EVT vs QQQ
Eaton Vance Tax-Advantaged Dividend Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. EVT delivered stronger 1-year returns. EVT offers more diversification with 152 holdings.
Side-by-Side Comparison
| Metric | EVT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.59% | 0.18% | |
| AUM | $1.8B | $496.3B | |
| Dividend Yield | 6.48% | 0.44% | |
| Holdings | 152 | 108 | |
| YTD Return | +21.14% | +17.07% | |
| 1Y Return | +30.49% | +26.39% | |
| 3Y Return (annualized) | +18.20% | +26.08% | |
| 5Y Return (annualized) | +9.27% | +15.18% | |
| Volatility (annualized) | 20.8% | 30.6% | |
| Max Drawdown | -77.9% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 30, 2003 | Mar 10, 1999 |
EVT vs QQQ Performance
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVT returned +30.49% while QQQ returned +26.39%. Year to date, EVT is up 21.14% versus a gain of 17.07% for QQQ.
Over three years, EVT compounded at +18.20% per year against +26.08% for QQQ; over five years the annualized figures are +9.27% and +15.18% respectively. Across the full 23-year window we track, QQQ has the edge at +13.05% annualized vs +3.57%. 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 20.8% for EVT. 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 -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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVT charges 1.59% per year while QQQ charges 0.18%. On a $10,000 position that is $159 vs $18 annually, a gap of $141 per year that compounds over a long holding period. On income, EVT currently yields 6.48% against 0.44% for QQQ.
Holdings Overlap
EVT and QQQ share 14 holdings out of 207 unique holdings combined, representing a 16.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVT or QQQ?
EVT has an expense ratio of 1.59% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $141 per year of difference.
Which performed better, EVT or QQQ?
Over the past year EVT returned +30.49% vs +26.39% for QQQ, so EVT leads on 1-year performance. Over the longest common window we track (23 years), EVT annualized +3.57% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.8% for EVT. Worst drawdown: EVT -77.9% vs QQQ -83.0%.
Should I hold both EVT and QQQ?
EVT and QQQ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVT and QQQ?
EVT and QQQ share 14 common holdings with a 16.6% weight overlap. Combined, they hold 207 unique securities.
Which pays a higher dividend, EVT or QQQ?
EVT yields 6.48% while QQQ yields 0.44%, so EVT currently pays the higher dividend yield.
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