EXG vs. FDGDX

Last updated Aug 1, 2026

EXG (Eaton Vance Tax-Managed Global Diversified Equity Income Fund) and FDGDX (Fidelity Advisor 529 Dividend Growth Portfolio Class D) are both Dividend funds. Both are actively managed. Over the past 5 years, EXG returned 8.42%/yr vs 14.18%/yr for FDGDX. Their 0.68 correlation means they have sometimes moved together and sometimes differently.

Performance

EXG vs. FDGDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) and Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXG achieves a 7.73% return, which is significantly lower than FDGDX's 15.24% 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%

FDGDX

• 1D: 2.04%
• 1M: 0.15%
• 6M: 9.87%
• YTD: 15.24%
• 1Y: 26.19%
• 3Y*: 23.05%
• 5Y*: 14.18%
• 10Y*: —
• ALL TIME*: 13.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund	$3.71M	$3.67M	$4.14M
FDGDX Fidelity Advisor 529 Dividend Growth Portfolio Class D	$0.00	$0.00	$0.00

EXG vs. FDGDX - 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%	21.76%
FDGDX Fidelity Advisor 529 Dividend Growth Portfolio Class D	15.24%	21.56%	26.30%	16.72%	-12.54%	27.06%	1.32%	27.67%	-7.58%	17.77%

Correlation

The correlation between EXG and FDGDX is 0.68, 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.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.68

The correlation between EXG and FDGDX has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

Return for Risk

EXG vs. FDGDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EXG

EXG Risk / Return Rank: 57
EXG Sharpe Ratio Rank: 66
EXG Sortino Ratio Rank: 66
EXG Omega Ratio Rank: 63
EXG Calmar Ratio Rank: 37
EXG Martin Ratio Rank: 52

FDGDX

FDGDX Risk / Return Rank: 78
FDGDX Sharpe Ratio Rank: 77
FDGDX Sortino Ratio Rank: 74
FDGDX Omega Ratio Rank: 73
FDGDX Calmar Ratio Rank: 82
FDGDX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EXG vs. FDGDX - 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 Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX). 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	FDGDX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.85	-0.32
Sortino ratio: Return per unit of downside risk	2.23	2.56	-0.33
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.06
Calmar ratio: Return relative to maximum drawdown	1.52	2.79	-1.27
Martin ratio: Return relative to average drawdown	6.93	11.26	-4.33

EXG vs. FDGDX - Sharpe Ratio Comparison

The current EXG Sharpe Ratio is 1.53, which is comparable to the FDGDX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of EXG and FDGDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EXG vs. FDGDX - Drawdown Comparison

The maximum EXG drawdown since its inception was -58.45%, which is greater than FDGDX's maximum drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for EXG and FDGDX.

Drawdown Indicators

	EXG	FDGDX	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-38.44%	-20.01%
Max Drawdown (1Y) Largest decline over 1 year	-14.28%	-10.23%	-4.05%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-21.70%	+6.58%
Max Drawdown (5Y) Largest decline over 5 years	-27.82%	-21.70%	-6.12%
Max Drawdown (10Y) Largest decline over 10 years	-45.36%	—	—
Current Drawdown Current decline from peak	-0.10%	-2.47%	+2.37%
Average Drawdown Average peak-to-trough decline	-9.55%	-5.37%	-4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.45%	+0.69%

Volatility

EXG vs. FDGDX - Volatility Comparison

The current volatility for Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) is 3.59%, while Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX) has a volatility of 4.08%. This indicates that EXG experiences smaller price fluctuations and is considered to be less risky than FDGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXG	FDGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	4.08%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	11.78%	12.34%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	14.20%	15.42%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	17.26%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.93%	19.39%	+0.54%

Dividends

EXG vs. FDGDX - Dividend Comparison

EXG's dividend yield for the trailing twelve months is around 8.06%, while FDGDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FDGDX Fidelity Advisor 529 Dividend Growth Portfolio Class D	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EXG and FDGDX in my portfolio?

EXG and FDGDX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXG or FDGDX?

FDGDX has higher volatility (4.08%) compared to EXG (3.59%). In terms of maximum drawdown, EXG dropped -58.45% vs FDGDX's -38.44%.

Which has better risk-adjusted returns?

FDGDX currently has the higher Sharpe Ratio (1.85 vs 1.53), 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.