EVF vs QQQ
Eaton Vance Senior Income Trust vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EVF offers more diversification with 462 holdings.
Side-by-Side Comparison
| Metric | EVF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 2.38% | 0.18% | |
| AUM | $108M | $496.3B | |
| Dividend Yield | 7.85% | 0.44% | |
| Holdings | 462 | 108 | |
| YTD Return | +0.05% | +19.52% | |
| 1Y Return | -1.50% | +26.68% | |
| 3Y Return (annualized) | +5.76% | +26.64% | |
| 5Y Return (annualized) | +2.56% | +15.36% | |
| Volatility (annualized) | 14.1% | 30.6% | |
| Max Drawdown | -71.3% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 30, 1998 | Mar 10, 1999 |
EVF vs QQQ Performance
Eaton Vance Senior Income Trust (EVF) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVF returned -1.50% while QQQ returned +26.68%. Year to date, EVF is up 0.05% versus a gain of 19.52% for QQQ.
Over three years, EVF compounded at +5.76% per year against +26.64% for QQQ; over five years the annualized figures are +2.56% and +15.36% respectively. Across the full 27-year window we track, QQQ has the edge at +13.14% annualized vs -0.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVF charges 2.38% per year while QQQ charges 0.18%. On a $10,000 position that is $238 vs $18 annually, a gap of $220 per year that compounds over a long holding period. On income, EVF currently yields 7.85% against 0.44% for QQQ.
Holdings Overlap
EVF and QQQ share 0 holdings out of 310 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 QQQ?
EVF has an expense ratio of 2.38% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $220 per year of difference.
Which performed better, EVF or QQQ?
Over the past year EVF returned -1.50% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (27 years), EVF annualized -0.73% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.1% for EVF. Worst drawdown: EVF -71.3% vs QQQ -83.0%.
Should I hold both EVF and QQQ?
EVF and QQQ have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVF and QQQ?
EVF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 310 unique securities.
Which pays a higher dividend, EVF or QQQ?
EVF yields 7.85% while QQQ yields 0.44%, so EVF currently pays the higher dividend yield.
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