Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) vs Nuveen Churchill Direct Lending (NCDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) has outperformed Nuveen Churchill Direct Lending (NCDL) over the past year, gaining 1.8% versus a loss of 20.3%. Nuveen Churchill Direct Lending is the larger company by market cap ($537.8 million vs $454.1 million), about 1.2 times the size. On valuation, Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund trades at a lower trailing P/E (5.5x vs 11.5x for Nuveen Churchill Direct Lending).
Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund pays a dividend yielding 8.24%, while Nuveen Churchill Direct Lending does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ETB | NCDL |
|---|---|---|
| Share price | $15.46 | $10.89 |
| Market cap | $454.13M | $537.83M |
| 1-day change | -0.13% | +1.87% |
| YTD return | +1.24% | -18.37% |
| 1-year return | +1.84% | -20.28% |
| 5-year return | -5.73% | — |
| P/E ratio (TTM) | 5.46 | 11.46 |
| Forward P/E | — | 7.09 |
| EPS (TTM) | $2.83 | $0.95 |
| Dividend yield | 8.24% | 13.96% |
| Annual dividend | $1.27 | $0.00 |
| 52-week high | $15.82 | $15.07 |
| 52-week low | $13.86 | $10.54 |
| Distance from 52-week high | -2.28% | -27.74% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +25.80% |
| Average volume | 48.79K | 199.96K |
| Shares outstanding | 29.37M | 49.39M |
| Sector | Finance | Financial Services |
| Industry | Investment Bankers/Brokers/Service | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ETB has outperformed NCDL by 22.1 percentage points over the past year.
- Nuveen Churchill Direct Lending trades at a higher earnings multiple (11.5x vs 5.5x trailing P/E).
- Nuveen Churchill Direct Lending offers a meaningfully higher dividend yield (13.96% vs 8.24%).
- The two companies sit in different sectors: Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund in Finance and Nuveen Churchill Direct Lending in Financial Services.
About Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund
ETB stock →Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC.
Finance · Investment Bankers/Brokers/Service
About Nuveen Churchill Direct Lending
NCDL stock →Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
Financial Services · Asset Management
ETB vs NCDL FAQ
Which is bigger, Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund or Nuveen Churchill Direct Lending?
Nuveen Churchill Direct Lending (NCDL) is larger, with a market capitalization of $537.83M compared with $454.13M for Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund (ETB).
Which stock has performed better over the past year, ETB or NCDL?
ETB returned +1.84% over the past 12 months, compared with -20.28% for NCDL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ETB or NCDL?
ETB has the lower trailing P/E at 5.5, versus 11.5 for NCDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund or Nuveen Churchill Direct Lending?
Nuveen Churchill Direct Lending has the higher yield at 13.96%, compared with 8.24% for Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund.
Are Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund and Nuveen Churchill Direct Lending in the same industry?
No. Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund is in the Finance sector, while Nuveen Churchill Direct Lending is in Financial Services.