TBLL vs ETY

Comparison between INVESCO SHORT TERM TREASURY ETF (TBLL, ETF) and Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF).

5-Year PerformanceETY has outperformed TBLL, delivering a return of +9.2% compared to +3.4%

TBLL vs ETY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TBLL(ETF)	ETY(ETF)
Net Assets	$2.50B	$2.50B
Expense Ratio	0.08%	N/A
Max Drawdown	1.30%	64.57%
Sharpe Ratio	0.30	0.06
5Y Beta	-0.00	0.93
5Y Dividends CAGR	79.72%	4.98%

Net Assets

TBLL

$2.50B

ETY

$2.50B

Expense Ratio

TBLL

0.08%

ETY

N/A

Max Drawdown

Winner

TBLL

1.30%

ETY

64.57%

Sharpe Ratio

Winner

TBLL

0.30

ETY

0.06

5Y Beta

Winner

TBLL

-0.00

ETY

0.93

5Y Dividends CAGR

Winner

TBLL

79.72%

ETY

4.98%

TBLL vs ETY - Historical Returns

Returns include dividend reinvestment.

Period	TBLL	ETY
1 month	+0.26%	-2.38%
3 months	+0.87%	+6.67%
6 months	+1.68%	-2.41%
1 year	+3.86%	+3.35%
5 years(CAGR)	+3.39%	+9.19%
10 years(CAGR)	+2.38%	+12.45%
Max(CAGR)	+2.38%	+8.48%

Winner

TBLL

+0.26%

ETY

-2.38%

TBLL

+0.87%

Winner

ETY

+6.67%

Winner

TBLL

+1.68%

ETY

-2.41%

Winner

TBLL

+3.86%

ETY

+3.35%

5Y(CAGR)

TBLL

+3.39%

Winner

ETY

+9.19%

10Y(CAGR)

TBLL

+2.38%

Winner

ETY

+12.45%

Max(CAGR)

TBLL

+2.38%

Winner

ETY

+8.48%

TBLL vs ETY - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	TBLL	ETY
2026	+1.56%	-2.41%
2025	+4.21%	+11.01%
2024	+5.11%	+35.10%
2023	+4.98%	+21.52%
2022	+1.12%	-20.72%
2021	-0.02%	+34.82%
2020	+0.87%	+6.29%
2019	+2.16%	+31.23%
2018	+1.83%	-10.18%
2017	+0.62%	+29.36%
2016	N/A	+4.62%
2015	N/A	+9.12%
2014	N/A	+12.87%
2013	N/A	+25.11%
2012	N/A	+16.30%
2011	N/A	-13.08%
2010	N/A	-2.81%
2009	N/A	+36.46%
2008	N/A	-25.83%
2007	N/A	-8.21%
2006	N/A	+0.25%

TBLL vs ETY Drawdown Comparison

The maximum drawdown for TBLL was -0.63%, occurring on Feb 14, 2022. Recovery took 631 trading sessions.

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

The current ETY drawdown is -4.93%.

Rank	TBLL	ETY
#1	-0.63% May 11, 2020 - Nov 9, 2022	-52.91% Jun 1, 2007 - Jan 18, 2013
#2	-0.52% Mar 18, 2020 - May 11, 2020	-42.40% Feb 12, 2020 - Nov 17, 2020
#3	-0.36% Sep 28, 2023 - Oct 20, 2023	-24.43% Sep 13, 2018 - Jun 20, 2019
#4	-0.18% Dec 19, 2023 - Dec 21, 2023	-24.03% Dec 31, 2021 - Feb 5, 2024
#5	-0.17% Apr 1, 2019 - Apr 4, 2019	-21.28% Feb 19, 2025 - Jun 25, 2025
#6	-0.16% Sep 24, 2018 - Oct 22, 2018	-14.39% Sep 22, 2025 - Mar 30, 2026
#7	-0.15% Dec 19, 2019 - Jan 23, 2020	-13.90% Nov 3, 2015 - Aug 5, 2016
#8	-0.14% Mar 13, 2020 - Mar 18, 2020	-12.52% Sep 3, 2014 - Nov 5, 2014
#9	-0.11% Dec 4, 2018 - Dec 7, 2018	-11.93% Jul 20, 2015 - Nov 3, 2015
#10	-0.10% Nov 10, 2022 - Nov 14, 2022	-8.97% Jan 26, 2018 - May 8, 2018
#11	-0.10% Nov 13, 2017 - Nov 28, 2017	-8.63% Sep 8, 2016 - Jan 26, 2017
#12	-0.10% Aug 17, 2018 - Aug 22, 2018	-8.09% May 21, 2013 - Jul 15, 2013
#13	-0.09% Nov 6, 2023 - Nov 9, 2023	-7.21% Jul 10, 2024 - Aug 30, 2024
#14	-0.08% Dec 15, 2023 - Dec 19, 2023	-6.77% Nov 28, 2014 - Feb 27, 2015
#15	-0.08% Jul 11, 2024 - Jul 15, 2024	-6.17% Jan 22, 2014 - Feb 18, 2014

Correlation

Correlation between TBLL and ETY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2007 - 2026)

TBLL vs ETY dividend yield comparison.

Year	TBLL	ETY
2026	1.75%	4.16%
2025	4.08%	7.76%
2024	4.99%	7.59%
2023	4.63%	7.92%
2022	1.37%	10.04%
2021	0.03%	7.01%
2020	0.80%	8.26%
2019	2.08%	8.08%
2018	1.69%	9.92%
2017	0.71%	8.30%
2016	0.00%	9.77%
2015	0.00%	9.03%
2014	0.00%	9.06%
2013	0.00%	9.26%
2012	0.00%	11.19%
2011	0.00%	13.06%
2010	0.00%	14.35%
2009	0.00%	14.09%
2008	0.00%	17.11%
2007	0.00%	11.13%