EXG vs. JCE
Compare and contrast key facts about Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) and Nuveen Core Equity Alpha Fund (JCE).
EXG is an actively managed fund by Eaton Vance. It was launched on Feb 27, 2007. JCE is an actively managed fund by Nuveen. It was launched on Mar 27, 2007.
Performance
EXG vs. JCE - Performance Comparison
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EXG vs. JCE - 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% |
JCE Nuveen Core Equity Alpha Fund | -5.16% | 9.06% | 27.90% | 10.67% | -14.29% | 47.67% | 3.59% | 30.50% | -11.11% | 31.98% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with EXG at -5.16% and JCE at -5.16%. Over the past 10 years, EXG has underperformed JCE with an annualized return of 9.93%, while JCE has yielded a comparatively higher 11.60% 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%
JCE
- 1D
- 4.75%
- 1M
- -4.62%
- YTD
- -5.16%
- 6M
- -1.92%
- 1Y
- 10.24%
- 3Y*
- 16.14%
- 5Y*
- 11.11%
- 10Y*
- 11.60%
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EXG vs. JCE - Expense Ratio Comparison
EXG has a 1.07% expense ratio, which is higher than JCE's 1.00% expense ratio.
Return for Risk
EXG vs. JCE — Risk / Return Rank
EXG
JCE
EXG vs. JCE - 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 Nuveen Core Equity Alpha Fund (JCE). 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 | JCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.57 | +0.46 |
Sortino ratioReturn per unit of downside risk | 1.55 | 0.96 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.13 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.96 | +0.35 |
Martin ratioReturn relative to average drawdown | 5.81 | 4.01 | +1.79 |
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 | JCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.57 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.49 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.52 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.41 | -0.12 |
Correlation
The correlation between EXG and JCE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EXG vs. JCE - Dividend Comparison
EXG's dividend yield for the trailing twelve months is around 8.91%, more than JCE's 8.80% 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% |
JCE Nuveen Core Equity Alpha Fund | 8.80% | 8.03% | 8.05% | 9.45% | 17.22% | 9.89% | 6.57% | 6.84% | 9.23% | 17.33% | 8.68% | 19.27% |
Drawdowns
EXG vs. JCE - Drawdown Comparison
The maximum EXG drawdown since its inception was -58.45%, roughly equal to the maximum JCE drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for EXG and JCE.
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Drawdown Indicators
| EXG | JCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.45% | -57.63% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -11.74% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | -30.24% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -45.36% | -43.56% | -1.80% |
Current DrawdownCurrent decline from peak | -8.37% | -6.63% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -9.33% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.87% | +0.36% |
Volatility
EXG vs. JCE - Volatility Comparison
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) has a higher volatility of 7.47% compared to Nuveen Core Equity Alpha Fund (JCE) at 6.95%. This indicates that EXG's price experiences larger fluctuations and is considered to be riskier than JCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXG | JCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 6.95% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 10.79% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 18.18% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 22.92% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 22.52% | -2.58% |