EOI vs IVV
Eaton Vance Enhanced Equity Income Fund vs iShares Core S&P 500 ETF
Which is better, EOI or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 49.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EOI | IVV |
|---|---|---|
| Expense Ratio | 1.10% | 0.03%Best |
| AUM | $613M | $886.7B |
| Dividend Yield | 7.62% | 1.10% |
| Holdings | 95 | 508 |
| YTD Return | +3.22% | +13.86%Best |
| 1Y Return | +1.56% | +21.57%Best |
| 3Y Return (annualized) | +15.44% | +21.48%Best |
| 5Y Return (annualized) | +9.14% | +12.88%Best |
| Volatility (annualized) | 16.9% | 14.8%Best |
| Max Drawdown | -61.7% | -56.5%Best |
| $10,000 over 5 years | $15,485 | $18,327Best |
| Top 10 Weight | 49.6% | 37.9%Best |
| Fund Family | Eaton Vance | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 26, 2004 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Oct 27, 2004 to Sep 3, 2026 (21.9 years).
EOI vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 21.9 years both funds cover.
EOI vs IVV Performance
Eaton Vance Enhanced Equity Income Fund (EOI) is an ETF from Eaton Vance and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year EOI returned +1.56% while IVV returned +21.57%. Year to date, EOI is up 3.22% versus a gain of 13.86% for IVV.
Over three years, EOI compounded at +15.44% per year against +21.48% for IVV; over five years the annualized figures are +9.14% and +12.88% respectively. Across the full 22-year window we track, IVV has the edge at +9.61% annualized vs +2.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EOI has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 14.8% for IVV. 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 -61.7% for EOI and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOI charges 1.10% per year while IVV charges 0.03%. On a $10,000 position that is $110 vs $3 annually, a gap of $107 per year that compounds over a long holding period. On income, EOI currently yields 7.62% against 1.10% for IVV.
Holdings Overlap
86.8% of EOI's money is in holdings IVV also owns. 42.3% of IVV's money is in holdings EOI also owns.
Most of EOI is already inside IVV. Owning both mostly buys the same companies twice.
The two holdings books were reported 159 days apart, EOI as of Feb 27, 2026 and IVV as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
37 positions in common, counted across the 49 positions we hold weights for in EOI and 505 in IVV, against full books of 95 and 508.
What only one of them owns
Our book lists 460 positions for IVV that do not appear in our book for EOI (57.0% of the fund), and 8 for EOI that do not appear in IVV (9.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EOI | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.07% | 7.98% | 1.09% |
| AAPLApple, Inc | 6.63% | 6.86% | 0.23% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.04% | 5.44% | 0.60% |
| GOOGAlphabet Inc. C | 6.84% | 2.56% | 4.28% |
| AMZNAmazon.Com Inc | 4.67% | 4.01% | 0.66% |
| AVGOBroadcom Inc | 4.01% | 2.98% | 1.03% |
| METAMeta Platform Inc | 3.86% | 1.94% | 1.92% |
| JPMJpmorgan Chase | 2.94% | 1.45% | 1.49% |
| LLYEli Lilly & Co. | 2.77% | 1.39% | 1.38% |
| VVisa Inc Class A | 2.56% | 0.92% | 1.64% |
86.8% of EOI is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EOI or IVV?
EOI has an expense ratio of 1.10% while IVV charges 0.03%. IVV is the cheaper option, by $107 a year on a $10,000 investment.
Which performed better, EOI or IVV?
Over the past year EOI returned +1.56% vs +21.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (22 years), EOI annualized +2.00% vs +9.61% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EOI or IVV?
EOI has been the more volatile fund at 16.9% annualized versus 14.8% for IVV. Worst drawdown: EOI -61.7% vs IVV -56.5%.
Should I hold both EOI and IVV?
EOI and IVV have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EOI and IVV?
86.8% of EOI's money is in holdings IVV also owns. 42.3% of IVV's is in holdings EOI also owns. They hold 37 positions in common, counted across the 49 positions we hold weights for in EOI and 505 in IVV.
Which pays a higher dividend, EOI or IVV?
EOI yields 7.62% while IVV yields 1.10%, so EOI currently pays the higher dividend yield.
Is IVV better than EOI?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 49.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.