EVTMX vs. ETV
EVTMX (Eaton Vance Dividend Builder Fund) is Large Cap Blend Equities fund managed by Eaton Vance, while ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) is a stock. Over the past 10 years, EVTMX returned 11.83%/yr vs 9.49%/yr for ETV. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
EVTMX vs. ETV - Performance Comparison
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Returns By Period
In the year-to-date period, EVTMX achieves a 8.94% return, which is significantly higher than ETV's 7.39% return. Over the past 10 years, EVTMX has outperformed ETV with an annualized return of 11.83%, while ETV has yielded a comparatively lower 9.49% annualized return.
EVTMX
- 1D
- 0.35%
- 1M
- 0.12%
- YTD
- 8.94%
- 6M
- 8.60%
- 1Y
- 15.10%
- 3Y*
- 13.17%
- 5Y*
- 8.83%
- 10Y*
- 11.83%
ETV
- 1D
- -0.74%
- 1M
- 2.27%
- YTD
- 7.39%
- 6M
- 6.57%
- 1Y
- 20.05%
- 3Y*
- 15.52%
- 5Y*
- 7.14%
- 10Y*
- 9.49%
EVTMX vs. ETV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVTMX Eaton Vance Dividend Builder Fund | 8.94% | 8.33% | 14.27% | 11.16% | -9.94% | 24.40% | 12.33% | 36.21% | -5.39% | 18.90% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 7.39% | 8.63% | 27.67% | 9.94% | -19.73% | 18.41% | 13.03% | 21.25% | -4.29% | 12.98% |
Correlation
The correlation between EVTMX and ETV is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2005 | 0.63 |
The correlation between EVTMX and ETV shifts across timeframes, from 0.54 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EVTMX vs. ETV — Risk / Return Rank
EVTMX
ETV
EVTMX vs. ETV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Dividend Builder Fund (EVTMX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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.
| EVTMX | ETV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.95 | +0.21 |
| Martin ratioReturn relative to average drawdown | 7.56 | 9.91 | -2.35 |
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Drawdowns
EVTMX vs. ETV - Drawdown Comparison
The maximum EVTMX drawdown since its inception was -53.74%, roughly equal to the maximum ETV drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for EVTMX and ETV.
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Drawdown Indicators
| EVTMX | ETV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -52.11% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -10.34% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -20.27% | +5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -22.71% | +2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -34.93% | -42.39% | +7.46% |
Current DrawdownCurrent decline from peak | -1.05% | -0.74% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -5.57% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.03% | -0.05% |
Volatility
EVTMX vs. ETV - Volatility Comparison
Eaton Vance Dividend Builder Fund (EVTMX) has a higher volatility of 3.50% compared to Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) at 3.19%. This indicates that EVTMX's price experiences larger fluctuations and is considered to be riskier than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVTMX | ETV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.19% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 10.22% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 12.51% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 16.91% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 19.30% | -2.89% |
Dividends
EVTMX vs. ETV - Dividend Comparison
EVTMX's dividend yield for the trailing twelve months is around 8.52%, more than ETV's 8.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.05% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
EVTMX Eaton Vance Dividend Builder Fund | 8.52% | 9.07% | 7.40% | 3.25% | 29.74% | 6.44% | 2.62% | 8.36% | 10.71% | 9.99% | 5.81% | 11.41% |
Frequently Asked Questions
EVTMX and ETV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVTMX has higher volatility (3.50%) compared to ETV (3.19%). In terms of maximum drawdown, EVTMX dropped -53.74% vs ETV's -52.11%.
ETV currently has the higher Sharpe Ratio (1.61 vs 1.44), 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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