ETB vs KIO

Comparison between Eaton Vance Tax-Managed Buy-Write Income Fund (ETB, ETF) and KKR Income Opportunities Fund (KIO, ETF).

5-Year PerformanceETB has outperformed KIO, delivering a return of +7.4% compared to +3.3%

ETB vs KIO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETB(ETF)	KIO(ETF)
Net Assets	$494M	$493M
Max Drawdown	59.40%	54.47%
Sharpe Ratio	1.07	-0.33
5Y Beta	0.75	0.42
5Y Dividends CAGR	1.20%	3.65%

Net Assets

Winner

ETB

$494M

KIO

$493M

Max Drawdown

ETB

59.40%

Winner

KIO

54.47%

Sharpe Ratio

Winner

ETB

1.07

KIO

-0.33

5Y Beta

ETB

0.75

Winner

KIO

0.42

5Y Dividends CAGR

ETB

1.20%

Winner

KIO

3.65%

ETB vs KIO - Historical Returns

Returns include dividend reinvestment.

Period	ETB	KIO
1 month	+1.48%	-0.38%
3 months	+3.43%	+2.16%
6 months	+3.49%	+1.08%
1 year	+14.87%	-1.07%
5 years(CAGR)	+7.40%	+3.25%
10 years(CAGR)	+8.18%	+6.98%
Max(CAGR)	+8.15%	+5.74%

Winner

ETB

+1.48%

KIO

-0.38%

Winner

ETB

+3.43%

KIO

+2.16%

Winner

ETB

+3.49%

KIO

+1.08%

Winner

ETB

+14.87%

KIO

-1.07%

5Y(CAGR)

Winner

ETB

+7.40%

KIO

+3.25%

10Y(CAGR)

Winner

ETB

+8.18%

KIO

+6.98%

Max(CAGR)

Winner

ETB

+8.15%

KIO

+5.74%

ETB vs KIO - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	ETB	KIO
2026	+5.30%	+2.32%
2025	+11.50%	-2.83%
2024	+26.79%	+17.41%
2023	+7.26%	+29.09%
2022	-17.06%	-27.27%
2021	+26.64%	+27.26%
2020	+0.51%	+1.34%
2019	+29.45%	+20.28%
2018	-12.67%	-2.51%
2017	+12.37%	+9.90%
2016	+8.92%	+29.34%
2015	+13.83%	-5.77%
2014	+16.83%	-1.42%
2013	+11.61%	-7.01%
2012	+19.91%	N/A
2011	-3.08%	N/A
2010	-4.88%	N/A
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 KIO Drawdown Comparison

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

The maximum drawdown for KIO was -43.82%, occurring on Mar 18, 2020. Recovery took 234 trading sessions.

The current ETB drawdown is -1.57%. The current KIO drawdown is -8.96%.

Rank	ETB	KIO
#1	-50.92% Jun 1, 2007 - Sep 16, 2009	-43.82% Feb 20, 2020 - Jan 25, 2021
#2	-45.03% Feb 19, 2020 - Mar 17, 2021	-31.84% Dec 31, 2021 - Feb 29, 2024
#3	-25.67% Mar 24, 2010 - Jul 13, 2012	-22.85% Oct 9, 2024 - Apr 7, 2025
#4	-24.54% Sep 20, 2018 - Apr 29, 2019	-22.05% Jun 30, 2014 - Jun 17, 2016
#5	-23.45% Mar 22, 2022 - Jul 12, 2024	-18.47% Aug 27, 2018 - Apr 11, 2019
#6	-20.10% Jan 23, 2025 - Aug 6, 2025	-13.68% Oct 12, 2017 - Aug 3, 2018
#7	-17.38% Dec 29, 2015 - Apr 12, 2016	-12.61% Jul 26, 2013 - Jun 30, 2014
#8	-14.19% Jan 14, 2010 - Mar 10, 2010	-6.92% Oct 25, 2016 - Dec 16, 2016
#9	-13.97% Oct 15, 2012 - Jan 15, 2013	-6.55% Nov 11, 2021 - Dec 31, 2021
#10	-12.26% Aug 2, 2005 - Mar 13, 2006	-5.66% May 6, 2019 - Jun 21, 2019
#11	-11.06% Jul 28, 2014 - Oct 31, 2014	-3.69% Jun 23, 2016 - Jul 15, 2016
#12	-10.54% Aug 19, 2015 - Nov 23, 2015	-3.48% Mar 28, 2024 - May 3, 2024
#13	-9.17% Feb 25, 2026 - Apr 15, 2026	-3.46% Aug 2, 2019 - Sep 24, 2019
#14	-9.02% Jan 12, 2022 - Feb 16, 2022	-3.41% Jul 31, 2024 - Aug 19, 2024
#15	-8.93% Jan 12, 2018 - Jul 17, 2018	-3.11% Sep 10, 2021 - Oct 22, 2021

Correlation

Correlation between ETB and KIO is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2005 - 2026)

ETB vs KIO dividend yield comparison.

Year	ETB	KIO
2026	4.83%	7.74%
2025	8.31%	12.58%
2024	8.21%	10.90%
2023	8.62%	11.34%
2022	9.63%	11.44%
2021	7.57%	7.45%
2020	8.64%	10.12%
2019	7.90%	9.51%
2018	9.64%	10.53%
2017	7.75%	9.66%
2016	7.85%	9.92%
2015	7.77%	10.81%
2014	8.15%	10.19%
2013	8.70%	3.00%
2012	9.24%	0.00%
2011	10.09%	0.00%
2010	12.49%	0.00%
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%