EXG vs. NIHI

Last updated Jun 3, 2026

EXG (Eaton Vance Tax-Managed Global Diversified Equity Income Fund) and NIHI (NEOS MSCI EAFE High Income ETF) are both funds - EXG is a Dividend fund actively managed by Eaton Vance, while NIHI is a Derivative Income fund actively managed by Neos. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. EXG charges 1.07%/yr vs 0.68%/yr for NIHI.

Performance

EXG vs. NIHI - 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 NEOS MSCI EAFE High Income ETF (NIHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXG achieves a 3.99% return, which is significantly lower than NIHI's 6.39% return.

EXG

• 1D: 0.53%
• 1M: 2.09%
• YTD: 3.99%
• 6M: 8.14%
• 1Y: 20.88%
• 3Y*: 16.79%
• 5Y*: 7.90%
• 10Y*: 10.53%

NIHI

• 1D: 0.41%
• 1M: 2.67%
• YTD: 6.39%
• 6M: 9.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EXG vs. NIHI - Yearly Performance Comparison

	2026 (YTD)	2025
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund	3.99%	8.67%
NIHI NEOS MSCI EAFE High Income ETF	6.39%	5.33%

Correlation

The correlation between EXG and NIHI is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.72

Return for Risk

EXG vs. NIHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXG

EXG Risk / Return Rank: 26
EXG Sharpe Ratio Rank: 28
EXG Sortino Ratio Rank: 28
EXG Omega Ratio Rank: 28
EXG Calmar Ratio Rank: 16
EXG Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXG vs. NIHI - 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 NEOS MSCI EAFE High Income ETF (NIHI). 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	NIHI	Difference
Sharpe ratio Return per unit of total volatility	1.54	—	—
Sortino ratio Return per unit of downside risk	2.24	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	1.50	—	—
Martin ratio Return relative to average drawdown	6.87	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EXG	NIHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.17	-0.85

Drawdowns

EXG vs. NIHI - Drawdown Comparison

The maximum EXG drawdown since its inception was -58.45%, which is greater than NIHI's maximum drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for EXG and NIHI.

Drawdown Indicators

	EXG	NIHI	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-10.88%	-47.57%
Max Drawdown (1Y) Largest decline over 1 year	-14.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.82%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.36%	—	—
Current Drawdown Current decline from peak	0.00%	-0.63%	+0.63%
Average Drawdown Average peak-to-trough decline	-9.62%	-2.39%	-7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	—	—

Volatility

Volatility by Period

	EXG	NIHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	15.14%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	15.14%	+2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	15.14%	+4.85%

EXG vs. NIHI - Expense Ratio Comparison

EXG has a 1.07% expense ratio, which is higher than NIHI's 0.68% expense ratio.

Dividends

EXG vs. NIHI - Dividend Comparison

EXG's dividend yield for the trailing twelve months is around 8.24%, more than NIHI's 7.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund	8.24%	8.27%	9.27%	8.60%	10.59%	7.27%	8.43%	8.42%	12.23%	9.84%	12.16%	11.02%
NIHI NEOS MSCI EAFE High Income ETF	7.79%	3.44%	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 NIHI in my portfolio?

EXG and NIHI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.