ETW vs HUSV
ETW vs HUSV
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund vs First Trust Horizon Managed Volatility Domestic ETF
Quick Verdict
HUSV has a lower expense ratio. ETW delivered stronger 1-year returns. ETW offers more diversification with 259 holdings.
Side-by-Side Comparison
| Metric | ETW | HUSV | Winner |
|---|---|---|---|
| Expense Ratio | 1.10% | 0.70% | |
| AUM | $936M | $74M | |
| Dividend Yield | 7.41% | 1.37% | |
| Holdings | 291 | 101 | |
| YTD Return | +10.92% | +8.58% | |
| 1Y Return | +20.02% | +5.89% | |
| 3Y Return (annualized) | +15.89% | +9.95% | |
| 5Y Return (annualized) | +6.21% | +6.22% | |
| Volatility (annualized) | 16.9% | 13.2% | |
| Max Drawdown | -72.8% | -35.7% | |
| Fund Family | Eaton Vance | First Trust Portfolios (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 30, 2005 | Aug 24, 2016 |
ETW vs HUSV Performance
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is a ETF from Eaton Vance and First Trust Horizon Managed Volatility Domestic ETF (HUSV) is a ETF from First Trust Portfolios (US). Over the past year ETW returned +20.02% while HUSV returned +5.89%. Year to date, ETW is up 10.92% versus a gain of 8.58% for HUSV.
Over three years, ETW compounded at +15.89% per year against +9.95% for HUSV; over five years the annualized figures are +6.21% and +6.22% respectively. Across the full 10-year window we track, HUSV has the edge at +8.52% 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 13.2% for HUSV. 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 -35.7% for HUSV. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETW charges 1.10% per year while HUSV charges 0.70%. On a $10,000 position that is $110 vs $70 annually, a gap of $40 per year that compounds over a long holding period. On income, ETW currently yields 7.41% against 1.37% for HUSV.
Holdings Overlap
ETW and HUSV share 31 holdings out of 329 unique holdings combined, representing a 13.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ETW | Weight in HUSV | Difference |
|---|---|---|---|
| AAPL | 4.43% | 2.92% | 1.51% |
| MSFT | 3.30% | 2.35% | 0.95% |
| CSCO | 0.94% | 3.44% | 2.50% |
| KO | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| DTEG.N:BE | Pro | Pro | Pro |
| CMS | Pro | Pro | Pro |
| WM | Pro | Pro | Pro |
See all 10 holdings ETW shares with HUSV 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 HUSV?
ETW has an expense ratio of 1.10% while HUSV charges 0.70%. HUSV is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, ETW or HUSV?
Over the past year ETW returned +20.02% vs +5.89% for HUSV, so ETW leads on 1-year performance. Over the longest common window we track (10 years), ETW annualized -1.13% vs +8.52% for HUSV. Past performance does not guarantee future results.
Which is riskier, ETW or HUSV?
ETW has been the more volatile fund at 16.9% annualized versus 13.2% for HUSV. Worst drawdown: ETW -72.8% vs HUSV -35.7%.
Should I hold both ETW and HUSV?
ETW and HUSV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETW and HUSV?
ETW and HUSV share 31 common holdings with a 13.8% weight overlap. Combined, they hold 329 unique securities.
Which pays a higher dividend, ETW or HUSV?
ETW yields 7.41% while HUSV yields 1.37%, so ETW currently pays the higher dividend yield.
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