ETY vs NVG
Comparison between Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF) and Nuveen AMT-Free Municipal Credit Income Fund (NVG, ETF).
5-Year PerformanceETY has outperformed NVG, delivering a return of +8.7% compared to -1.4%
ETY vs NVG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ETY vs NVG - Historical Returns
Returns include dividend reinvestment.
ETY vs NVG - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | ETY | NVG |
|---|---|---|
| 2026 | -0.67% | +1.35% |
| 2025 | +11.01% | +9.98% |
| 2024 | +35.10% | +9.69% |
| 2023 | +21.52% | +0.11% |
| 2022 | -20.72% | -27.85% |
| 2021 | +34.82% | +13.29% |
| 2020 | +6.29% | +6.38% |
| 2019 | +31.23% | +23.79% |
| 2018 | -10.18% | -4.20% |
| 2017 | +29.36% | +12.94% |
| 2016 | +4.62% | +5.52% |
| 2015 | +9.12% | +8.10% |
| 2014 | +12.87% | +19.22% |
| 2013 | +25.11% | -15.57% |
| 2012 | +16.30% | +8.01% |
| 2011 | -13.08% | +17.91% |
| 2010 | -2.81% | +1.39% |
| 2009 | +36.46% | +30.55% |
| 2008 | -25.83% | -10.71% |
| 2007 | -8.21% | -6.77% |
| 2006 | +0.25% | +12.48% |
| 2005 | N/A | +6.29% |
| 2004 | N/A | -0.25% |
| 2003 | N/A | +8.76% |
| 2002 | N/A | +1.41% |
ETY vs NVG Drawdown Comparison
The maximum drawdown for ETY was -52.91%, occurring on Nov 20, 2008. Recovery took 1419 trading sessions.
The maximum drawdown for NVG was -41.66%, occurring on Oct 10, 2008. Recovery took 577 trading sessions.
The current ETY drawdown is -3.23%. The current NVG drawdown is -8.54%.
| Rank | ETY | NVG |
|---|---|---|
| #1 | -52.91% Jun 1, 2007 - Jan 18, 2013 | -41.66% May 11, 2007 - Aug 25, 2009 |
| #2 | -42.40% Feb 12, 2020 - Nov 17, 2020 | -40.57% Dec 31, 2021 - Oct 25, 2023 |
| #3 | -24.43% Sep 13, 2018 - Jun 20, 2019 | -26.56% Mar 3, 2020 - Dec 3, 2020 |
| #4 | -24.03% Dec 31, 2021 - Feb 5, 2024 | -23.03% Nov 30, 2012 - Jan 13, 2015 |
| #5 | -21.28% Feb 19, 2025 - Jun 25, 2025 | -16.64% Mar 10, 2004 - Feb 3, 2005 |
| #6 | -14.39% Sep 22, 2025 - Mar 30, 2026 | -15.58% Aug 27, 2010 - Sep 9, 2011 |
| #7 | -13.90% Nov 3, 2015 - Aug 5, 2016 | -13.96% Aug 12, 2016 - Aug 1, 2017 |
| #8 | -12.52% Sep 3, 2014 - Nov 5, 2014 | -11.44% Jun 17, 2003 - Jan 12, 2004 |
| #9 | -11.93% Jul 20, 2015 - Nov 3, 2015 | -10.73% Jan 8, 2018 - Mar 4, 2019 |
| #10 | -8.97% Jan 26, 2018 - May 8, 2018 | -8.56% Oct 7, 2002 - Mar 11, 2003 |
| #11 | -8.63% Sep 8, 2016 - Jan 26, 2017 | -8.50% Feb 3, 2005 - May 31, 2005 |
| #12 | -8.09% May 21, 2013 - Jul 15, 2013 | -7.72% Sep 1, 2021 - Dec 31, 2021 |
| #13 | -7.21% Jul 10, 2024 - Aug 30, 2024 | -6.58% Feb 8, 2012 - May 11, 2012 |
| #14 | -6.77% Nov 28, 2014 - Feb 27, 2015 | -6.50% Feb 2, 2015 - Dec 11, 2015 |
| #15 | -6.17% Jan 22, 2014 - Feb 18, 2014 | -6.41% Apr 28, 2006 - Jul 31, 2006 |
Correlation
Correlation between ETY and NVG is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2002 - 2026)
ETY vs NVG dividend yield comparison.
| Year | ETY | NVG |
|---|---|---|
| 2026 | 5.52% | 5.17% |
| 2025 | 7.76% | 7.49% |
| 2024 | 7.59% | 6.74% |
| 2023 | 7.92% | 4.45% |
| 2022 | 10.04% | 6.18% |
| 2021 | 7.01% | 4.69% |
| 2020 | 8.26% | 5.24% |
| 2019 | 8.08% | 4.94% |
| 2018 | 9.92% | 6.07% |
| 2017 | 8.30% | 5.67% |
| 2016 | 9.77% | 6.17% |
| 2015 | 9.03% | 5.46% |
| 2014 | 9.06% | 5.84% |
| 2013 | 9.26% | 5.71% |
| 2012 | 11.19% | 6.13% |
| 2011 | 13.06% | 5.99% |
| 2010 | 14.35% | 6.20% |
| 2009 | 14.09% | 5.24% |
| 2008 | 17.11% | 6.11% |
| 2007 | 11.13% | 5.44% |
| 2006 | 0.00% | 5.59% |
| 2005 | 0.00% | 6.18% |
| 2004 | 0.00% | 7.45% |
| 2003 | 0.00% | 6.59% |
| 2002 | 0.00% | 2.26% |
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