ETY vs VOO
ETY vs VOO
Eaton Vance Tax-Managed Diversified Equity Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ETY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.03% | |
| AUM | $1.8B | $979.0B | |
| Dividend Yield | 7.63% | 1.09% | |
| Holdings | 61 | 509 | |
| YTD Return | +0.51% | +13.80% | |
| 1Y Return | +0.72% | +23.71% | |
| 3Y Return (annualized) | +14.66% | +21.50% | |
| 5Y Return (annualized) | +8.80% | +13.44% | |
| Volatility (annualized) | 17.2% | 14.1% | |
| Max Drawdown | -64.6% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 27, 2006 | Sep 7, 2010 |
ETY vs VOO Performance
Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ETY returned +0.72% while VOO returned +23.71%. Year to date, ETY is up 0.51% versus a gain of 13.80% for VOO.
Over three years, ETY compounded at +14.66% per year against +21.50% for VOO; over five years the annualized figures are +8.80% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs +0.66%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETY has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 14.1% for VOO. 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 -64.6% for ETY and -34.3% for VOO. 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ETY charges 1.06% per year while VOO charges 0.03%. On a $10,000 position that is $106 vs $3 annually, a gap of $103 per year that compounds over a long holding period. On income, ETY currently yields 7.63% against 1.09% for VOO.
Holdings Overlap
ETY and VOO share 38 holdings out of 516 unique holdings combined, representing a 40.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ETY | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 8.94% | 7.51% | 1.43% |
| AAPL | 6.58% | 6.59% | 0.01% |
| MSFT | 5.99% | 4.30% | 1.69% |
| GOOG | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
See all 10 holdings ETY shares with VOO 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, ETY or VOO?
ETY has an expense ratio of 1.06% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $103 per year of difference.
Which performed better, ETY or VOO?
Over the past year ETY returned +0.72% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), ETY annualized +0.66% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, ETY or VOO?
ETY has been the more volatile fund at 17.2% annualized versus 14.1% for VOO. Worst drawdown: ETY -64.6% vs VOO -34.3%.
Should I hold both ETY and VOO?
ETY and VOO have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between ETY and VOO?
ETY and VOO share 38 common holdings with a 40.3% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, ETY or VOO?
ETY yields 7.63% while VOO yields 1.09%, so ETY currently pays the higher dividend yield.
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