ETY vs SPY
Comparison between Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed ETY, delivering a return of +13.2% compared to +9.2%
ETY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ETY vs SPY - Historical Returns
Returns include dividend reinvestment.
ETY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ETY | SPY |
|---|---|---|
| 2026 | -2.41% | +7.95% |
| 2025 | +11.01% | +18.00% |
| 2024 | +35.10% | +25.59% |
| 2023 | +21.52% | +26.72% |
| 2022 | -20.72% | -18.64% |
| 2021 | +34.82% | +30.52% |
| 2020 | +6.29% | +17.28% |
| 2019 | +31.23% | +31.09% |
| 2018 | -10.18% | -5.24% |
| 2017 | +29.36% | +20.78% |
| 2016 | +4.62% | +13.59% |
| 2015 | +9.12% | +1.31% |
| 2014 | +12.87% | +14.56% |
| 2013 | +25.11% | +29.00% |
| 2012 | +16.30% | +14.17% |
| 2011 | -13.08% | +0.85% |
| 2010 | -2.81% | +13.14% |
| 2009 | +36.46% | +22.67% |
| 2008 | -25.83% | -36.25% |
| 2007 | -8.21% | +5.32% |
| 2006 | +0.25% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
ETY vs SPY Drawdown Comparison
The maximum drawdown for ETY was -52.91%, occurring on Nov 20, 2008. Recovery took 1419 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ETY drawdown is -4.93%. The current SPY drawdown is -3.18%.
| Rank | ETY | SPY |
|---|---|---|
| #1 | -52.91% Jun 1, 2007 - Jan 18, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -42.40% Feb 12, 2020 - Nov 17, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -24.43% Sep 13, 2018 - Jun 20, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.03% Dec 31, 2021 - Feb 5, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.28% Feb 19, 2025 - Jun 25, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.39% Sep 22, 2025 - Mar 30, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -13.90% Nov 3, 2015 - Aug 5, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.52% Sep 3, 2014 - Nov 5, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.93% Jul 20, 2015 - Nov 3, 2015 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.97% Jan 26, 2018 - May 8, 2018 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.63% Sep 8, 2016 - Jan 26, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.09% May 21, 2013 - Jul 15, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.21% Jul 10, 2024 - Aug 30, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.77% Nov 28, 2014 - Feb 27, 2015 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.17% Jan 22, 2014 - Feb 18, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ETY and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
ETY vs SPY dividend yield comparison.
| Year | ETY | SPY |
|---|---|---|
| 2026 | 4.16% | 0.50% |
| 2025 | 7.76% | 1.07% |
| 2024 | 7.59% | 1.21% |
| 2023 | 7.92% | 1.40% |
| 2022 | 10.04% | 1.65% |
| 2021 | 7.01% | 1.20% |
| 2020 | 8.26% | 1.52% |
| 2019 | 8.08% | 1.75% |
| 2018 | 9.92% | 2.04% |
| 2017 | 8.30% | 1.80% |
| 2016 | 9.77% | 2.03% |
| 2015 | 9.03% | 2.06% |
| 2014 | 9.06% | 1.87% |
| 2013 | 9.26% | 1.81% |
| 2012 | 11.19% | 2.18% |
| 2011 | 13.06% | 2.05% |
| 2010 | 14.35% | 1.80% |
| 2009 | 14.09% | 1.95% |
| 2008 | 17.11% | 3.02% |
| 2007 | 11.13% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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