ETY vs VTI
Eaton Vance Tax-Managed Diversified Equity Income Fund vs Vanguard Morningstar Total Stock Market ETF
Which is better, ETY or VTI?
VTI has been ahead.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 50.5%.
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 | ETY | VTI |
|---|---|---|
| Expense Ratio | 1.06% | 0.03%Best |
| AUM | $1.8B | $689.2B |
| Dividend Yield | 7.52% | 1.06% |
| Holdings | 61 | 3,524 |
| YTD Return | -1.64% | +13.48%Best |
| 1Y Return | -2.16% | +16.55%Best |
| 3Y Return (annualized) | +15.68% | +22.11%Best |
| 5Y Return (annualized) | +7.91% | +11.95%Best |
| Volatility (annualized) | 17.2% | 15.8%Best |
| Max Drawdown | -64.6% | -56.6%Best |
| $10,000 over 5 years | $14,632 | $17,584Best |
| Top 10 Weight | 50.5% | 33.5%Best |
| Fund Family | Eaton Vance | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 27, 2006 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Nov 28, 2006 to Oct 15, 2026 (19.9 years).
ETY vs VTI 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 19.9 years both funds cover.
ETY vs VTI Performance
Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) is an ETF from Eaton Vance and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year ETY returned -2.16% while VTI returned +16.55%. Year to date, ETY is down 1.64% versus a gain of 13.48% for VTI.
Over three years, ETY compounded at +15.68% per year against +22.11% for VTI; over five years the annualized figures are +7.91% and +11.95% respectively. Across the full 20-year window we track, VTI has the edge at +9.39% annualized vs +0.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETY has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.8% for VTI. 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 -64.6% for ETY and -56.6% for VTI. 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
ETY charges 1.06% per year while VTI charges 0.03%. On a $10,000 position that is $106 vs $3 annually, a gap of $103 per year that compounds over a long holding period. On income, ETY currently yields 7.52% against 1.06% for VTI.
Holdings Overlap
97.4% of ETY's money is in holdings VTI also owns. 42.1% of VTI's money is in holdings ETY also owns.
Most of ETY is already inside VTI. Owning both mostly buys the same companies twice.
55 positions in common, counted across the 58 positions we hold weights for in ETY and 3,441 in VTI, against full books of 61 and 3,524.
What only one of them owns
Our book lists 1,102 positions for VTI that do not appear in our book for ETY (55.7% of the fund), and 0 for ETY that do not appear in VTI (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ETY | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.28% | 6.88% | 2.40% |
| AAPLApple, Inc | 7.05% | 6.30% | 0.75% |
| MSFTMicrosoft Corp | 6.19% | 5.11% | 1.08% |
| GOOGAlphabet Inc. C | 7.02% | 2.12% | 4.90% |
| AMZNAmazon.Com Inc | 5.50% | 3.41% | 2.09% |
| AVGOBroadcom Inc | 4.14% | 2.38% | 1.76% |
| JPMJpmorgan Chase | 3.23% | 1.29% | 1.94% |
| METAMeta Platforms Inc | 2.35% | 1.70% | 0.65% |
| LLYEli Lilly & Co. | 2.66% | 1.33% | 1.33% |
| VVisa Inc Class A | 2.76% | 0.85% | 1.91% |
97.4% of ETY is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ETY or VTI?
ETY has an expense ratio of 1.06% while VTI charges 0.03%. VTI is the cheaper option, by $103 a year on a $10,000 investment.
Which performed better, ETY or VTI?
Over the past year ETY returned -2.16% vs +16.55% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (20 years), ETY annualized +0.55% vs +9.39% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETY or VTI?
ETY has been the more volatile fund at 17.2% annualized versus 15.8% for VTI. Worst drawdown: ETY -64.6% vs VTI -56.6%.
Should I hold both ETY and VTI?
ETY and VTI 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.
What is the holdings overlap between ETY and VTI?
97.4% of ETY's money is in holdings VTI also owns. 42.1% of VTI's is in holdings ETY also owns. They hold 55 positions in common, counted across the 58 positions we hold weights for in ETY and 3,441 in VTI.
Which pays a higher dividend, ETY or VTI?
ETY yields 7.52% while VTI yields 1.06%, so ETY currently pays the higher dividend yield.
Is VTI better than ETY?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 50.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.