ETY vs. MEIFX
Compare and contrast key facts about Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) and Meridian Enhanced Equity Fund (MEIFX).
ETY is an actively managed fund by Eaton Vance. It was launched on Nov 27, 2006. MEIFX is managed by Meridian. It was launched on Jan 31, 2005.
Performance
ETY vs. MEIFX - Performance Comparison
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ETY vs. MEIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | -7.42% | 11.02% | 33.11% | 21.83% | -21.21% | 32.61% | 7.27% | 33.68% | -8.96% | 28.72% |
MEIFX Meridian Enhanced Equity Fund | -1.60% | 6.51% | 13.19% | 18.96% | -16.43% | 15.15% | 26.18% | 44.95% | -0.51% | 27.94% |
Returns By Period
In the year-to-date period, ETY achieves a -7.42% return, which is significantly lower than MEIFX's -1.60% return. Over the past 10 years, ETY has underperformed MEIFX with an annualized return of 11.66%, while MEIFX has yielded a comparatively higher 13.78% annualized return.
ETY
- 1D
- 0.94%
- 1M
- -5.89%
- YTD
- -7.42%
- 6M
- -8.71%
- 1Y
- 5.70%
- 3Y*
- 14.96%
- 5Y*
- 10.29%
- 10Y*
- 11.66%
MEIFX
- 1D
- 0.08%
- 1M
- -2.94%
- YTD
- -1.60%
- 6M
- -1.90%
- 1Y
- 5.28%
- 3Y*
- 9.70%
- 5Y*
- 5.75%
- 10Y*
- 13.78%
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ETY vs. MEIFX - Expense Ratio Comparison
ETY has a 1.06% expense ratio, which is lower than MEIFX's 1.20% expense ratio.
Return for Risk
ETY vs. MEIFX — Risk / Return Rank
ETY
MEIFX
ETY vs. MEIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) and Meridian Enhanced Equity Fund (MEIFX). 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.
| ETY | MEIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 0.30 | -0.01 |
Sortino ratioReturn per unit of downside risk | 0.56 | 0.55 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.39 | 0.49 | -0.10 |
Martin ratioReturn relative to average drawdown | 1.45 | 2.30 | -0.85 |
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
| ETY | MEIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.30 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.37 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.77 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.51 | -0.13 |
Correlation
The correlation between ETY and MEIFX is 0.63, 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.
Dividends
ETY vs. MEIFX - Dividend Comparison
ETY's dividend yield for the trailing twelve months is around 8.55%, more than MEIFX's 7.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | 8.55% | 7.76% | 7.59% | 7.92% | 10.04% | 7.01% | 8.26% | 8.08% | 9.92% | 8.30% | 9.77% | 9.03% |
MEIFX Meridian Enhanced Equity Fund | 7.36% | 7.25% | 14.61% | 0.61% | 9.28% | 25.44% | 13.26% | 40.49% | 11.67% | 1.18% | 0.78% | 4.24% |
Drawdowns
ETY vs. MEIFX - Drawdown Comparison
The maximum ETY drawdown since its inception was -53.06%, roughly equal to the maximum MEIFX drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for ETY and MEIFX.
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Drawdown Indicators
| ETY | MEIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.06% | -54.37% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -8.99% | -5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -23.54% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -42.46% | -28.67% | -13.79% |
Current DrawdownCurrent decline from peak | -9.46% | -7.42% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -7.76% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 2.05% | +1.82% |
Volatility
ETY vs. MEIFX - Volatility Comparison
Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) has a higher volatility of 7.04% compared to Meridian Enhanced Equity Fund (MEIFX) at 3.54%. This indicates that ETY's price experiences larger fluctuations and is considered to be riskier than MEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETY | MEIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 3.54% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 7.12% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 14.91% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 15.93% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.85% | 17.95% | +1.90% |