EOI vs. EVV
EOI (Eaton Vance Enhanced Equity Income Fund) and EVV (Eaton Vance Limited Duration Income Fund) are both mutual funds - EOI is a Derivative Income fund managed by Eaton Vance, while EVV is a Short-Term Bond fund managed by Eaton Vance. Over the past 10 years, EOI returned 12.42%/yr vs 5.10%/yr for EVV. Their 0.39 correlation means their historical movements had little consistent relationship. EOI charges 0.01%/yr vs 0.04%/yr for EVV.
Performance
EOI vs. EVV - Performance Comparison
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Returns By Period
In the year-to-date period, EOI achieves a 0.77% return, which is significantly higher than EVV's -3.21% return. Over the past 10 years, EOI has outperformed EVV with an annualized return of 12.42%, while EVV has yielded a comparatively lower 5.10% annualized return.
EOI
- 1D
- 0.66%
- 1M
- 0.77%
- 6M
- -1.84%
- YTD
- 0.77%
- 1Y
- 3.69%
- 3Y*
- 14.63%
- 5Y*
- 9.64%
- 10Y*
- 12.42%
- ALL TIME*
- 8.76%
EVV
- 1D
- 0.00%
- 1M
- -2.45%
- 6M
- -3.53%
- YTD
- -3.21%
- 1Y
- -0.82%
- 3Y*
- 8.30%
- 5Y*
- 2.31%
- 10Y*
- 5.10%
- ALL TIME*
- 5.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $1.21M | $1.34M | |
| $3.59M | $3.99M | $3.68M |
EOI vs. EVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EOI Eaton Vance Enhanced Equity Income Fund | 0.77% | 7.21% | 35.73% | 20.67% | -19.78% | 32.93% | 9.59% | 31.97% | -4.26% | 26.31% |
EVV Eaton Vance Limited Duration Income Fund | -3.21% | 10.72% | 12.22% | 13.33% | -19.94% | 14.66% | 4.67% | 18.91% | -5.53% | 6.77% |
Correlation
The correlation between EOI and EVV is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2004 | 0.39 |
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Return for Risk
EOI vs. EVV — Risk / Return Rank
EOI
EVV
EOI vs. EVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Enhanced Equity Income Fund (EOI) and Eaton Vance Limited Duration Income Fund (EVV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EOI | EVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.98 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.18 | +0.34 |
| Martin ratioReturn relative to average drawdown | 0.52 | -0.51 | +1.02 |
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Drawdowns
EOI vs. EVV - Drawdown Comparison
The maximum EOI drawdown since its inception was -53.72%, roughly equal to the maximum EVV drawdown of -51.37%. Use the drawdown chart below to compare losses from any high point for EOI and EVV.
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Drawdown Indicators
| EOI | EVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.72% | -51.37% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.52% | -8.65% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -23.15% | -9.53% | -13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.82% | -25.91% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -40.01% | -40.42% | +0.41% |
Current DrawdownCurrent decline from peak | -1.84% | -5.00% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -6.29% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 3.00% | +0.99% |
Volatility
EOI vs. EVV - Volatility Comparison
Eaton Vance Enhanced Equity Income Fund (EOI) has a higher volatility of 3.95% compared to Eaton Vance Limited Duration Income Fund (EVV) at 1.99%. This indicates that EOI's price experiences larger fluctuations and is considered to be riskier than EVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EOI | EVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 1.99% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 7.47% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 8.93% | +4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 12.59% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 15.39% | +4.52% |
EOI vs. EVV - Expense Ratio Comparison
EOI has a 0.01% expense ratio, which is lower than EVV's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EOI vs. EVV - Dividend Comparison
EOI's dividend yield for the trailing twelve months is around 8.12%, less than EVV's 9.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOI Eaton Vance Enhanced Equity Income Fund | 8.12% | 7.81% | 7.38% | 7.93% | 8.80% | 5.83% | 6.66% | 6.78% | 8.01% | 7.15% | 8.36% | 7.73% |
EVV Eaton Vance Limited Duration Income Fund | 9.55% | 8.86% | 9.78% | 10.43% | 12.78% | 9.16% | 9.58% | 6.42% | 8.44% | 7.22% | 8.46% | 9.56% |
Frequently Asked Questions
EOI and EVV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EOI has higher volatility (3.95%) compared to EVV (1.99%). In terms of maximum drawdown, EOI dropped -53.72% vs EVV's -51.37%.
EOI currently has the higher Sharpe Ratio (0.15 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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