ETW vs. T
ETW (Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund) and T (AT&T Inc.) are both stocks. ETW operates in Asset Management (Financial Services), while T operates in Telecom Services (Communication Services). Over the past 10 years, ETW returned 8.52%/yr vs 2.70%/yr for T. At a 0.34 correlation, their price movements are largely independent.
Performance
ETW vs. T - Performance Comparison
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Returns By Period
In the year-to-date period, ETW achieves a 5.74% return, which is significantly higher than T's -6.13% return. Over the past 10 years, ETW has outperformed T with an annualized return of 8.52%, while T has yielded a comparatively lower 2.70% annualized return.
ETW
- 1D
- -0.53%
- 1M
- 0.18%
- YTD
- 5.74%
- 6M
- 5.85%
- 1Y
- 21.92%
- 3Y*
- 15.08%
- 5Y*
- 6.08%
- 10Y*
- 8.52%
T
- 1D
- 3.21%
- 1M
- -9.70%
- YTD
- -6.13%
- 6M
- -4.67%
- 1Y
- -15.59%
- 3Y*
- 20.20%
- 5Y*
- 7.06%
- 10Y*
- 2.70%
ETW vs. T - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 5.74% | 20.10% | 19.03% | 9.34% | -23.87% | 25.36% | 3.24% | 18.87% | -12.10% | 30.42% |
T AT&T Inc. | -6.13% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
Correlation
The correlation between ETW and T is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2005 | 0.34 |
The correlation between ETW and T shifts across timeframes, from -0.09 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ETW:
$2.74
T:
$3.04
ETW:
3.41
T:
7.49
ETW:
0.09
T:
0.31
ETW:
5.97
T:
1.31
ETW:
$169.79M
T:
$125.65B
ETW:
$121.86M
T:
$105.41B
ETW:
$296.96M
T:
$54.70B
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Return for Risk
ETW vs. T — Risk / Return Rank
ETW
T
ETW vs. T - 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 AT&T Inc. (T). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETW | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.90 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.66 | +2.83 |
| Martin ratioReturn relative to average drawdown | 10.20 | -1.40 | +11.60 |
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Drawdowns
ETW vs. T - Drawdown Comparison
The maximum ETW drawdown since its inception was -54.13%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for ETW and T.
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Drawdown Indicators
| ETW | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.13% | -64.15% | +10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -23.57% | +13.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.28% | -23.57% | +7.29% |
Max Drawdown (5Y)Largest decline over 5 years | -27.94% | -32.01% | +4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -47.96% | -42.35% | -5.61% |
Current DrawdownCurrent decline from peak | -1.60% | -20.80% | +19.20% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -15.72% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 11.14% | -8.99% |
Volatility
ETW vs. T - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is 3.71%, while AT&T Inc. (T) has a volatility of 8.49%. This indicates that ETW experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETW | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 8.49% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 18.37% | -8.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 22.66% | -10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 24.12% | -7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 23.79% | -3.91% |
Dividends
ETW vs. T - Dividend Comparison
ETW's dividend yield for the trailing twelve months is around 8.53%, more than T's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 8.53% | 8.64% | 9.17% | 8.99% | 10.87% | 7.80% | 9.01% | 8.41% | 11.46% | 9.27% | 11.59% | 10.40% |
T AT&T Inc. | 4.87% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Financials
ETW vs. T - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund and AT&T Inc.. 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
Frequently Asked Questions
ETW and T have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (8.49%) compared to ETW (3.71%). In terms of maximum drawdown, ETW dropped -54.13% vs T's -64.15%.
ETW currently has the higher Sharpe Ratio (1.77 vs -0.69), 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.
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