Both have impressive trophy hauls and have enjoyed long periods at the summit of the English game—especially during the 1980s when the pair where considered two of the leading sides in Europe.
However, despite boasting two of the more substantial trophy cabinets in British football, it's Liverpool that have generally been a couple of steps ahead of their Merseyside rivals.
This has certainly been the case during the modern era, where the Reds have contested titles and hoisted a number of trophies without ever landing a much-coveted Premier League winners' medal.
Everton have spent much of the past two decades in their rival's shadow, yet have continued to improve under David Moyes.
Their gradual rise, coupled with a sudden decline from Liverpool, has seen the gap close dramatically over the past few years. Right now, the Toffees lie ahead of their rivals in the league standings and have done for the best part of a year.
That considered, here's a look at five ways the Toffees now fare better than their near neighbours at this present moment in time.