Correlation
The correlation between ETW and V is 0.73, 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. V
Compare and contrast key facts about Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Visa Inc. (V).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETW or V.
Performance
ETW vs. V - Performance Comparison
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Key characteristics
ETW:
0.77
V:
1.64
ETW:
1.11
V:
2.01
ETW:
1.17
V:
1.30
ETW:
0.81
V:
2.20
ETW:
4.04
V:
7.73
ETW:
3.27%
V:
4.27%
ETW:
19.04%
V:
22.04%
ETW:
-54.13%
V:
-51.90%
ETW:
-0.97%
V:
-1.49%
Fundamentals
Returns By Period
In the year-to-date period, ETW achieves a 3.57% return, which is significantly lower than V's 15.05% return. Over the past 10 years, ETW has underperformed V with an annualized return of 6.08%, while V has yielded a comparatively higher 18.85% annualized return.
ETW
3.57%
3.51%
3.40%
14.44%
7.49%
9.50%
6.08%
V
15.05%
6.29%
15.54%
35.77%
20.32%
13.98%
18.85%
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Risk-Adjusted Performance
ETW vs. V — Risk-Adjusted Performance Rank
ETW
V
ETW vs. V - 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 Visa Inc. (V). 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. V - Dividend Comparison
ETW's dividend yield for the trailing twelve months is around 9.51%, more than V's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 9.51% | 9.17% | 8.99% | 10.87% | 7.80% | 9.01% | 8.41% | 11.46% | 9.27% | 11.59% | 10.40% | 10.60% |
V Visa Inc. | 0.63% | 0.68% | 0.72% | 0.76% | 0.62% | 0.56% | 0.56% | 0.67% | 0.61% | 0.75% | 0.64% | 0.64% |
Drawdowns
ETW vs. V - Drawdown Comparison
The maximum ETW drawdown since its inception was -54.13%, roughly equal to the maximum V drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for ETW and V.
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Volatility
ETW vs. V - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is 2.60%, while Visa Inc. (V) has a volatility of 4.41%. This indicates that ETW experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
ETW vs. V - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund and Visa 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