ETW vs. ETV

Last updated Apr 2, 2026

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).

Performance

ETW vs. ETV - 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 Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). The values are adjusted to include any dividend payments, if applicable.

ETW vs. ETV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund	-1.13%	20.10%	19.03%	9.34%	-23.87%	25.36%	3.24%	18.87%	-12.10%	30.42%
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	-1.81%	8.63%	27.67%	9.94%	-19.73%	18.41%	13.03%	21.25%	-4.29%	12.98%

Fundamentals

Market Cap ETW : $968.69M ETV : $1.61B
EPS ETW : $2.74 ETV : $4.95
PE Ratio ETW : 3.26 ETV : 2.79
PEG Ratio ETW : 0.09 ETV : 0.09
PS Ratio ETW : 5.71 ETV : 5.31
PB Ratio ETW : 0.87 ETV : 0.88
Total Revenue (TTM) ETW : $169.79M ETV : $303.84M
Gross Profit (TTM) ETW : $121.86M ETV : $149.51M
EBITDA (TTM) ETW : $296.96M ETV : $578.17M

Returns By Period

In the year-to-date period, ETW achieves a -1.13% return, which is significantly higher than ETV's -1.81% return. Over the past 10 years, ETW has underperformed ETV with an annualized return of 7.94%, while ETV has yielded a comparatively higher 8.51% annualized return.

ETW

• 1D: 1.59%
• 1M: -4.90%
• YTD: -1.13%
• 6M: 2.63%
• 1Y: 18.63%
• 3Y*: 13.24%
• 5Y*: 6.18%
• 10Y*: 7.94%

ETV

• 1D: 1.02%
• 1M: -5.32%
• YTD: -1.81%
• 6M: 1.04%
• 1Y: 13.72%
• 3Y*: 12.50%
• 5Y*: 6.66%
• 10Y*: 8.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ETW vs. ETV — Risk / Return Rank

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

ETW

ETW Risk / Return Rank: 74
ETW Sharpe Ratio Rank: 74
ETW Sortino Ratio Rank: 69
ETW Omega Ratio Rank: 74
ETW Calmar Ratio Rank: 69
ETW Martin Ratio Rank: 83

ETV

ETV Risk / Return Rank: 65
ETV Sharpe Ratio Rank: 66
ETV Sortino Ratio Rank: 58
ETV Omega Ratio Rank: 62
ETV Calmar Ratio Rank: 63
ETV Martin Ratio Rank: 77

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. ETV - 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 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.

	ETW	ETV	Difference
Sharpe ratio Return per unit of total volatility	1.02	0.71	+0.31
Sortino ratio Return per unit of downside risk	1.60	1.12	+0.48
Omega ratio Gain probability vs. loss probability	1.25	1.17	+0.07
Calmar ratio Return relative to maximum drawdown	1.45	1.04	+0.42
Martin ratio Return relative to average drawdown	7.33	5.24	+2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETW vs. ETV - Sharpe Ratio Comparison

The current ETW Sharpe Ratio is 1.02, which is higher than the ETV Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of ETW and ETV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ETW	ETV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	0.71	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.40	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.44	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.41	-0.08

Correlation

The correlation between ETW and ETV is 0.72, 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.

Dividends

ETW vs. ETV - Dividend Comparison

ETW's dividend yield for the trailing twelve months is around 8.93%, more than ETV's 8.63% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund	8.93%	8.64%	9.17%	8.99%	10.87%	7.80%	9.01%	8.41%	11.46%	9.27%	11.59%	10.40%
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	8.63%	8.30%	8.18%	9.24%	10.57%	7.94%	8.66%	8.89%	9.86%	8.65%	8.96%	8.69%

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.

Drawdown Indicators

	ETW	ETV	Difference
Max Drawdown Largest peak-to-trough decline	-54.13%	-52.11%	-2.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.62%	-13.37%	+0.75%
Max Drawdown (5Y) Largest decline over 5 years	-27.94%	-22.71%	-5.23%
Max Drawdown (10Y) Largest decline over 10 years	-47.96%	-42.39%	-5.57%
Current Drawdown Current decline from peak	-5.50%	-5.84%	+0.34%
Average Drawdown Average peak-to-trough decline	-7.75%	-5.61%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.65%	-0.15%

Volatility

ETW vs. ETV - Volatility Comparison

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) have volatilities of 6.68% and 6.71%, 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.

Volatility by Period

	ETW	ETV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	6.71%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	10.12%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	19.36%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	16.85%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	19.32%	+0.51%

Financials