ETB vs SFTY

Comparison between Eaton Vance Tax-Managed Buy-Write Income Fund (ETB, ETF) and HORIZON MANAGED RISK ETF (SFTY, ETF).

ETB vs SFTY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETB(ETF)	SFTY(ETF)
Net Assets	$494M	$495M
Expense Ratio	N/A	0.77%
Max Drawdown	59.40%	8.64%
Sharpe Ratio	1.07	1.25
5Y Beta	0.75	0.93
P/E Ratio	N/A	27.26
Forward P/E	N/A	20.38
PEG Ratio	N/A	0.35
5Y Dividends CAGR	1.20%	N/A
5Y EPS CAGR	N/A	25.63%
Debt to Equity	N/A	4.93%
P/S Ratio	N/A	3.70
P/B Ratio	N/A	5.84

Net Assets

ETB

$494M

Winner

SFTY

$495M

Expense Ratio

ETB

N/A

SFTY

0.77%

Max Drawdown

ETB

59.40%

Winner

SFTY

8.64%

Sharpe Ratio

ETB

1.07

Winner

SFTY

1.25

5Y Beta

Winner

ETB

0.75

SFTY

0.93

P/E Ratio

ETB

N/A

SFTY

27.26

Forward P/E

ETB

N/A

SFTY

20.38

PEG Ratio

ETB

N/A

SFTY

0.35

5Y Dividends CAGR

ETB

1.20%

SFTY

N/A

5Y EPS CAGR

ETB

N/A

SFTY

25.63%

Debt to Equity

ETB

N/A

SFTY

4.93%

P/S Ratio

ETB

N/A

SFTY

3.70

P/B Ratio

ETB

N/A

SFTY

5.84

ETB vs SFTY - Historical Returns

Returns include dividend reinvestment.

Period	ETB	SFTY
1 month	+1.48%	+0.95%
3 months	+3.43%	+4.55%
6 months	+3.49%	+7.23%
1 year	+14.87%	+18.17%
5 years(CAGR)	+7.40%	N/A
10 years(CAGR)	+8.18%	N/A
Max(CAGR)	+8.15%	+19.75%

Winner

ETB

+1.48%

SFTY

+0.95%

ETB

+3.43%

Winner

SFTY

+4.55%

ETB

+3.49%

Winner

SFTY

+7.23%

ETB

+14.87%

Winner

SFTY

+18.17%

5Y(CAGR)

ETB

+7.40%

SFTY

N/A

10Y(CAGR)

ETB

+8.18%

SFTY

N/A

Max(CAGR)

ETB

+8.15%

Winner

SFTY

+19.75%

ETB vs SFTY - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	ETB	SFTY
2026	+5.30%	+8.29%
2025	+11.50%	+11.73%
2024	+26.79%	N/A
2023	+7.26%	N/A
2022	-17.06%	N/A
2021	+26.64%	N/A
2020	+0.51%	N/A
2019	+29.45%	N/A
2018	-12.67%	N/A
2017	+12.37%	N/A
2016	+8.92%	N/A
2015	+13.83%	N/A
2014	+16.83%	N/A
2013	+11.61%	N/A
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 SFTY Drawdown Comparison

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

The maximum drawdown for SFTY was -8.64%, occurring on Mar 30, 2026. Recovery took 54 trading sessions.

The current ETB drawdown is -1.57%. The current SFTY drawdown is -1.80%.

Rank	ETB	SFTY
#1	-50.92% Jun 1, 2007 - Sep 16, 2009	-8.64% Jan 27, 2026 - Apr 15, 2026
#2	-45.03% Feb 19, 2020 - Mar 17, 2021	-4.59% Oct 28, 2025 - Dec 10, 2025
#3	-25.67% Mar 24, 2010 - Jul 13, 2012	-3.77% Jun 2, 2026 - Jul 10, 2026
#4	-24.54% Sep 20, 2018 - Apr 29, 2019	-2.75% Dec 11, 2025 - Dec 23, 2025
#5	-23.45% Mar 22, 2022 - Jul 12, 2024	-2.56% Oct 8, 2025 - Oct 20, 2025
#6	-20.10% Jan 23, 2025 - Aug 6, 2025	-2.42% Jan 12, 2026 - Jan 27, 2026
#7	-17.38% Dec 29, 2015 - Apr 12, 2016	-1.88% May 14, 2026 - May 26, 2026
#8	-14.19% Jan 14, 2010 - Mar 10, 2010	-1.80% Jul 10, 2026 - Jul 23, 2026
#9	-13.97% Oct 15, 2012 - Jan 15, 2013	-1.57% Jul 25, 2025 - Aug 6, 2025
#10	-12.26% Aug 2, 2005 - Mar 13, 2006	-1.45% Aug 12, 2025 - Aug 28, 2025
#11	-11.06% Jul 28, 2014 - Oct 31, 2014	-1.34% Sep 22, 2025 - Oct 6, 2025
#12	-10.54% Aug 19, 2015 - Nov 23, 2015	-1.26% Dec 24, 2025 - Jan 9, 2026
#13	-9.17% Feb 25, 2026 - Apr 15, 2026	-1.10% Apr 17, 2026 - Apr 24, 2026
#14	-9.02% Jan 12, 2022 - Feb 16, 2022	-1.04% Aug 28, 2025 - Sep 4, 2025
#15	-8.93% Jan 12, 2018 - Jul 17, 2018	-0.79% Jul 3, 2025 - Jul 17, 2025

Correlation

Correlation between ETB and SFTY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2005 - 2026)

ETB vs SFTY dividend yield comparison.

Year	ETB	SFTY
2026	4.83%	0.00%
2025	8.31%	0.19%
2024	8.21%	0.00%
2023	8.62%	0.00%
2022	9.63%	0.00%
2021	7.57%	0.00%
2020	8.64%	0.00%
2019	7.90%	0.00%
2018	9.64%	0.00%
2017	7.75%	0.00%
2016	7.85%	0.00%
2015	7.77%	0.00%
2014	8.15%	0.00%
2013	8.70%	0.00%
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%