ETB vs IVV
Eaton Vance Tax-Managed Buy-Write Income Fund 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 | ETB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.12% | 0.03% | |
| AUM | $391M | $907.0B | |
| Dividend Yield | 7.49% | 1.10% | |
| Holdings | 156 | 508 | |
| YTD Return | +8.37% | +13.22% | |
| 1Y Return | +15.41% | +21.62% | |
| 3Y Return (annualized) | +15.47% | +22.17% | |
| 5Y Return (annualized) | +7.86% | +13.42% | |
| Volatility (annualized) | 17.3% | 15.1% | |
| Max Drawdown | -59.4% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 27, 2005 | May 15, 2000 |
ETB vs IVV Performance
Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) 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 ETB returned +15.41% while IVV returned +21.62%. Year to date, ETB is up 8.37% versus a gain of 13.22% for IVV.
Over three years, ETB compounded at +15.47% per year against +22.17% for IVV; over five years the annualized figures are +7.86% and +13.42% respectively. Across the full 21-year window we track, IVV has the edge at +7.02% annualized vs +1.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETB has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 15.1% for IVV. 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 -59.4% for ETB 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETB charges 1.12% per year while IVV charges 0.03%. On a $10,000 position that is $112 vs $3 annually, a gap of $109 per year that compounds over a long holding period. On income, ETB currently yields 7.49% against 1.10% for IVV.
Holdings Overlap
ETB and IVV share 131 holdings out of 519 unique holdings combined, representing a 62.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, ETB or IVV?
ETB has an expense ratio of 1.12% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $109 per year of difference.
Which performed better, ETB or IVV?
Over the past year ETB returned +15.41% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (21 years), ETB annualized +1.07% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, ETB or IVV?
ETB has been the more volatile fund at 17.3% annualized versus 15.1% for IVV. Worst drawdown: ETB -59.4% vs IVV -56.5%.
Should I hold both ETB and IVV?
ETB and IVV have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETB and IVV?
ETB and IVV share 131 common holdings with a 62.4% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, ETB or IVV?
ETB yields 7.49% while IVV yields 1.10%, so ETB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.