ETO vs VYM
ETO vs VYM
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | ETO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.04% | |
| AUM | $388M | $79.0B | |
| Dividend Yield | 6.06% | 2.86% | |
| Holdings | 195 | 568 | |
| YTD Return | +11.92% | +15.80% | |
| 1Y Return | +25.75% | +26.12% | |
| 3Y Return (annualized) | +19.47% | +18.25% | |
| 5Y Return (annualized) | +8.36% | +12.51% | |
| Volatility (annualized) | 23.2% | 14.6% | |
| Max Drawdown | -75.2% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 30, 2004 | Nov 10, 2006 |
ETO vs VYM Performance
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund (ETO) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ETO returned +25.75% while VYM returned +26.12%. Year to date, ETO is up 11.92% versus a gain of 15.80% for VYM.
Over three years, ETO compounded at +19.47% per year against +18.25% for VYM; over five years the annualized figures are +8.36% and +12.51% respectively. Across the full 20-year window we track, VYM has the edge at +7.07% annualized vs +3.98%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETO charges 1.15% per year while VYM charges 0.04%. On a $10,000 position that is $115 vs $4 annually, a gap of $111 per year that compounds over a long holding period. On income, ETO currently yields 6.06% against 2.86% for VYM.
Holdings Overlap
ETO and VYM share 30 holdings out of 684 unique holdings combined, representing a 7.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ETO | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 1.07% | 6.47% | 5.40% |
| JPM:US | 0.45% | 3.36% | 2.91% |
| XOM | 0.96% | 2.83% | 1.87% |
| NEE | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| ABT | Pro | Pro | Pro |
| WFC | Pro | Pro | Pro |
| GS | Pro | Pro | Pro |
| DTEG.N:BE | Pro | Pro | Pro |
| EOG | Pro | Pro | Pro |
See all 10 holdings ETO shares with VYM Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, ETO or VYM?
ETO has an expense ratio of 1.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $111 per year of difference.
Which performed better, ETO or VYM?
Over the past year ETO returned +25.75% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), ETO annualized +3.98% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, ETO or VYM?
ETO has been the more volatile fund at 23.2% annualized versus 14.6% for VYM. Worst drawdown: ETO -75.2% vs VYM -58.8%.
Should I hold both ETO and VYM?
ETO and VYM have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETO and VYM?
ETO and VYM share 30 common holdings with a 7.5% weight overlap. Combined, they hold 684 unique securities.
Which pays a higher dividend, ETO or VYM?
ETO yields 6.06% while VYM yields 2.86%, so ETO currently pays the higher dividend yield.
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