EFT vs VOO
Eaton Vance Floating Rate Income Trust 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 509 holdings.
Side-by-Side Comparison
| Metric | EFT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 5.35% | 0.03% | |
| AUM | $380M | $997.4B | |
| Dividend Yield | 7.92% | 1.08% | |
| Holdings | 501 | 509 | |
| YTD Return | +1.70% | +14.27% | |
| 1Y Return | -1.99% | +21.79% | |
| 3Y Return (annualized) | +6.05% | +22.19% | |
| 5Y Return (annualized) | +3.12% | +13.28% | |
| Volatility (annualized) | 14.1% | 14.2% | |
| Max Drawdown | -66.4% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2004 | Sep 7, 2010 |
EFT vs VOO Performance
Eaton Vance Floating Rate Income Trust (EFT) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EFT returned -1.99% while VOO returned +21.79%. Year to date, EFT is up 1.70% versus a gain of 14.27% for VOO.
Over three years, EFT compounded at +6.05% per year against +22.19% for VOO; over five years the annualized figures are +3.12% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +13.59% annualized vs -0.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 14.1% for EFT. 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 -66.4% for EFT 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EFT charges 5.35% per year while VOO charges 0.03%. On a $10,000 position that is $535 vs $3 annually, a gap of $532 per year that compounds over a long holding period. On income, EFT currently yields 7.92% against 1.08% for VOO.
Holdings Overlap
EFT and VOO share 0 holdings out of 680 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, EFT or VOO?
EFT has an expense ratio of 5.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $532 per year of difference.
Which performed better, EFT or VOO?
Over the past year EFT returned -1.99% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EFT annualized -0.56% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, EFT or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 14.1% for EFT. Worst drawdown: EFT -66.4% vs VOO -34.3%.
Should I hold both EFT and VOO?
EFT and VOO have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EFT and VOO?
EFT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 680 unique securities.
Which pays a higher dividend, EFT or VOO?
EFT yields 7.92% while VOO yields 1.08%, so EFT currently pays the higher dividend yield.
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