ETW vs FTGS
ETW vs FTGS
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund vs First Trust Growth Strength ETF
Quick Verdict
FTGS has a lower expense ratio. ETW delivered stronger 1-year returns. ETW offers more diversification with 259 holdings.
Side-by-Side Comparison
| Metric | ETW | FTGS | Winner |
|---|---|---|---|
| Expense Ratio | 1.10% | 0.60% | |
| AUM | $936M | $1.3B | |
| Dividend Yield | 7.41% | 0.09% | |
| Holdings | 291 | 51 | |
| YTD Return | +10.92% | +12.49% | |
| 1Y Return | +20.02% | +14.75% | |
| 3Y Return (annualized) | +15.89% | +18.25% | |
| 5Y Return (annualized) | +6.21% | - | |
| Volatility (annualized) | 16.9% | 14.6% | |
| Max Drawdown | -72.8% | -20.0% | |
| Fund Family | Eaton Vance | First Trust Portfolios (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 30, 2005 | Oct 25, 2022 |
ETW vs FTGS Performance
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is a ETF from Eaton Vance and First Trust Growth Strength ETF (FTGS) is a ETF from First Trust Portfolios (US). Over the past year ETW returned +20.02% while FTGS returned +14.75%. Year to date, ETW is up 10.92% versus a gain of 12.49% for FTGS.
Over three years, ETW compounded at +15.89% per year against +18.25% for FTGS. Across the full 4-year window we track, FTGS has the edge at +19.84% annualized vs -1.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETW has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 14.6% for FTGS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -72.8% for ETW and -20.0% for FTGS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETW charges 1.10% per year while FTGS charges 0.60%. On a $10,000 position that is $110 vs $60 annually, a gap of $50 per year that compounds over a long holding period. On income, ETW currently yields 7.41% against 0.09% for FTGS.
Holdings Overlap
ETW and FTGS share 13 holdings out of 296 unique holdings combined, representing a 10.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ETW | Weight in FTGS | Difference |
|---|---|---|---|
| NVDA | 4.84% | 1.97% | 2.87% |
| MSFT | 3.30% | 1.77% | 1.53% |
| AVGO | 1.93% | 1.86% | 0.07% |
| LLY | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
| PLTR | Pro | Pro | Pro |
| MA | Pro | Pro | Pro |
| MCO | Pro | Pro | Pro |
| NOW | Pro | Pro | Pro |
See all 10 holdings ETW shares with FTGS Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ETW or FTGS?
ETW has an expense ratio of 1.10% while FTGS charges 0.60%. FTGS is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, ETW or FTGS?
Over the past year ETW returned +20.02% vs +14.75% for FTGS, so ETW leads on 1-year performance. Over the longest common window we track (4 years), ETW annualized -1.13% vs +19.84% for FTGS. Past performance does not guarantee future results.
Which is riskier, ETW or FTGS?
ETW has been the more volatile fund at 16.9% annualized versus 14.6% for FTGS. Worst drawdown: ETW -72.8% vs FTGS -20.0%.
Should I hold both ETW and FTGS?
ETW and FTGS have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETW and FTGS?
ETW and FTGS share 13 common holdings with a 10.6% weight overlap. Combined, they hold 296 unique securities.
Which pays a higher dividend, ETW or FTGS?
ETW yields 7.41% while FTGS yields 0.09%, so ETW currently pays the higher dividend yield.
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