EVF vs IVV
Eaton Vance Senior Income Trust 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 508 holdings.
Side-by-Side Comparison
| Metric | EVF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 2.38% | 0.03% | |
| AUM | $108M | $907.0B | |
| Dividend Yield | 7.85% | 1.10% | |
| Holdings | 462 | 508 | |
| YTD Return | -0.59% | +14.29% | |
| 1Y Return | -2.13% | +21.79% | |
| 3Y Return (annualized) | +5.54% | +22.19% | |
| 5Y Return (annualized) | +2.43% | +13.28% | |
| Volatility (annualized) | 14.1% | 15.1% | |
| Max Drawdown | -71.3% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 30, 1998 | May 15, 2000 |
EVF vs IVV Performance
Eaton Vance Senior Income Trust (EVF) 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 EVF returned -2.13% while IVV returned +21.79%. Year to date, EVF is down 0.59% versus a gain of 14.29% for IVV.
Over three years, EVF compounded at +5.54% per year against +22.19% for IVV; over five years the annualized figures are +2.43% and +13.28% respectively. Across the full 26-year window we track, IVV has the edge at +7.06% annualized vs -0.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.1% for EVF. 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 -71.3% for EVF 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVF charges 2.38% per year while IVV charges 0.03%. On a $10,000 position that is $238 vs $3 annually, a gap of $235 per year that compounds over a long holding period. On income, EVF currently yields 7.85% against 1.10% for IVV.
Holdings Overlap
EVF and IVV share 0 holdings out of 713 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, EVF or IVV?
EVF has an expense ratio of 2.38% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $235 per year of difference.
Which performed better, EVF or IVV?
Over the past year EVF returned -2.13% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), EVF annualized -0.75% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, EVF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.1% for EVF. Worst drawdown: EVF -71.3% vs IVV -56.5%.
Should I hold both EVF and IVV?
EVF and IVV have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVF and IVV?
EVF and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 713 unique securities.
Which pays a higher dividend, EVF or IVV?
EVF yields 7.85% while IVV yields 1.10%, so EVF currently pays the higher dividend yield.
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