EOS vs QQQ
Eaton Vance Enhanced Equity Income Fund II vs Invesco QQQ Trust, Series 1
Which is better, EOS or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 61.0%.
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 | EOS | QQQ |
|---|---|---|
| Expense Ratio | 1.09% | 0.18%Best |
| AUM | $850M | $483.5B |
| Dividend Yield | 7.64% | 0.44% |
| Holdings | 96 | 107 |
| YTD Return | -4.19% | +15.21%Best |
| 1Y Return | -6.44% | +19.78%Best |
| 3Y Return (annualized) | +14.60% | +24.58%Best |
| 5Y Return (annualized) | +5.19% | +13.93%Best |
| Volatility (annualized) | 18.2%Best | 18.4% |
| Max Drawdown | -63.6% | -53.5%Best |
| $10,000 over 5 years | $12,879 | $19,195Best |
| Top 10 Weight | 61.0% | 46.5%Best |
| Fund Family | Eaton Vance | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Jan 26, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jan 27, 2005 to Sep 16, 2026 (21.6 years).
EOS vs QQQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
EOS vs QQQ Performance
Eaton Vance Enhanced Equity Income Fund II (EOS) is an ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EOS returned -6.44% while QQQ returned +19.78%. Year to date, EOS is down 4.19% versus a gain of 15.21% for QQQ.
Over three years, EOS compounded at +14.60% per year against +24.58% for QQQ; over five years the annualized figures are +5.19% and +13.93% respectively. Across the full 22-year window we track, QQQ has the edge at +14.75% annualized vs +2.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 18.2% for EOS. 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 -63.6% for EOS and -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOS charges 1.09% per year while QQQ charges 0.18%. On a $10,000 position that is $109 vs $18 annually, a gap of $91 per year that compounds over a long holding period. On income, EOS currently yields 7.64% against 0.44% for QQQ.
Holdings Overlap
70.5% of EOS's money is in holdings QQQ also owns. 55.7% of QQQ's money is in holdings EOS also owns.
Most of EOS is already inside QQQ. Owning both mostly buys the same companies twice.
24 positions in common, counted across the 58 positions we hold weights for in EOS and 102 in QQQ, against full books of 96 and 107.
What only one of them owns
Our book lists 72 positions for QQQ that do not appear in our book for EOS (41.9% of the fund), and 23 for EOS that do not appear in QQQ (28.2%).
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 EOS | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 12.69% | 8.44% | 4.25% |
| AAPLApple, Inc | 7.02% | 7.27% | 0.25% |
| MSFTMicrosoft Corp | 6.43% | 5.76% | 0.67% |
| GOOGAlphabet Inc | 8.24% | 3.13% | 5.11% |
| AMZNAmazon.Com Inc | 6.23% | 4.67% | 1.56% |
| AVGOBroadcom Inc | 7.00% | 3.16% | 3.84% |
| METAMeta Platforms Inc | 3.48% | 2.78% | 0.70% |
| LRCXLam Research Corp | 3.59% | 1.69% | 1.90% |
| AMDAdvanced Micro Devices Inc | 1.61% | 3.45% | 1.84% |
| TSLATesla Inc | 1.17% | 2.56% | 1.39% |
70.5% of EOS is already inside QQQ.
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, EOS or QQQ?
EOS has an expense ratio of 1.09% while QQQ charges 0.18%. QQQ is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, EOS or QQQ?
Over the past year EOS returned -6.44% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (22 years), EOS annualized +2.24% vs +14.75% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EOS or QQQ?
QQQ has been the more volatile fund at 18.4% annualized versus 18.2% for EOS. Worst drawdown: EOS -63.6% vs QQQ -53.5%.
Should I hold both EOS and QQQ?
EOS and QQQ have a monthly-return correlation of 0.80, 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 EOS and QQQ?
70.5% of EOS's money is in holdings QQQ also owns. 55.7% of QQQ's is in holdings EOS also owns. They hold 24 positions in common, counted across the 58 positions we hold weights for in EOS and 102 in QQQ.
Which pays a higher dividend, EOS or QQQ?
EOS yields 7.64% while QQQ yields 0.44%, so EOS currently pays the higher dividend yield.
Is QQQ better than EOS?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 61.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.