EVG vs VOO
Eaton Vance Short Duration Diversified Income Fund 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 505 holdings.
Side-by-Side Comparison
| Metric | EVG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.03% | |
| AUM | $442M | $979.0B | |
| Dividend Yield | 7.99% | 1.09% | |
| Holdings | 740 | 509 | |
| YTD Return | +2.13% | +13.79% | |
| 1Y Return | +1.77% | +23.01% | |
| 3Y Return (annualized) | +10.35% | +21.78% | |
| 5Y Return (annualized) | +4.02% | +13.39% | |
| Volatility (annualized) | 10.8% | 14.1% | |
| Max Drawdown | -53.0% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 28, 2005 | Sep 7, 2010 |
EVG vs VOO Performance
Eaton Vance Short Duration Diversified Income Fund (EVG) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVG returned +1.77% while VOO returned +23.01%. Year to date, EVG is up 2.13% versus a gain of 13.79% for VOO.
Over three years, EVG compounded at +10.35% per year against +21.78% for VOO; over five years the annualized figures are +4.02% and +13.39% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% annualized vs -0.54%. 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 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 -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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVG charges 1.35% per year while VOO charges 0.03%. On a $10,000 position that is $135 vs $3 annually, a gap of $132 per year that compounds over a long holding period. On income, EVG currently yields 7.99% against 1.09% for VOO.
Holdings Overlap
EVG and VOO share 0 holdings out of 752 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 VOO?
EVG has an expense ratio of 1.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, EVG or VOO?
Over the past year EVG returned +1.77% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EVG annualized -0.54% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, EVG or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 10.8% for EVG. Worst drawdown: EVG -53.0% vs VOO -34.3%.
Should I hold both EVG and VOO?
EVG and VOO 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 EVG and VOO?
EVG and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 752 unique securities.
Which pays a higher dividend, EVG or VOO?
EVG yields 7.99% while VOO yields 1.09%, so EVG currently pays the higher dividend yield.
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