ETY vs VXUS
ETY vs VXUS
Eaton Vance Tax-Managed Diversified Equity Income Fund vs Vanguard Total International Stock ETF
Quick Verdict
VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 7861 holdings.
Side-by-Side Comparison
| Metric | ETY | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.05% | |
| AUM | $1.8B | $156.5B | |
| Dividend Yield | 7.63% | 2.60% | |
| Holdings | 61 | 8,747 | |
| YTD Return | +0.51% | +14.57% | |
| 1Y Return | +0.72% | +27.82% | |
| 3Y Return (annualized) | +14.66% | +19.27% | |
| 5Y Return (annualized) | +8.80% | +9.28% | |
| Volatility (annualized) | 17.2% | 15.1% | |
| Max Drawdown | -64.6% | -39.9% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 27, 2006 | Jan 26, 2011 |
ETY vs VXUS Performance
Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) is a ETF from Eaton Vance and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year ETY returned +0.72% while VXUS returned +27.82%. Year to date, ETY is up 0.51% versus a gain of 14.57% for VXUS.
Over three years, ETY compounded at +14.66% per year against +19.27% for VXUS; over five years the annualized figures are +8.80% and +9.28% respectively. Across the full 16-year window we track, VXUS has the edge at +4.86% 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 15.1% for VXUS. 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 -39.9% for VXUS. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETY charges 1.06% per year while VXUS charges 0.05%. On a $10,000 position that is $106 vs $5 annually, a gap of $101 per year that compounds over a long holding period. On income, ETY currently yields 7.63% against 2.60% for VXUS.
Holdings Overlap
ETY and VXUS share 4 holdings out of 7906 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ETY | Weight in VXUS | Difference |
|---|---|---|---|
| ENR1N:MU | 1.54% | 0.32% | 1.22% |
| WCN:CA | 1.09% | 0.10% | 0.99% |
| FSV:CA | 0.74% | 0.01% | 0.73% |
| ARGX | Pro | Pro | Pro |
See all 4 holdings ETY shares with VXUS 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 VXUS?
ETY has an expense ratio of 1.06% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, ETY or VXUS?
Over the past year ETY returned +0.72% vs +27.82% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), ETY annualized +0.66% vs +4.86% for VXUS. Past performance does not guarantee future results.
Which is riskier, ETY or VXUS?
ETY has been the more volatile fund at 17.2% annualized versus 15.1% for VXUS. Worst drawdown: ETY -64.6% vs VXUS -39.9%.
Should I hold both ETY and VXUS?
ETY and VXUS have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETY and VXUS?
ETY and VXUS share 4 common holdings with a 0.5% weight overlap. Combined, they hold 7906 unique securities.
Which pays a higher dividend, ETY or VXUS?
ETY yields 7.63% while VXUS yields 2.60%, so ETY currently pays the higher dividend yield.
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