EVG vs QQQ
Eaton Vance Short Duration Diversified Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EVG offers more diversification with 247 holdings.
Side-by-Side Comparison
| Metric | EVG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.18% | |
| AUM | $442M | $455.8B | |
| Dividend Yield | 7.99% | 0.41% | |
| Holdings | 740 | 108 | |
| YTD Return | +3.28% | +18.31% | |
| 1Y Return | +2.92% | +25.37% | |
| 3Y Return (annualized) | +10.56% | +25.79% | |
| 5Y Return (annualized) | +4.27% | +15.20% | |
| Volatility (annualized) | 10.8% | 30.6% | |
| Max Drawdown | -53.0% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 28, 2005 | Mar 10, 1999 |
EVG vs QQQ Performance
Eaton Vance Short Duration Diversified Income Fund (EVG) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVG returned +2.92% while QQQ returned +25.37%. Year to date, EVG is up 3.28% versus a gain of 18.31% for QQQ.
Over three years, EVG compounded at +10.56% per year against +25.79% for QQQ; over five years the annualized figures are +4.27% and +15.20% respectively. Across the full 21-year window we track, QQQ has the edge at +13.10% annualized vs -0.49%. 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 10.8% for EVG. 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 -53.0% for EVG 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVG charges 1.35% per year while QQQ charges 0.18%. On a $10,000 position that is $135 vs $18 annually, a gap of $117 per year that compounds over a long holding period. On income, EVG currently yields 7.99% against 0.41% for QQQ.
Holdings Overlap
EVG and QQQ share 0 holdings out of 350 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, EVG or QQQ?
EVG has an expense ratio of 1.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $117 per year of difference.
Which performed better, EVG or QQQ?
Over the past year EVG returned +2.92% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), EVG annualized -0.49% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 10.8% for EVG. Worst drawdown: EVG -53.0% vs QQQ -83.0%.
Should I hold both EVG and QQQ?
EVG and QQQ have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVG and QQQ?
EVG and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 350 unique securities.
Which pays a higher dividend, EVG or QQQ?
EVG yields 7.99% while QQQ yields 0.41%, so EVG currently pays the higher dividend yield.
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