MTGDX vs. ETV
Compare and contrast key facts about Morgan Stanley Mortgage Securities Trust (MTGDX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV).
MTGDX is managed by Morgan Stanley. It was launched on Jul 28, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTGDX or ETV.
Correlation
The correlation between MTGDX and ETV is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MTGDX vs. ETV - Performance Comparison
Key characteristics
MTGDX:
2.38
ETV:
1.91
MTGDX:
3.53
ETV:
2.63
MTGDX:
1.46
ETV:
1.35
MTGDX:
4.71
ETV:
2.69
MTGDX:
12.21
ETV:
12.20
MTGDX:
0.92%
ETV:
1.90%
MTGDX:
4.71%
ETV:
12.13%
MTGDX:
-12.97%
ETV:
-52.11%
MTGDX:
-0.39%
ETV:
-0.34%
Returns By Period
In the year-to-date period, MTGDX achieves a 0.80% return, which is significantly lower than ETV's 2.16% return. Over the past 10 years, MTGDX has underperformed ETV with an annualized return of 4.11%, while ETV has yielded a comparatively higher 9.23% annualized return.
MTGDX
0.80%
0.93%
2.47%
11.52%
3.59%
4.11%
ETV
2.16%
1.87%
13.85%
24.57%
8.54%
9.23%
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Risk-Adjusted Performance
MTGDX vs. ETV — Risk-Adjusted Performance Rank
MTGDX
ETV
MTGDX vs. ETV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Mortgage Securities Trust (MTGDX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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.
Dividends
MTGDX vs. ETV - Dividend Comparison
MTGDX's dividend yield for the trailing twelve months is around 8.03%, less than ETV's 8.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTGDX Morgan Stanley Mortgage Securities Trust | 8.03% | 8.30% | 6.83% | 6.30% | 3.47% | 3.83% | 3.94% | 4.13% | 4.69% | 4.06% | 5.05% | 7.26% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.15% | 8.16% | 9.25% | 10.59% | 7.96% | 8.68% | 8.91% | 9.88% | 8.67% | 8.98% | 8.71% | 9.47% |
Drawdowns
MTGDX vs. ETV - Drawdown Comparison
The maximum MTGDX drawdown since its inception was -12.97%, smaller than the maximum ETV drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for MTGDX and ETV. For additional features, visit the drawdowns tool.
Volatility
MTGDX vs. ETV - Volatility Comparison
The current volatility for Morgan Stanley Mortgage Securities Trust (MTGDX) is 1.12%, while Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a volatility of 3.27%. This indicates that MTGDX experiences smaller price fluctuations and is considered to be less risky than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.