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 May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETW or VTI.
Performance
ETW vs. VTI - Performance Comparison
Returns By Period
In the year-to-date period, ETW achieves a 18.29% return, which is significantly lower than VTI's 23.63% return. Over the past 10 years, ETW has underperformed VTI with an annualized return of 6.12%, while VTI has yielded a comparatively higher 12.59% annualized return.
ETW
18.29%
-0.98%
8.85%
21.65%
5.57%
6.12%
VTI
23.63%
0.87%
11.41%
32.34%
14.66%
12.59%
Key characteristics
| ETW | VTI | |
|---|---|---|
| Sharpe Ratio | 1.84 | 2.58 |
| Sortino Ratio | 2.42 | 3.45 |
| Omega Ratio | 1.35 | 1.48 |
| Calmar Ratio | 1.13 | 3.76 |
| Martin Ratio | 12.82 | 16.56 |
| Ulcer Index | 1.75% | 1.95% |
| Daily Std Dev | 12.22% | 12.51% |
| Max Drawdown | -54.13% | -55.45% |
| Current Drawdown | -2.41% | -2.43% |
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Correlation
The correlation between ETW and VTI is 0.70, 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.
Risk-Adjusted Performance
ETW vs. VTI - 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 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.
Dividends
ETW vs. VTI - Dividend Comparison
ETW's dividend yield for the trailing twelve months is around 8.85%, more than VTI's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 8.85% | 8.96% | 10.90% | 7.83% | 9.05% | 8.45% | 11.46% | 9.26% | 11.56% | 10.37% | 10.56% | 9.62% |
VTI Vanguard Total Stock Market ETF | 1.29% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
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. For additional features, visit the drawdowns tool.
Volatility
ETW vs. VTI - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is 3.64%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 4.28%. This indicates that ETW experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.