EVHY vs VOO
EVHY vs VOO
Eaton Vance High Yield ETF 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 | EVHY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.03% | |
| AUM | $23M | $979.0B | |
| Dividend Yield | 7.12% | 1.09% | |
| Holdings | 294 | 509 | |
| YTD Return | +1.64% | +9.95% | |
| 1Y Return | +5.47% | +19.58% | |
| 3Y Return (annualized) | - | +19.43% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 3.9% | 14.2% | |
| Max Drawdown | -3.7% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2023 | Sep 7, 2010 |
EVHY vs VOO Performance
Eaton Vance High Yield ETF (EVHY) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVHY returned +5.47% while VOO returned +19.58%. Year to date, EVHY is up 1.64% versus a gain of 9.95% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 3.9% for EVHY. 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 -3.7% for EVHY 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVHY charges 0.48% per year while VOO charges 0.03%. On a $10,000 position that is $48 vs $3 annually, a gap of $45 per year that compounds over a long holding period. On income, EVHY currently yields 7.12% against 1.09% for VOO.
Holdings Overlap
EVHY and VOO share 0 holdings out of 730 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVHY or VOO?
EVHY has an expense ratio of 0.48% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, EVHY or VOO?
Over the past year EVHY returned +5.47% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), EVHY annualized +9.22% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, EVHY or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 3.9% for EVHY. Worst drawdown: EVHY -3.7% vs VOO -34.3%.
Should I hold both EVHY and VOO?
EVHY and VOO have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVHY and VOO?
EVHY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 730 unique securities.
Which pays a higher dividend, EVHY or VOO?
EVHY yields 7.12% while VOO yields 1.09%, so EVHY currently pays the higher dividend yield.
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