EOI vs IVV
EOI vs IVV
Eaton Vance Enhanced Equity Income Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EOI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.10% | 0.03% | |
| AUM | $613M | $865.2B | |
| Dividend Yield | 7.61% | 1.09% | |
| Holdings | 95 | 508 | |
| YTD Return | +2.29% | +13.31% | |
| 1Y Return | +3.90% | +24.00% | |
| 3Y Return (annualized) | +15.49% | +21.16% | |
| 5Y Return (annualized) | +9.64% | +13.34% | |
| Volatility (annualized) | 16.9% | 15.1% | |
| Max Drawdown | -61.7% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 26, 2004 | May 15, 2000 |
EOI vs IVV Performance
Eaton Vance Enhanced Equity Income Fund (EOI) is a ETF from Eaton Vance and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EOI returned +3.90% while IVV returned +24.00%. Year to date, EOI is up 2.29% versus a gain of 13.31% for IVV.
Over three years, EOI compounded at +15.49% per year against +21.16% for IVV; over five years the annualized figures are +9.64% and +13.34% respectively. Across the full 22-year window we track, IVV has the edge at +7.03% annualized vs +1.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EOI has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 15.1% for IVV. 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 -61.7% for EOI and -56.5% for IVV. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOI charges 1.10% per year while IVV charges 0.03%. On a $10,000 position that is $110 vs $3 annually, a gap of $107 per year that compounds over a long holding period. On income, EOI currently yields 7.61% against 1.09% for IVV.
Holdings Overlap
EOI and IVV share 36 holdings out of 519 unique holdings combined, representing a 40.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EOI | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 9.07% | 7.76% | 1.31% |
| AAPL | 6.63% | 7.44% | 0.81% |
| MSFT | 6.04% | 4.57% | 1.47% |
| GOOG | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
See all 10 holdings EOI shares with IVV 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, EOI or IVV?
EOI has an expense ratio of 1.10% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $107 per year of difference.
Which performed better, EOI or IVV?
Over the past year EOI returned +3.90% vs +24.00% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (22 years), EOI annualized +1.96% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, EOI or IVV?
EOI has been the more volatile fund at 16.9% annualized versus 15.1% for IVV. Worst drawdown: EOI -61.7% vs IVV -56.5%.
Should I hold both EOI and IVV?
EOI and IVV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EOI and IVV?
EOI and IVV share 36 common holdings with a 40.2% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, EOI or IVV?
EOI yields 7.61% while IVV yields 1.09%, so EOI currently pays the higher dividend yield.
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