ETJ vs FAPR
Eaton Vance Risk-Managed Diversified Equity Income Fund vs FT Vest US Equity Buffer ETF - April
Which is better, ETJ or FAPR?
FAPR has been ahead.
FAPR has a lower expense ratio. FAPR led over 1Y, 3Y, 5Y and the full window.
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 | ETJ | FAPR |
|---|---|---|
| Expense Ratio | 1.11% | 0.85%Best |
| AUM | $614M | $1.4B |
| Dividend Yield | 8.55% | 0.00% |
| Holdings | 74 | 10 |
| YTD Return | -1.86% | +8.21%Best |
| 1Y Return | -1.01% | +10.78%Best |
| 3Y Return (annualized) | +10.94% | +13.68%Best |
| 5Y Return (annualized) | +2.70% | +8.84%Best |
| Volatility (annualized) | 14.0% | 8.9%Best |
| Max Drawdown | -28.6% | -16.0%Best |
| $10,000 over 5 years | $11,425 | $15,274Best |
| Fund Family | Eaton Vance | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 31, 2007 | Apr 16, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 19, 2021 to Oct 14, 2026 (5.5 years).
ETJ vs FAPR 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 5.5 years both funds cover.
ETJ vs FAPR Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and FT Vest US Equity Buffer ETF - April (FAPR) is an ETF from First Trust Portfolios (US). Over the past year ETJ returned -1.01% while FAPR returned +10.78%. Year to date, ETJ is down 1.86% versus a gain of 8.21% for FAPR.
Over three years, ETJ compounded at +10.94% per year against +13.68% for FAPR; over five years the annualized figures are +2.70% and +8.84% respectively. Across the full 6-year window we track, FAPR has the edge at +8.97% annualized vs +3.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETJ has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 8.9% for FAPR. 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 -28.6% for ETJ and -16.0% for FAPR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETJ charges 1.11% per year while FAPR charges 0.85%. On a $10,000 position that is $111 vs $85 annually, a gap of $26 per year that compounds over a long holding period. On income, ETJ currently yields 8.55% against 0.00% for FAPR.
You are not choosing between two funds in isolation.
Whichever of ETJ and FAPR 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, ETJ or FAPR?
ETJ has an expense ratio of 1.11% while FAPR charges 0.85%. FAPR is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, ETJ or FAPR?
Over the past year ETJ returned -1.01% vs +10.78% for FAPR, so FAPR leads on 1-year performance. Over the longest common window we track (6 years), ETJ annualized +3.51% vs +8.97% for FAPR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or FAPR?
ETJ has been the more volatile fund at 14.0% annualized versus 8.9% for FAPR. Worst drawdown: ETJ -28.6% vs FAPR -16.0%.
Should I hold both ETJ and FAPR?
ETJ and FAPR have a monthly-return correlation of 0.80, 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, ETJ or FAPR?
ETJ yields 8.55% while FAPR yields 0.00%, so ETJ currently pays the higher dividend yield.
Is FAPR better than ETJ?
FAPR has a lower expense ratio. FAPR led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.