EXG vs. SRV
EXG (Eaton Vance Tax-Managed Global Diversified Equity Income Fund) and SRV (NXG Cushing® Midstream Energy Fund) are both mutual funds - EXG is a Dividend fund actively managed by Eaton Vance, while SRV is a Global Equity Income fund actively managed by NXG. Both are actively managed. Over the past 10 years, EXG returned 10.39%/yr vs 11.93%/yr for SRV. At a 0.34 correlation, their price movements are largely independent. EXG charges 1.07%/yr vs 1.00%/yr for SRV.
Performance
EXG vs. SRV - Performance Comparison
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Returns By Period
In the year-to-date period, EXG achieves a 2.69% return, which is significantly lower than SRV's 31.93% return. Over the past 10 years, EXG has underperformed SRV with an annualized return of 10.39%, while SRV has yielded a comparatively higher 11.93% annualized return.
EXG
- 1D
- -1.25%
- 1M
- 1.88%
- YTD
- 2.69%
- 6M
- 7.01%
- 1Y
- 19.37%
- 3Y*
- 16.30%
- 5Y*
- 7.69%
- 10Y*
- 10.39%
SRV
- 1D
- 1.22%
- 1M
- -1.06%
- YTD
- 31.93%
- 6M
- 36.31%
- 1Y
- 41.64%
- 3Y*
- 30.62%
- 5Y*
- 26.15%
- 10Y*
- 11.93%
EXG vs. SRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 2.69% | 27.79% | 16.04% | 11.46% | -22.24% | 31.53% | 10.19% | 28.71% | -12.09% | 29.58% |
SRV NXG Cushing® Midstream Energy Fund | 31.93% | 5.05% | 50.70% | 19.88% | 20.11% | 50.45% | -41.65% | 33.99% | -21.61% | -4.21% |
Correlation
The correlation between EXG and SRV is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2007 | 0.34 |
Over the past year, the correlation between EXG and SRV has dropped to 0.08 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
EXG vs. SRV — Risk / Return Rank
EXG
SRV
EXG vs. SRV - 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 NXG Cushing® Midstream Energy Fund (SRV). 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 | SRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.19 | -1.82 |
| Martin ratioReturn relative to average drawdown | 6.21 | 9.28 | -3.07 |
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 | SRV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.24 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.99 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.31 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.01 | +0.32 |
Drawdowns
EXG vs. SRV - Drawdown Comparison
The maximum EXG drawdown since its inception was -58.45%, smaller than the maximum SRV drawdown of -92.93%. Use the drawdown chart below to compare losses from any high point for EXG and SRV.
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Drawdown Indicators
| EXG | SRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.45% | -92.93% | +34.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -13.13% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -26.26% | +11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | -26.26% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -45.36% | -81.70% | +36.34% |
Current DrawdownCurrent decline from peak | -1.25% | -7.50% | +6.25% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -48.51% | +38.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 4.50% | -1.38% |
Volatility
EXG vs. SRV - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) is 4.35%, while NXG Cushing® Midstream Energy Fund (SRV) has a volatility of 7.55%. This indicates that EXG experiences smaller price fluctuations and is considered to be less risky than SRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXG | SRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 7.55% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 15.13% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 18.82% | -5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 26.43% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 38.29% | -18.30% |
EXG vs. SRV - Expense Ratio Comparison
EXG has a 1.07% expense ratio, which is higher than SRV's 1.00% expense ratio.
Dividends
EXG vs. SRV - Dividend Comparison
EXG's dividend yield for the trailing twelve months is around 8.34%, less than SRV's 15.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 8.34% | 8.27% | 9.27% | 8.60% | 10.59% | 7.27% | 8.43% | 8.42% | 12.23% | 9.84% | 12.16% | 11.02% |
SRV NXG Cushing® Midstream Energy Fund | 15.39% | 19.31% | 12.85% | 15.56% | 8.85% | 4.72% | 12.05% | 10.59% | 12.73% | 9.07% | 7.95% | 11.01% |
Frequently Asked Questions
EXG and SRV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRV has higher volatility (7.55%) compared to EXG (4.35%). In terms of maximum drawdown, EXG dropped -58.45% vs SRV's -92.93%.
SRV currently has the higher Sharpe Ratio (2.24 vs 1.42), 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.
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