EVIFX vs. SPY
Compare and contrast key facts about Eaton Vance Balanced Fund (EVIFX) and SPDR S&P 500 ETF (SPY).
EVIFX is managed by Eaton Vance. It was launched on Apr 1, 1932. 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: EVIFX or SPY.
Correlation
The correlation between EVIFX 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.
Performance
EVIFX vs. SPY - Performance Comparison
Key characteristics
EVIFX:
1.11
SPY:
1.72
EVIFX:
1.47
SPY:
2.33
EVIFX:
1.22
SPY:
1.32
EVIFX:
1.19
SPY:
2.61
EVIFX:
4.37
SPY:
10.82
EVIFX:
2.63%
SPY:
2.03%
EVIFX:
10.35%
SPY:
12.75%
EVIFX:
-45.34%
SPY:
-55.19%
EVIFX:
-4.69%
SPY:
-1.05%
Returns By Period
In the year-to-date period, EVIFX achieves a 2.21% return, which is significantly lower than SPY's 2.95% return. Over the past 10 years, EVIFX has underperformed SPY with an annualized return of 4.81%, while SPY has yielded a comparatively higher 13.13% annualized return.
EVIFX
2.21%
3.17%
2.01%
12.94%
4.69%
4.81%
SPY
2.95%
3.78%
11.68%
23.68%
14.09%
13.13%
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EVIFX vs. SPY - Expense Ratio Comparison
EVIFX has a 0.97% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EVIFX vs. SPY — Risk-Adjusted Performance Rank
EVIFX
SPY
EVIFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Balanced Fund (EVIFX) 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
EVIFX vs. SPY - Dividend Comparison
EVIFX's dividend yield for the trailing twelve months is around 1.28%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVIFX Eaton Vance Balanced Fund | 1.28% | 1.31% | 1.48% | 1.43% | 1.11% | 1.08% | 1.29% | 1.78% | 1.51% | 1.46% | 1.43% | 1.31% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EVIFX vs. SPY - Drawdown Comparison
The maximum EVIFX drawdown since its inception was -45.34%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EVIFX and SPY. For additional features, visit the drawdowns tool.
Volatility
EVIFX vs. SPY - Volatility Comparison
The current volatility for Eaton Vance Balanced Fund (EVIFX) is 2.66%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.45%. This indicates that EVIFX 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.