EXG vs. ETY
Compare and contrast key facts about Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) and Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY).
EXG is an actively managed fund by Eaton Vance. It was launched on Feb 27, 2007. ETY is an actively managed fund by Eaton Vance. It was launched on Nov 27, 2006.
Performance
EXG vs. ETY - Performance Comparison
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EXG vs. ETY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | -5.16% | 27.79% | 16.04% | 11.46% | -22.24% | 31.53% | 10.19% | 28.71% | -12.09% | 29.58% |
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | -7.42% | 11.02% | 33.11% | 21.83% | -21.21% | 32.61% | 7.27% | 33.68% | -8.96% | 28.72% |
Returns By Period
In the year-to-date period, EXG achieves a -5.16% return, which is significantly higher than ETY's -7.42% return. Over the past 10 years, EXG has underperformed ETY with an annualized return of 9.93%, while ETY has yielded a comparatively higher 11.66% annualized return.
EXG
- 1D
- 2.19%
- 1M
- -6.94%
- YTD
- -5.16%
- 6M
- 0.81%
- 1Y
- 18.78%
- 3Y*
- 14.03%
- 5Y*
- 8.06%
- 10Y*
- 9.93%
ETY
- 1D
- 0.94%
- 1M
- -5.89%
- YTD
- -7.42%
- 6M
- -8.71%
- 1Y
- 5.70%
- 3Y*
- 14.96%
- 5Y*
- 10.29%
- 10Y*
- 11.66%
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EXG vs. ETY - Expense Ratio Comparison
EXG has a 1.07% expense ratio, which is higher than ETY's 1.06% expense ratio.
Return for Risk
EXG vs. ETY — Risk / Return Rank
EXG
ETY
EXG vs. ETY - 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 Managed Diversified Equity Income Closed Fund (ETY). 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 | ETY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.28 | +0.74 |
Sortino ratioReturn per unit of downside risk | 1.55 | 0.56 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.39 | +0.92 |
Martin ratioReturn relative to average drawdown | 5.81 | 1.45 | +4.35 |
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 | ETY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.28 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.58 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.59 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.38 | -0.09 |
Correlation
The correlation between EXG and ETY is 0.80, 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. ETY - Dividend Comparison
EXG's dividend yield for the trailing twelve months is around 8.91%, more than ETY's 8.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 8.91% | 8.27% | 9.27% | 8.60% | 10.59% | 7.27% | 8.43% | 8.42% | 12.23% | 9.84% | 12.16% | 11.02% |
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | 8.55% | 7.76% | 7.59% | 7.92% | 10.04% | 7.01% | 8.26% | 8.08% | 9.92% | 8.30% | 9.77% | 9.03% |
Drawdowns
EXG vs. ETY - Drawdown Comparison
The maximum EXG drawdown since its inception was -58.45%, which is greater than ETY's maximum drawdown of -53.06%. Use the drawdown chart below to compare losses from any high point for EXG and ETY.
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Drawdown Indicators
| EXG | ETY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.45% | -53.06% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -14.40% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | -24.06% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -45.36% | -42.46% | -2.90% |
Current DrawdownCurrent decline from peak | -8.37% | -9.46% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -7.62% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.87% | -0.64% |
Volatility
EXG vs. ETY - Volatility Comparison
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) has a higher volatility of 7.47% compared to Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) at 7.04%. This indicates that EXG's price experiences larger fluctuations and is considered to be riskier than ETY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXG | ETY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 7.04% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 10.46% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 20.27% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 17.85% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 19.85% | +0.09% |