^GSPC vs. ETV
Compare and contrast key facts about S&P 500 (^GSPC) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GSPC or ETV.
Key characteristics
| ^GSPC | ETV | |
|---|---|---|
| YTD Return | 6.92% | 5.33% |
| 1Y Return | 23.33% | 12.41% |
| 3Y Return (Ann) | 6.81% | 1.09% |
| 5Y Return (Ann) | 11.66% | 4.95% |
| 10Y Return (Ann) | 10.52% | 7.82% |
| Sharpe Ratio | 2.19 | 1.16 |
| Daily Std Dev | 11.75% | 12.11% |
| Max Drawdown | -56.78% | -52.11% |
| Current Drawdown | -2.94% | -7.48% |
Correlation
The correlation between ^GSPC and ETV is 0.66, 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.
Performance
^GSPC vs. ETV - Performance Comparison
In the year-to-date period, ^GSPC achieves a 6.92% return, which is significantly higher than ETV's 5.33% return. Over the past 10 years, ^GSPC has outperformed ETV with an annualized return of 10.52%, while ETV has yielded a comparatively lower 7.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^GSPC vs. ETV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) 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.
Drawdowns
^GSPC vs. ETV - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, which is greater than ETV's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ^GSPC and ETV. For additional features, visit the drawdowns tool.
Volatility
^GSPC vs. ETV - Volatility Comparison
S&P 500 (^GSPC) has a higher volatility of 3.65% compared to Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) at 2.98%. This indicates that ^GSPC's price experiences larger fluctuations and is considered to be riskier than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.