EOI vs VOO
Eaton Vance Enhanced Equity Income Fund vs Vanguard S&P 500 ETF
Which is better, EOI or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 47.6%.
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 | VOO |
|---|---|---|
| Expense Ratio | 1.10% | 0.03%Best |
| AUM | $613M | $997.4B |
| Dividend Yield | 7.55% | 1.04% |
| Holdings | 95 | 509 |
| YTD Return | +2.17% | +13.21%Best |
| 1Y Return | +1.47% | +17.37%Best |
| 3Y Return (annualized) | +15.42% | +22.66%Best |
| 5Y Return (annualized) | +9.44% | +13.14%Best |
| Volatility (annualized) | 16.1% | 14.1%Best |
| Max Drawdown | -40.9% | -34.3%Best |
| $10,000 over 5 years | $15,699 | $18,539Best |
| Top 10 Weight | 47.6% | 37.6%Best |
| Fund Family | Eaton Vance | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 26, 2004 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 24, 2026 (16 years).
EOI vs VOO 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 16 years both funds cover.
EOI vs VOO Performance
Eaton Vance Enhanced Equity Income Fund (EOI) is an ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year EOI returned +1.47% while VOO returned +17.37%. Year to date, EOI is up 2.17% versus a gain of 13.21% for VOO.
Over three years, EOI compounded at +15.42% per year against +22.66% for VOO; over five years the annualized figures are +9.44% and +13.14% respectively. Across the full 16-year window we track, VOO has the edge at +13.42% annualized vs +5.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EOI has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.1% for VOO. 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 -40.9% for EOI and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOI charges 1.10% per year while VOO 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 7.55% against 1.04% for VOO.
Holdings Overlap
89.1% of EOI's money is in holdings VOO also owns. 46.9% of VOO's money is in holdings EOI also owns.
Most of EOI is already inside VOO. Owning both mostly buys the same companies twice.
43 positions in common, counted across the 58 positions we hold weights for in EOI and 494 in VOO, against full books of 95 and 509.
What only one of them owns
Our book lists 444 positions for VOO that do not appear in our book for EOI (52.3% of the fund), and 11 for EOI that do not appear in VOO (7.9%).
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 VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.24% | 7.55% | 1.69% |
| AAPLApple, Inc | 6.59% | 7.05% | 0.46% |
| MSFTMicrosoft Corp | 5.01% | 5.36% | 0.35% |
| GOOGAlphabet Inc | 7.00% | 2.62% | 4.38% |
| AMZNAmazon.Com Inc | 4.86% | 4.13% | 0.73% |
| AVGOBroadcom Inc | 3.99% | 2.86% | 1.13% |
| METAMeta Platforms Inc | 2.58% | 1.90% | 0.68% |
| JPMJpmorgan Chase | 2.98% | 1.46% | 1.52% |
| LLYEli Lilly & Co. | 2.76% | 1.41% | 1.35% |
| MUMicron Technology, Inc. | 2.21% | 1.44% | 0.77% |
89.1% of EOI is already inside VOO.
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 VOO?
EOI has an expense ratio of 1.10% while VOO charges 0.03%. VOO is the cheaper option, by $107 a year on a $10,000 investment.
Which performed better, EOI or VOO?
Over the past year EOI returned +1.47% vs +17.37% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EOI annualized +5.60% vs +13.42% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EOI or VOO?
EOI has been the more volatile fund at 16.1% annualized versus 14.1% for VOO. Worst drawdown: EOI -40.9% vs VOO -34.3%.
Should I hold both EOI and VOO?
EOI and VOO have a monthly-return correlation of 0.87, 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 VOO?
89.1% of EOI's money is in holdings VOO also owns. 46.9% of VOO's is in holdings EOI also owns. They hold 43 positions in common, counted across the 58 positions we hold weights for in EOI and 494 in VOO.
Which pays a higher dividend, EOI or VOO?
EOI yields 7.55% while VOO yields 1.04%, so EOI currently pays the higher dividend yield.
Is VOO better than EOI?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 47.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.