EVT vs IVV
Eaton Vance Tax-Advantaged Dividend Income Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EVT delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | EVT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.59% | 0.03% | |
| AUM | $1.8B | $907.0B | |
| Dividend Yield | 6.48% | 1.10% | |
| Holdings | 152 | 508 | |
| YTD Return | +21.14% | +13.22% | |
| 1Y Return | +30.49% | +21.62% | |
| 3Y Return (annualized) | +18.20% | +22.17% | |
| 5Y Return (annualized) | +9.27% | +13.42% | |
| Volatility (annualized) | 20.8% | 15.1% | |
| Max Drawdown | -77.9% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 30, 2003 | May 15, 2000 |
EVT vs IVV Performance
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) 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 EVT returned +30.49% while IVV returned +21.62%. Year to date, EVT is up 21.14% versus a gain of 13.22% for IVV.
Over three years, EVT compounded at +18.20% per year against +22.17% for IVV; over five years the annualized figures are +9.27% and +13.42% respectively. Across the full 23-year window we track, IVV has the edge at +7.02% annualized vs +3.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EVT has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 15.1% for IVV. 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 -77.9% for EVT 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVT charges 1.59% per year while IVV charges 0.03%. On a $10,000 position that is $159 vs $3 annually, a gap of $156 per year that compounds over a long holding period. On income, EVT currently yields 6.48% against 1.10% for IVV.
Holdings Overlap
EVT and IVV share 63 holdings out of 561 unique holdings combined, representing a 21.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVT or IVV?
EVT has an expense ratio of 1.59% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $156 per year of difference.
Which performed better, EVT or IVV?
Over the past year EVT returned +30.49% vs +21.62% for IVV, so EVT leads on 1-year performance. Over the longest common window we track (23 years), EVT annualized +3.57% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, EVT or IVV?
EVT has been the more volatile fund at 20.8% annualized versus 15.1% for IVV. Worst drawdown: EVT -77.9% vs IVV -56.5%.
Should I hold both EVT and IVV?
EVT and IVV have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVT and IVV?
EVT and IVV share 63 common holdings with a 21.3% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, EVT or IVV?
EVT yields 6.48% while IVV yields 1.10%, so EVT currently pays the higher dividend yield.
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