ETX vs APRW

Comparison between Eaton Vance Municipal Income 2028 Term Trust (ETX, ETF) and ALLIANZIM U.S. EQUITY BUFFER20 APR ETF (APRW, ETF).

5-Year PerformanceAPRW has outperformed ETX, delivering a return of +7.1% compared to +0.8%

ETX vs APRW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETX(ETF)	APRW(ETF)
Net Assets	$199M	$199M
Expense Ratio	N/A	0.74%
Max Drawdown	32.76%	9.61%
Sharpe Ratio	0.58	2.86
5Y Beta	0.08	0.38
5Y Dividends CAGR	3.62%	N/A

Net Assets

Winner

ETX

$199M

APRW

$199M

Expense Ratio

ETX

N/A

APRW

0.74%

Max Drawdown

ETX

32.76%

Winner

APRW

9.61%

Sharpe Ratio

ETX

0.58

Winner

APRW

2.86

5Y Beta

Winner

ETX

0.08

APRW

0.38

5Y Dividends CAGR

ETX

3.62%

APRW

N/A

ETX vs APRW - Historical Returns

Returns include dividend reinvestment.

Period	ETX	APRW
1 month	-1.04%	+0.77%
3 months	+1.06%	+5.31%
6 months	+0.30%	+6.96%
1 year	+8.67%	+12.34%
5 years(CAGR)	+0.84%	+7.14%
10 years(CAGR)	+3.32%	N/A
Max(CAGR)	+4.07%	+7.33%

ETX

-1.04%

Winner

APRW

+0.77%

ETX

+1.06%

Winner

APRW

+5.31%

ETX

+0.30%

Winner

APRW

+6.96%

ETX

+8.67%

Winner

APRW

+12.34%

5Y(CAGR)

ETX

+0.84%

Winner

APRW

+7.14%

10Y(CAGR)

ETX

+3.32%

APRW

N/A

Max(CAGR)

ETX

+4.07%

Winner

APRW

+7.33%

ETX vs APRW - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	ETX	APRW
2026	+2.23%	+6.38%
2025	+11.55%	+6.24%
2024	+6.08%	+11.33%
2023	-0.69%	+12.33%
2022	-13.36%	-2.92%
2021	-4.59%	+5.77%
2020	+12.33%	+5.88%
2019	+17.34%	N/A
2018	-3.05%	N/A
2017	+9.16%	N/A
2016	+8.96%	N/A
2015	+10.25%	N/A
2014	+24.43%	N/A
2013	-24.56%	N/A

ETX vs APRW Drawdown Comparison

The maximum drawdown for ETX was -32.09%, occurring on Aug 16, 2013. Recovery took 649 trading sessions.

The maximum drawdown for APRW was -9.61%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.

The current ETX drawdown is -1.76%. The current APRW drawdown is -0.03%.

Rank	ETX	APRW
#1	-32.09% May 3, 2013 - Nov 30, 2015	-9.61% Feb 19, 2025 - Jul 24, 2025
#2	-25.15% Dec 5, 2019 - Aug 3, 2020	-9.05% Apr 4, 2022 - May 17, 2023
#3	-24.19% Jun 29, 2021 - Oct 28, 2025	-3.91% Jul 16, 2024 - Aug 19, 2024
#4	-11.85% Aug 22, 2016 - Aug 29, 2017	-3.58% Sep 14, 2023 - Nov 10, 2023
#5	-9.62% Oct 2, 2018 - Jan 24, 2019	-2.66% Jun 8, 2020 - Jul 15, 2020
#6	-8.40% Sep 15, 2017 - Oct 2, 2018	-2.45% Mar 28, 2024 - May 9, 2024
#7	-7.93% Mar 22, 2021 - Jun 29, 2021	-1.94% Aug 30, 2024 - Sep 17, 2024
#8	-6.85% Dec 31, 2020 - Mar 22, 2021	-1.81% Dec 29, 2021 - Mar 18, 2022
#9	-6.85% Sep 9, 2020 - Nov 25, 2020	-1.53% Oct 12, 2020 - Nov 5, 2020
#10	-6.76% Sep 10, 2019 - Oct 8, 2019	-1.44% Jul 31, 2023 - Sep 1, 2023
#11	-5.69% Oct 8, 2019 - Dec 5, 2019	-1.36% Dec 16, 2024 - Jan 15, 2025
#12	-4.93% Oct 28, 2025 - May 19, 2026	-1.32% May 7, 2021 - May 27, 2021
#13	-4.14% Jul 7, 2016 - Aug 8, 2016	-1.28% Aug 28, 2020 - Oct 8, 2020
#14	-3.40% May 16, 2016 - Jun 3, 2016	-1.04% May 18, 2023 - Jun 1, 2023
#15	-3.09% Dec 2, 2020 - Dec 29, 2020	-0.94% Sep 2, 2021 - Oct 15, 2021

Correlation

Correlation between ETX and APRW is 0.43 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.43

-101

Dividend Comparison (2013 - 2026)

ETX vs APRW dividend yield comparison.

Year	ETX	APRW
2026	2.51%	0.00%
2025	5.02%	0.00%
2024	5.33%	0.00%
2023	4.15%	0.00%
2022	4.62%	0.00%
2021	3.96%	0.00%
2020	3.60%	3.67%
2019	3.88%	0.00%
2018	4.46%	0.00%
2017	4.11%	0.00%
2016	4.33%	0.00%
2015	4.59%	0.00%
2014	5.26%	0.00%
2013	3.39%	0.00%