ETX vs VOO
Eaton Vance Municipal Income 2028 Term Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | ETX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.86% | 0.03% | |
| AUM | $206M | $997.4B | |
| Dividend Yield | 5.18% | 1.08% | |
| Holdings | 126 | 509 | |
| YTD Return | -0.24% | +12.95% | |
| 1Y Return | +1.51% | +20.69% | |
| 3Y Return (annualized) | +7.11% | +22.09% | |
| 5Y Return (annualized) | +0.10% | +13.40% | |
| Volatility (annualized) | 11.0% | 14.1% | |
| Max Drawdown | -32.8% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Mar 26, 2013 | Sep 7, 2010 |
ETX vs VOO Performance
Eaton Vance Municipal Income 2028 Term Trust (ETX) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ETX returned +1.51% while VOO returned +20.69%. Year to date, ETX is down 0.24% versus a gain of 12.95% for VOO.
Over three years, ETX compounded at +7.11% per year against +22.09% for VOO; over five years the annualized figures are +0.10% and +13.40% respectively. Across the full 13-year window we track, VOO has the edge at +13.50% annualized vs +1.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.0% for ETX. 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 -32.8% for ETX and -34.3% for VOO. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ETX charges 1.86% per year while VOO charges 0.03%. On a $10,000 position that is $186 vs $3 annually, a gap of $183 per year that compounds over a long holding period. On income, ETX currently yields 5.18% against 1.08% for VOO.
Holdings Overlap
ETX and VOO share 0 holdings out of 554 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ETX or VOO?
ETX has an expense ratio of 1.86% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $183 per year of difference.
Which performed better, ETX or VOO?
Over the past year ETX returned +1.51% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (13 years), ETX annualized +1.15% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, ETX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.0% for ETX. Worst drawdown: ETX -32.8% vs VOO -34.3%.
Should I hold both ETX and VOO?
ETX and VOO have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETX and VOO?
ETX and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, ETX or VOO?
ETX yields 5.18% while VOO yields 1.08%, so ETX currently pays the higher dividend yield.
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