EOI vs VTI
Eaton Vance Enhanced Equity Income Fund vs Vanguard Morningstar Total Stock Market ETF
Which is better, EOI or VTI?
Multi Alternative against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.3% 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 | VTI |
|---|---|---|
| Expense Ratio | 1.10% | 0.03%Best |
| AUM | $613M | $666.9B |
| Dividend Yield | 7.55% | 1.03% |
| Holdings | 95 | 3,543 |
| YTD Return | +2.22% | +12.43%Best |
| 1Y Return | +2.25% | +15.92%Best |
| 3Y Return (annualized) | +16.36% | +22.42%Best |
| 5Y Return (annualized) | +9.98% | +12.37%Best |
| Volatility (annualized) | 16.9% | 15.3%Best |
| Max Drawdown | -61.7% | -56.6%Best |
| $10,000 over 5 years | $16,090 | $17,916Best |
| Top 10 Weight | 47.6% | 33.3%Best |
| Fund Family | Eaton Vance | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 26, 2004 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Oct 27, 2004 to Sep 28, 2026 (21.9 years).
EOI vs VTI 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 VTI Performance
Eaton Vance Enhanced Equity Income Fund (EOI) is an ETF from Eaton Vance and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year EOI returned +2.25% while VTI returned +15.92%. Year to date, EOI is up 2.22% versus a gain of 12.43% for VTI.
Over three years, EOI compounded at +16.36% per year against +22.42% for VTI; over five years the annualized figures are +9.98% and +12.37% respectively. Across the full 22-year window we track, VTI has the edge at +9.57% annualized vs +1.95%.
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 15.3% for VTI. 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 -56.6% for VTI. 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 VTI 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 1.03% for VTI.
Holdings Overlap
97.1% of EOI's money is in holdings VTI also owns. 41.9% of VTI's money is in holdings EOI also owns.
Most of EOI is already inside VTI. Owning both mostly buys the same companies twice.
54 positions in common, counted across the 58 positions we hold weights for in EOI and 3,463 in VTI, against full books of 95 and 3,543.
What only one of them owns
Our book lists 1,097 positions for VTI that do not appear in our book for EOI (55.6% of the fund), and 1 for EOI that do not appear in VTI (0.4%).
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 VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.24% | 6.40% | 2.84% |
| AAPLApple, Inc | 6.59% | 6.29% | 0.30% |
| MSFTMicrosoft Corp | 5.01% | 4.79% | 0.22% |
| GOOGAlphabet Inc | 7.00% | 2.31% | 4.69% |
| AMZNAmazon.Com Inc | 4.86% | 3.65% | 1.21% |
| AVGOBroadcom Inc | 3.99% | 2.56% | 1.43% |
| JPMJpmorgan Chase | 2.98% | 1.31% | 1.67% |
| METAMeta Platforms Inc | 2.58% | 1.70% | 0.88% |
| LLYEli Lilly & Co. | 2.76% | 1.35% | 1.41% |
| MUMicron Technology, Inc. | 2.21% | 1.29% | 0.92% |
97.1% of EOI is already inside VTI.
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 VTI?
EOI has an expense ratio of 1.10% while VTI charges 0.03%. VTI is the cheaper option, by $107 a year on a $10,000 investment.
Which performed better, EOI or VTI?
Over the past year EOI returned +2.25% vs +15.92% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (22 years), EOI annualized +1.95% vs +9.57% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EOI or VTI?
EOI has been the more volatile fund at 16.9% annualized versus 15.3% for VTI. Worst drawdown: EOI -61.7% vs VTI -56.6%.
Should I hold both EOI and VTI?
EOI and VTI 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 VTI?
97.1% of EOI's money is in holdings VTI also owns. 41.9% of VTI's is in holdings EOI also owns. They hold 54 positions in common, counted across the 58 positions we hold weights for in EOI and 3,463 in VTI.
Which pays a higher dividend, EOI or VTI?
EOI yields 7.55% while VTI yields 1.03%, so EOI currently pays the higher dividend yield.
Is VTI better than EOI?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.3% 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.