Correlation
The correlation between ETW and QQQX 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.
ETW vs. QQQX
Compare and contrast key facts about Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETW or QQQX.
Performance
ETW vs. QQQX - Performance Comparison
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Key characteristics
ETW:
0.79
QQQX:
0.65
ETW:
1.12
QQQX:
0.96
ETW:
1.17
QQQX:
1.14
ETW:
0.83
QQQX:
0.58
ETW:
4.12
QQQX:
1.96
ETW:
3.26%
QQQX:
6.75%
ETW:
18.99%
QQQX:
22.07%
ETW:
-54.13%
QQQX:
-57.24%
ETW:
-0.61%
QQQX:
-6.95%
Fundamentals
Returns By Period
In the year-to-date period, ETW achieves a 3.94% return, which is significantly higher than QQQX's -4.48% return. Over the past 10 years, ETW has underperformed QQQX with an annualized return of 6.11%, while QQQX has yielded a comparatively higher 10.45% annualized return.
ETW
3.94%
3.38%
2.92%
14.14%
8.11%
9.58%
6.11%
QQQX
-4.48%
4.30%
0.01%
13.77%
9.55%
8.98%
10.45%
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Risk-Adjusted Performance
ETW vs. QQQX — Risk-Adjusted Performance Rank
ETW
QQQX
ETW vs. QQQX - 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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.
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Dividends
ETW vs. QQQX - Dividend Comparison
ETW's dividend yield for the trailing twelve months is around 9.42%, more than QQQX's 7.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 9.42% | 9.12% | 8.96% | 10.90% | 7.83% | 9.05% | 8.45% | 11.46% | 9.26% | 11.56% | 10.37% | 10.56% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 7.77% | 6.73% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% |
Drawdowns
ETW vs. QQQX - Drawdown Comparison
The maximum ETW drawdown since its inception was -54.13%, smaller than the maximum QQQX drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for ETW and QQQX.
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Volatility
ETW vs. QQQX - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is 2.54%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 3.72%. This indicates that ETW experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
ETW vs. QQQX - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund and Nuveen Nasdaq 100 Dynamic Overwrite 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