EVT Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to EVT

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

Symbol	Name	Expense Ratio	AUM	Inception
HTD	John Hancock Tax-Advantaged Dividend Income Fund	0.01%	—	Feb 2004	EVT vs HTD
GDV	The Gabelli Dividend and Income Trust	0.01%	—	Nov 2003	EVT vs GDV
NFJ	Virtus Dividend, Interest and Premium Strategy Fun...	0.02%	—	Feb 2005	EVT vs NFJ
EOD	Wells Fargo Advantage Funds - Allspring Global Div...	0.02%	—	Mar 2007	EVT vs EOD
DHY	Dimensional High Yield Equity Fund	0.04%	—	Jan 2013	EVT vs DHY

Best Risk-Adjusted Alternatives to EVT

EVT has a PortfoliosLab risk / return rank of 63. There are 22 mutual funds in the Dividend category with higher risk-adjusted ranks, going as high as 89.

Symbol	Name	Risk / Return Rank	AUM	Inception
CDDYX	Columbia Dividend Income Fund Institutional 3 Clas...	89	—	Nov 2012	EVT vs CDDYX
VIHAX	Vanguard International High Dividend Yield Index F...	89	20.50B	Mar 2016	EVT vs VIHAX
SVAAX	Federated Hermes Strategic Value Dividend Fund Cla...	88	—	Mar 2005	EVT vs SVAAX
PMAIX	Pioneer Multi-Asset Income Fund A	87	—	Dec 2011	EVT vs PMAIX
OIEJX	JPMorgan Equity Income Fund R6	87	—	Jul 1987	EVT vs OIEJX

Top Performing EVT Alternatives (YTD)

EVT is at 12.44% YTD. There are 14 mutual funds in the Dividend category with higher YTD returns, going as high as 22.25%.

Symbol	Name	YTD Return	AUM	Inception
NFJ	Virtus Dividend, Interest and Premium Strategy Fun...	22.25%	—	Feb 2005	EVT vs NFJ
EOD	Wells Fargo Advantage Funds - Allspring Global Div...	17.65%	—	Mar 2007	EVT vs EOD
FDGFX	Fidelity Dividend Growth Fund	16.67%	—	Apr 1993	EVT vs FDGFX
FDGDX	Fidelity Advisor 529 Dividend Growth Portfolio Cla...	16.20%	—	Apr 2015	EVT vs FDGDX
OIEJX	JPMorgan Equity Income Fund R6	15.51%	—	Jul 1987	EVT vs OIEJX

Lowest Volatility Alternatives to EVT

EVT has 12.47% 1-year volatility. There are 27 mutual funds in the Dividend category with lower 1-year volatility, going as low as 5.94%.

Symbol	Name	Volatility 1Y	AUM	Inception
PMAIX	Pioneer Multi-Asset Income Fund A	5.94%	—	Dec 2011	EVT vs PMAIX
AMECX	American Funds The Income Fund of America Class A	7.41%	—	Dec 1973	EVT vs AMECX
CAIFX	American Funds Capital Income Builder Fund Class F...	8.20%	—	Jul 1987	EVT vs CAIFX
JEPAX	JPMorgan Equity Premium Income Fund Class A	8.76%	—	Aug 2018	EVT vs JEPAX
PDT	John Hancock Premium Dividend Fund	8.97%	—	Dec 1989	EVT vs PDT

Lowest Drawdown Alternatives to EVT

EVT has a 1-year max drawdown of -9.22%. There are 25 mutual funds in the Dividend category with shallower 1-year drawdowns, going as shallow as -4.07%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
PMAIX	Pioneer Multi-Asset Income Fund A	-4.07%	—	Dec 2011	EVT vs PMAIX
SVAAX	Federated Hermes Strategic Value Dividend Fund Cla...	-4.71%	—	Mar 2005	EVT vs SVAAX
PDT	John Hancock Premium Dividend Fund	-5.38%	—	Dec 1989	EVT vs PDT
CDDYX	Columbia Dividend Income Fund Institutional 3 Clas...	-5.51%	—	Nov 2012	EVT vs CDDYX
AMECX	American Funds The Income Fund of America Class A	-6.13%	—	Dec 1973	EVT vs AMECX

Other Mutual Funds from Eaton Vance

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	26	4.22%	—	Jan 2004	EVT vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.21%	—	Aug 2010	EVT vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	41	6.96%	—	Feb 2007	EVT vs EXG
EOI	Eaton Vance Enhanced Equity Income Fund	Large Cap Blend Equities	7	2.04%	—	Oct 2004	EVT vs EOI
EADOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.17%	—	Sep 2015	EVT vs EADOX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	4	-0.90%	—	Nov 2006	EVT vs ETY
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	95	2.78%	—	Apr 2009	EVT vs ESIIX
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	90	1.90%	—	Oct 2011	EVT vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.23%	—	Feb 2013	EVT vs EELDX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	81	1.81%	—	Jun 1993	EVT vs EIMAX

Often Compared With EVT

Investors most often compare EVT with ETV, ADX, BGR. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETV	Eaton Vance Tax-Managed Buy-Write Opportunities Fu...		83	9.78%	—	—	EVT vs ETV
ADX	Adams Diversified Equity Fund, Inc.	Large Cap Blend Equities	83	16.90%	—	Jan 1990	EVT vs ADX
BGR	BlackRock Energy and Resources Trust		81	22.79%	—	—	EVT vs BGR
FCEF	First Trust CEF Income Opportunity ETF	Diversified Portfolio	66	8.11%	80.48M	Sep 2016	EVT vs FCEF
OIEIX	JPMorgan Equity Income Fund Class A	Dividend	85	15.20%	—	—	EVT vs OIEIX
PDO	PIMCO Dynamic Income Opportunities Fund		70	1.71%	—	—	EVT vs PDO
AMINX	Amana Income Fund Institutional Class	Dividend	38	11.32%	—	Sep 2013	EVT vs AMINX
BND	Vanguard Total Bond Market ETF	Total Bond Market	36	0.26%	394.40B	Apr 2007	EVT vs BND
GSPAX	Goldman Sachs U.S. Equity Dividend and Premium Fun...	Dividend	78	11.59%	—	Aug 2010	EVT vs GSPAX
GPIX	Goldman Sachs S&P 500 Premium Income ETF	Derivative Income, S&P 500	76	10.39%	4.77B	Oct 2023	EVT vs GPIX
DHS	WisdomTree US High Dividend Fund	Large Cap Value Equities, Dividend	87	16.74%	1.52B	Jun 2006	EVT vs DHS
VHYAX	Vanguard High Dividend Yield Index Fund Admiral Sh...	Large Cap Value Equities, Dividend	85	12.93%	96.10B	Feb 2019	EVT vs VHYAX
VDIGX	Vanguard Dividend Growth Fund	Dividend, Large Cap Blend Equities	21	4.35%	36.40B	May 1992	EVT vs VDIGX
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	46	13.60%	3.29B	Oct 2012	EVT vs SPHD
USA	Liberty All-Star Equity Fund		34	0.39%	—	—	EVT vs USA
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	56	7.62%	—	Sep 2011	EVT vs EIRAX
EPDPX	EuroPac International Dividend Income Fund Class A	Foreign Large Cap Equities, Dividend	76	6.86%	—	Jan 2014	EVT vs EPDPX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	67	5.08%	—	Jun 2007	EVT vs EEIAX
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	2	1.36%	—	Apr 2002	EVT vs EISMX
UTG	Reaves Utility Income Trust		70	12.60%	—	—	EVT vs UTG

Compare EVT with Any Fund or Stock

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

Symbol name

Diversifiers

Pair EVT with funds that move differently

Eaton Vance Tax-Advantaged Dividend Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVT.

Explore EVT Diversifiers

Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) Alternatives