ETY vs SPYX

Comparison between Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF) and SPDR S&P 500 FOSSIL FUEL RESERVES FREE ETF (SPYX, ETF).

5-Year PerformanceSPYX has outperformed ETY, delivering a return of +12.9% compared to +10.7%

ETY vs SPYX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETY(ETF)	SPYX(ETF)
Net Assets	$2.30B	$2.30B
Expense Ratio	N/A	0.20%
Max Drawdown	64.57%	33.23%
Sharpe Ratio	0.84	1.98
5Y Beta	0.94	0.99
P/E Ratio	N/A	28.93
Forward P/E	N/A	22.38
5Y Dividends CAGR	4.98%	4.43%
5Y EPS CAGR	N/A	28.35%
Debt to Equity	N/A	37.28%
P/S Ratio	N/A	3.61
P/B Ratio	N/A	5.63

Net Assets

ETY

$2.30B

SPYX

$2.30B

Expense Ratio

ETY

N/A

SPYX

0.20%

Max Drawdown

ETY

64.57%

Winner

SPYX

33.23%

Sharpe Ratio

ETY

0.84

Winner

SPYX

1.98

5Y Beta

Winner

ETY

0.94

SPYX

0.99

P/E Ratio

ETY

N/A

SPYX

28.93

Forward P/E

ETY

N/A

SPYX

22.38

5Y Dividends CAGR

Winner

ETY

4.98%

SPYX

4.43%

5Y EPS CAGR

ETY

N/A

SPYX

28.35%

Debt to Equity

ETY

N/A

SPYX

37.28%

P/S Ratio

ETY

N/A

SPYX

3.61

P/B Ratio

ETY

N/A

SPYX

5.63

ETY vs SPYX - Historical Returns

Returns include dividend reinvestment.

Period	ETY	SPYX
1 month	+6.58%	+9.35%
3 months	+1.80%	+6.35%
6 months	+0.85%	+9.81%
1 year	+13.62%	+31.37%
5 years(CAGR)	+10.72%	+12.92%
10 years(CAGR)	+13.00%	+15.55%
Max(CAGR)	+8.72%	+14.69%

ETY

+6.58%

Winner

SPYX

+9.35%

ETY

+1.80%

Winner

SPYX

+6.35%

ETY

+0.85%

Winner

SPYX

+9.81%

ETY

+13.62%

Winner

SPYX

+31.37%

5Y(CAGR)

ETY

+10.72%

Winner

SPYX

+12.92%

10Y(CAGR)

ETY

+13.00%

Winner

SPYX

+15.55%

Max(CAGR)

ETY

+8.72%

Winner

SPYX

+14.69%

ETY vs SPYX - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	ETY	SPYX
2026	+0.85%	+7.60%
2025	+11.01%	+18.23%
2024	+35.10%	+26.04%
2023	+21.52%	+27.44%
2022	-20.72%	-19.97%
2021	+34.82%	+30.12%
2020	+6.29%	+18.84%
2019	+31.23%	+31.63%
2018	-10.18%	-4.86%
2017	+29.36%	+22.61%
2016	+4.62%	+12.60%
2015	+9.12%	-2.02%
2014	+12.87%	N/A
2013	+25.11%	N/A
2012	+16.30%	N/A
2011	-13.08%	N/A
2010	-2.81%	N/A
2009	+36.46%	N/A
2008	-25.83%	N/A
2007	-8.21%	N/A
2006	+0.25%	N/A

ETY vs SPYX Drawdown Comparison

The maximum drawdown for ETY was -52.91%, occurring on Nov 20, 2008. Recovery took 1419 trading sessions.

The maximum drawdown for SPYX was -32.83%, occurring on Mar 23, 2020. Recovery took 118 trading sessions.

The current ETY drawdown is -1.75%.

Rank	ETY	SPYX
#1	-52.91% Jun 1, 2007 - Jan 18, 2013	-32.83% Feb 19, 2020 - Aug 6, 2020
#2	-42.40% Feb 12, 2020 - Nov 17, 2020	-26.15% Dec 29, 2021 - Dec 14, 2023
#3	-24.43% Sep 13, 2018 - Jun 20, 2019	-19.19% Sep 20, 2018 - Apr 12, 2019
#4	-24.03% Dec 31, 2021 - Feb 5, 2024	-18.74% Feb 19, 2025 - Jun 26, 2025
#5	-21.28% Feb 19, 2025 - Jun 25, 2025	-12.46% Dec 1, 2015 - Apr 19, 2016
#6	-14.39% Sep 22, 2025 - Mar 30, 2026	-9.84% Jan 12, 2026 - Apr 15, 2026
#7	-13.90% Nov 3, 2015 - Aug 5, 2016	-9.67% Jan 26, 2018 - Jul 25, 2018
#8	-12.52% Sep 3, 2014 - Nov 5, 2014	-9.55% Sep 2, 2020 - Nov 11, 2020
#9	-11.93% Jul 20, 2015 - Nov 3, 2015	-8.45% Jul 16, 2024 - Sep 19, 2024
#10	-8.97% Jan 26, 2018 - May 8, 2018	-7.14% May 3, 2019 - Jun 20, 2019
#11	-8.63% Sep 8, 2016 - Jan 26, 2017	-6.19% Jul 26, 2019 - Oct 21, 2019
#12	-8.09% May 21, 2013 - Jul 15, 2013	-5.71% Jun 8, 2016 - Jul 8, 2016
#13	-7.21% Jul 10, 2024 - Aug 30, 2024	-5.57% Sep 3, 2021 - Oct 25, 2021
#14	-6.77% Nov 28, 2014 - Feb 27, 2015	-5.44% Mar 28, 2024 - May 15, 2024
#15	-6.17% Jan 22, 2014 - Feb 18, 2014	-5.17% Oct 28, 2025 - Dec 11, 2025

Correlation

Correlation between ETY and SPYX is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99

-101

Dividend Comparison (2007 - 2026)

ETY vs SPYX dividend yield comparison.

Year	ETY	SPYX
2026	2.65%	0.22%
2025	7.76%	0.91%
2024	7.59%	1.05%
2023	7.92%	1.21%
2022	10.04%	1.41%
2021	7.01%	1.04%
2020	8.26%	1.33%
2019	8.08%	1.56%
2018	9.92%	1.92%
2017	8.30%	1.68%
2016	9.77%	1.91%
2015	9.03%	0.16%
2014	9.06%	0.00%
2013	9.26%	0.00%
2012	11.19%	0.00%
2011	13.06%	0.00%
2010	14.35%	0.00%
2009	14.09%	0.00%
2008	17.11%	0.00%
2007	11.13%	0.00%