 99
Overall Rank
EOS-USD Sharpe Ratio Rank: 22
Sharpe Ratio Rank
EOS-USD Sortino Ratio Rank: 11
Sortino Ratio Rank
EOS-USD Omega Ratio Rank: 00
Omega Ratio Rank
EOS-USD Calmar Ratio Rank: 77
Calmar Ratio Rank
EOS-USD Martin Ratio Rank: 3535
Martin Ratio Rank
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.

ETW vs. EOS-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and EOS (EOS-USD). 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.


ETWEOS-USDDifference
Sharpe ratioReturn per unit of total volatility

+3.11

Sortino ratioReturn per unit of downside risk

+5.96

Omega ratioGain probability vs. loss probability

1.35

0.67

+0.67

Calmar ratioReturn relative to maximum drawdown

2.27

-0.98

+3.26

Martin ratioReturn relative to average drawdown

10.90

-1.31

+12.21

ETW vs. EOS-USD - Sharpe Ratio Comparison

The current ETW Sharpe Ratio is 1.91, which is higher than the EOS-USD Sharpe Ratio of -1.21. The chart below compares the historical Sharpe Ratios of ETW and EOS-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


ETWEOS-USDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.91

-1.21

+3.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.38

-0.66

+1.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

-0.19

+0.53

Drawdowns

ETW vs. EOS-USD - Drawdown Comparison

The maximum ETW drawdown since its inception was -54.13%, smaller than the maximum EOS-USD drawdown of -99.67%. Use the drawdown chart below to compare losses from any high point for ETW and EOS-USD.


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Drawdown Indicators


ETWEOS-USDDifference

Max Drawdown

Largest peak-to-trough decline

-54.13%

-99.67%

+45.54%

Max Drawdown (1Y)

Largest decline over 1 year

-10.16%

-88.61%

+78.45%

Max Drawdown (3Y)

Largest decline over 3 years

-16.28%

-94.74%

+78.46%

Max Drawdown (5Y)

Largest decline over 5 years

-27.94%

-98.86%

+70.92%

Max Drawdown (10Y)

Largest decline over 10 years

-47.96%

Current Drawdown

Current decline from peak

-1.05%

-99.63%

+98.58%

Average Drawdown

Average peak-to-trough decline

-7.69%

-84.90%

+77.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.12%

68.30%

-66.18%

Volatility

ETW vs. EOS-USD - Volatility Comparison

The current volatility for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is 3.64%, while EOS (EOS-USD) has a volatility of 18.46%. This indicates that ETW experiences smaller price fluctuations and is considered to be less risky than EOS-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ETWEOS-USDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

18.46%

-14.82%

Volatility (6M)

Calculated over the trailing 6-month period

9.69%

51.96%

-42.27%

Volatility (1Y)

Calculated over the trailing 1-year period

12.12%

61.53%

-49.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.71%

73.29%

-56.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.87%

104.57%

-84.70%

Frequently Asked Questions


ETW and EOS-USD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EOS-USD has higher volatility (18.46%) compared to ETW (3.64%). In terms of maximum drawdown, ETW dropped -54.13% vs EOS-USD's -99.67%.

ETW currently has the higher Sharpe Ratio (1.91 vs -1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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