ETW vs. ETV
Compare and contrast key facts about Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETW or ETV.
Performance
ETW vs. ETV - Performance Comparison
Returns By Period
In the year-to-date period, ETW achieves a 19.03% return, which is significantly lower than ETV's 24.92% return. Over the past 10 years, ETW has underperformed ETV with an annualized return of 6.13%, while ETV has yielded a comparatively higher 8.72% annualized return.
ETW
19.03%
-0.55%
10.28%
21.33%
5.46%
6.13%
ETV
24.92%
2.87%
15.05%
26.19%
8.44%
8.72%
Fundamentals
| ETW | ETV |
|---|
Key characteristics
| ETW | ETV | |
|---|---|---|
| Sharpe Ratio | 1.75 | 2.27 |
| Sortino Ratio | 2.32 | 3.09 |
| Omega Ratio | 1.33 | 1.42 |
| Calmar Ratio | 1.14 | 1.97 |
| Martin Ratio | 12.17 | 13.88 |
| Ulcer Index | 1.77% | 1.91% |
| Daily Std Dev | 12.26% | 11.68% |
| Max Drawdown | -54.13% | -52.11% |
| Current Drawdown | -1.76% | 0.00% |
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Correlation
The correlation between ETW and ETV is 0.71, 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.
Risk-Adjusted Performance
ETW vs. ETV - 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 Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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. ETV - Dividend Comparison
ETW's dividend yield for the trailing twelve months is around 8.96%, more than ETV's 8.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 8.96% | 8.96% | 10.90% | 7.83% | 9.05% | 8.45% | 11.46% | 9.26% | 11.56% | 10.37% | 10.56% | 9.62% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.26% | 9.25% | 10.59% | 7.96% | 8.68% | 8.91% | 9.88% | 8.67% | 8.98% | 8.71% | 9.47% | 9.51% |
Drawdowns
ETW vs. ETV - Drawdown Comparison
The maximum ETW drawdown since its inception was -54.13%, roughly equal to the maximum ETV drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ETW and ETV. For additional features, visit the drawdowns tool.
Volatility
ETW vs. ETV - Volatility Comparison
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a higher volatility of 3.40% compared to Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) at 2.42%. This indicates that ETW's price experiences larger fluctuations and is considered to be riskier than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ETW vs. ETV - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund and Eaton Vance Tax-Managed Buy-Write Opportunities Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities