EOI vs PFEB
Eaton Vance Enhanced Equity Income Fund vs Innovator US Equity Power Buffer ETF - February
Which is better, EOI or PFEB?
Each has led over a different period.
PFEB has a lower expense ratio. EOI led over 3Y, 5Y and the full window, PFEB over 1Y.
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 | EOI | PFEB |
|---|---|---|
| Expense Ratio | 1.10% | 0.79%Best |
| AUM | $890M | $896M |
| Dividend Yield | 7.54% | 0.00% |
| Holdings | 58 | 18 |
| YTD Return | +3.10% | +8.65%Best |
| 1Y Return | +5.24% | +12.00%Best |
| 3Y Return (annualized) | +17.26%Best | +12.79% |
| 5Y Return (annualized) | +9.53%Best | +8.98% |
| Volatility (annualized) | 19.0% | 8.0%Best |
| Max Drawdown | -40.9% | -20.0%Best |
| $10,000 over 5 years | $15,764Best | $15,372 |
| Fund Family | Eaton Vance | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 26, 2004 | Jan 31, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 3, 2020 to Oct 14, 2026 (6.7 years).
EOI vs PFEB 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 6.7 years both funds cover.
EOI vs PFEB Performance
Eaton Vance Enhanced Equity Income Fund (EOI) is an ETF from Eaton Vance and Innovator US Equity Power Buffer ETF - February (PFEB) is an ETF from Innovator ETFs Trust. Over the past year EOI returned +5.24% while PFEB returned +12.00%. Year to date, EOI is up 3.10% versus a gain of 8.65% for PFEB.
Over three years, EOI compounded at +17.26% per year against +12.79% for PFEB; over five years the annualized figures are +9.53% and +8.98% respectively. Across the full 7-year window we track, EOI has the edge at +10.42% annualized vs +9.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EOI has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 8.0% for PFEB. 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 -40.9% for EOI and -20.0% for PFEB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EOI charges 1.10% per year while PFEB charges 0.79%. On a $10,000 position that is $110 vs $79 annually, a gap of $31 per year that compounds over a long holding period. On income, EOI currently yields 7.54% against 0.00% for PFEB.
You are not choosing between two funds in isolation.
Whichever of EOI and PFEB 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, EOI or PFEB?
EOI has an expense ratio of 1.10% while PFEB charges 0.79%. PFEB is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, EOI or PFEB?
Over the past year EOI returned +5.24% vs +12.00% for PFEB, so PFEB leads on 1-year performance. Over the longest common window we track (7 years), EOI annualized +10.42% vs +9.15% for PFEB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EOI or PFEB?
EOI has been the more volatile fund at 19.0% annualized versus 8.0% for PFEB. Worst drawdown: EOI -40.9% vs PFEB -20.0%.
Should I hold both EOI and PFEB?
EOI and PFEB have a monthly-return correlation of 0.84, 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, EOI or PFEB?
EOI yields 7.54% while PFEB yields 0.00%, so EOI currently pays the higher dividend yield.
Is PFEB better than EOI?
PFEB has a lower expense ratio. EOI led over 3Y, 5Y and the full window, PFEB over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.