EVT vs. PDO

Last updated Apr 1, 2026

Compare and contrast key facts about Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Pimco Dynamic Income Opportunities Fund (PDO).

EVT is managed by Eaton Vance. It was launched on Sep 30, 2003.

Performance

EVT vs. PDO - Performance Comparison

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

EVT vs. PDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EVT Eaton Vance Tax-Advantaged Dividend Income Fund	-0.60%	13.79%	17.34%	5.78%	-17.33%	36.12%
PDO Pimco Dynamic Income Opportunities Fund	-3.95%	13.96%	24.55%	8.06%	-23.40%	5.93%

Returns By Period

In the year-to-date period, EVT achieves a -0.60% return, which is significantly higher than PDO's -3.95% return.

EVT

• 1D: 2.55%
• 1M: -6.14%
• YTD: -0.60%
• 6M: 4.46%
• 1Y: 14.47%
• 3Y*: 11.56%
• 5Y*: 6.69%
• 10Y*: 10.72%

PDO

• 1D: 3.94%
• 1M: -6.43%
• YTD: -3.95%
• 6M: -3.24%
• 1Y: 4.22%
• 3Y*: 13.83%
• 5Y*: 3.43%
• 10Y*: —

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

Return for Risk

EVT vs. PDO — Risk / Return Rank

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

EVT

EVT Risk / Return Rank: 44
EVT Sharpe Ratio Rank: 39
EVT Sortino Ratio Rank: 37
EVT Omega Ratio Rank: 45
EVT Calmar Ratio Rank: 46
EVT Martin Ratio Rank: 51

PDO

PDO Risk / Return Rank: 51
PDO Sharpe Ratio Rank: 53
PDO Sortino Ratio Rank: 42
PDO Omega Ratio Rank: 49
PDO Calmar Ratio Rank: 52
PDO Martin Ratio Rank: 59

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. PDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Pimco Dynamic Income Opportunities Fund (PDO). 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	PDO	Difference
Sharpe ratio Return per unit of total volatility	0.83	0.29	+0.55
Sortino ratio Return per unit of downside risk	1.21	0.47	+0.75
Omega ratio Gain probability vs. loss probability	1.19	1.10	+0.09
Calmar ratio Return relative to maximum drawdown	1.15	0.38	+0.77
Martin ratio Return relative to average drawdown	5.04	1.62	+3.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVT vs. PDO - Sharpe Ratio Comparison

The current EVT Sharpe Ratio is 0.83, which is higher than the PDO Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of EVT and PDO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EVT	PDO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	0.29	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.22	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.22	+0.17

Correlation

The correlation between EVT and PDO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EVT vs. PDO - Dividend Comparison

EVT's dividend yield for the trailing twelve months is around 8.05%, less than PDO's 11.87% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVT Eaton Vance Tax-Advantaged Dividend Income Fund	8.05%	7.84%	8.02%	8.03%	8.44%	5.65%	7.97%	6.82%	9.16%	6.85%	8.47%	7.49%
PDO Pimco Dynamic Income Opportunities Fund	11.87%	11.09%	11.29%	12.54%	19.09%	8.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EVT vs. PDO - Drawdown Comparison

The maximum EVT drawdown since its inception was -74.01%, which is greater than PDO's maximum drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for EVT and PDO.

Drawdown Indicators

	EVT	PDO	Difference
Max Drawdown Largest peak-to-trough decline	-74.01%	-36.83%	-37.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.02%	-11.82%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-28.23%	-36.83%	+8.60%
Max Drawdown (10Y) Largest decline over 10 years	-52.03%	—	—
Current Drawdown Current decline from peak	-6.28%	-7.68%	+1.40%
Average Drawdown Average peak-to-trough decline	-11.21%	-14.75%	+3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.78%	+0.20%

Volatility

EVT vs. PDO - Volatility Comparison

The current volatility for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is 5.20%, while Pimco Dynamic Income Opportunities Fund (PDO) has a volatility of 7.14%. This indicates that EVT experiences smaller price fluctuations and is considered to be less risky than PDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVT	PDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	7.14%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	8.40%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	14.85%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	15.88%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.60%	15.69%	+4.91%