EVV vs. EOI
EVV (Eaton Vance Limited Duration Income Fund) and EOI (Eaton Vance Enhanced Equity Income Fund) are both mutual funds - EVV is a Short-Term Bond fund managed by Eaton Vance, while EOI is a Large Cap Blend Equities fund managed by Eaton Vance. Over the past 10 years, EVV returned 5.39%/yr vs 12.42%/yr for EOI. At a 0.39 correlation, their price movements are largely independent. EVV charges 0.04%/yr vs 0.01%/yr for EOI.
Performance
EVV vs. EOI - Performance Comparison
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Returns By Period
In the year-to-date period, EVV achieves a -2.78% return, which is significantly higher than EOI's -2.99% return. Over the past 10 years, EVV has underperformed EOI with an annualized return of 5.39%, while EOI has yielded a comparatively higher 12.42% annualized return.
EVV
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- -2.78%
- 6M
- -2.97%
- 1Y
- -0.26%
- 3Y*
- 9.90%
- 5Y*
- 2.68%
- 10Y*
- 5.39%
EOI
- 1D
- 0.21%
- 1M
- -2.32%
- YTD
- -2.99%
- 6M
- -2.76%
- 1Y
- 1.40%
- 3Y*
- 15.32%
- 5Y*
- 9.11%
- 10Y*
- 12.42%
EVV vs. EOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVV Eaton Vance Limited Duration Income Fund | -2.78% | 10.72% | 12.22% | 13.33% | -19.94% | 14.66% | 4.67% | 18.91% | -5.53% | 6.77% |
EOI Eaton Vance Enhanced Equity Income Fund | -2.99% | 7.21% | 35.73% | 20.67% | -19.78% | 32.93% | 9.59% | 31.97% | -4.26% | 26.31% |
Correlation
The correlation between EVV and EOI is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 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
EVV vs. EOI — Risk / Return Rank
EVV
EOI
EVV vs. EOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Limited Duration Income Fund (EVV) and Eaton Vance Enhanced Equity Income Fund (EOI). 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.
| EVV | EOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.11 | -0.14 |
| Martin ratioReturn relative to average drawdown | -0.09 | 0.36 | -0.46 |
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Drawdowns
EVV vs. EOI - Drawdown Comparison
The maximum EVV drawdown since its inception was -51.37%, roughly equal to the maximum EOI drawdown of -53.72%. Use the drawdown chart below to compare losses from any high point for EVV and EOI.
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Drawdown Indicators
| EVV | EOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.37% | -53.72% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -12.52% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -9.53% | -23.15% | +13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -26.82% | +0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -40.01% | -0.41% |
Current DrawdownCurrent decline from peak | -4.58% | -5.50% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -7.38% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.89% | -1.09% |
Volatility
EVV vs. EOI - Volatility Comparison
The current volatility for Eaton Vance Limited Duration Income Fund (EVV) is 1.80%, while Eaton Vance Enhanced Equity Income Fund (EOI) has a volatility of 3.95%. This indicates that EVV experiences smaller price fluctuations and is considered to be less risky than EOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVV | EOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 3.95% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | 10.67% | -3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 13.19% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 18.68% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.42% | 19.90% | -4.48% |
EVV vs. EOI - Expense Ratio Comparison
EVV has a 0.04% expense ratio, which is higher than EOI's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EVV vs. EOI - Dividend Comparison
EVV's dividend yield for the trailing twelve months is around 9.47%, more than EOI's 8.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOI Eaton Vance Enhanced Equity Income Fund | 8.38% | 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 | 9.47% | 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
EVV and EOI have a correlation of 0.43, 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 (1.80%). In terms of maximum drawdown, EVV dropped -51.37% vs EOI's -53.72%.
EOI currently has the higher Sharpe Ratio (0.11 vs -0.03), 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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