EOS vs SPY
EOS vs SPY
Eaton Vance Enhanced Equity Income Fund II vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EOS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.09% | |
| AUM | $850M | $789.1B | |
| Dividend Yield | 7.58% | 1.01% | |
| Holdings | 96 | 505 | |
| YTD Return | -0.14% | +13.79% | |
| 1Y Return | -0.16% | +23.66% | |
| 3Y Return (annualized) | +15.10% | +21.40% | |
| 5Y Return (annualized) | +6.65% | +13.37% | |
| Volatility (annualized) | 18.2% | 15.3% | |
| Max Drawdown | -63.6% | -56.5% | |
| Fund Family | Eaton Vance | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 26, 2005 | Jan 22, 1993 |
EOS vs SPY Performance
Eaton Vance Enhanced Equity Income Fund II (EOS) is a ETF from Eaton Vance and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EOS returned -0.16% while SPY returned +23.66%. Year to date, EOS is down 0.14% versus a gain of 13.79% for SPY.
Over three years, EOS compounded at +15.10% per year against +21.40% for SPY; over five years the annualized figures are +6.65% and +13.37% respectively. Across the full 22-year window we track, SPY has the edge at +8.85% annualized vs +2.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EOS has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOS charges 1.09% per year while SPY charges 0.09%. On a $10,000 position that is $109 vs $9 annually, a gap of $100 per year that compounds over a long holding period. On income, EOS currently yields 7.58% against 1.01% for SPY.
Holdings Overlap
EOS and SPY share 39 holdings out of 513 unique holdings combined, representing a 41.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EOS | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 14.33% | 7.31% | 7.02% |
| AAPL | 7.92% | 7.09% | 0.83% |
| MSFT | 7.08% | 4.43% | 2.65% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| TJX | Pro | Pro | Pro |
See all 10 holdings EOS shares with SPY 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 SPY?
EOS has an expense ratio of 1.09% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, EOS or SPY?
Over the past year EOS returned -0.16% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (22 years), EOS annualized +2.45% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EOS or SPY?
EOS has been the more volatile fund at 18.2% annualized versus 15.3% for SPY. Worst drawdown: EOS -63.6% vs SPY -56.5%.
Should I hold both EOS and SPY?
EOS and SPY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EOS and SPY?
EOS and SPY share 39 common holdings with a 41.8% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, EOS or SPY?
EOS yields 7.58% while SPY yields 1.01%, so EOS currently pays the higher dividend yield.
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