ETY vs VTEC
Comparison between Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
ETY vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ETY
$2.50B
Winner
VTEC
$2.60B
Expense Ratio
ETY
N/A
VTEC
0.06%
Max Drawdown
ETY
64.57%
Winner
VTEC
5.70%
Sharpe Ratio
ETY
0.04
Winner
VTEC
0.90
5Y Beta
ETY
0.93
Winner
VTEC
0.04
5Y Dividends CAGR
ETY
4.98%
VTEC
N/A
ETY vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
ETY
-0.69%
Winner
VTEC
+1.34%
3M
Winner
ETY
+3.20%
VTEC
+0.54%
6M
ETY
+0.71%
Winner
VTEC
+1.41%
1Y
ETY
+4.07%
Winner
VTEC
+6.24%
5Y(CAGR)
ETY
+9.13%
VTEC
N/A
10Y(CAGR)
ETY
+12.58%
VTEC
N/A
Max(CAGR)
Winner
ETY
+8.52%
VTEC
+2.70%
ETY vs VTEC - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | ETY | VTEC |
|---|---|---|
| 2026 | -1.73% | +0.99% |
| 2025 | +11.01% | +3.86% |
| 2024 | +35.10% | +1.42% |
| 2023 | +21.52% | N/A |
| 2022 | -20.72% | N/A |
| 2021 | +34.82% | N/A |
| 2020 | +6.29% | N/A |
| 2019 | +31.23% | N/A |
| 2018 | -10.18% | N/A |
| 2017 | +29.36% | N/A |
| 2016 | +4.62% | N/A |
| 2015 | +9.12% | N/A |
| 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 VTEC Drawdown Comparison
The maximum drawdown for ETY was -52.91%, occurring on Nov 20, 2008. Recovery took 1419 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current ETY drawdown is -4.26%. The current VTEC drawdown is -0.77%.
| Rank | ETY | VTEC |
|---|---|---|
| #1 | -52.91% Jun 1, 2007 - Jan 18, 2013 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -42.40% Feb 12, 2020 - Nov 17, 2020 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -24.43% Sep 13, 2018 - Jun 20, 2019 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -24.03% Dec 31, 2021 - Feb 5, 2024 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -21.28% Feb 19, 2025 - Jun 25, 2025 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -14.39% Sep 22, 2025 - Mar 30, 2026 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -13.90% Nov 3, 2015 - Aug 5, 2016 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -12.52% Sep 3, 2014 - Nov 5, 2014 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -11.93% Jul 20, 2015 - Nov 3, 2015 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -8.97% Jan 26, 2018 - May 8, 2018 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -8.63% Sep 8, 2016 - Jan 26, 2017 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -8.09% May 21, 2013 - Jul 15, 2013 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -7.21% Jul 10, 2024 - Aug 30, 2024 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -6.77% Nov 28, 2014 - Feb 27, 2015 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -6.17% Jan 22, 2014 - Feb 18, 2014 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between ETY and VTEC is 0.72 which considered as a strong positive correlation - the stocks tend to move together.
0.72
-101
Dividend Comparison (2007 - 2026)
ETY vs VTEC dividend yield comparison.
| Year | ETY | VTEC |
|---|---|---|
| 2026 | 4.13% | 1.28% |
| 2025 | 7.76% | 3.13% |
| 2024 | 7.59% | 2.54% |
| 2023 | 7.92% | 0.00% |
| 2022 | 10.04% | 0.00% |
| 2021 | 7.01% | 0.00% |
| 2020 | 8.26% | 0.00% |
| 2019 | 8.08% | 0.00% |
| 2018 | 9.92% | 0.00% |
| 2017 | 8.30% | 0.00% |
| 2016 | 9.77% | 0.00% |
| 2015 | 9.03% | 0.00% |
| 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% |
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