ETO vs VTI
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. ETO delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | ETO | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.03% | |
| AUM | $388M | $663.5B | |
| Dividend Yield | 6.06% | 1.07% | |
| Holdings | 195 | 3,543 | |
| YTD Return | +12.69% | +13.87% | |
| 1Y Return | +26.20% | +23.31% | |
| 3Y Return (annualized) | +19.74% | +21.17% | |
| 5Y Return (annualized) | +8.25% | +12.23% | |
| Volatility (annualized) | 23.2% | 15.3% | |
| Max Drawdown | -75.2% | -56.6% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 30, 2004 | May 24, 2001 |
ETO vs VTI Performance
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund (ETO) is a ETF from Eaton Vance and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year ETO returned +26.20% while VTI returned +23.31%. Year to date, ETO is up 12.69% versus a gain of 13.87% for VTI.
Over three years, ETO compounded at +19.74% per year against +21.17% for VTI; over five years the annualized figures are +8.25% and +12.23% respectively. Across the full 22-year window we track, VTI has the edge at +8.13% annualized vs +4.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETO has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 15.3% for VTI. 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 -56.6% for VTI. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETO charges 1.15% per year while VTI 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 6.06% against 1.07% for VTI.
Holdings Overlap
ETO and VTI share 59 holdings out of 2880 unique holdings combined, representing a 22.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ETO or VTI?
ETO has an expense ratio of 1.15% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, ETO or VTI?
Over the past year ETO returned +26.20% vs +23.31% for VTI, so ETO leads on 1-year performance. Over the longest common window we track (22 years), ETO annualized +4.01% vs +8.13% for VTI. Past performance does not guarantee future results.
Which is riskier, ETO or VTI?
ETO has been the more volatile fund at 23.2% annualized versus 15.3% for VTI. Worst drawdown: ETO -75.2% vs VTI -56.6%.
Should I hold both ETO and VTI?
ETO and VTI have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETO and VTI?
ETO and VTI share 59 common holdings with a 22.9% weight overlap. Combined, they hold 2880 unique securities.
Which pays a higher dividend, ETO or VTI?
ETO yields 6.06% while VTI yields 1.07%, so ETO currently pays the higher dividend yield.
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