Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) vs Western Asset High Income Opportunity Fund (HIO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
On valuation, Eaton Vance Tax-Managed Diversified Equity Income Fund trades at a lower trailing P/E (5.1x vs 13.5x for Western Asset High Income Opportunity Fund). Western Asset High Income Opportunity Fund offers the higher dividend yield (13.15% vs 8.37%).
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 | ETY | HIO |
|---|---|---|
| Share price | $14.21 | $3.24 |
| 1-day change | -0.07% | -0.61% |
| P/E ratio (TTM) | 5.11 | 13.50 |
| EPS (TTM) | $2.78 | $0.24 |
| Dividend yield | 8.37% | 13.15% |
| Annual dividend | $1.19 | $0.426 |
| 52-week high | $15.90 | $3.89 |
| 52-week low | $13.12 | $3.24 |
| Distance from 52-week high | -10.63% | -16.71% |
| Analyst consensus | buy | — |
| Average volume | 302.42K | 449.40K |
| Sector | Finance | Finance |
| Industry | Finance Companies | Finance/Investors Services |
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
- Western Asset High Income Opportunity Fund trades at a higher earnings multiple (13.5x vs 5.1x trailing P/E).
- Western Asset High Income Opportunity Fund offers a meaningfully higher dividend yield (13.15% vs 8.37%).
About Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY stock →Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe.
Finance · Finance Companies
About Western Asset High Income Opportunity Fund
HIO stock →Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Finance · Finance/Investors Services
ETY vs HIO FAQ
Which has the lower P/E ratio, ETY or HIO?
ETY has the lower trailing P/E at 5.1, versus 13.5 for HIO. 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 Diversified Equity Income Fund or Western Asset High Income Opportunity Fund?
Western Asset High Income Opportunity Fund has the higher yield at 13.15%, compared with 8.37% for Eaton Vance Tax-Managed Diversified Equity Income Fund.
Are Eaton Vance Tax-Managed Diversified Equity Income Fund and Western Asset High Income Opportunity Fund in the same industry?
Both are in the Finance sector, but in different industries: Finance Companies for Eaton Vance Tax-Managed Diversified Equity Income Fund and Finance/Investors Services for Western Asset High Income Opportunity Fund.