ETY vs VRP

Comparison between Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF) and INVESCO VARIABLE RATE PREFERRED ETF (VRP, ETF).

5-Year PerformanceETY has outperformed VRP, delivering a return of +9.4% compared to +4.4%

ETY vs VRP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETY(ETF)	VRP(ETF)
Net Assets	$2.50B	$2.60B
Expense Ratio	N/A	0.50%
Max Drawdown	64.57%	46.22%
Sharpe Ratio	0.11	1.05
5Y Beta	0.93	0.15
5Y Dividends CAGR	4.98%	8.33%

Net Assets

ETY

$2.50B

Winner

VRP

$2.60B

Expense Ratio

ETY

N/A

VRP

0.50%

Max Drawdown

ETY

64.57%

Winner

VRP

46.22%

Sharpe Ratio

ETY

0.11

Winner

VRP

1.05

5Y Beta

ETY

0.93

Winner

VRP

0.15

5Y Dividends CAGR

ETY

4.98%

Winner

VRP

8.33%

ETY vs VRP - Historical Returns

Returns include dividend reinvestment.

Period	ETY	VRP
1 month	-2.69%	+0.50%
3 months	-0.20%	+0.88%
6 months	-3.80%	+2.52%
1 year	+4.41%	+6.78%
5 years(CAGR)	+9.40%	+4.35%
10 years(CAGR)	+12.34%	+5.21%
Max(CAGR)	+8.52%	+5.09%

ETY

-2.69%

Winner

VRP

+0.50%

ETY

-0.20%

Winner

VRP

+0.88%

ETY

-3.80%

Winner

VRP

+2.52%

ETY

+4.41%

Winner

VRP

+6.78%

5Y(CAGR)

Winner

ETY

+9.40%

VRP

+4.35%

10Y(CAGR)

Winner

ETY

+12.34%

VRP

+5.21%

Max(CAGR)

Winner

ETY

+8.52%

VRP

+5.09%

ETY vs VRP - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	ETY	VRP
2026	-1.99%	+1.81%
2025	+11.01%	+7.07%
2024	+35.10%	+11.29%
2023	+21.52%	+10.49%
2022	-20.72%	-9.00%
2021	+34.82%	+4.93%
2020	+6.29%	+4.79%
2019	+31.23%	+18.32%
2018	-10.18%	-6.37%
2017	+29.36%	+8.94%
2016	+4.62%	+6.93%
2015	+9.12%	+2.65%
2014	+12.87%	+1.81%
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 VRP Drawdown Comparison

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

The maximum drawdown for VRP was -46.04%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.

The current ETY drawdown is -4.52%. The current VRP drawdown is -0.21%.

Rank	ETY	VRP
#1	-52.91% Jun 1, 2007 - Jan 18, 2013	-46.04% Feb 12, 2020 - Nov 16, 2020
#2	-42.40% Feb 12, 2020 - Nov 17, 2020	-13.76% Sep 22, 2021 - Jan 10, 2024
#3	-24.43% Sep 13, 2018 - Jun 20, 2019	-9.04% Aug 31, 2018 - Mar 1, 2019
#4	-24.03% Dec 31, 2021 - Feb 5, 2024	-7.54% Apr 24, 2015 - Apr 22, 2016
#5	-21.28% Feb 19, 2025 - Jun 25, 2025	-5.38% Sep 6, 2016 - Feb 7, 2017
#6	-14.39% Sep 22, 2025 - Mar 30, 2026	-4.26% Feb 28, 2025 - May 16, 2025
#7	-13.90% Nov 3, 2015 - Aug 5, 2016	-2.89% Feb 24, 2026 - Apr 20, 2026
#8	-12.52% Sep 3, 2014 - Nov 5, 2014	-2.43% Oct 23, 2017 - Aug 31, 2018
#9	-11.93% Jul 20, 2015 - Nov 3, 2015	-1.88% Jul 18, 2024 - Aug 15, 2024
#10	-8.97% Jan 26, 2018 - May 8, 2018	-1.72% Mar 22, 2024 - May 2, 2024
#11	-8.63% Sep 8, 2016 - Jan 26, 2017	-1.71% Aug 29, 2014 - Jan 26, 2015
#12	-8.09% May 21, 2013 - Jul 15, 2013	-1.67% Feb 9, 2021 - Mar 31, 2021
#13	-7.21% Jul 10, 2024 - Aug 30, 2024	-1.55% Jan 3, 2025 - Feb 5, 2025
#14	-6.77% Nov 28, 2014 - Feb 27, 2015	-1.41% Feb 27, 2017 - Mar 30, 2017
#15	-6.17% Jan 22, 2014 - Feb 18, 2014	-1.41% Aug 3, 2017 - Oct 23, 2017

Correlation

Correlation between ETY and VRP is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2007 - 2026)

ETY vs VRP dividend yield comparison.

Year	ETY	VRP
2026	3.43%	2.00%
2025	7.76%	6.53%
2024	7.59%	5.78%
2023	7.92%	6.61%
2022	10.04%	5.38%
2021	7.01%	4.25%
2020	8.26%	4.17%
2019	8.08%	4.71%
2018	9.92%	5.28%
2017	8.30%	4.69%
2016	9.77%	5.10%
2015	9.03%	5.02%
2014	9.06%	3.04%
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%