EVT vs VOO
Eaton Vance Tax-Advantaged Dividend Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. EVT delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | EVT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.59% | 0.03% | |
| AUM | $1.8B | $997.4B | |
| Dividend Yield | 6.48% | 1.08% | |
| Holdings | 152 | 509 | |
| YTD Return | +21.68% | +12.95% | |
| 1Y Return | +31.57% | +20.69% | |
| 3Y Return (annualized) | +18.40% | +22.09% | |
| 5Y Return (annualized) | +9.20% | +13.40% | |
| Volatility (annualized) | 20.8% | 14.1% | |
| Max Drawdown | -77.9% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 30, 2003 | Sep 7, 2010 |
EVT vs VOO Performance
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVT returned +31.57% while VOO returned +20.69%. Year to date, EVT is up 21.68% versus a gain of 12.95% for VOO.
Over three years, EVT compounded at +18.40% per year against +22.09% for VOO; over five years the annualized figures are +9.20% and +13.40% respectively. Across the full 16-year window we track, VOO has the edge at +13.50% annualized vs +3.59%. 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 14.1% for VOO. 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 -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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVT charges 1.59% per year while VOO 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 1.08% for VOO.
Holdings Overlap
EVT and VOO share 64 holdings out of 560 unique holdings combined, representing a 21.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVT or VOO?
EVT has an expense ratio of 1.59% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $156 per year of difference.
Which performed better, EVT or VOO?
Over the past year EVT returned +31.57% vs +20.69% for VOO, so EVT leads on 1-year performance. Over the longest common window we track (16 years), EVT annualized +3.59% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, EVT or VOO?
EVT has been the more volatile fund at 20.8% annualized versus 14.1% for VOO. Worst drawdown: EVT -77.9% vs VOO -34.3%.
Should I hold both EVT and VOO?
EVT and VOO have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVT and VOO?
EVT and VOO share 64 common holdings with a 21.4% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, EVT or VOO?
EVT yields 6.48% while VOO yields 1.08%, so EVT currently pays the higher dividend yield.
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