EVT vs. BGR

Last updated Jun 24, 2026

EVT (Eaton Vance Tax-Advantaged Dividend Income Fund) is Dividend fund managed by Eaton Vance, while BGR (BlackRock Energy and Resources Trust) is a stock. Over the past 10 years, EVT returned 11.19%/yr vs 7.87%/yr for BGR. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

EVT vs. BGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and BlackRock Energy and Resources Trust (BGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVT achieves a 9.41% return, which is significantly lower than BGR's 14.53% return. Over the past 10 years, EVT has outperformed BGR with an annualized return of 11.19%, while BGR has yielded a comparatively lower 7.87% annualized return.

EVT

• 1D: -0.49%
• 1M: 0.28%
• YTD: 9.41%
• 6M: 11.27%
• 1Y: 22.09%
• 3Y*: 15.79%
• 5Y*: 7.34%
• 10Y*: 11.19%

BGR

• 1D: 1.36%
• 1M: -8.23%
• YTD: 14.53%
• 6M: 15.13%
• 1Y: 23.62%
• 3Y*: 16.83%
• 5Y*: 15.67%
• 10Y*: 7.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVT vs. BGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVT Eaton Vance Tax-Advantaged Dividend Income Fund	9.41%	13.79%	17.34%	5.78%	-17.33%	33.94%	1.72%	44.71%	-11.92%	21.80%
BGR BlackRock Energy and Resources Trust	14.53%	17.34%	8.07%	5.73%	38.90%	40.25%	-34.78%	23.32%	-21.21%	5.18%

Correlation

The correlation between EVT and BGR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 23, 2004	0.52

Over the past year, the correlation between EVT and BGR has dropped to 0.08 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

EVT vs. BGR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVT

EVT Risk / Return Rank: 45
EVT Sharpe Ratio Rank: 44
EVT Sortino Ratio Rank: 42
EVT Omega Ratio Rank: 42
EVT Calmar Ratio Rank: 44
EVT Martin Ratio Rank: 52

BGR

BGR Risk / Return Rank: 74
BGR Sharpe Ratio Rank: 77
BGR Sortino Ratio Rank: 68
BGR Omega Ratio Rank: 72
BGR Calmar Ratio Rank: 71
BGR Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVT vs. BGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and BlackRock Energy and Resources Trust (BGR). 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	BGR	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.20	+0.61
Sortino ratio: Return per unit of downside risk	2.50	1.56	+0.94
Omega ratio: Gain probability vs. loss probability	1.32	1.23	+0.09
Calmar ratio: Return relative to maximum drawdown	2.41	1.65	+0.76
Martin ratio: Return relative to average drawdown	10.06	6.03	+4.03

EVT vs. BGR - Sharpe Ratio Comparison

The current EVT Sharpe Ratio is 1.80, which is higher than the BGR Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of EVT and BGR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVT vs. BGR - Drawdown Comparison

The maximum EVT drawdown since its inception was -74.01%, roughly equal to the maximum BGR drawdown of -72.74%. Use the drawdown chart below to compare losses from any high point for EVT and BGR.

Drawdown Indicators

	EVT	BGR	Difference
Max Drawdown Largest peak-to-trough decline	-74.01%	-72.74%	-1.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-14.38%	+5.16%
Max Drawdown (3Y) Largest decline over 3 years	-19.09%	-18.25%	-0.84%
Max Drawdown (5Y) Largest decline over 5 years	-28.23%	-24.81%	-3.42%
Max Drawdown (10Y) Largest decline over 10 years	-52.03%	-66.16%	+14.13%
Current Drawdown Current decline from peak	-1.75%	-12.51%	+10.76%
Average Drawdown Average peak-to-trough decline	-11.11%	-20.22%	+9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	3.93%	-1.73%

Volatility

EVT vs. BGR - Volatility Comparison

The current volatility for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is 4.61%, while BlackRock Energy and Resources Trust (BGR) has a volatility of 6.78%. This indicates that EVT experiences smaller price fluctuations and is considered to be less risky than BGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVT	BGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	6.78%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	17.79%	-7.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	20.08%	-7.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	22.77%	-5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	26.87%	-6.25%

Dividends

EVT vs. BGR - Dividend Comparison

EVT's dividend yield for the trailing twelve months is around 7.45%, less than BGR's 7.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGR BlackRock Energy and Resources Trust	7.82%	8.62%	6.66%	6.22%	4.62%	4.75%	9.26%	7.84%	8.91%	6.57%	6.90%	11.93%
EVT Eaton Vance Tax-Advantaged Dividend Income Fund	7.45%	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

Can I hold both EVT and BGR in my portfolio?

EVT and BGR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVT or BGR?

BGR has higher volatility (6.78%) compared to EVT (4.61%). In terms of maximum drawdown, EVT dropped -74.01% vs BGR's -72.74%.

Which has better risk-adjusted returns?

EVT currently has the higher Sharpe Ratio (1.80 vs 1.20), 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.