ETW vs. XYLD
Compare and contrast key facts about Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Global X S&P 500 Covered Call ETF (XYLD).
XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETW or XYLD.
Performance
ETW vs. XYLD - Performance Comparison
Returns By Period
In the year-to-date period, ETW achieves a 18.29% return, which is significantly higher than XYLD's 15.26% return. Over the past 10 years, ETW has underperformed XYLD with an annualized return of 6.12%, while XYLD has yielded a comparatively higher 6.76% annualized return.
ETW
18.29%
-0.98%
8.85%
21.65%
5.57%
6.12%
XYLD
15.26%
1.07%
9.22%
18.32%
6.45%
6.76%
Key characteristics
| ETW | XYLD | |
|---|---|---|
| Sharpe Ratio | 1.84 | 2.64 |
| Sortino Ratio | 2.42 | 3.59 |
| Omega Ratio | 1.35 | 1.69 |
| Calmar Ratio | 1.13 | 2.87 |
| Martin Ratio | 12.82 | 23.08 |
| Ulcer Index | 1.75% | 0.79% |
| Daily Std Dev | 12.22% | 6.90% |
| Max Drawdown | -54.13% | -33.46% |
| Current Drawdown | -2.41% | -0.62% |
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Correlation
The correlation between ETW and XYLD is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ETW vs. XYLD - 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 Global X S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
ETW's dividend yield for the trailing twelve months is around 8.85%, less than XYLD's 9.14% 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% |
XYLD Global X S&P 500 Covered Call ETF | 9.14% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
Drawdowns
ETW vs. XYLD - Drawdown Comparison
The maximum ETW drawdown since its inception was -54.13%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for ETW and XYLD. For additional features, visit the drawdowns tool.
Volatility
ETW vs. XYLD - Volatility Comparison
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a higher volatility of 3.64% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.44%. This indicates that ETW's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.