EAEAX vs. SPY
Compare and contrast key facts about Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) and SPDR S&P 500 ETF (SPY).
EAEAX is managed by Blackrock. It was launched on Mar 3, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EAEAX or SPY.
Correlation
The correlation between EAEAX and SPY is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EAEAX vs. SPY - Performance Comparison
Key characteristics
EAEAX:
1.55
SPY:
1.91
EAEAX:
2.13
SPY:
2.57
EAEAX:
1.29
SPY:
1.35
EAEAX:
2.40
SPY:
2.88
EAEAX:
8.36
SPY:
11.96
EAEAX:
2.11%
SPY:
2.03%
EAEAX:
11.43%
SPY:
12.68%
EAEAX:
-57.02%
SPY:
-55.19%
EAEAX:
-1.11%
SPY:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with EAEAX having a 4.20% return and SPY slightly higher at 4.34%. Over the past 10 years, EAEAX has underperformed SPY with an annualized return of 8.40%, while SPY has yielded a comparatively higher 13.21% annualized return.
EAEAX
4.20%
1.96%
6.59%
17.34%
9.75%
8.40%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EAEAX vs. SPY - Expense Ratio Comparison
EAEAX has a 1.25% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EAEAX vs. SPY — Risk-Adjusted Performance Rank
EAEAX
SPY
EAEAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
EAEAX vs. SPY - Dividend Comparison
EAEAX's dividend yield for the trailing twelve months is around 0.10%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAEAX Eaton Vance Tax-Managed Equity Asset Allocation Fund | 0.10% | 0.11% | 0.53% | 0.56% | 0.33% | 0.57% | 0.66% | 0.88% | 0.85% | 0.93% | 0.75% | 0.60% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EAEAX vs. SPY - Drawdown Comparison
The maximum EAEAX drawdown since its inception was -57.02%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EAEAX and SPY. For additional features, visit the drawdowns tool.
Volatility
EAEAX vs. SPY - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) is 2.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.13%. This indicates that EAEAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.