LMVTX vs. EATVX

Last updated Jun 25, 2026

LMVTX (ClearBridge Value Trust) and EATVX (Eaton Vance Tax Managed Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, LMVTX returned 11.80%/yr vs 12.15%/yr for EATVX. Their correlation of 0.88 suggests significant overlap in exposure. LMVTX charges 1.74%/yr vs 1.15%/yr for EATVX.

Performance

LMVTX vs. EATVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Value Trust (LMVTX) and Eaton Vance Tax Managed Value Fund (EATVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMVTX achieves a 9.77% return, which is significantly lower than EATVX's 17.94% return. Both investments have delivered pretty close results over the past 10 years, with LMVTX having a 11.80% annualized return and EATVX not far ahead at 12.15%.

LMVTX

• 1D: -1.51%
• 1M: -0.12%
• YTD: 9.77%
• 6M: 8.15%
• 1Y: 18.28%
• 3Y*: 15.53%
• 5Y*: 9.27%
• 10Y*: 11.80%

EATVX

• 1D: -1.68%
• 1M: 3.52%
• YTD: 17.94%
• 6M: 16.76%
• 1Y: 30.35%
• 3Y*: 18.42%
• 5Y*: 10.61%
• 10Y*: 12.15%

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

LMVTX vs. EATVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMVTX ClearBridge Value Trust	9.77%	9.80%	14.22%	18.80%	-7.00%	26.93%	10.63%	26.25%	-13.50%	13.76%
EATVX Eaton Vance Tax Managed Value Fund	17.94%	12.86%	14.37%	9.44%	-9.77%	25.92%	4.39%	29.73%	-5.98%	17.65%

Correlation

The correlation between LMVTX and EATVX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 27, 1999	0.88

The correlation between LMVTX and EATVX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

LMVTX vs. EATVX — Risk / Return Rank

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

LMVTX

LMVTX Risk / Return Rank: 41
LMVTX Sharpe Ratio Rank: 36
LMVTX Sortino Ratio Rank: 34
LMVTX Omega Ratio Rank: 35
LMVTX Calmar Ratio Rank: 50
LMVTX Martin Ratio Rank: 50

EATVX

EATVX Risk / Return Rank: 86
EATVX Sharpe Ratio Rank: 88
EATVX Sortino Ratio Rank: 84
EATVX Omega Ratio Rank: 80
EATVX Calmar Ratio Rank: 87
EATVX Martin Ratio Rank: 91

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.

LMVTX vs. EATVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Value Trust (LMVTX) and Eaton Vance Tax Managed Value Fund (EATVX). 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.

	LMVTX	EATVX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.59	-1.05
Sortino ratio: Return per unit of downside risk	2.16	3.60	-1.44
Omega ratio: Gain probability vs. loss probability	1.28	1.46	-0.19
Calmar ratio: Return relative to maximum drawdown	2.49	3.95	-1.47
Martin ratio: Return relative to average drawdown	9.36	16.87	-7.52

LMVTX vs. EATVX - Sharpe Ratio Comparison

The current LMVTX Sharpe Ratio is 1.54, which is lower than the EATVX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of LMVTX and EATVX, 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

LMVTX vs. EATVX - Drawdown Comparison

The maximum LMVTX drawdown since its inception was -72.54%, which is greater than EATVX's maximum drawdown of -53.01%. Use the drawdown chart below to compare losses from any high point for LMVTX and EATVX.

Drawdown Indicators

	LMVTX	EATVX	Difference
Max Drawdown Largest peak-to-trough decline	-72.54%	-53.01%	-19.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-8.03%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-18.74%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.79%	-20.70%	-0.09%
Max Drawdown (10Y) Largest decline over 10 years	-40.47%	-38.63%	-1.84%
Current Drawdown Current decline from peak	-1.94%	-1.68%	-0.26%
Average Drawdown Average peak-to-trough decline	-11.95%	-8.17%	-3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.88%	+0.21%

Volatility

LMVTX vs. EATVX - Volatility Comparison

The current volatility for ClearBridge Value Trust (LMVTX) is 4.15%, while Eaton Vance Tax Managed Value Fund (EATVX) has a volatility of 4.93%. This indicates that LMVTX experiences smaller price fluctuations and is considered to be less risky than EATVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMVTX	EATVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.93%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	9.69%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	12.27%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	15.21%	+2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	17.57%	+1.61%

LMVTX vs. EATVX - Expense Ratio Comparison

LMVTX has a 1.74% expense ratio, which is higher than EATVX's 1.15% expense ratio.

Dividends

LMVTX vs. EATVX - Dividend Comparison

LMVTX's dividend yield for the trailing twelve months is around 9.41%, more than EATVX's 3.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EATVX Eaton Vance Tax Managed Value Fund	3.53%	4.16%	3.75%	3.24%	2.17%	4.50%	1.29%	1.13%	1.57%	0.95%	1.10%	8.71%
LMVTX ClearBridge Value Trust	9.41%	10.33%	10.32%	12.03%	7.85%	18.06%	5.41%	0.00%	1.34%	0.00%	0.10%	0.00%

Frequently Asked Questions

Can I hold both LMVTX and EATVX in my portfolio?

With a correlation of 0.92, LMVTX and EATVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LMVTX or EATVX?

EATVX has higher volatility (4.93%) compared to LMVTX (4.15%). In terms of maximum drawdown, LMVTX dropped -72.54% vs EATVX's -53.01%.

Which has better risk-adjusted returns?

EATVX currently has the higher Sharpe Ratio (2.59 vs 1.54), 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.