ETV vs IVV
ETV vs IVV
Eaton Vance Tax-Managed Buy-Write Opportunities 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 505 holdings.
Side-by-Side Comparison
| Metric | ETV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.08% | 0.03% | |
| AUM | $1.3B | $865.2B | |
| Dividend Yield | 7.53% | 1.09% | |
| Holdings | 174 | 508 | |
| YTD Return | +10.60% | +13.80% | |
| 1Y Return | +17.17% | +23.70% | |
| 3Y Return (annualized) | +14.20% | +21.49% | |
| 5Y Return (annualized) | +6.88% | +13.43% | |
| Volatility (annualized) | 15.3% | 15.1% | |
| Max Drawdown | -59.8% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 27, 2005 | May 15, 2000 |
ETV vs IVV Performance
Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) 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 ETV returned +17.17% while IVV returned +23.70%. Year to date, ETV is up 10.60% versus a gain of 13.80% for IVV.
Over three years, ETV compounded at +14.20% per year against +21.49% for IVV; over five years the annualized figures are +6.88% and +13.43% respectively. Across the full 21-year window we track, IVV has the edge at +7.05% annualized vs +0.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETV has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -59.8% for ETV 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETV charges 1.08% per year while IVV charges 0.03%. On a $10,000 position that is $108 vs $3 annually, a gap of $105 per year that compounds over a long holding period. On income, ETV currently yields 7.53% against 1.09% for IVV.
Holdings Overlap
ETV and IVV share 134 holdings out of 522 unique holdings combined, representing a 57.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in ETV | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 8.97% | 7.76% | 1.21% |
| AAPL | 8.09% | 7.44% | 0.65% |
| MSFT | 6.10% | 4.57% | 1.53% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings ETV shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ETV or IVV?
ETV has an expense ratio of 1.08% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $105 per year of difference.
Which performed better, ETV or IVV?
Over the past year ETV returned +17.17% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (21 years), ETV annualized +0.90% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, ETV or IVV?
ETV has been the more volatile fund at 15.3% annualized versus 15.1% for IVV. Worst drawdown: ETV -59.8% vs IVV -56.5%.
Should I hold both ETV and IVV?
ETV and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETV and IVV?
ETV and IVV share 134 common holdings with a 57.6% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, ETV or IVV?
ETV yields 7.53% while IVV yields 1.09%, so ETV currently pays the higher dividend yield.
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