ETJ vs FSEP
Eaton Vance Risk-Managed Diversified Equity Income Fund vs FT Vest US Equity Buffer ETF - September
Which is better, ETJ or FSEP?
FSEP has been ahead.
FSEP has a lower expense ratio. FSEP 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 | FSEP |
|---|---|---|
| Expense Ratio | 1.11% | 0.85%Best |
| AUM | $614M | $1.4B |
| Dividend Yield | 8.55% | 0.00% |
| Holdings | 74 | 10 |
| YTD Return | -1.86% | +11.52%Best |
| 1Y Return | -1.01% | +14.29%Best |
| 3Y Return (annualized) | +10.94% | +15.18%Best |
| 5Y Return (annualized) | +2.70% | +10.70%Best |
| Volatility (annualized) | 13.7% | 9.6%Best |
| Max Drawdown | -28.6% | -13.8%Best |
| $10,000 over 5 years | $11,425 | $16,624Best |
| Fund Family | Eaton Vance | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 31, 2007 | Sep 18, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2020 to Oct 14, 2026 (6.1 years).
ETJ vs FSEP 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 6.1 years both funds cover.
ETJ vs FSEP Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and FT Vest US Equity Buffer ETF - September (FSEP) is an ETF from First Trust Portfolios (US). Over the past year ETJ returned -1.01% while FSEP returned +14.29%. Year to date, ETJ is down 1.86% versus a gain of 11.52% for FSEP.
Over three years, ETJ compounded at +10.94% per year against +15.18% for FSEP; over five years the annualized figures are +2.70% and +10.70% respectively. Across the full 6-year window we track, FSEP has the edge at +11.63% annualized vs +5.12%.
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 9.6% for FSEP. 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 -13.8% for FSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETJ charges 1.11% per year while FSEP 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 FSEP.
You are not choosing between two funds in isolation.
Whichever of ETJ and FSEP 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 FSEP?
ETJ has an expense ratio of 1.11% while FSEP charges 0.85%. FSEP is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, ETJ or FSEP?
Over the past year ETJ returned -1.01% vs +14.29% for FSEP, so FSEP leads on 1-year performance. Over the longest common window we track (6 years), ETJ annualized +5.12% vs +11.63% for FSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or FSEP?
ETJ has been the more volatile fund at 13.7% annualized versus 9.6% for FSEP. Worst drawdown: ETJ -28.6% vs FSEP -13.8%.
Should I hold both ETJ and FSEP?
ETJ and FSEP have a monthly-return correlation of 0.84, 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 FSEP?
ETJ yields 8.55% while FSEP yields 0.00%, so ETJ currently pays the higher dividend yield.
Is FSEP better than ETJ?
FSEP has a lower expense ratio. FSEP 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.