EOS vs QQQ
EOS vs QQQ
Eaton Vance Enhanced Equity Income Fund II vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EOS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.18% | |
| AUM | $850M | $455.8B | |
| Dividend Yield | 7.58% | 0.41% | |
| Holdings | 96 | 108 | |
| YTD Return | -1.00% | +16.83% | |
| 1Y Return | -1.31% | +26.58% | |
| 3Y Return (annualized) | +15.13% | +24.70% | |
| 5Y Return (annualized) | +6.52% | +14.88% | |
| Volatility (annualized) | 18.2% | 30.6% | |
| Max Drawdown | -63.6% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 26, 2005 | Mar 10, 1999 |
EOS vs QQQ Performance
Eaton Vance Enhanced Equity Income Fund II (EOS) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EOS returned -1.31% while QQQ returned +26.58%. Year to date, EOS is down 1.00% versus a gain of 16.83% for QQQ.
Over three years, EOS compounded at +15.13% per year against +24.70% for QQQ; over five years the annualized figures are +6.52% and +14.88% respectively. Across the full 22-year window we track, QQQ has the edge at +13.06% annualized vs +2.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.2% for EOS. 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 -63.6% for EOS and -83.0% for QQQ. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOS charges 1.09% per year while QQQ charges 0.18%. On a $10,000 position that is $109 vs $18 annually, a gap of $91 per year that compounds over a long holding period. On income, EOS currently yields 7.58% against 0.41% for QQQ.
Holdings Overlap
EOS and QQQ share 18 holdings out of 134 unique holdings combined, representing a 43.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EOS | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 14.33% | 7.88% | 6.45% |
| AAPL | 7.92% | 7.46% | 0.46% |
| MSFT | 7.08% | 4.65% | 2.43% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
See all 10 holdings EOS shares with QQQ 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, EOS or QQQ?
EOS has an expense ratio of 1.09% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, EOS or QQQ?
Over the past year EOS returned -1.31% vs +26.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (22 years), EOS annualized +2.41% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, EOS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.2% for EOS. Worst drawdown: EOS -63.6% vs QQQ -83.0%.
Should I hold both EOS and QQQ?
EOS and QQQ have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EOS and QQQ?
EOS and QQQ share 18 common holdings with a 43.4% weight overlap. Combined, they hold 134 unique securities.
Which pays a higher dividend, EOS or QQQ?
EOS yields 7.58% while QQQ yields 0.41%, so EOS currently pays the higher dividend yield.
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