ETY vs. VOO
Compare and contrast key facts about Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) and Vanguard S&P 500 ETF (VOO).
ETY is an actively managed fund by Eaton Vance. It was launched on Nov 27, 2006. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
ETY vs. VOO - Performance Comparison
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ETY vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, ETY achieves a -7.42% return, which is significantly lower than VOO's -3.66% return. Over the past 10 years, ETY has underperformed VOO with an annualized return of 11.66%, while VOO has yielded a comparatively higher 14.14% 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%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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ETY vs. VOO - Expense Ratio Comparison
ETY has a 1.06% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
ETY vs. VOO — Risk / Return Rank
ETY
VOO
ETY vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 1.01 | -0.73 |
Sortino ratioReturn per unit of downside risk | 0.56 | 1.53 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.39 | 1.55 | -1.16 |
Martin ratioReturn relative to average drawdown | 1.45 | 7.31 | -5.86 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.01 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.71 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.79 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.83 | -0.45 |
Correlation
The correlation between ETY and VOO is 0.76, 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
ETY vs. VOO - Dividend Comparison
ETY's dividend yield for the trailing twelve months is around 8.55%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
ETY vs. VOO - Drawdown Comparison
The maximum ETY drawdown since its inception was -53.06%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ETY and VOO.
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Drawdown Indicators
| ETY | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.06% | -33.99% | -19.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -11.98% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -24.52% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -42.46% | -33.99% | -8.47% |
Current DrawdownCurrent decline from peak | -9.46% | -5.55% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -3.72% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 2.55% | +1.32% |
Volatility
ETY vs. VOO - Volatility Comparison
Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) has a higher volatility of 7.04% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that ETY's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETY | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 5.34% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 9.47% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 18.11% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 16.82% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.85% | 17.99% | +1.86% |