ETB vs IBND

Comparison between Eaton Vance Tax-Managed Buy-Write Income Fund (ETB, ETF) and SPDR(R) BLOOMBERG INTERNATIONAL CORPORATE BOND ETF (IBND, ETF).

5-Year PerformanceETB has outperformed IBND, delivering a return of +7.3% compared to -1.6%

ETB vs IBND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETB(ETF)	IBND(ETF)
Net Assets	$485M	$485M
Expense Ratio	N/A	0.50%
Max Drawdown	59.40%	36.02%
Sharpe Ratio	1.23	-0.18
5Y Beta	0.75	0.06
5Y Dividends CAGR	1.20%	41.50%

Net Assets

ETB

$485M

Winner

IBND

$485M

Expense Ratio

ETB

N/A

IBND

0.50%

Max Drawdown

ETB

59.40%

Winner

IBND

36.02%

Sharpe Ratio

Winner

ETB

1.23

IBND

-0.18

5Y Beta

ETB

0.75

Winner

IBND

0.06

5Y Dividends CAGR

ETB

1.20%

Winner

IBND

41.50%

ETB vs IBND - Historical Returns

Returns include dividend reinvestment.

Period	ETB	IBND
1 month	-0.54%	-0.49%
3 months	+1.71%	-0.73%
6 months	+4.06%	-0.73%
1 year	+18.75%	+2.11%
5 years(CAGR)	+7.29%	-1.59%
10 years(CAGR)	+8.33%	+0.59%
Max(CAGR)	+8.10%	+1.38%

ETB

-0.54%

Winner

IBND

-0.49%

Winner

ETB

+1.71%

IBND

-0.73%

Winner

ETB

+4.06%

IBND

-0.73%

Winner

ETB

+18.75%

IBND

+2.11%

5Y(CAGR)

Winner

ETB

+7.29%

IBND

-1.59%

10Y(CAGR)

Winner

ETB

+8.33%

IBND

+0.59%

Max(CAGR)

Winner

ETB

+8.10%

IBND

+1.38%

ETB vs IBND - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	ETB	IBND
2026	+3.33%	-1.24%
2025	+11.50%	+17.24%
2024	+26.79%	-1.83%
2023	+7.26%	+11.58%
2022	-17.06%	-18.66%
2021	+26.64%	-8.55%
2020	+0.51%	+11.93%
2019	+29.45%	+5.37%
2018	-12.67%	-6.18%
2017	+12.37%	+16.62%
2016	+8.92%	+0.55%
2015	+13.83%	-10.02%
2014	+16.83%	-4.11%
2013	+11.61%	+5.28%
2012	+19.91%	+11.98%
2011	-3.08%	-0.32%
2010	-4.88%	+7.55%
2009	+46.53%	N/A
2008	-19.08%	N/A
2007	-8.12%	N/A
2006	+26.09%	N/A
2005	-4.99%	N/A

ETB vs IBND Drawdown Comparison

The maximum drawdown for ETB was -50.92%, occurring on Nov 20, 2008. Recovery took 578 trading sessions.

The maximum drawdown for IBND was -35.62%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The current ETB drawdown is -2.31%. The current IBND drawdown is -9.88%.

Rank	ETB	IBND
#1	-50.92% Jun 1, 2007 - Sep 16, 2009	-35.62% Dec 30, 2020 - Sep 27, 2022
#2	-45.03% Feb 19, 2020 - Mar 17, 2021	-21.72% May 6, 2014 - Nov 25, 2020
#3	-25.67% Mar 24, 2010 - Jul 13, 2012	-11.03% May 2, 2011 - Oct 4, 2012
#4	-24.54% Sep 20, 2018 - Apr 29, 2019	-8.60% Oct 14, 2010 - Apr 8, 2011
#5	-23.45% Mar 22, 2022 - Jul 12, 2024	-6.01% Feb 1, 2013 - Sep 18, 2013
#6	-20.10% Jan 23, 2025 - Aug 6, 2025	-4.34% May 20, 2010 - Jul 6, 2010
#7	-17.38% Dec 29, 2015 - Apr 12, 2016	-3.88% Aug 6, 2010 - Sep 22, 2010
#8	-14.19% Jan 14, 2010 - Mar 10, 2010	-3.47% Oct 24, 2013 - Feb 13, 2014
#9	-13.97% Oct 15, 2012 - Jan 15, 2013	-2.62% Oct 17, 2012 - Dec 4, 2012
#10	-12.26% Aug 2, 2005 - Mar 13, 2006	-1.89% Dec 27, 2012 - Jan 10, 2013
#11	-11.06% Jul 28, 2014 - Oct 31, 2014	-1.80% Mar 18, 2014 - Apr 11, 2014
#12	-10.54% Aug 19, 2015 - Nov 23, 2015	-0.98% Jul 19, 2010 - Jul 23, 2010
#13	-9.17% Feb 25, 2026 - Apr 15, 2026	-0.97% Dec 4, 2012 - Dec 12, 2012
#14	-9.02% Jan 12, 2022 - Feb 16, 2022	-0.92% Oct 3, 2013 - Oct 17, 2013
#15	-8.93% Jan 12, 2018 - Jul 17, 2018	-0.92% Oct 4, 2012 - Oct 16, 2012

Correlation

Correlation between ETB and IBND is 0.11 which considered as a very weak or no correlation - the stocks move independently of each other.

0.11

-101

Dividend Comparison (2005 - 2026)

ETB vs IBND dividend yield comparison.

Year	ETB	IBND
2026	3.47%	1.14%
2025	8.31%	2.49%
2024	8.21%	2.61%
2023	8.62%	2.08%
2022	9.63%	0.54%
2021	7.57%	0.38%
2020	8.64%	0.45%
2019	7.90%	0.67%
2018	9.64%	0.71%
2017	7.75%	0.34%
2016	7.85%	0.01%
2015	7.77%	0.01%
2014	8.15%	1.66%
2013	8.70%	1.24%
2012	9.24%	1.21%
2011	10.09%	2.40%
2010	12.49%	2.16%
2009	10.68%	0.00%
2008	14.37%	0.00%
2007	10.33%	0.00%
2006	8.53%	0.00%
2005	4.96%	0.00%