EXG vs. EOS
EXG (Eaton Vance Tax-Managed Global Diversified Equity Income Fund) and EOS (Eaton Vance Enhanced Equity Income Fund II) are both mutual funds - EXG is a Dividend fund actively managed by Eaton Vance, while EOS is a Derivative Income fund actively managed by Eaton Vance. Both are actively managed. Over the past 10 years, EXG returned 11.08%/yr vs 12.92%/yr for EOS. Their 0.69 correlation means they have sometimes moved together and sometimes differently. EXG charges 1.07%/yr vs 1.09%/yr for EOS.
Performance
EXG vs. EOS - Performance Comparison
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Returns By Period
In the year-to-date period, EXG achieves a 7.73% return, which is significantly higher than EOS's -4.66% return. Over the past 10 years, EXG has underperformed EOS with an annualized return of 11.08%, while EOS has yielded a comparatively higher 12.92% annualized return.
EXG
- 1D
- 0.72%
- 1M
- 0.57%
- 6M
- 5.23%
- YTD
- 7.73%
- 1Y
- 24.51%
- 3Y*
- 16.89%
- 5Y*
- 8.42%
- 10Y*
- 11.08%
- ALL TIME*
- 7.20%
EOS
- 1D
- 1.09%
- 1M
- -2.87%
- 6M
- -1.06%
- YTD
- -4.66%
- 1Y
- -2.93%
- 3Y*
- 13.63%
- 5Y*
- 6.34%
- 10Y*
- 12.92%
- ALL TIME*
- 9.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.40M | $2.60M | $2.73M | |
| $3.71M | $3.67M | $4.14M |
EXG vs. EOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 7.73% | 27.79% | 16.04% | 11.46% | -22.24% | 31.53% | 10.19% | 28.71% | -12.09% | 29.58% |
EOS Eaton Vance Enhanced Equity Income Fund II | -4.66% | 5.77% | 38.69% | 22.59% | -26.50% | 20.30% | 29.45% | 30.32% | 2.77% | 27.89% |
Correlation
The correlation between EXG and EOS is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2007 | 0.69 |
The correlation between EXG and EOS has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
EXG vs. EOS — Risk / Return Rank
EXG
EOS
EXG vs. EOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) and Eaton Vance Enhanced Equity Income Fund II (EOS). 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.
| EXG | EOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.97 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.27 | +1.79 |
| Martin ratioReturn relative to average drawdown | 6.93 | -0.80 | +7.73 |
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Drawdowns
EXG vs. EOS - Drawdown Comparison
The maximum EXG drawdown since its inception was -58.45%, roughly equal to the maximum EOS drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for EXG and EOS.
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Drawdown Indicators
| EXG | EOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.45% | -55.74% | -2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -17.12% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -24.31% | +9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | -34.32% | +6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -45.36% | -41.12% | -4.24% |
Current DrawdownCurrent decline from peak | -0.10% | -6.85% | +6.75% |
Average DrawdownAverage peak-to-trough decline | -9.55% | -7.80% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 5.66% | -2.52% |
Volatility
EXG vs. EOS - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) is 3.59%, while Eaton Vance Enhanced Equity Income Fund II (EOS) has a volatility of 4.32%. This indicates that EXG experiences smaller price fluctuations and is considered to be less risky than EOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXG | EOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.32% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 12.69% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.20% | 15.80% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 19.82% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 20.77% | -0.84% |
EXG vs. EOS - Expense Ratio Comparison
EXG has a 1.07% expense ratio, which is lower than EOS's 1.09% expense ratio.
Dividends
EXG vs. EOS - Dividend Comparison
EXG's dividend yield for the trailing twelve months is around 8.06%, less than EOS's 8.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOS Eaton Vance Enhanced Equity Income Fund II | 8.59% | 7.81% | 7.17% | 7.38% | 9.69% | 5.60% | 5.01% | 6.65% | 7.16% | 6.90% | 8.20% | 7.70% |
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 8.06% | 8.27% | 9.27% | 8.60% | 10.59% | 7.27% | 8.43% | 8.42% | 12.23% | 9.84% | 12.16% | 11.02% |
Frequently Asked Questions
EXG and EOS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EOS has higher volatility (4.32%) compared to EXG (3.59%). In terms of maximum drawdown, EXG dropped -58.45% vs EOS's -55.74%.
EXG currently has the higher Sharpe Ratio (1.53 vs -0.29), 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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