EVT vs VTI
Eaton Vance Tax-Advantaged Dividend Income Fund vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. EVT delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | EVT | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.59% | 0.03% | |
| AUM | $1.8B | $666.9B | |
| Dividend Yield | 6.48% | 1.07% | |
| Holdings | 152 | 3,543 | |
| YTD Return | +21.58% | +14.82% | |
| 1Y Return | +31.32% | +22.43% | |
| 3Y Return (annualized) | +17.91% | +21.93% | |
| 5Y Return (annualized) | +8.58% | +12.34% | |
| Volatility (annualized) | 20.8% | 15.4% | |
| Max Drawdown | -77.9% | -56.6% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 30, 2003 | May 24, 2001 |
EVT vs VTI Performance
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is a ETF from Eaton Vance and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year EVT returned +31.32% while VTI returned +22.43%. Year to date, EVT is up 21.58% versus a gain of 14.82% for VTI.
Over three years, EVT compounded at +17.91% per year against +21.93% for VTI; over five years the annualized figures are +8.58% and +12.34% respectively. Across the full 23-year window we track, VTI has the edge at +8.16% 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 15.4% for VTI. 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 -56.6% for VTI. 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 VTI 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 1.07% for VTI.
Holdings Overlap
EVT and VTI share 72 holdings out of 2834 unique holdings combined, representing a 19.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVT or VTI?
EVT has an expense ratio of 1.59% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $156 per year of difference.
Which performed better, EVT or VTI?
Over the past year EVT returned +31.32% vs +22.43% for VTI, so EVT leads on 1-year performance. Over the longest common window we track (23 years), EVT annualized +3.59% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, EVT or VTI?
EVT has been the more volatile fund at 20.8% annualized versus 15.4% for VTI. Worst drawdown: EVT -77.9% vs VTI -56.6%.
Should I hold both EVT and VTI?
EVT and VTI 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 VTI?
EVT and VTI share 72 common holdings with a 19.9% weight overlap. Combined, they hold 2834 unique securities.
Which pays a higher dividend, EVT or VTI?
EVT yields 6.48% while VTI yields 1.07%, so EVT currently pays the higher dividend yield.
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