EVT vs. DHY
Compare and contrast key facts about Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Dimensional High Yield Equity Fund (DHY).
EVT is managed by Eaton Vance. It was launched on Sep 30, 2003. DHY is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013.
Performance
EVT vs. DHY - Performance Comparison
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EVT vs. DHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVT Eaton Vance Tax-Advantaged Dividend Income Fund | 0.53% | 13.79% | 17.34% | 5.78% | -17.33% | 33.94% | 1.72% | 44.71% | -11.92% | 21.80% |
DHY Dimensional High Yield Equity Fund | -3.22% | 2.19% | 18.18% | 24.13% | -21.75% | 16.99% | 0.10% | 26.18% | -16.10% | 17.06% |
Returns By Period
In the year-to-date period, EVT achieves a 0.53% return, which is significantly higher than DHY's -3.22% return. Over the past 10 years, EVT has outperformed DHY with an annualized return of 10.85%, while DHY has yielded a comparatively lower 7.85% annualized return.
EVT
- 1D
- 1.14%
- 1M
- -5.00%
- YTD
- 0.53%
- 6M
- 5.87%
- 1Y
- 15.98%
- 3Y*
- 11.98%
- 5Y*
- 6.93%
- 10Y*
- 10.85%
DHY
- 1D
- -0.53%
- 1M
- -1.76%
- YTD
- -3.22%
- 6M
- -4.80%
- 1Y
- -2.32%
- 3Y*
- 9.64%
- 5Y*
- 4.32%
- 10Y*
- 7.85%
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EVT vs. DHY - Expense Ratio Comparison
EVT has a 0.01% expense ratio, which is lower than DHY's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
EVT vs. DHY — Risk / Return Rank
EVT
DHY
EVT vs. DHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Dimensional High Yield Equity Fund (DHY). 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.
| EVT | DHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | -0.16 | +1.08 |
Sortino ratioReturn per unit of downside risk | 1.32 | -0.13 | +1.45 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.98 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.22 | +1.44 |
Martin ratioReturn relative to average drawdown | 5.26 | -0.66 | +5.92 |
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
| EVT | DHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | -0.16 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.28 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.44 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.18 | +0.22 |
Correlation
The correlation between EVT and DHY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EVT vs. DHY - Dividend Comparison
EVT's dividend yield for the trailing twelve months is around 7.95%, less than DHY's 9.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVT Eaton Vance Tax-Advantaged Dividend Income Fund | 7.95% | 7.84% | 8.02% | 8.03% | 8.44% | 5.65% | 7.97% | 6.82% | 9.16% | 6.85% | 8.47% | 7.49% |
DHY Dimensional High Yield Equity Fund | 9.84% | 9.30% | 8.69% | 9.39% | 10.57% | 7.61% | 8.68% | 9.02% | 11.20% | 9.40% | 10.52% | 12.63% |
Drawdowns
EVT vs. DHY - Drawdown Comparison
The maximum EVT drawdown since its inception was -74.01%, roughly equal to the maximum DHY drawdown of -71.47%. Use the drawdown chart below to compare losses from any high point for EVT and DHY.
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Drawdown Indicators
| EVT | DHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.01% | -71.47% | -2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.02% | -10.38% | -2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -27.23% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -52.03% | -41.36% | -10.67% |
Current DrawdownCurrent decline from peak | -5.21% | -6.60% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -12.37% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.52% | -0.52% |
Volatility
EVT vs. DHY - Volatility Comparison
The current volatility for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is 5.29%, while Dimensional High Yield Equity Fund (DHY) has a volatility of 6.39%. This indicates that EVT experiences smaller price fluctuations and is considered to be less risky than DHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVT | DHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 6.39% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 9.40% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 14.34% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 15.25% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 17.97% | +2.62% |