IAE vs. EOI
IAE (Voya Asia Pacific High Dividend Equity Income Fund) and EOI (Eaton Vance Enhanced Equity Income Fund) are both Derivative Income funds. Over the past 10 years, IAE returned 10.31%/yr vs 12.42%/yr for EOI. Their 0.49 correlation means their historical movements had little consistent relationship. IAE charges 0.02%/yr vs 0.01%/yr for EOI.
Performance
IAE vs. EOI - Performance Comparison
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Returns By Period
In the year-to-date period, IAE achieves a 23.01% return, which is significantly higher than EOI's 0.77% return. Over the past 10 years, IAE has underperformed EOI with an annualized return of 10.31%, while EOI has yielded a comparatively higher 12.42% annualized return.
IAE
- 1D
- 1.67%
- 1M
- -2.18%
- 6M
- 9.61%
- YTD
- 23.01%
- 1Y
- 34.42%
- 3Y*
- 23.78%
- 5Y*
- 11.29%
- 10Y*
- 10.31%
- ALL TIME*
- 5.11%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $1.21M | $1.34M | |
| $259.55K | $601.12K | $651.76K |
IAE vs. EOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAE Voya Asia Pacific High Dividend Equity Income Fund | 23.01% | 34.63% | 13.44% | 9.06% | -13.97% | 3.60% | 13.77% | 9.62% | -11.31% | 30.19% |
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% |
Correlation
The correlation between IAE and EOI is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2007 | 0.49 |
The correlation between IAE and EOI has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
IAE vs. EOI — Risk / Return Rank
IAE
EOI
IAE vs. EOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Asia Pacific High Dividend Equity Income Fund (IAE) 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.
| IAE | EOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.04 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.17 | +2.31 |
| Martin ratioReturn relative to average drawdown | 7.03 | 0.52 | +6.52 |
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Drawdowns
IAE vs. EOI - Drawdown Comparison
The maximum IAE drawdown since its inception was -60.72%, which is greater than EOI's maximum drawdown of -53.72%. Use the drawdown chart below to compare losses from any high point for IAE and EOI.
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Drawdown Indicators
| IAE | EOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.72% | -53.72% | -7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -12.52% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -23.15% | +6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -26.82% | -2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -42.44% | -40.01% | -2.43% |
Current DrawdownCurrent decline from peak | -7.22% | -1.84% | -5.38% |
Average DrawdownAverage peak-to-trough decline | -13.67% | -7.36% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 3.99% | +0.53% |
Volatility
IAE vs. EOI - Volatility Comparison
Voya Asia Pacific High Dividend Equity Income Fund (IAE) has a higher volatility of 5.07% compared to Eaton Vance Enhanced Equity Income Fund (EOI) at 3.95%. This indicates that IAE's price experiences larger fluctuations and is considered to be riskier 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
| IAE | EOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 3.95% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 11.11% | +7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 13.64% | +8.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 18.68% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 19.91% | -0.37% |
IAE vs. EOI - Expense Ratio Comparison
IAE has a 0.02% 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
IAE vs. EOI - Dividend Comparison
IAE's dividend yield for the trailing twelve months is around 9.13%, more than EOI's 8.12% 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% |
IAE Voya Asia Pacific High Dividend Equity Income Fund | 8.37% | 10.71% | 12.29% | 10.65% | 14.03% | 10.60% | 9.97% | 9.88% | 9.61% | 7.82% | 11.14% | 12.74% |
Frequently Asked Questions
IAE and EOI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAE has higher volatility (5.07%) compared to EOI (3.95%). In terms of maximum drawdown, IAE dropped -60.72% vs EOI's -53.72%.
IAE currently has the higher Sharpe Ratio (1.42 vs 0.15), 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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