EOS vs. SPY
Compare and contrast key facts about Eaton Vance Enhanced Equity Income Fund II (EOS) and State Street SPDR S&P 500 ETF (SPY).
EOS is an actively managed fund by Eaton Vance. It was launched on Jan 26, 2005. 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
EOS vs. SPY - Performance Comparison
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EOS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EOS Eaton Vance Enhanced Equity Income Fund II | -10.77% | 5.77% | 38.69% | 22.59% | -26.50% | 20.30% | 29.45% | 30.32% | 2.77% | 27.89% |
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, EOS achieves a -10.77% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, EOS has underperformed SPY with an annualized return of 12.63%, while SPY has yielded a comparatively higher 13.98% annualized return.
EOS
- 1D
- 5.19%
- 1M
- -6.29%
- YTD
- -10.77%
- 6M
- -10.96%
- 1Y
- 5.04%
- 3Y*
- 16.62%
- 5Y*
- 6.83%
- 10Y*
- 12.63%
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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EOS vs. SPY - Expense Ratio Comparison
EOS has a 1.09% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
EOS vs. SPY — Risk / Return Rank
EOS
SPY
EOS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Enhanced Equity Income Fund II (EOS) 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.
| EOS | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.93 | -0.69 |
Sortino ratioReturn per unit of downside risk | 0.51 | 1.45 | -0.94 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.53 | -1.20 |
Martin ratioReturn relative to average drawdown | 1.09 | 7.30 | -6.20 |
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
| EOS | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.93 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.69 | -0.34 |
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 EOS 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
EOS vs. SPY - Dividend Comparison
EOS's dividend yield for the trailing twelve months is around 8.93%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOS Eaton Vance Enhanced Equity Income Fund II | 8.93% | 7.81% | 7.17% | 7.38% | 9.69% | 5.60% | 5.01% | 6.65% | 7.16% | 6.90% | 8.20% | 7.70% |
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
EOS vs. SPY - Drawdown Comparison
The maximum EOS drawdown since its inception was -55.74%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EOS and SPY.
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Drawdown Indicators
| EOS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.74% | -55.19% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -17.12% | -12.05% | -5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | -24.50% | -9.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | -33.72% | -7.40% |
Current DrawdownCurrent decline from peak | -12.81% | -6.24% | -6.57% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -9.09% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 2.52% | +2.54% |
Volatility
EOS vs. SPY - Volatility Comparison
Eaton Vance Enhanced Equity Income Fund II (EOS) has a higher volatility of 7.56% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that EOS'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
| EOS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 5.31% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 9.47% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.34% | 19.05% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 17.06% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 17.92% | +2.73% |