EOI Alternatives & Similar Mutual Funds

Eaton Vance Enhanced Equity Income Fund (EOI) belongs to the Derivative Income category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EOI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EOI

EOI charges 0.01% annually. No mutual funds in the Derivative Income category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
IAE	Voya Asia Pacific High Dividend Equity Income Fund	0.02%	—	Mar 2007	EOI vs IAE
USG	USCF Gold Strategy Plus Income Fund	0.45%	8.86M	Nov 2021	EOI vs USG
JEPIX	JPMorgan Equity Premium Income Fund Class I	0.59%	—	Aug 2018	EOI vs JEPIX
EQTIX	Shelton Equity Income Fund	0.72%	—	Sep 1996	EOI vs EQTIX
ENHNX	Cullen Enhanced Equity Income Fund	0.75%	—	Dec 2015	EOI vs ENHNX

Best Risk-Adjusted Alternatives to EOI

EOI has a PortfoliosLab risk / return rank of 7. There are 23 mutual funds in the Derivative Income category with higher risk-adjusted ranks, going as high as 83.

Symbol	Name	Risk / Return Rank	AUM	Inception
TCBIX	The Covered Bridge Fund	83	—	Sep 2013	EOI vs TCBIX
GIDHX	Goldman Sachs International Equity Dividend and Pr...	80	—	Jan 2008	EOI vs GIDHX
BMCIX	BlackRock High Equity Income Fund	78	—	Apr 1998	EOI vs BMCIX
BMEAX	BlackRock High Equity Income Fund Class A	76	—	May 1998	EOI vs BMEAX
BDJ	BlackRock Enhanced Equity Dividend Trust	64	—	Aug 2005	EOI vs BDJ

Top Performing EOI Alternatives (YTD)

EOI is at 0.77% YTD. There are 22 mutual funds in the Derivative Income category with higher YTD returns, going as high as 23.01%.

Symbol	Name	YTD Return	AUM	Inception
IAE	Voya Asia Pacific High Dividend Equity Income Fund	23.01%	—	Mar 2007	EOI vs IAE
GIDHX	Goldman Sachs International Equity Dividend and Pr...	13.24%	—	Jan 2008	EOI vs GIDHX
BMCIX	BlackRock High Equity Income Fund	12.22%	—	Apr 1998	EOI vs BMCIX
BMEAX	BlackRock High Equity Income Fund Class A	12.09%	—	May 1998	EOI vs BMEAX
ENHNX	Cullen Enhanced Equity Income Fund	12.04%	—	Dec 2015	EOI vs ENHNX

Lowest Volatility Alternatives to EOI

EOI has 13.64% 1-year volatility. There are 15 mutual funds in the Derivative Income category with lower 1-year volatility, going as low as 8.80%.

Symbol	Name	Volatility 1Y	AUM	Inception
TCBIX	The Covered Bridge Fund	8.80%	—	Sep 2013	EOI vs TCBIX
JEPIX	JPMorgan Equity Premium Income Fund Class I	8.85%	—	Aug 2018	EOI vs JEPIX
JEPAX	JPMorgan Equity Premium Income Fund Class A	8.92%	—	Aug 2018	EOI vs JEPAX
SCJIX	Crossmark Steward Covered Call Income Fund	9.28%	—	Dec 2017	EOI vs SCJIX
MENYX	Madison Covered Call & Equity Income Fund	9.52%	—	Oct 2009	EOI vs MENYX

Lowest Drawdown Alternatives to EOI

EOI has a 1-year max drawdown of -12.52%. There are 18 mutual funds in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -5.26%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TCBIX	The Covered Bridge Fund	-5.26%	—	Sep 2013	EOI vs TCBIX
ENHNX	Cullen Enhanced Equity Income Fund	-6.34%	—	Dec 2015	EOI vs ENHNX
SCAUX	Invesco Income Advantage U.S. Fund	-7.05%	—	Mar 2006	EOI vs SCAUX
EQTIX	Shelton Equity Income Fund	-7.10%	—	Sep 1996	EOI vs EQTIX
JEPAX	JPMorgan Equity Premium Income Fund Class A	-7.41%	—	Aug 2018	EOI vs JEPAX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	46	6.39%	—	Jan 2004	EOI vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.64%	—	Aug 2010	EOI vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	57	7.73%	—	Feb 2007	EOI vs EXG
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	94	2.48%	—	Apr 2009	EOI vs ESIIX
EADOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.35%	—	Sep 2015	EOI vs EADOX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Derivative Income, Dividend, Large Cap Growth Equities	4	-1.59%	—	Nov 2006	EOI vs ETY
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	90	1.59%	—	Oct 2011	EOI vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.44%	—	Feb 2013	EOI vs EELDX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	78	0.38%	—	Jun 1993	EOI vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	55	6.16%	—	Sep 2011	EOI vs EIRAX

Often Compared With EOI

Investors most often compare EOI with EOS, SPYI, AGRDX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EOS	Eaton Vance Enhanced Equity Income Fund II	Derivative Income	2	-4.66%	—	Jan 2005	EOI vs EOS
SPYI	NEOS S&P 500 High Income ETF	Derivative Income, S&P 500	72	7.96%	11.05B	Aug 2022	EOI vs SPYI
AGRDX	JPMorgan Research Enhanced Equity Fund Class R6	Large Cap Blend Equities	12	1.10%	—	Mar 2016	EOI vs AGRDX
SPY	State Street SPDR S&P 500 ETF	S&P 500	67	10.13%	789.06B	Jan 1993	EOI vs SPY
JUESX	JPMorgan US Equity Fund Class I	Large Cap Blend Equities	16	2.98%	—	—	EOI vs JUESX
XYLD	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	93	8.05%	3.24B	Jun 2013	EOI vs XYLD
DMB	Dimensional Multi-Blend Fund	Large Cap Blend Equities	35	-1.46%	—	Jan 2013	EOI vs DMB
ADX	Adams Diversified Equity Fund, Inc.	Large Cap Blend Equities	83	16.11%	—	Jan 1990	EOI vs ADX
CRQSX	Catholic Responsible Investments Equity Index Fund	Large Cap Blend Equities	49	8.98%	—	Dec 2021	EOI vs CRQSX
JEQP.L	JPM Nasdaq Equity Premium Income Active UCITS ETF ...	Nasdaq-100, Derivative Income	51	4.98%	—	Oct 2024	EOI vs JEQP.L
VOO	Vanguard S&P 500 ETF	S&P 500	68	10.16%	1.70T	Sep 2010	EOI vs VOO
ETJ	Eaton Vance Risk-Managed Diversified Equity Income...	Global Equity Income	7	0.82%	—	Jul 2007	EOI vs ETJ
FUNFX	American Funds Fundamental Investors® Class F-3	Large Cap Blend Equities	64	12.31%	—	Aug 2008	EOI vs FUNFX
EVV	Eaton Vance Limited Duration Income Fund	Short-Term Bond	3	-3.21%	—	May 2003	EOI vs EVV
NAC	Nuveen California Quality Municipal Income Fund	Municipal Bonds	82	3.55%	—	Dec 1998	EOI vs NAC
VFFSX	Vanguard 500 Index Fund Institutional Select Share...	Large Cap Blend Equities	63	9.35%	—	—	EOI vs VFFSX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	87	17.25%	—	Sep 1931	EOI vs EHSTX
POGSX	Pin Oak Equity	Large Cap Blend Equities	90	18.29%	—	Aug 1992	EOI vs POGSX
GQEIX	GQG Partners US Select Quality Equity Fund	Quality Factor, Large Cap Blend Equities	15	5.88%	—	Sep 2018	EOI vs GQEIX
RCKSX	Rock Oak Core Growth Fund	Large Cap Blend Equities	89	20.84%	—	Dec 2004	EOI vs RCKSX

Compare EOI with Any Fund or Stock

Compare EOI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair EOI with funds that move differently

Eaton Vance Enhanced Equity Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EOI.

Explore EOI Diversifiers

Eaton Vance Enhanced Equity Income Fund (EOI) Alternatives