EVT vs. ADX
EVT (Eaton Vance Tax-Advantaged Dividend Income Fund) and ADX (Adams Diversified Equity Fund, Inc.) are both mutual funds - EVT is a Dividend fund managed by Eaton Vance, while ADX is a Large Cap Blend Equities fund actively managed by Adams Funds. Over the past 10 years, EVT returned 11.45%/yr vs 18.30%/yr for ADX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. EVT charges 0.01%/yr vs 0.59%/yr for ADX.
Performance
EVT vs. ADX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EVT having a 16.80% return and ADX slightly lower at 16.11%. Over the past 10 years, EVT has underperformed ADX with an annualized return of 11.45%, while ADX has yielded a comparatively higher 18.30% annualized return.
EVT
- 1D
- 0.25%
- 1M
- 2.05%
- 6M
- 12.48%
- YTD
- 16.80%
- 1Y
- 28.90%
- 3Y*
- 15.22%
- 5Y*
- 8.74%
- 10Y*
- 11.45%
- ALL TIME*
- 9.46%
ADX
- 1D
- 1.27%
- 1M
- 1.69%
- 6M
- 14.25%
- YTD
- 16.11%
- 1Y
- 30.61%
- 3Y*
- 26.36%
- 5Y*
- 17.06%
- 10Y*
- 18.30%
- ALL TIME*
- 8.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.83M | $7.82M | $6.92M | |
| $2.52M | $2.55M | $2.72M |
EVT vs. ADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVT Eaton Vance Tax-Advantaged Dividend Income Fund | 16.80% | 13.79% | 17.34% | 5.78% | -17.33% | 33.94% | 1.72% | 44.71% | -11.92% | 21.80% |
ADX Adams Diversified Equity Fund, Inc. | 16.11% | 26.03% | 28.31% | 31.49% | -19.82% | 29.69% | 17.28% | 36.75% | -3.58% | 29.61% |
Correlation
The correlation between EVT and ADX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | 0.68 |
The correlation between EVT and ADX shifts across timeframes, from 0.53 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EVT vs. ADX — Risk / Return Rank
EVT
ADX
EVT vs. ADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Adams Diversified Equity Fund, Inc. (ADX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVT | ADX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.76 | +0.19 |
| Martin ratioReturn relative to average drawdown | 12.36 | 13.65 | -1.28 |
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Drawdowns
EVT vs. ADX - Drawdown Comparison
The maximum EVT drawdown since its inception was -74.01%, roughly equal to the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for EVT and ADX.
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Drawdown Indicators
| EVT | ADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.01% | -71.60% | -2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -10.16% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.68% | -18.29% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -25.07% | -3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -52.03% | -37.17% | -14.86% |
Current DrawdownCurrent decline from peak | 0.00% | -1.32% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -22.06% | +11.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.05% | +0.15% |
Volatility
EVT vs. ADX - Volatility Comparison
The current volatility for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is 3.15%, while Adams Diversified Equity Fund, Inc. (ADX) has a volatility of 4.93%. This indicates that EVT experiences smaller price fluctuations and is considered to be less risky than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVT | ADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 4.93% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 11.88% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 14.86% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 17.49% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 18.07% | +2.54% |
EVT vs. ADX - Expense Ratio Comparison
EVT has a 0.01% expense ratio, which is lower than ADX's 0.59% expense ratio.
Dividends
EVT vs. ADX - Dividend Comparison
EVT's dividend yield for the trailing twelve months is around 7.02%, less than ADX's 7.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 7.48% | 7.93% | 12.38% | 7.34% | 7.36% | 15.35% | 6.54% | 9.00% | 15.85% | 9.18% | 7.79% | 7.17% |
EVT Eaton Vance Tax-Advantaged Dividend Income Fund | 7.02% | 7.84% | 8.02% | 8.03% | 8.44% | 5.65% | 7.97% | 6.82% | 9.16% | 6.85% | 8.47% | 7.49% |
Frequently Asked Questions
EVT and ADX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADX has higher volatility (4.93%) compared to EVT (3.15%). In terms of maximum drawdown, EVT dropped -74.01% vs ADX's -71.60%.
EVT currently has the higher Sharpe Ratio (2.15 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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