ETJ vs FDEC
Eaton Vance Risk-Managed Diversified Equity Income Fund vs FT Vest US Equity Buffer ETF - December
Which is better, ETJ or FDEC?
FDEC has been ahead.
FDEC has a lower expense ratio. FDEC 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 | FDEC |
|---|---|---|
| Expense Ratio | 1.11% | 0.85%Best |
| AUM | $614M | $1.3B |
| Dividend Yield | 8.55% | 0.00% |
| Holdings | 74 | 10 |
| YTD Return | -1.86% | +10.08%Best |
| 1Y Return | -1.01% | +14.78%Best |
| 3Y Return (annualized) | +10.94% | +16.28%Best |
| 5Y Return (annualized) | +2.70% | +10.68%Best |
| Volatility (annualized) | 13.7% | 10.0%Best |
| Max Drawdown | -28.6% | -15.7%Best |
| $10,000 over 5 years | $11,425 | $16,609Best |
| Fund Family | Eaton Vance | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 31, 2007 | Dec 18, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 21, 2020 to Oct 14, 2026 (5.8 years).
ETJ vs FDEC 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 5.8 years both funds cover.
ETJ vs FDEC Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and FT Vest US Equity Buffer ETF - December (FDEC) is an ETF from First Trust Portfolios (US). Over the past year ETJ returned -1.01% while FDEC returned +14.78%. Year to date, ETJ is down 1.86% versus a gain of 10.08% for FDEC.
Over three years, ETJ compounded at +10.94% per year against +16.28% for FDEC; over five years the annualized figures are +2.70% and +10.68% respectively. Across the full 6-year window we track, FDEC has the edge at +11.30% annualized vs +4.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETJ has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 10.0% for FDEC. 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 -15.7% for FDEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETJ charges 1.11% per year while FDEC 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 FDEC.
You are not choosing between two funds in isolation.
Whichever of ETJ and FDEC 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 FDEC?
ETJ has an expense ratio of 1.11% while FDEC charges 0.85%. FDEC is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, ETJ or FDEC?
Over the past year ETJ returned -1.01% vs +14.78% for FDEC, so FDEC leads on 1-year performance. Over the longest common window we track (6 years), ETJ annualized +4.38% vs +11.30% for FDEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or FDEC?
ETJ has been the more volatile fund at 13.7% annualized versus 10.0% for FDEC. Worst drawdown: ETJ -28.6% vs FDEC -15.7%.
Should I hold both ETJ and FDEC?
ETJ and FDEC have a monthly-return correlation of 0.81, 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 FDEC?
ETJ yields 8.55% while FDEC yields 0.00%, so ETJ currently pays the higher dividend yield.
Is FDEC better than ETJ?
FDEC has a lower expense ratio. FDEC 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.