ETJ vs NVDX
Eaton Vance Risk-Managed Diversified Equity Income Fund vs T-Rex 2X Long NVIDIA Daily Target ETF
Which is better, ETJ or NVDX?
NVDX has been ahead.
NVDX has a lower expense ratio. NVDX led over 1Y, 3Y 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 | NVDX |
|---|---|---|
| Expense Ratio | 1.11% | 1.05%Best |
| AUM | $614M | $441M |
| Dividend Yield | 8.55% | 0.00% |
| Holdings | 74 | 13 |
| YTD Return | -1.86% | +10.15%Best |
| 1Y Return | -1.01% | +9.78%Best |
| 3Y Return (annualized) | +10.94% | +107.55%Best |
| 5Y Return (annualized) | +2.70% | - |
| Volatility (annualized) | 9.9%Best | 78.8% |
| Max Drawdown | -18.3%Best | -68.2% |
| $10,000 over 3 years | $13,632 | $89,406Best |
| Fund Family | Eaton Vance | REX Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 31, 2007 | Oct 18, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 19, 2023 to Oct 14, 2026 (3 years).
ETJ vs NVDX 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ETJ vs NVDX Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an ETF from REX Shares. Over the past year ETJ returned -1.01% while NVDX returned +9.78%. Year to date, ETJ is down 1.86% versus a gain of 10.15% for NVDX.
Over three years, ETJ compounded at +10.94% per year against +107.55% for NVDX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDX has been the more volatile fund, with annualized monthly volatility of 78.8% compared with 9.9% 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 -68.2% for NVDX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ETJ charges 1.11% per year while NVDX charges 1.05%. On a $10,000 position that is $111 vs $105 annually, a gap of $6 per year that compounds over a long holding period. On income, ETJ currently yields 8.55% against 0.00% for NVDX.
Holdings Overlap
At least 9.7% of ETJ's money is in holdings NVDX also owns.
Stated as a floor: for NVDX, our book for it covers 83.4% 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 NVDX share little of their money.
1 positions in common, counted across the 56 positions we hold weights for in ETJ and 1 in NVDX, against full books of 74 and 13.
Top Shared Holdings
| Stock | Weight in ETJ | Weight in NVDX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.72% | 83.43% | 73.71% |
You are not choosing between two funds in isolation.
Whichever of ETJ and NVDX 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 NVDX?
ETJ has an expense ratio of 1.11% while NVDX charges 1.05%. NVDX is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, ETJ or NVDX?
Over the past year ETJ returned -1.01% vs +9.78% for NVDX, so NVDX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or NVDX?
NVDX has been the more volatile fund at 78.8% annualized versus 9.9% for ETJ. Worst drawdown: ETJ -18.3% vs NVDX -68.2%.
Should I hold both ETJ and NVDX?
ETJ and NVDX have a monthly-return correlation of 0.63, 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 NVDX?
At least 9.7% of ETJ's money is in holdings NVDX also owns. Our book for NVDX 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 1 in NVDX.
Which pays a higher dividend, ETJ or NVDX?
ETJ yields 8.55% while NVDX yields 0.00%, so ETJ currently pays the higher dividend yield.
Is NVDX better than ETJ?
NVDX has a lower expense ratio. NVDX led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.