ETO vs IVV
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund vs iShares Core S&P 500 ETF
Which is better, ETO or IVV?
Allocation/Balanced against Large Cap Blend.
IVV has a lower expense ratio. ETO led over 1Y, IVV over 3Y, 5Y and the full window.
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 | ETO | IVV |
|---|---|---|
| Expense Ratio | 1.15% | 0.03%Best |
| AUM | $388M | $886.7B |
| Dividend Yield | 6.07% | 1.10% |
| Holdings | 195 | 508 |
| YTD Return | +11.56% | +12.70%Best |
| 1Y Return | +22.93%Best | +19.36% |
| 3Y Return (annualized) | +20.24% | +21.16%Best |
| 5Y Return (annualized) | +6.75% | +12.75%Best |
| Volatility (annualized) | 23.1% | 14.7%Best |
| Max Drawdown | -75.2% | -56.5%Best |
| $10,000 over 5 years | $13,862 | $18,221Best |
| Fund Family | Eaton Vance | iShares by BlackRock (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Apr 30, 2004 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 28, 2004 to Sep 8, 2026 (22.4 years).
ETO vs IVV 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 22.4 years both funds cover.
ETO vs IVV Performance
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund (ETO) is an ETF from Eaton Vance and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year ETO returned +22.93% while IVV returned +19.36%. Year to date, ETO is up 11.56% versus a gain of 12.70% for IVV.
Over three years, ETO compounded at +20.24% per year against +21.16% for IVV; over five years the annualized figures are +6.75% and +12.75% respectively. Across the full 22-year window we track, IVV has the edge at +9.33% annualized vs +3.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETO has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 14.7% 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 -75.2% for ETO and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETO charges 1.15% per year while IVV charges 0.03%. On a $10,000 position that is $115 vs $3 annually, a gap of $112 per year that compounds over a long holding period. On income, ETO currently yields 6.07% against 1.10% for IVV.
Holdings Overlap
At least 42.4% of IVV's money is in holdings ETO also owns.
Stated as a floor: for ETO, our book for it covers 92.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 159 days apart, ETO as of Feb 27, 2026 and IVV as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
54 positions in common, counted across the 156 positions we hold weights for in ETO and 504 in IVV, against full books of 195 and 508.
Top Shared Holdings
| Stock | Weight in ETO | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 3.93% | 7.98% | 4.05% |
| AAPLApple Inc Ord | 1.73% | 6.86% | 5.13% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.40% | 5.44% | 3.04% |
| GOOGAlphabet, Inc., Class C | 4.97% | 2.56% | 2.41% |
| AMZNAmazon.Com Inc | 2.04% | 4.01% | 1.97% |
| MUMicron Technology, Inc. | 3.54% | 1.51% | 2.03% |
| AVGOBroadcom Inc | 1.07% | 2.98% | 1.91% |
| LLYEli Lilly & Co. | 1.03% | 1.39% | 0.36% |
| XOMExxon Mobil Corp | 0.96% | 0.94% | 0.02% |
| JPMJpmorgan Chase & Co. | 0.45% | 1.45% | 1.00% |
42.4% of IVV is already inside ETO.
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, ETO or IVV?
ETO has an expense ratio of 1.15% while IVV charges 0.03%. IVV is the cheaper option, by $112 a year on a $10,000 investment.
Which performed better, ETO or IVV?
Over the past year ETO returned +22.93% vs +19.36% for IVV, so ETO leads on 1-year performance. Over the longest common window we track (22 years), ETO annualized +3.95% vs +9.33% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETO or IVV?
ETO has been the more volatile fund at 23.1% annualized versus 14.7% for IVV. Worst drawdown: ETO -75.2% vs IVV -56.5%.
Should I hold both ETO and IVV?
ETO and IVV have a monthly-return correlation of 0.87, 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 ETO and IVV?
At least 42.4% of IVV's money is in holdings ETO also owns. Our book for ETO is partial, so the real figure is this or higher. They hold 54 positions in common, counted across the 156 positions we hold weights for in ETO and 504 in IVV.
Which pays a higher dividend, ETO or IVV?
ETO yields 6.07% while IVV yields 1.10%, so ETO currently pays the higher dividend yield.
Is IVV better than ETO?
IVV has a lower expense ratio. ETO led over 1Y, IVV over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.