EVT vs. FDGFX
EVT (Eaton Vance Tax-Advantaged Dividend Income Fund) and FDGFX (Fidelity Dividend Growth Fund) are both mutual funds - EVT is a Dividend fund managed by Eaton Vance, while FDGFX is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 10 years, EVT returned 11.19%/yr vs 14.60%/yr for FDGFX. A 0.71 correlation means they provide meaningful diversification when combined. EVT charges 0.01%/yr vs 0.48%/yr for FDGFX.
Performance
EVT vs. FDGFX - Performance Comparison
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Returns By Period
In the year-to-date period, EVT achieves a 9.41% return, which is significantly lower than FDGFX's 17.96% return. Over the past 10 years, EVT has underperformed FDGFX with an annualized return of 11.19%, while FDGFX has yielded a comparatively higher 14.60% 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%
FDGFX
- 1D
- -0.48%
- 1M
- 2.77%
- YTD
- 17.96%
- 6M
- 17.07%
- 1Y
- 38.96%
- 3Y*
- 27.31%
- 5Y*
- 16.25%
- 10Y*
- 14.60%
EVT vs. FDGFX - 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% |
FDGFX Fidelity Dividend Growth Fund | 17.96% | 22.48% | 27.58% | 17.86% | -11.61% | 27.96% | 2.20% | 28.75% | -7.23% | 18.05% |
Correlation
The correlation between EVT and FDGFX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | 0.71 |
The correlation between EVT and FDGFX shifts across timeframes, from 0.62 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EVT vs. FDGFX — Risk / Return Rank
EVT
FDGFX
EVT vs. FDGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Fidelity Dividend Growth Fund (FDGFX). 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 | FDGFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.93 | -1.53 |
| Martin ratioReturn relative to average drawdown | 10.06 | 17.27 | -7.22 |
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Drawdowns
EVT vs. FDGFX - Drawdown Comparison
The maximum EVT drawdown since its inception was -74.01%, which is greater than FDGFX's maximum drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for EVT and FDGFX.
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Drawdown Indicators
| EVT | FDGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.01% | -60.77% | -13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -10.16% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -21.37% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -21.37% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -52.03% | -41.29% | -10.74% |
Current DrawdownCurrent decline from peak | -1.75% | -0.48% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -7.51% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.31% | -0.11% |
Volatility
EVT vs. FDGFX - Volatility Comparison
The current volatility for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is 4.61%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 6.05%. This indicates that EVT experiences smaller price fluctuations and is considered to be less risky than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVT | FDGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 6.05% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 11.72% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 14.51% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.74% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 19.29% | +1.33% |
EVT vs. FDGFX - Expense Ratio Comparison
EVT has a 0.01% expense ratio, which is lower than FDGFX's 0.48% expense ratio.
Dividends
EVT vs. FDGFX - Dividend Comparison
EVT's dividend yield for the trailing twelve months is around 7.45%, less than FDGFX's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FDGFX Fidelity Dividend Growth Fund | 8.09% | 9.35% | 9.81% | 3.48% | 11.46% | 7.81% | 1.89% | 4.84% | 22.93% | 15.35% | 1.58% | 8.44% |
Frequently Asked Questions
EVT and FDGFX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDGFX has higher volatility (6.05%) compared to EVT (4.61%). In terms of maximum drawdown, EVT dropped -74.01% vs FDGFX's -60.77%.
FDGFX currently has the higher Sharpe Ratio (2.76 vs 1.80), 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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