EVT vs SPY

Comparison between Eaton Vance Tax Advantaged Dividend Income Fund (EVT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed EVT, delivering a return of +13.3% compared to +6.7%

EVT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EVT(ETF)	SPY(ETF)
Net Assets	$2B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	77.86%	56.47%
Sharpe Ratio	1.70	2.07
5Y Beta	0.72	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	4.22%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

EVT

$2B

Winner

SPY

$652B

Expense Ratio

EVT

N/A

SPY

0.09%

Max Drawdown

EVT

77.86%

Winner

SPY

56.47%

Sharpe Ratio

EVT

1.70

Winner

SPY

2.07

5Y Beta

Winner

EVT

0.72

SPY

1.00

P/E Ratio

EVT

N/A

SPY

28.24

Forward P/E

EVT

N/A

SPY

21.85

5Y Dividends CAGR

EVT

4.22%

Winner

SPY

5.43%

5Y EPS CAGR

EVT

N/A

SPY

25.79%

Debt to Equity

EVT

N/A

SPY

22.35%

P/S Ratio

EVT

N/A

SPY

3.55

P/B Ratio

EVT

N/A

SPY

5.29

EVT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	EVT	SPY
1 month	+5.28%	+9.11%
3 months	+1.83%	+6.59%
6 months	+12.92%	+10.56%
1 year	+25.32%	+32.04%
5 years(CAGR)	+6.71%	+13.35%
10 years(CAGR)	+11.14%	+15.49%
Max(CAGR)	+9.17%	+8.50%

EVT

+5.28%

Winner

SPY

+9.11%

EVT

+1.83%

Winner

SPY

+6.59%

Winner

EVT

+12.92%

SPY

+10.56%

EVT

+25.32%

Winner

SPY

+32.04%

5Y(CAGR)

EVT

+6.71%

Winner

SPY

+13.35%

10Y(CAGR)

EVT

+11.14%

Winner

SPY

+15.49%

Max(CAGR)

Winner

EVT

+9.17%

SPY

+8.50%

EVT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EVT	SPY
2026	+6.86%	+8.27%
2025	+14.39%	+18.00%
2024	+17.26%	+25.59%
2023	+5.41%	+26.72%
2022	-16.80%	-18.64%
2021	+36.90%	+30.52%
2020	+2.03%	+17.28%
2019	+42.47%	+31.09%
2018	-12.55%	-5.24%
2017	+20.76%	+20.78%
2016	+17.62%	+13.59%
2015	+1.23%	+1.31%
2014	+17.91%	+14.56%
2013	+19.63%	+29.00%
2012	+19.81%	+14.17%
2011	-6.01%	+0.85%
2010	+11.23%	+13.14%
2009	+43.63%	+22.67%
2008	-52.24%	-36.25%
2007	+6.32%	+5.32%
2006	+31.17%	+13.85%
2005	+12.81%	+5.32%
2004	+13.55%	+10.75%
2003	+2.82%	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

EVT vs SPY Drawdown Comparison

The maximum drawdown for EVT was -73.95%, occurring on Mar 9, 2009. Recovery took 1482 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current EVT drawdown is -0.90%.

Rank	EVT	SPY
#1	-73.95% Jun 4, 2007 - Apr 23, 2013	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-52.00% Feb 20, 2020 - Jan 14, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-28.20% Jan 14, 2022 - Aug 29, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-27.47% Oct 3, 2018 - Apr 30, 2019	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-19.91% Mar 5, 2004 - Nov 12, 2004	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-18.70% Nov 29, 2024 - Aug 22, 2025	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-14.79% Nov 3, 2015 - Apr 1, 2016	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-13.17% May 21, 2013 - Jan 16, 2014	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-10.94% May 21, 2015 - Nov 3, 2015	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-10.20% Aug 19, 2016 - Dec 20, 2016	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-9.93% Jan 23, 2018 - Jun 12, 2018	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-9.83% Mar 4, 2005 - Jul 12, 2005	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-9.23% Feb 26, 2026 - Apr 29, 2026	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-8.44% Dec 28, 2006 - Apr 3, 2007	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-8.35% Sep 19, 2014 - Nov 10, 2014	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between EVT and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (1999 - 2026)

EVT vs SPY dividend yield comparison.

Year	EVT	SPY
2026	2.50%	0.24%
2025	7.84%	1.07%
2024	8.02%	1.21%
2023	8.03%	1.40%
2022	8.44%	1.65%
2021	5.65%	1.20%
2020	7.97%	1.52%
2019	6.82%	1.75%
2018	9.16%	2.04%
2017	6.85%	1.80%
2016	8.47%	2.03%
2015	7.49%	2.06%
2014	6.52%	1.87%
2013	6.22%	1.81%
2012	7.17%	2.18%
2011	8.10%	2.05%
2010	7.15%	1.80%
2009	7.49%	1.95%
2008	15.31%	3.02%
2007	6.57%	1.85%
2006	5.12%	1.73%
2005	5.96%	1.73%
2004	6.03%	1.82%
2003	1.06%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%