EALT vs EOI
Innovator US Equity 5 to 15 Buffer ETF - Quarterly vs Eaton Vance Enhanced Equity Income Fund
Which is better, EALT or EOI?
Each has led over a different period.
EALT has a lower expense ratio. EALT led over 1Y, EOI over 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EALT | EOI |
|---|---|---|
| Expense Ratio | 0.69%Best | 1.10% |
| AUM | $189M | $890M |
| Dividend Yield | 0.00% | 7.54% |
| Holdings | 23 | 58 |
| YTD Return | +3.94%Best | +3.10% |
| 1Y Return | +6.78%Best | +5.24% |
| 3Y Return (annualized) | +12.25% | +17.26%Best |
| 5Y Return (annualized) | - | +9.53% |
| Volatility (annualized) | 8.7%Best | 13.7% |
| Max Drawdown | -14.8%Best | -23.1% |
| $10,000 over 3 years | $14,322 | $15,963Best |
| Fund Family | Innovator ETFs Trust | Eaton Vance |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 2, 2023 | Oct 26, 2004 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 2, 2023 to Oct 14, 2026 (3 years).
EALT vs EOI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
EALT vs EOI Performance
Innovator US Equity 5 to 15 Buffer ETF - Quarterly (EALT) is an ETF from Innovator ETFs Trust and Eaton Vance Enhanced Equity Income Fund (EOI) is an ETF from Eaton Vance. Over the past year EALT returned +6.78% while EOI returned +5.24%. Year to date, EALT is up 3.94% versus a gain of 3.10% for EOI.
Over three years, EALT compounded at +12.25% per year against +17.26% for EOI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EOI has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 8.7% for EALT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.8% for EALT and -23.1% for EOI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EALT charges 0.69% per year while EOI charges 1.10%. On a $10,000 position that is $69 vs $110 annually, a gap of $41 per year that compounds over a long holding period. On income, EALT currently yields 0.00% against 7.54% for EOI.
Holdings Overlap
We hold position weights for 1 holding in EALT and 58 in EOI, totalling 100.0% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 66 days apart, EALT as of Oct 5, 2026 and EOI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in EALT and 58 in EOI, against full books of 23 and 58.
You are not choosing between two funds in isolation.
Whichever of EALT and EOI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EALT or EOI?
EALT has an expense ratio of 0.69% while EOI charges 1.10%. EALT is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, EALT or EOI?
Over the past year EALT returned +6.78% vs +5.24% for EOI, so EALT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EALT or EOI?
EOI has been the more volatile fund at 13.7% annualized versus 8.7% for EALT. Worst drawdown: EALT -14.8% vs EOI -23.1%.
Should I hold both EALT and EOI?
EALT and EOI have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EALT or EOI?
EALT yields 0.00% while EOI yields 7.54%, so EOI currently pays the higher dividend yield.
Is EOI better than EALT?
EALT has a lower expense ratio. EALT led over 1Y, EOI over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.