VYMSX vs. ETV

Last updated Aug 1, 2026

VYMSX (Voya Mid Cap Research Enhanced Index Fund) is Mid Cap Blend Equities fund managed by Voya, while ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) is a stock. Over the past 10 years, VYMSX returned 10.22%/yr vs 9.27%/yr for ETV. Their 0.62 correlation means they have sometimes moved together and sometimes differently. VYMSX charges 0.82%/yr vs 1.08%/yr for ETV.

Performance

VYMSX vs. ETV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Mid Cap Research Enhanced Index Fund (VYMSX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VYMSX achieves a 17.08% return, which is significantly higher than ETV's 7.08% return. Over the past 10 years, VYMSX has outperformed ETV with an annualized return of 10.22%, while ETV has yielded a comparatively lower 9.27% annualized return.

VYMSX

• 1D: 0.64%
• 1M: -0.90%
• 6M: 13.00%
• YTD: 17.08%
• 1Y: 23.06%
• 3Y*: 14.06%
• 5Y*: 8.70%
• 10Y*: 10.22%
• ALL TIME*: 8.90%

ETV

• 1D: 0.76%
• 1M: -1.75%
• 6M: 4.24%
• YTD: 7.08%
• 1Y: 16.92%
• 3Y*: 12.83%
• 5Y*: 6.62%
• 10Y*: 9.27%
• ALL TIME*: 8.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	$2.10M	$2.19M	$2.41M
VYMSX Voya Mid Cap Research Enhanced Index Fund	$0.00	$0.00	$0.00

VYMSX vs. ETV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VYMSX Voya Mid Cap Research Enhanced Index Fund	17.08%	6.79%	14.92%	17.35%	-14.63%	27.47%	8.26%	28.18%	-14.55%	13.43%
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	7.08%	8.63%	27.67%	9.94%	-19.73%	18.41%	13.03%	21.25%	-4.29%	12.98%

Correlation

The correlation between VYMSX and ETV is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Jun 28, 2005	0.62

The correlation between VYMSX and ETV has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

Return for Risk

VYMSX vs. ETV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VYMSX

VYMSX Risk / Return Rank: 58
VYMSX Sharpe Ratio Rank: 51
VYMSX Sortino Ratio Rank: 54
VYMSX Omega Ratio Rank: 43
VYMSX Calmar Ratio Rank: 72
VYMSX Martin Ratio Rank: 71

ETV

ETV Risk / Return Rank: 77
ETV Sharpe Ratio Rank: 79
ETV Sortino Ratio Rank: 74
ETV Omega Ratio Rank: 73
ETV Calmar Ratio Rank: 74
ETV Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VYMSX vs. ETV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Mid Cap Research Enhanced Index Fund (VYMSX) 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.

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.

	VYMSX	ETV	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.18	+0.18
Sortino ratio: Return per unit of downside risk	2.01	1.72	+0.29
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	2.33	1.50	+0.83
Martin ratio: Return relative to average drawdown	8.77	7.19	+1.58

VYMSX vs. ETV - Sharpe Ratio Comparison

The current VYMSX Sharpe Ratio is 1.36, which is comparable to the ETV Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of VYMSX and ETV, 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

VYMSX vs. ETV - Drawdown Comparison

The maximum VYMSX drawdown since its inception was -57.85%, which is greater than ETV's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for VYMSX and ETV.

Drawdown Indicators

	VYMSX	ETV	Difference
Max Drawdown Largest peak-to-trough decline	-57.85%	-52.11%	-5.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-10.34%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-24.02%	-20.27%	-3.75%
Max Drawdown (5Y) Largest decline over 5 years	-31.71%	-22.71%	-9.00%
Max Drawdown (10Y) Largest decline over 10 years	-43.69%	-42.39%	-1.30%
Current Drawdown Current decline from peak	-3.15%	-3.23%	+0.08%
Average Drawdown Average peak-to-trough decline	-9.12%	-5.55%	-3.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.16%	+0.53%

Volatility

VYMSX vs. ETV - Volatility Comparison

The current volatility for Voya Mid Cap Research Enhanced Index Fund (VYMSX) is 4.02%, while Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a volatility of 4.67%. This indicates that VYMSX 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.

Volatility by Period

	VYMSX	ETV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	4.67%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	13.39%	10.88%	+2.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.77%	13.22%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.36%	17.00%	+6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.90%	19.32%	+3.58%

VYMSX vs. ETV - Expense Ratio Comparison

VYMSX has a 0.82% expense ratio, which is lower than ETV's 1.08% expense ratio.

Dividends

VYMSX vs. ETV - Dividend Comparison

VYMSX's dividend yield for the trailing twelve months is around 25.42%, more than ETV's 8.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	8.13%	8.30%	8.18%	9.24%	10.57%	7.94%	8.66%	8.89%	9.86%	8.65%	8.96%	8.69%
VYMSX Voya Mid Cap Research Enhanced Index Fund	25.42%	29.77%	11.50%	0.96%	6.78%	14.81%	0.79%	2.00%	13.24%	7.58%	1.83%	6.83%

Frequently Asked Questions

Can I hold both VYMSX and ETV in my portfolio?

VYMSX and ETV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VYMSX or ETV?

ETV has higher volatility (4.67%) compared to VYMSX (4.02%). In terms of maximum drawdown, VYMSX dropped -57.85% vs ETV's -52.11%.

Which has better risk-adjusted returns?

VYMSX currently has the higher Sharpe Ratio (1.36 vs 1.18), 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.