EOI vs VYM
Eaton Vance Enhanced Equity Income Fund vs Vanguard High Dividend Yield ETF
Which is better, EOI or VYM?
Multi Alternative against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% 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 | VYM |
|---|---|---|
| Expense Ratio | 1.10% | 0.04%Best |
| AUM | $613M | $81.6B |
| Dividend Yield | 7.55% | 2.22% |
| Holdings | 95 | 613 |
| YTD Return | +2.17% | +9.71%Best |
| 1Y Return | +1.47% | +13.77%Best |
| 3Y Return (annualized) | +15.42% | +17.30%Best |
| 5Y Return (annualized) | +9.44% | +11.45%Best |
| Volatility (annualized) | 17.5% | 14.6%Best |
| Max Drawdown | -61.7% | -58.8%Best |
| $10,000 over 5 years | $15,699 | $17,195Best |
| Top 10 Weight | 47.6% | 26.1%Best |
| Fund Family | Eaton Vance | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Oct 26, 2004 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 24, 2026 (19.9 years).
EOI vs VYM 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 19.9 years both funds cover.
EOI vs VYM Performance
Eaton Vance Enhanced Equity Income Fund (EOI) is an ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year EOI returned +1.47% while VYM returned +13.77%. Year to date, EOI is up 2.17% versus a gain of 9.71% for VYM.
Over three years, EOI compounded at +15.42% per year against +17.30% for VYM; over five years the annualized figures are +9.44% and +11.45% respectively. Across the full 20-year window we track, VYM has the edge at +6.73% annualized vs +2.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EOI has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 14.6% for VYM. 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOI charges 1.10% per year while VYM charges 0.04%. On a $10,000 position that is $110 vs $4 annually, a gap of $106 per year that compounds over a long holding period. On income, EOI currently yields 7.55% against 2.22% for VYM.
Holdings Overlap
27.8% of EOI's money is in holdings VYM also owns. 22.6% of VYM's money is in holdings EOI also owns.
EOI and VYM share little of their money.
19 positions in common, counted across the 58 positions we hold weights for in EOI and 557 in VYM, against full books of 95 and 613.
What only one of them owns
Our book lists 509 positions for VYM that do not appear in our book for EOI (74.5% of the fund), and 34 for EOI that do not appear in VYM (69.2%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.99% | 7.35% | 3.36% |
| JPMJpmorgan Chase | 2.98% | 3.82% | 0.84% |
| JNJJohnson & Johnson - Common | 1.57% | 2.51% | 0.94% |
| KOCoca Cola Co. | 2.62% | 1.38% | 1.24% |
| ABBVAbbvie Inc. | 1.94% | 1.80% | 0.14% |
| UNHUnitedhealth Group Incorporated | 1.79% | 1.52% | 0.27% |
| LINLinde Plc Ordinary Shares | 1.55% | 0.90% | 0.65% |
| ETNEaton Corp Plc | 1.77% | 0.65% | 1.12% |
| COPConocophillips Common Stock USD 0.01 | 1.58% | 0.60% | 0.98% |
| ADIAnalog Devices, Inc. | 1.39% | 0.73% | 0.66% |
27.8% of EOI is already inside VYM.
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 VYM?
EOI has an expense ratio of 1.10% while VYM charges 0.04%. VYM is the cheaper option, by $106 a year on a $10,000 investment.
Which performed better, EOI or VYM?
Over the past year EOI returned +1.47% vs +13.77% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), EOI annualized +2.15% vs +6.73% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EOI or VYM?
EOI has been the more volatile fund at 17.5% annualized versus 14.6% for VYM. Worst drawdown: EOI -61.7% vs VYM -58.8%.
Should I hold both EOI and VYM?
EOI and VYM have a monthly-return correlation of 0.76, 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 VYM?
27.8% of EOI's money is in holdings VYM also owns. 22.6% of VYM's is in holdings EOI also owns. They hold 19 positions in common, counted across the 58 positions we hold weights for in EOI and 557 in VYM.
Which pays a higher dividend, EOI or VYM?
EOI yields 7.55% while VYM yields 2.22%, so EOI currently pays the higher dividend yield.
Is VYM better than EOI?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% 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.