EVLN vs VOO
EVLN vs VOO
Eaton Vance Floating-Rate 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 | EVLN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $1.4B | $979.0B | |
| Dividend Yield | 6.85% | 1.09% | |
| Holdings | 419 | 509 | |
| YTD Return | +2.45% | +13.80% | |
| 1Y Return | +4.43% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 1.9% | 14.1% | |
| Max Drawdown | -2.8% | -34.3% | |
| Fund Family | Morgan Stanley Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 6, 2024 | Sep 7, 2010 |
EVLN vs VOO Performance
Eaton Vance Floating-Rate ETF (EVLN) is a ETF from Morgan Stanley Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVLN returned +4.43% while VOO returned +23.71%. Year to date, EVLN is up 2.45% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 1.9% for EVLN. 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 -2.8% for EVLN 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVLN charges 0.60% per year while VOO charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, EVLN currently yields 6.85% against 1.09% for VOO.
Holdings Overlap
EVLN and VOO share 0 holdings out of 701 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, EVLN or VOO?
EVLN has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, EVLN or VOO?
Over the past year EVLN returned +4.43% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), EVLN annualized +6.13% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, EVLN or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 1.9% for EVLN. Worst drawdown: EVLN -2.8% vs VOO -34.3%.
Should I hold both EVLN and VOO?
EVLN and VOO have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVLN and VOO?
EVLN and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 701 unique securities.
Which pays a higher dividend, EVLN or VOO?
EVLN yields 6.85% while VOO yields 1.09%, so EVLN currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.