EHSTX vs. SPY
Compare and contrast key facts about Eaton Vance Large-Cap Value Fund (EHSTX) and State Street SPDR S&P 500 ETF (SPY).
EHSTX is managed by Eaton Vance. It was launched on Sep 23, 1931. 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.
Performance
EHSTX vs. SPY - Performance Comparison
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EHSTX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHSTX Eaton Vance Large-Cap Value Fund | -1.54% | 12.11% | 11.25% | 7.93% | -2.80% | 24.25% | 2.29% | 30.84% | -6.96% | 14.79% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, EHSTX achieves a -1.54% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, EHSTX has underperformed SPY with an annualized return of 9.60%, while SPY has yielded a comparatively higher 13.98% annualized return.
EHSTX
- 1D
- -0.45%
- 1M
- -8.06%
- YTD
- -1.54%
- 6M
- 2.60%
- 1Y
- 9.16%
- 3Y*
- 10.32%
- 5Y*
- 7.60%
- 10Y*
- 9.60%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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EHSTX vs. SPY - Expense Ratio Comparison
EHSTX has a 1.01% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
EHSTX vs. SPY — Risk / Return Rank
EHSTX
SPY
EHSTX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Large-Cap Value Fund (EHSTX) and State Street 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.
| EHSTX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.93 | -0.28 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.45 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.53 | -0.77 |
Martin ratioReturn relative to average drawdown | 3.13 | 7.30 | -4.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EHSTX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.93 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.69 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.78 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.56 | -0.05 |
Correlation
The correlation between EHSTX and SPY is 0.88, 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.
Dividends
EHSTX vs. SPY - Dividend Comparison
EHSTX's dividend yield for the trailing twelve months is around 6.18%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHSTX Eaton Vance Large-Cap Value Fund | 6.18% | 6.12% | 4.03% | 2.93% | 4.25% | 7.32% | 1.94% | 2.76% | 10.94% | 5.88% | 1.33% | 11.02% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
EHSTX vs. SPY - Drawdown Comparison
The maximum EHSTX drawdown since its inception was -53.47%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EHSTX and SPY.
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Drawdown Indicators
| EHSTX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.47% | -55.19% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.79% | -12.05% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -24.50% | +8.06% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -33.72% | -5.58% |
Current DrawdownCurrent decline from peak | -8.29% | -6.24% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -9.09% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.52% | +0.31% |
Volatility
EHSTX vs. SPY - Volatility Comparison
The current volatility for Eaton Vance Large-Cap Value Fund (EHSTX) is 3.86%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that EHSTX 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.
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Volatility by Period
| EHSTX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 5.31% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 9.47% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 19.05% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.68% | 17.06% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 17.92% | -0.66% |