IBND vs ETB

Comparison between SPDR(R) BLOOMBERG INTERNATIONAL CORPORATE BOND ETF (IBND, ETF) and Eaton Vance Tax-Managed Buy-Write Income Fund (ETB, ETF).

5-Year PerformanceETB has outperformed IBND, delivering a return of +7.3% compared to -1.6%

IBND vs ETB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBND(ETF)	ETB(ETF)
Net Assets	$485M	$485M
Expense Ratio	0.50%	N/A
Max Drawdown	36.02%	59.40%
Sharpe Ratio	-0.18	1.23
5Y Beta	0.06	0.75
5Y Dividends CAGR	41.50%	1.20%

Net Assets

Winner

IBND

$485M

ETB

$485M

Expense Ratio

IBND

0.50%

ETB

N/A

Max Drawdown

Winner

IBND

36.02%

ETB

59.40%

Sharpe Ratio

IBND

-0.18

Winner

ETB

1.23

5Y Beta

Winner

IBND

0.06

ETB

0.75

5Y Dividends CAGR

Winner

IBND

41.50%

ETB

1.20%

IBND vs ETB - Historical Returns

Returns include dividend reinvestment.

Period	IBND	ETB
1 month	-0.49%	-0.54%
3 months	-0.73%	+1.71%
6 months	-0.73%	+4.06%
1 year	+2.11%	+18.75%
5 years(CAGR)	-1.59%	+7.29%
10 years(CAGR)	+0.59%	+8.33%
Max(CAGR)	+1.38%	+8.10%

Winner

IBND

-0.49%

ETB

-0.54%

IBND

-0.73%

Winner

ETB

+1.71%

IBND

-0.73%

Winner

ETB

+4.06%

IBND

+2.11%

Winner

ETB

+18.75%

5Y(CAGR)

IBND

-1.59%

Winner

ETB

+7.29%

10Y(CAGR)

IBND

+0.59%

Winner

ETB

+8.33%

Max(CAGR)

IBND

+1.38%

Winner

ETB

+8.10%

IBND vs ETB - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	IBND	ETB
2026	-1.24%	+3.33%
2025	+17.24%	+11.50%
2024	-1.83%	+26.79%
2023	+11.58%	+7.26%
2022	-18.66%	-17.06%
2021	-8.55%	+26.64%
2020	+11.93%	+0.51%
2019	+5.37%	+29.45%
2018	-6.18%	-12.67%
2017	+16.62%	+12.37%
2016	+0.55%	+8.92%
2015	-10.02%	+13.83%
2014	-4.11%	+16.83%
2013	+5.28%	+11.61%
2012	+11.98%	+19.91%
2011	-0.32%	-3.08%
2010	+7.55%	-4.88%
2009	N/A	+46.53%
2008	N/A	-19.08%
2007	N/A	-8.12%
2006	N/A	+26.09%
2005	N/A	-4.99%

IBND vs ETB Drawdown Comparison

The maximum drawdown for IBND was -35.62%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The maximum drawdown for ETB was -50.92%, occurring on Nov 20, 2008. Recovery took 578 trading sessions.

The current IBND drawdown is -9.88%. The current ETB drawdown is -2.31%.

Rank	IBND	ETB
#1	-35.62% Dec 30, 2020 - Sep 27, 2022	-50.92% Jun 1, 2007 - Sep 16, 2009
#2	-21.72% May 6, 2014 - Nov 25, 2020	-45.03% Feb 19, 2020 - Mar 17, 2021
#3	-11.03% May 2, 2011 - Oct 4, 2012	-25.67% Mar 24, 2010 - Jul 13, 2012
#4	-8.60% Oct 14, 2010 - Apr 8, 2011	-24.54% Sep 20, 2018 - Apr 29, 2019
#5	-6.01% Feb 1, 2013 - Sep 18, 2013	-23.45% Mar 22, 2022 - Jul 12, 2024
#6	-4.34% May 20, 2010 - Jul 6, 2010	-20.10% Jan 23, 2025 - Aug 6, 2025
#7	-3.88% Aug 6, 2010 - Sep 22, 2010	-17.38% Dec 29, 2015 - Apr 12, 2016
#8	-3.47% Oct 24, 2013 - Feb 13, 2014	-14.19% Jan 14, 2010 - Mar 10, 2010
#9	-2.62% Oct 17, 2012 - Dec 4, 2012	-13.97% Oct 15, 2012 - Jan 15, 2013
#10	-1.89% Dec 27, 2012 - Jan 10, 2013	-12.26% Aug 2, 2005 - Mar 13, 2006
#11	-1.80% Mar 18, 2014 - Apr 11, 2014	-11.06% Jul 28, 2014 - Oct 31, 2014
#12	-0.98% Jul 19, 2010 - Jul 23, 2010	-10.54% Aug 19, 2015 - Nov 23, 2015
#13	-0.97% Dec 4, 2012 - Dec 12, 2012	-9.17% Feb 25, 2026 - Apr 15, 2026
#14	-0.92% Oct 3, 2013 - Oct 17, 2013	-9.02% Jan 12, 2022 - Feb 16, 2022
#15	-0.92% Oct 4, 2012 - Oct 16, 2012	-8.93% Jan 12, 2018 - Jul 17, 2018

Correlation

Correlation between IBND and ETB is 0.11 which considered as a very weak or no correlation - the stocks move independently of each other.

0.11

-101

Dividend Comparison (2005 - 2026)

IBND vs ETB dividend yield comparison.

Year	IBND	ETB
2026	1.14%	3.47%
2025	2.49%	8.31%
2024	2.61%	8.21%
2023	2.08%	8.62%
2022	0.54%	9.63%
2021	0.38%	7.57%
2020	0.45%	8.64%
2019	0.67%	7.90%
2018	0.71%	9.64%
2017	0.34%	7.75%
2016	0.01%	7.85%
2015	0.01%	7.77%
2014	1.66%	8.15%
2013	1.24%	8.70%
2012	1.21%	9.24%
2011	2.40%	10.09%
2010	2.16%	12.49%
2009	0.00%	10.68%
2008	0.00%	14.37%
2007	0.00%	10.33%
2006	0.00%	8.53%
2005	0.00%	4.96%