EXG vs. ETG
Compare and contrast key facts about Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG).
EXG is an actively managed fund by Eaton Vance. It was launched on Feb 27, 2007. ETG is an actively managed fund by Eaton Vance. It was launched on Jan 30, 2004.
Performance
EXG vs. ETG - Performance Comparison
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EXG vs. ETG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | -7.20% | 27.79% | 16.04% | 11.46% | -22.24% | 31.53% | 10.19% | 28.71% | -12.09% | 29.58% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | -11.37% | 36.92% | 15.46% | 21.97% | -27.62% | 33.08% | 10.08% | 43.62% | -15.90% | 33.55% |
Returns By Period
In the year-to-date period, EXG achieves a -7.20% return, which is significantly higher than ETG's -11.37% return. Over the past 10 years, EXG has underperformed ETG with an annualized return of 9.69%, while ETG has yielded a comparatively higher 11.66% annualized return.
EXG
- 1D
- 4.59%
- 1M
- -9.69%
- YTD
- -7.20%
- 6M
- -0.71%
- 1Y
- 16.23%
- 3Y*
- 13.21%
- 5Y*
- 7.59%
- 10Y*
- 9.69%
ETG
- 1D
- 3.44%
- 1M
- -12.13%
- YTD
- -11.37%
- 6M
- -1.37%
- 1Y
- 18.89%
- 3Y*
- 16.18%
- 5Y*
- 9.36%
- 10Y*
- 11.66%
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EXG vs. ETG - Expense Ratio Comparison
EXG has a 1.07% expense ratio, which is lower than ETG's 2.57% expense ratio.
Return for Risk
EXG vs. ETG — Risk / Return Rank
EXG
ETG
EXG vs. ETG - 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 Tax Advantaged Global Dividend Income Closed Fund (ETG). 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.
| EXG | ETG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.95 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.48 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.11 | +0.01 |
Martin ratioReturn relative to average drawdown | 5.00 | 4.84 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXG | ETG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.95 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.48 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.55 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.35 | -0.07 |
Correlation
The correlation between EXG and ETG is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EXG vs. ETG - Dividend Comparison
EXG's dividend yield for the trailing twelve months is around 9.10%, more than ETG's 7.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 9.10% | 8.27% | 9.27% | 8.60% | 10.59% | 7.27% | 8.43% | 8.42% | 12.23% | 9.84% | 12.16% | 11.02% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 7.71% | 6.72% | 8.03% | 7.02% | 9.94% | 6.02% | 6.74% | 6.83% | 9.08% | 7.69% | 8.74% | 7.93% |
Drawdowns
EXG vs. ETG - Drawdown Comparison
The maximum EXG drawdown since its inception was -58.45%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for EXG and ETG.
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Drawdown Indicators
| EXG | ETG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.45% | -74.76% | +16.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -16.64% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | -31.64% | +3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -45.36% | -51.53% | +6.17% |
Current DrawdownCurrent decline from peak | -10.34% | -13.77% | +3.43% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -13.55% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.81% | -0.62% |
Volatility
EXG vs. ETG - Volatility Comparison
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) have volatilities of 7.18% and 7.08%, 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
| EXG | ETG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 7.08% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 11.53% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 20.00% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 19.69% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 21.15% | -1.22% |