ETO vs VYM
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund vs Vanguard High Dividend Yield ETF
Which is better, ETO or VYM?
Allocation/Balanced against Large Cap Value.
VYM has a lower expense ratio. ETO led over 1Y and 3Y, VYM over 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 | VYM |
|---|---|---|
| Expense Ratio | 1.15% | 0.04%Best |
| AUM | $388M | $81.6B |
| Dividend Yield | 6.07% | 2.24% |
| Holdings | 195 | 613 |
| YTD Return | +11.85% | +14.82%Best |
| 1Y Return | +23.92%Best | +20.84% |
| 3Y Return (annualized) | +20.20%Best | +18.64% |
| 5Y Return (annualized) | +7.04% | +12.28%Best |
| Volatility (annualized) | 24.1% | 14.5%Best |
| Max Drawdown | -75.2% | -58.8%Best |
| $10,000 over 5 years | $14,052 | $17,845Best |
| Fund Family | Eaton Vance | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Apr 30, 2004 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 4, 2026 (19.8 years).
ETO vs VYM 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 19.8 years both funds cover.
ETO vs VYM Performance
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund (ETO) is an ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year ETO returned +23.92% while VYM returned +20.84%. Year to date, ETO is up 11.85% versus a gain of 14.82% for VYM.
Over three years, ETO compounded at +20.20% per year against +18.64% for VYM; over five years the annualized figures are +7.04% and +12.28% respectively. Across the full 20-year window we track, VYM has the edge at +7.00% annualized vs +2.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETO has been the more volatile fund, with annualized monthly volatility of 24.1% compared with 14.5% 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 what each fund did in the worst stretch of the window measured above.
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 6.07% against 2.24% for VYM.
Holdings Overlap
At least 24.2% of VYM'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.
VYM and ETO share little of their money.
The two holdings books were reported 123 days apart, ETO as of Feb 27, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
34 positions in common, counted across the 156 positions we hold weights for in ETO and 603 in VYM, against full books of 195 and 613.
Top Shared Holdings
| Stock | Weight in ETO | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 1.07% | 7.29% | 6.22% |
| JPMJpmorgan Chase | 0.45% | 3.38% | 2.93% |
| XOMExxon Mobil Corp. | 0.96% | 2.36% | 1.40% |
| NEENextera Energy Inc | 0.89% | 0.76% | 0.13% |
| BACBank Of America Corp. | 0.05% | 1.56% | 1.51% |
| GSGoldman Sachs Group Inc/The | 0.16% | 1.15% | 0.99% |
| WFCWells Fargo & Co. | 0.15% | 1.05% | 0.90% |
| CCitigroup Inc. | 0.23% | 0.94% | 0.71% |
| IEXI D E X Corporation | 1.00% | 0.07% | 0.93% |
| ABTAbbott Laboratories | 0.39% | 0.65% | 0.26% |
24.2% of VYM 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.
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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, by $111 a year on a $10,000 investment.
Which performed better, ETO or VYM?
Over the past year ETO returned +23.92% vs +20.84% for VYM, so ETO leads on 1-year performance. Over the longest common window we track (20 years), ETO annualized +2.78% vs +7.00% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETO or VYM?
ETO has been the more volatile fund at 24.1% annualized versus 14.5% 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 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 VYM?
At least 24.2% of VYM's money is in holdings ETO also owns. Our book for ETO is partial, so the real figure is this or higher. They hold 34 positions in common, counted across the 156 positions we hold weights for in ETO and 603 in VYM.
Which pays a higher dividend, ETO or VYM?
ETO yields 6.07% while VYM yields 2.24%, so ETO currently pays the higher dividend yield.
Is VYM better than ETO?
VYM has a lower expense ratio. ETO led over 1Y and 3Y, VYM over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.