ETW vs. VTI
Compare and contrast key facts about Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Vanguard Total Stock Market ETF (VTI).
VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on Jun 27, 2016.
Performance
ETW vs. VTI - Performance Comparison
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ETW vs. VTI - 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% |
VTI Vanguard Total Stock Market ETF | -3.29% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
Returns By Period
In the year-to-date period, ETW achieves a -1.13% return, which is significantly higher than VTI's -3.29% return. Over the past 10 years, ETW has underperformed VTI with an annualized return of 7.94%, while VTI has yielded a comparatively higher 13.69% 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%
VTI
- 1D
- 0.76%
- 1M
- -4.38%
- YTD
- -3.29%
- 6M
- -1.26%
- 1Y
- 18.60%
- 3Y*
- 18.14%
- 5Y*
- 10.63%
- 10Y*
- 13.69%
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Return for Risk
ETW vs. VTI — Risk / Return Rank
ETW
VTI
ETW vs. VTI - 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 Vanguard Total Stock Market ETF (VTI). 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 | VTI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.98 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.52 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.54 | -0.09 |
Martin ratioReturn relative to average drawdown | 7.33 | 7.30 | +0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETW | VTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.98 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.61 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.75 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.48 | -0.15 |
Correlation
The correlation between ETW and VTI 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.
Dividends
ETW vs. VTI - Dividend Comparison
ETW's dividend yield for the trailing twelve months is around 8.93%, more than VTI's 1.17% 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% |
VTI Vanguard Total Stock Market ETF | 1.17% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Drawdowns
ETW vs. VTI - Drawdown Comparison
The maximum ETW drawdown since its inception was -54.13%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for ETW and VTI.
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Drawdown Indicators
| ETW | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.13% | -55.45% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -12.30% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.94% | -25.36% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -47.96% | -35.00% | -12.96% |
Current DrawdownCurrent decline from peak | -5.50% | -5.54% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -8.08% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.60% | -0.10% |
Volatility
ETW vs. VTI - Volatility Comparison
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a higher volatility of 6.68% compared to Vanguard Total Stock Market ETF (VTI) at 5.48%. This indicates that ETW's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETW | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.48% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 9.75% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 19.02% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 17.41% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 18.29% | +1.54% |