EFT vs VTI
Eaton Vance Floating Rate Income Trust vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | EFT | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 5.35% | 0.03% | |
| AUM | $380M | $666.9B | |
| Dividend Yield | 7.92% | 1.07% | |
| Holdings | 501 | 3,543 | |
| YTD Return | +1.70% | +14.82% | |
| 1Y Return | -1.99% | +22.43% | |
| 3Y Return (annualized) | +6.05% | +21.93% | |
| 5Y Return (annualized) | +3.12% | +12.34% | |
| Volatility (annualized) | 14.1% | 15.4% | |
| Max Drawdown | -66.4% | -56.6% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2004 | May 24, 2001 |
EFT vs VTI Performance
Eaton Vance Floating Rate Income Trust (EFT) is a ETF from Eaton Vance and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year EFT returned -1.99% while VTI returned +22.43%. Year to date, EFT is up 1.70% versus a gain of 14.82% for VTI.
Over three years, EFT compounded at +6.05% per year against +21.93% for VTI; over five years the annualized figures are +3.12% and +12.34% respectively. Across the full 22-year window we track, VTI has the edge at +8.16% annualized vs -0.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -56.6% for VTI. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EFT charges 5.35% per year while VTI 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 1.07% for VTI.
Holdings Overlap
EFT and VTI share 1 holdings out of 2961 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EFT | Weight in VTI | Difference |
|---|---|---|---|
| SKIL | 0.01% | 0.00% | 0.01% |
Frequently Asked Questions
Which is cheaper, EFT or VTI?
EFT has an expense ratio of 5.35% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $532 per year of difference.
Which performed better, EFT or VTI?
Over the past year EFT returned -1.99% vs +22.43% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (22 years), EFT annualized -0.56% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, EFT or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 14.1% for EFT. Worst drawdown: EFT -66.4% vs VTI -56.6%.
Should I hold both EFT and VTI?
EFT and VTI have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EFT and VTI?
EFT and VTI share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2961 unique securities.
Which pays a higher dividend, EFT or VTI?
EFT yields 7.92% while VTI yields 1.07%, so EFT currently pays the higher dividend yield.
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