EOT vs IVV
Eaton Vance National Municipal Opportunities Trust vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | EOT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $281M | $907.0B | |
| Dividend Yield | 4.58% | 1.10% | |
| Holdings | 181 | 508 | |
| YTD Return | +5.39% | +13.22% | |
| 1Y Return | +13.00% | +21.62% | |
| 3Y Return (annualized) | +6.42% | +22.17% | |
| 5Y Return (annualized) | -1.40% | +13.42% | |
| Volatility (annualized) | 11.9% | 15.1% | |
| Max Drawdown | -33.9% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | May 27, 2009 | May 15, 2000 |
EOT vs IVV Performance
Eaton Vance National Municipal Opportunities Trust (EOT) is a ETF from Eaton Vance and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EOT returned +13.00% while IVV returned +21.62%. Year to date, EOT is up 5.39% versus a gain of 13.22% for IVV.
Over three years, EOT compounded at +6.42% per year against +22.17% for IVV; over five years the annualized figures are -1.40% and +13.42% respectively. Across the full 17-year window we track, IVV has the edge at +7.02% annualized vs +0.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.9% for EOT. 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 -33.9% for EOT and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EOT charges 0.79% per year while IVV charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, EOT currently yields 4.58% against 1.10% for IVV.
Holdings Overlap
EOT and IVV share 0 holdings out of 590 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EOT or IVV?
EOT has an expense ratio of 0.79% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, EOT or IVV?
Over the past year EOT returned +13.00% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (17 years), EOT annualized +0.59% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, EOT or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.9% for EOT. Worst drawdown: EOT -33.9% vs IVV -56.5%.
Should I hold both EOT and IVV?
EOT and IVV have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EOT and IVV?
EOT and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 590 unique securities.
Which pays a higher dividend, EOT or IVV?
EOT yields 4.58% while IVV yields 1.10%, so EOT currently pays the higher dividend yield.
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