PPI vs. ETG

Last updated Apr 2, 2026

Compare and contrast key facts about AXS Astoria Inflation Sensitive ETF (PPI) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG).

PPI is an actively managed fund by AXS. It was launched on Dec 30, 2021. ETG is an actively managed fund by Eaton Vance. It was launched on Jan 30, 2004.

Performance

PPI vs. ETG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXS Astoria Inflation Sensitive ETF (PPI) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG). The values are adjusted to include any dividend payments, if applicable.

PPI vs. ETG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PPI AXS Astoria Inflation Sensitive ETF	13.29%	30.06%	-6.85%
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund	-8.73%	36.92%	-3.27%

Returns By Period

In the year-to-date period, PPI achieves a 13.29% return, which is significantly higher than ETG's -8.73% return.

PPI

• 1D: 1.16%
• 1M: -3.97%
• YTD: 13.29%
• 6M: 14.21%
• 1Y: 46.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETG

• 1D: 2.98%
• 1M: -8.64%
• YTD: -8.73%
• 6M: 0.80%
• 1Y: 22.64%
• 3Y*: 17.32%
• 5Y*: 10.00%
• 10Y*: 11.99%

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

PPI vs. ETG - Expense Ratio Comparison

PPI has a 0.76% expense ratio, which is lower than ETG's 2.57% expense ratio.

ETG

Eaton Vance Tax Advantaged Global Dividend Income Closed Fund

PPI

AXS Astoria Inflation Sensitive ETF

Return for Risk

PPI vs. ETG — Risk / Return Rank

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

PPI

PPI Risk / Return Rank: 93
PPI Sharpe Ratio Rank: 93
PPI Sortino Ratio Rank: 93
PPI Omega Ratio Rank: 95
PPI Calmar Ratio Rank: 92
PPI Martin Ratio Rank: 94

ETG

ETG Risk / Return Rank: 60
ETG Sharpe Ratio Rank: 60
ETG Sortino Ratio Rank: 66
ETG Omega Ratio Rank: 61
ETG Calmar Ratio Rank: 53
ETG Martin Ratio Rank: 58

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.

PPI vs. ETG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXS Astoria Inflation Sensitive ETF (PPI) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG). 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.

	PPI	ETG	Difference
Sharpe ratio Return per unit of total volatility	2.30	1.13	+1.17
Sortino ratio Return per unit of downside risk	2.91	1.73	+1.19
Omega ratio Gain probability vs. loss probability	1.46	1.24	+0.22
Calmar ratio Return relative to maximum drawdown	3.52	1.35	+2.18
Martin ratio Return relative to average drawdown	15.72	5.79	+9.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPI vs. ETG - Sharpe Ratio Comparison

The current PPI Sharpe Ratio is 2.30, which is higher than the ETG Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of PPI and ETG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PPI	ETG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	1.13	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.36	+0.90

Correlation

The correlation between PPI and ETG is 0.63, 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

PPI vs. ETG - Dividend Comparison

PPI's dividend yield for the trailing twelve months is around 1.04%, less than ETG's 7.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPI AXS Astoria Inflation Sensitive ETF	1.04%	1.06%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund	7.49%	6.72%	8.03%	7.02%	9.94%	6.02%	6.74%	6.83%	9.08%	7.69%	8.74%	7.93%

Drawdowns

PPI vs. ETG - Drawdown Comparison

The maximum PPI drawdown since its inception was -18.89%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for PPI and ETG.

Drawdown Indicators

	PPI	ETG	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	-74.76%	+55.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.32%	-16.64%	+3.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.53%	—
Current Drawdown Current decline from peak	-3.97%	-11.20%	+7.23%
Average Drawdown Average peak-to-trough decline	-2.98%	-13.55%	+10.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	3.88%	-0.89%

Volatility

PPI vs. ETG - Volatility Comparison

The current volatility for AXS Astoria Inflation Sensitive ETF (PPI) is 5.57%, while Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) has a volatility of 7.67%. This indicates that PPI experiences smaller price fluctuations and is considered to be less risky than ETG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPI	ETG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	7.67%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	13.63%	11.90%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	20.25%	20.21%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.40%	19.73%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	21.17%	-1.77%