EVT vs. USA
EVT (Eaton Vance Tax-Advantaged Dividend Income Fund) is Dividend fund managed by Eaton Vance, while USA (Liberty All-Star Equity Fund) is a stock. Over the past 10 years, EVT returned 11.19%/yr vs 12.16%/yr for USA. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
EVT vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, EVT achieves a 9.41% return, which is significantly higher than USA's -4.98% return. Over the past 10 years, EVT has underperformed USA with an annualized return of 11.19%, while USA has yielded a comparatively higher 12.16% 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%
USA
- 1D
- -1.22%
- 1M
- -2.75%
- YTD
- -4.98%
- 6M
- -4.67%
- 1Y
- -4.39%
- 3Y*
- 7.02%
- 5Y*
- 0.89%
- 10Y*
- 12.16%
EVT vs. USA - 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% |
USA Liberty All-Star Equity Fund | -4.98% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between EVT and USA is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | 0.66 |
The correlation between EVT and USA has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
EVT vs. USA — Risk / Return Rank
EVT
USA
EVT vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.96 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.29 | +2.69 |
| Martin ratioReturn relative to average drawdown | 10.06 | -0.67 | +10.73 |
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Drawdowns
EVT vs. USA - Drawdown Comparison
The maximum EVT drawdown since its inception was -74.01%, which is greater than USA's maximum drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for EVT and USA.
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Drawdown Indicators
| EVT | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.01% | -69.15% | -4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -15.28% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -17.69% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -34.05% | +5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -52.03% | -47.07% | -4.96% |
Current DrawdownCurrent decline from peak | -1.75% | -10.08% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -11.51% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 6.52% | -4.32% |
Volatility
EVT vs. USA - Volatility Comparison
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Liberty All-Star Equity Fund (USA) have volatilities of 4.61% and 4.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVT | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 4.56% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 10.82% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 13.94% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 20.31% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 22.58% | -1.96% |
Dividends
EVT vs. USA - Dividend Comparison
EVT's dividend yield for the trailing twelve months is around 7.45%, less than USA's 12.04% 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% |
USA Liberty All-Star Equity Fund | 12.04% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Frequently Asked Questions
EVT and USA have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVT has higher volatility (4.61%) compared to USA (4.56%). In terms of maximum drawdown, EVT dropped -74.01% vs USA's -69.15%.
EVT currently has the higher Sharpe Ratio (1.80 vs -0.32), 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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