EOI vs. SPY
Compare and contrast key facts about Eaton Vance Enhanced Equity Income Fund (EOI) and State Street SPDR S&P 500 ETF (SPY).
EOI is managed by Eaton Vance. It was launched on Oct 29, 2004. 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
EOI vs. SPY - Performance Comparison
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EOI vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EOI Eaton Vance Enhanced Equity Income Fund | -6.83% | 7.21% | 35.73% | 20.67% | -19.78% | 32.93% | 9.59% | 31.97% | -4.26% | 26.31% |
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, EOI achieves a -6.83% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, EOI has underperformed SPY with an annualized return of 12.16%, while SPY has yielded a comparatively higher 13.98% annualized return.
EOI
- 1D
- 3.59%
- 1M
- -7.58%
- YTD
- -6.83%
- 6M
- -6.93%
- 1Y
- 8.39%
- 3Y*
- 16.26%
- 5Y*
- 10.36%
- 10Y*
- 12.16%
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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EOI vs. SPY - Expense Ratio Comparison
EOI has a 0.01% expense ratio, which is lower than SPY's 0.09% 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%.
Return for Risk
EOI vs. SPY — Risk / Return Rank
EOI
SPY
EOI vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Enhanced Equity Income Fund (EOI) 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.
| EOI | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.93 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.74 | 1.45 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.53 | -0.87 |
Martin ratioReturn relative to average drawdown | 2.24 | 7.30 | -5.06 |
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
| EOI | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.93 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.69 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.78 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.56 | -0.15 |
Correlation
The correlation between EOI and SPY is 0.71, 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
EOI vs. SPY - Dividend Comparison
EOI's dividend yield for the trailing twelve months is around 8.55%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOI Eaton Vance Enhanced Equity Income Fund | 8.55% | 7.81% | 7.38% | 7.93% | 8.80% | 5.83% | 6.66% | 6.78% | 8.01% | 7.15% | 8.36% | 7.73% |
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
EOI vs. SPY - Drawdown Comparison
The maximum EOI drawdown since its inception was -53.72%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EOI and SPY.
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Drawdown Indicators
| EOI | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.72% | -55.19% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -12.05% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.82% | -24.50% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -40.01% | -33.72% | -6.29% |
Current DrawdownCurrent decline from peak | -9.24% | -6.24% | -3.00% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -9.09% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.52% | +1.33% |
Volatility
EOI vs. SPY - Volatility Comparison
Eaton Vance Enhanced Equity Income Fund (EOI) has a higher volatility of 6.49% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that EOI's price experiences larger fluctuations and is considered to be riskier 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
| EOI | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 5.31% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 9.47% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.15% | 19.05% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 17.06% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.87% | 17.92% | +1.95% |