EVT vs QQQ
Eaton Vance Tax-Advantaged Dividend Income Fund vs Invesco QQQ Trust, Series 1
Which is better, EVT or QQQ?
Equity-oriented Balanced against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. EVT is less concentrated, with 28.3% of the fund in its ten largest positions against 47.2%.
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 | EVT | QQQ |
|---|---|---|
| Expense Ratio | 1.59% | 0.18%Best |
| AUM | $2.3B | $498.6B |
| Dividend Yield | 6.41% | 0.42% |
| Holdings | 162 | 321 |
| YTD Return | +16.61% | +21.69%Best |
| 1Y Return | +23.01% | +24.10%Best |
| 3Y Return (annualized) | +19.50% | +27.05%Best |
| 5Y Return (annualized) | +7.76% | +16.31%Best |
| Volatility (annualized) | 20.7% | 18.2%Best |
| Max Drawdown | -77.9% | -53.5%Best |
| $10,000 over 5 years | $14,531 | $21,286Best |
| Top 10 Weight | 28.3%Best | 47.2% |
| Fund Family | Eaton Vance | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Equity-oriented Balanced | Large Cap Growth |
| Inception | Sep 30, 2003 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2003 to Oct 13, 2026 (23 years).
EVT vs QQQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
EVT vs QQQ Performance
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is an ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EVT returned +23.01% while QQQ returned +24.10%. Year to date, EVT is up 16.61% versus a gain of 21.69% for QQQ.
Over three years, EVT compounded at +19.50% per year against +27.05% for QQQ; over five years the annualized figures are +7.76% and +16.31% respectively. Across the full 23-year window we track, QQQ has the edge at +14.73% annualized vs +3.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EVT has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 18.2% for QQQ. 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 -77.9% for EVT and -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVT charges 1.59% per year while QQQ charges 0.18%. On a $10,000 position that is $159 vs $18 annually, a gap of $141 per year that compounds over a long holding period. On income, EVT currently yields 6.41% against 0.42% for QQQ.
Holdings Overlap
25.7% of EVT's money is in holdings QQQ also owns. 36.5% of QQQ's money is in holdings EVT also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, EVT as of Jul 31, 2026 and QQQ as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
13 positions in common, counted across the 127 positions we hold weights for in EVT and 102 in QQQ, against full books of 162 and 321.
What only one of them owns
Our book lists 83 positions for QQQ that do not appear in our book for EVT (61.2% of the fund), and 109 for EVT that do not appear in QQQ (68.9%).
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 EVT | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.90% | 7.80% | 4.90% |
| MUMicron Technology, Inc. | 5.00% | 4.85% | 0.15% |
| AMZNAmazon.Com Inc | 3.17% | 4.41% | 1.24% |
| MSFTMicrosoft Corp | 0.77% | 5.88% | 5.11% |
| GOOGAlphabet Inc. C | 2.53% | 2.93% | 0.40% |
| AMDAdvanced Micro Devices Inc | 1.38% | 3.71% | 2.33% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.53% | 1.95% | 0.58% |
| INTCIntel Corporation | 1.44% | 2.28% | 0.84% |
| LINLinde Plc Ordinary Shares | 1.32% | 0.95% | 0.37% |
| CSXCsx Corp. | 1.75% | 0.40% | 1.35% |
36.5% of QQQ is already inside EVT.
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, EVT or QQQ?
EVT has an expense ratio of 1.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $141 a year on a $10,000 investment.
Which performed better, EVT or QQQ?
Over the past year EVT returned +23.01% vs +24.10% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (23 years), EVT annualized +3.38% vs +14.73% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVT or QQQ?
EVT has been the more volatile fund at 20.7% annualized versus 18.2% for QQQ. Worst drawdown: EVT -77.9% vs QQQ -53.5%.
Should I hold both EVT and QQQ?
EVT and QQQ have a monthly-return correlation of 0.73, 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 EVT and QQQ?
36.5% of QQQ's money is in holdings EVT also owns. 36.5% of QQQ's is in holdings EVT also owns. They hold 13 positions in common, counted across the 127 positions we hold weights for in EVT and 102 in QQQ.
Which pays a higher dividend, EVT or QQQ?
EVT yields 6.41% while QQQ yields 0.42%, so EVT currently pays the higher dividend yield.
Is QQQ better than EVT?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. EVT is less concentrated, with 28.3% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.