EVTR vs SPY
EVTR vs SPY
Eaton Vance Total Return Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EVTR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.32% | 0.09% | |
| AUM | $5.7B | $789.1B | |
| Dividend Yield | 4.64% | 1.01% | |
| Holdings | 666 | 505 | |
| YTD Return | -0.75% | +9.93% | |
| 1Y Return | +2.74% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 4.5% | 15.3% | |
| Max Drawdown | -4.1% | -56.5% | |
| Fund Family | Eaton Vance | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 25, 2024 | Jan 22, 1993 |
EVTR vs SPY Performance
Eaton Vance Total Return Bond ETF (EVTR) is a ETF from Eaton Vance and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EVTR returned +2.74% while SPY returned +19.50%. Year to date, EVTR is down 0.75% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.5% 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 SPY. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVTR charges 0.32% per year while SPY charges 0.09%. On a $10,000 position that is $32 vs $9 annually, a gap of $23 per year that compounds over a long holding period. On income, EVTR currently yields 4.64% against 1.01% for SPY.
Holdings Overlap
EVTR and SPY share 0 holdings out of 743 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 SPY?
EVTR has an expense ratio of 0.32% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, EVTR or SPY?
Over the past year EVTR returned +2.74% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), EVTR annualized +4.77% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, EVTR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.5% for EVTR. Worst drawdown: EVTR -4.1% vs SPY -56.5%.
Should I hold both EVTR and SPY?
EVTR and SPY have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVTR and SPY?
EVTR and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 743 unique securities.
Which pays a higher dividend, EVTR or SPY?
EVTR yields 4.64% while SPY yields 1.01%, so EVTR currently pays the higher dividend yield.
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