ETJ vs METU
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Direxion Daily META Bull 2X ETF
Which is better, ETJ or METU?
Each has led over a different period.
METU has a lower expense ratio. ETJ led over 1Y, METU over 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 | METU |
|---|---|---|
| Expense Ratio | 1.11% | 1.02%Best |
| AUM | $614M | $506M |
| Dividend Yield | 8.55% | 2.70% |
| Holdings | 74 | 20 |
| YTD Return | -1.86% | +2.89%Best |
| 1Y Return | -1.01%Best | -17.61% |
| 3Y Return (annualized) | +10.94% | - |
| 5Y Return (annualized) | +2.70% | - |
| Volatility (annualized) | 8.9%Best | 70.0% |
| Max Drawdown | -18.3%Best | -63.9% |
| $10,000 over 2.4 years | $11,470 | $12,474Best |
| Fund Family | Eaton Vance | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 31, 2007 | Jun 5, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 5, 2024 to Oct 14, 2026 (2.4 years).
ETJ vs METU 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 2.4 years both funds cover.
ETJ vs METU Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and Direxion Daily META Bull 2X ETF (METU) is an ETF from Direxion Shares ETF Trust. Over the past year ETJ returned -1.01% while METU returned -17.61%. Year to date, ETJ is down 1.86% versus a gain of 2.89% for METU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
METU has been the more volatile fund, with annualized monthly volatility of 70.0% compared with 8.9% for ETJ. 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 -18.3% for ETJ and -63.9% for METU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ETJ charges 1.11% per year while METU charges 1.02%. On a $10,000 position that is $111 vs $102 annually, a gap of $9 per year that compounds over a long holding period. On income, ETJ currently yields 8.55% against 2.70% for METU.
Holdings Overlap
At least 2.3% of ETJ's money is in holdings METU also owns.
Stated as a floor: for METU, our book for it covers 87.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
ETJ and METU share little of their money.
1 positions in common, counted across the 56 positions we hold weights for in ETJ and 4 in METU, against full books of 74 and 20.
Top Shared Holdings
| Stock | Weight in ETJ | Weight in METU | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 2.27% | 17.27% | 15.00% |
You are not choosing between two funds in isolation.
Whichever of ETJ and METU 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 METU?
ETJ has an expense ratio of 1.11% while METU charges 1.02%. METU is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, ETJ or METU?
Over the past year ETJ returned -1.01% vs -17.61% for METU, so ETJ leads on 1-year performance. Over the longest common window we track (2 years), ETJ annualized +5.88% vs +9.65% for METU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or METU?
METU has been the more volatile fund at 70.0% annualized versus 8.9% for ETJ. Worst drawdown: ETJ -18.3% vs METU -63.9%.
Should I hold both ETJ and METU?
ETJ and METU have a monthly-return correlation of 0.34, 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 METU?
At least 2.3% of ETJ's money is in holdings METU also owns. Our book for METU is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 56 positions we hold weights for in ETJ and 4 in METU.
Which pays a higher dividend, ETJ or METU?
ETJ yields 8.55% while METU yields 2.70%, so ETJ currently pays the higher dividend yield.
Is METU better than ETJ?
METU has a lower expense ratio. ETJ led over 1Y, METU over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.