Does Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund have an economic moat?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a Quality factor score of 31/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

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ETW

HOLDREMOVE

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund · Financial Services · United States · $1.0B · Avg Vol: $2M/d

StockRank

P/E (TTM)

5.5x

ROE

17.6%

D/E

—

Dividend %

8.5%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

This is a closed-end fund rather than an individual operating business. It does not offer the asymmetric, high-conviction equity upside we seek under the Druckenmiller or Lynch lenses.

COMPANY DESCRIPTION

ETW is a closed-end fund that invests in a globally diversified portfolio of common stocks while writing call options on multiple global indices. The fund employs a tax-managed strategy designed to generate cash flow and mitigate downside risk in international equity markets. It represents a specialized vehicle for investors seeking global equity exposure with an integrated income-generating option overlay.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	2025	CAGR
Revenue	—	-184M	151M	112M	187M	11.5%
EPS	1.50	-1.71	1.37	1.01	—	-12.4%
Shares	—	110M	110M	109M	109M	-0.9%
Debt	—	7M	15M	5M	8M	5.6%
Equity	—	919M	992M	1.0B	1.1B	6.5%
Op CF	—	—	—	—	—	—
Inv CF	—	—	—	—	—	—
Fin CF	—	—	—	—	—	—

PRICE (1M)+0.7%

SMA 50SMA 200

$9.45

RSI (14)

47.6

52W High

$9.51

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC (ROA)

0.5%*23.1

ROE

17.6%79.8

GP/Assets

1.8%18.5

Op. Margin

16.8%33.3

FCF/Assets

—N/A

Piotroski

—20.6

Int. Cover

—N/A

D/E Ratio

—N/A

Current Ratio

0.49x14.0

Value

P/E (TTM)

5.5x90.3

EV/EBITDA

—N/A

P/FCF

—N/A

P/B

0.9x63.1

P/S

50.8x2.5

Div Yield

8.5%90.9

Momentum

52W High %

99%93.4

RS 6M

-2%60.0

SMA 50/200

1.05x57.2

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—N/A

Q Growth

196%91.5

FUNDAMENTALS

Market Cap

$1.0B

P/E (Forward)

—

Gross Margin

100.0%

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of ETW are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
ETW	Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund(you)	$1.0B	60	HOLD
OCSL	Oaktree Specialty Lending Corporation	$1.0B	57	HOLD
PSEC	Prospect Capital Corporation	$1.2B	62	HOLD
GSBD	Goldman Sachs BDC, Inc.	$1.0B	65	BUY
RTW.L	RTW Biotech Opportunities Ltd	$946M	55	HOLD
GGN	GAMCO Global Gold, Natural Resources & Income Trust	$803M	61	HOLD
FFC	Flaherty & Crumrine Preferred Securities Income Fund Inc.	$774M	62	HOLD
CET	Central Securities Corporation	$1.6B	59	HOLD
MFIC	MidCap Financial Investment Corporation	$893M	53	HOLD
PFLT	PennantPark Floating Rate Capital Ltd.	$816M	65	BUY

Peer medians: ROE 10.8% · P/E 13.6x · Gross margin 0.0%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) — Stock Score Summary

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a MoatMap StockRank of 60/100 based on Quality (31/100), Value (51/100), and Momentum (66/100) factor scores. The current signal is HOLD. This is a closed-end fund rather than an individual operating business. It does not offer the asymmetric, high-conviction equity upside we seek under the Druckenmiller or Lynch lenses.

Key Financial Metrics

Price	$9.45
Market Cap	$1.0B
P/E (TTM)	5.45
Price/Book	0.92
Return on Equity	17.6%
Gross Margin	100.0%
Operating Margin	16.8%
Revenue Growth	4.6%
Dividend Yield	8.5%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund operates in the Asset Management industry, part of the Financial Services sector (United States).

Frequently Asked Questions

What is Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund’s (ETW) StockRank?: MoatMap’s StockRank for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is 60/100, with a Hold signal. It is a composite of Quality (31), Value (51), and Momentum (66) factor ranks across MoatMap’s 20,000+ stock universe.
Does Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund have an economic moat?: Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a Quality factor score of 31/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund a buy, hold, or sell?: MoatMap’s current signal for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is Hold, based on a StockRank of 60/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in?: Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) operates in the Financial Services sector, specifically the Asset Management industry (United States).