EOI vs ZALT
Eaton Vance Enhanced Equity Income Fund vs Innovator US Equity 10 Buffer ETF - Quarterly
Which is better, EOI or ZALT?
Each has led over a different period.
ZALT has a lower expense ratio. EOI led over 3Y and the full window, ZALT 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 | ZALT |
|---|---|---|
| Expense Ratio | 1.10% | 0.69%Best |
| AUM | $890M | $794M |
| Dividend Yield | 7.54% | 0.00% |
| Holdings | 58 | 18 |
| YTD Return | +3.10% | +6.44%Best |
| 1Y Return | +5.24% | +9.12%Best |
| 3Y Return (annualized) | +17.26%Best | +10.33% |
| 5Y Return (annualized) | +9.53% | - |
| Volatility (annualized) | 13.7% | 3.8%Best |
| Max Drawdown | -23.1% | -8.2%Best |
| $10,000 over 3 years | $15,963Best | $13,518 |
| Fund Family | Eaton Vance | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 26, 2004 | Oct 2, 2023 |
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).
EOI vs ZALT 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.
EOI vs ZALT Performance
Eaton Vance Enhanced Equity Income Fund (EOI) is an ETF from Eaton Vance and Innovator US Equity 10 Buffer ETF - Quarterly (ZALT) is an ETF from Innovator ETFs Trust. Over the past year EOI returned +5.24% while ZALT returned +9.12%. Year to date, EOI is up 3.10% versus a gain of 6.44% for ZALT.
Over three years, EOI compounded at +17.26% per year against +10.33% for ZALT.
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 3.8% for ZALT. 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 -23.1% for EOI and -8.2% for ZALT. 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 ZALT charges 0.69%. On a $10,000 position that is $110 vs $69 annually, a gap of $41 per year that compounds over a long holding period. On income, EOI currently yields 7.54% against 0.00% for ZALT.
You are not choosing between two funds in isolation.
Whichever of EOI and ZALT 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 ZALT?
EOI has an expense ratio of 1.10% while ZALT charges 0.69%. ZALT is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, EOI or ZALT?
Over the past year EOI returned +5.24% vs +9.12% for ZALT, so ZALT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EOI or ZALT?
EOI has been the more volatile fund at 13.7% annualized versus 3.8% for ZALT. Worst drawdown: EOI -23.1% vs ZALT -8.2%.
Should I hold both EOI and ZALT?
EOI and ZALT 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 ZALT?
EOI yields 7.54% while ZALT yields 0.00%, so EOI currently pays the higher dividend yield.
Is ZALT better than EOI?
ZALT has a lower expense ratio. EOI led over 3Y and the full window, ZALT over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.