EVTR vs IVV
EVTR vs IVV
Eaton Vance Total Return Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EVTR | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.32% | 0.03% | |
| AUM | $5.7B | $865.2B | |
| Dividend Yield | 4.64% | 1.09% | |
| Holdings | 666 | 508 | |
| YTD Return | -0.03% | +13.52% | |
| 1Y Return | +2.60% | +23.63% | |
| 3Y Return (annualized) | - | +21.26% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 4.4% | 15.1% | |
| Max Drawdown | -4.1% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 25, 2024 | May 15, 2000 |
EVTR vs IVV Performance
Eaton Vance Total Return Bond ETF (EVTR) is a ETF from Eaton Vance and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EVTR returned +2.60% while IVV returned +23.63%. Year to date, EVTR is down 0.03% versus a gain of 13.52% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.4% for EVTR. 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 -4.1% for EVTR and -56.5% for IVV. 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVTR charges 0.32% per year while IVV charges 0.03%. On a $10,000 position that is $32 vs $3 annually, a gap of $29 per year that compounds over a long holding period. On income, EVTR currently yields 4.64% against 1.09% for IVV.
Holdings Overlap
EVTR and IVV share 0 holdings out of 745 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, EVTR or IVV?
EVTR has an expense ratio of 0.32% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, EVTR or IVV?
Over the past year EVTR returned +2.60% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), EVTR annualized +5.06% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EVTR or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.4% for EVTR. Worst drawdown: EVTR -4.1% vs IVV -56.5%.
Should I hold both EVTR and IVV?
EVTR and IVV have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVTR and IVV?
EVTR and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 745 unique securities.
Which pays a higher dividend, EVTR or IVV?
EVTR yields 4.64% while IVV yields 1.09%, so EVTR currently pays the higher dividend yield.
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