ETJ vs FTLS
Eaton Vance Risk-Managed Diversified Equity Income Fund vs First Trust Long/Short Equity ETF
Which is better, ETJ or FTLS?
FTLS has been ahead.
ETJ has a lower expense ratio. FTLS 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 | FTLS |
|---|---|---|
| Expense Ratio | 1.11%Best | 1.38% |
| AUM | $614M | $2.7B |
| Dividend Yield | 8.55% | 0.87% |
| Holdings | 74 | 363 |
| YTD Return | -1.86% | +9.83%Best |
| 1Y Return | -1.01% | +13.43%Best |
| 3Y Return (annualized) | +10.94% | +14.42%Best |
| 5Y Return (annualized) | +2.70% | +10.59%Best |
| Volatility (annualized) | 13.3% | 8.7%Best |
| Max Drawdown | -44.9% | -20.5%Best |
| $10,000 over 5 years | $11,425 | $16,542Best |
| Fund Family | Eaton Vance | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 31, 2007 | Sep 8, 2014 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2014 to Oct 14, 2026 (12.1 years).
ETJ vs FTLS 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 12.1 years both funds cover.
ETJ vs FTLS Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and First Trust Long/Short Equity ETF (FTLS) is an ETF from First Trust Portfolios (US). Over the past year ETJ returned -1.01% while FTLS returned +13.43%. Year to date, ETJ is down 1.86% versus a gain of 9.83% for FTLS.
Over three years, ETJ compounded at +10.94% per year against +14.42% for FTLS; over five years the annualized figures are +2.70% and +10.59% respectively. Across the full 12-year window we track, FTLS has the edge at +8.71% annualized vs +1.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETJ has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 8.7% for FTLS. 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 -44.9% for ETJ and -20.5% for FTLS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ETJ charges 1.11% per year while FTLS charges 1.38%. On a $10,000 position that is $111 vs $138 annually, a gap of $27 per year that compounds over a long holding period. On income, ETJ currently yields 8.55% against 0.87% for FTLS.
Holdings Overlap
At least 69.6% of ETJ's money is in holdings FTLS also owns.
Stated as a floor: for FTLS, our book for it covers 94.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
33 positions in common, counted across the 56 positions we hold weights for in ETJ and 507 in FTLS, against full books of 74 and 363.
Top Shared Holdings
| Stock | Weight in ETJ | Weight in FTLS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.72% | 6.67% | 3.05% |
| MSFTMicrosoft Corp | 6.84% | 4.13% | 2.71% |
| AAPLApple, Inc | 5.24% | 5.55% | 0.31% |
| AMZNAmazon.Com Inc | 5.21% | 2.60% | 2.61% |
| AVGOBroadcom Inc | 3.96% | 1.08% | 2.88% |
| VVisa Inc Class A | 2.95% | 1.11% | 1.84% |
| JPMJpmorgan Chase | 3.26% | 0.34% | 2.92% |
| METAMeta Platforms Inc | 2.27% | 1.16% | 1.11% |
| LLYEli Lilly & Co. | 2.77% | 0.65% | 2.12% |
| STXSeagate Technolo | 1.33% | 2.05% | 0.72% |
69.6% of ETJ is already inside FTLS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ETJ or FTLS?
ETJ has an expense ratio of 1.11% while FTLS charges 1.38%. ETJ is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, ETJ or FTLS?
Over the past year ETJ returned -1.01% vs +13.43% for FTLS, so FTLS leads on 1-year performance. Over the longest common window we track (12 years), ETJ annualized +1.06% vs +8.71% for FTLS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or FTLS?
ETJ has been the more volatile fund at 13.3% annualized versus 8.7% for FTLS. Worst drawdown: ETJ -44.9% vs FTLS -20.5%.
Should I hold both ETJ and FTLS?
ETJ and FTLS have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ETJ and FTLS?
At least 69.6% of ETJ's money is in holdings FTLS also owns. Our book for FTLS is partial, so the real figure is this or higher. They hold 33 positions in common, counted across the 56 positions we hold weights for in ETJ and 507 in FTLS.
Which pays a higher dividend, ETJ or FTLS?
ETJ yields 8.55% while FTLS yields 0.87%, so ETJ currently pays the higher dividend yield.
Is FTLS better than ETJ?
ETJ has a lower expense ratio. FTLS 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.