EOI vs SCHD
EOI vs SCHD
Eaton Vance Enhanced Equity Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | EOI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.10% | 0.06% | |
| AUM | $613M | $103.7B | |
| Dividend Yield | 7.61% | 3.31% | |
| Holdings | 95 | 104 | |
| YTD Return | +2.95% | +24.26% | |
| 1Y Return | +3.63% | +31.38% | |
| 3Y Return (annualized) | +15.33% | +15.08% | |
| 5Y Return (annualized) | +9.59% | +9.72% | |
| Volatility (annualized) | 16.9% | 13.6% | |
| Max Drawdown | -61.7% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 26, 2004 | Oct 20, 2011 |
EOI vs SCHD Performance
Eaton Vance Enhanced Equity Income Fund (EOI) is a ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EOI returned +3.63% while SCHD returned +31.38%. Year to date, EOI is up 2.95% versus a gain of 24.26% for SCHD.
Over three years, EOI compounded at +15.33% per year against +15.08% for SCHD; over five years the annualized figures are +9.59% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +1.99%. 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 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOI charges 1.10% per year while SCHD charges 0.06%. On a $10,000 position that is $110 vs $6 annually, a gap of $104 per year that compounds over a long holding period. On income, EOI currently yields 7.61% against 3.31% for SCHD.
Holdings Overlap
EOI and SCHD share 3 holdings out of 147 unique holdings combined, representing a 5.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EOI or SCHD?
EOI has an expense ratio of 1.10% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $104 per year of difference.
Which performed better, EOI or SCHD?
Over the past year EOI returned +3.63% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EOI annualized +1.99% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EOI or SCHD?
EOI has been the more volatile fund at 16.9% annualized versus 13.6% for SCHD. Worst drawdown: EOI -61.7% vs SCHD -33.4%.
Should I hold both EOI and SCHD?
EOI and SCHD have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EOI and SCHD?
EOI and SCHD share 3 common holdings with a 5.6% weight overlap. Combined, they hold 147 unique securities.
Which pays a higher dividend, EOI or SCHD?
EOI yields 7.61% while SCHD yields 3.31%, so EOI currently pays the higher dividend yield.
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