EOT vs VOO
Eaton Vance National Municipal Opportunities Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | EOT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $281M | $997.4B | |
| Dividend Yield | 4.58% | 1.08% | |
| Holdings | 181 | 509 | |
| YTD Return | +5.96% | +14.27% | |
| 1Y Return | +12.89% | +21.79% | |
| 3Y Return (annualized) | +6.12% | +22.19% | |
| 5Y Return (annualized) | -1.39% | +13.28% | |
| Volatility (annualized) | 11.9% | 14.2% | |
| Max Drawdown | -33.9% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | May 27, 2009 | Sep 7, 2010 |
EOT vs VOO Performance
Eaton Vance National Municipal Opportunities Trust (EOT) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EOT returned +12.89% while VOO returned +21.79%. Year to date, EOT is up 5.96% versus a gain of 14.27% for VOO.
Over three years, EOT compounded at +6.12% per year against +22.19% for VOO; over five years the annualized figures are -1.39% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +13.59% annualized vs +0.62%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EOT charges 0.79% per year while VOO 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 1.08% for VOO.
Holdings Overlap
EOT and VOO 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 VOO?
EOT has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, EOT or VOO?
Over the past year EOT returned +12.89% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EOT annualized +0.62% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, EOT or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 11.9% for EOT. Worst drawdown: EOT -33.9% vs VOO -34.3%.
Should I hold both EOT and VOO?
EOT and VOO have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EOT and VOO?
EOT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 590 unique securities.
Which pays a higher dividend, EOT or VOO?
EOT yields 4.58% while VOO yields 1.08%, so EOT currently pays the higher dividend yield.
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