ETJ vs VTI
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Vanguard Morningstar Total Stock Market ETF
Which is better, ETJ or VTI?
Multi Alternative against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 49.3%.
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 | VTI |
|---|---|---|
| Expense Ratio | 1.11% | 0.03%Best |
| AUM | $614M | $689.2B |
| Dividend Yield | 8.55% | 1.06% |
| Holdings | 74 | 3,524 |
| YTD Return | -1.86% | +13.02%Best |
| 1Y Return | -1.01% | +16.63%Best |
| 3Y Return (annualized) | +10.94% | +21.97%Best |
| 5Y Return (annualized) | +2.70% | +11.99%Best |
| Volatility (annualized) | 12.5%Best | 16.0% |
| Max Drawdown | -67.2% | -56.6%Best |
| $10,000 over 5 years | $11,425 | $17,616Best |
| Top 10 Weight | 49.3% | 33.5%Best |
| Fund Family | Eaton Vance | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jul 31, 2007 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Jul 27, 2007 to Oct 14, 2026 (19.2 years).
ETJ vs VTI 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 VTI Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year ETJ returned -1.01% while VTI returned +16.63%. Year to date, ETJ is down 1.86% versus a gain of 13.02% for VTI.
Over three years, ETJ compounded at +10.94% per year against +21.97% for VTI; over five years the annualized figures are +2.70% and +11.99% respectively. Across the full 19-year window we track, VTI has the edge at +9.45% annualized vs -2.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 12.5% 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 -67.2% for ETJ and -56.6% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ETJ charges 1.11% per year while VTI charges 0.03%. On a $10,000 position that is $111 vs $3 annually, a gap of $108 per year that compounds over a long holding period. On income, ETJ currently yields 8.55% against 1.06% for VTI.
Holdings Overlap
96.2% of ETJ's money is in holdings VTI also owns. 41.0% of VTI's money is in holdings ETJ also owns.
Most of ETJ is already inside VTI. Owning both mostly buys the same companies twice.
52 positions in common, counted across the 56 positions we hold weights for in ETJ and 3,441 in VTI, against full books of 74 and 3,524.
What only one of them owns
Our book lists 1,105 positions for VTI that do not appear in our book for ETJ (56.6% of the fund), and 0 for ETJ that do not appear in VTI (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ETJ | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.72% | 6.88% | 2.84% |
| MSFTMicrosoft Corp | 6.84% | 5.11% | 1.73% |
| AAPLApple, Inc | 5.24% | 6.30% | 1.06% |
| GOOGAlphabet Inc. C | 6.68% | 2.12% | 4.56% |
| AMZNAmazon.Com Inc | 5.21% | 3.41% | 1.80% |
| AVGOBroadcom Inc | 3.96% | 2.38% | 1.58% |
| JPMJpmorgan Chase | 3.26% | 1.29% | 1.97% |
| LLYEli Lilly & Co. | 2.77% | 1.33% | 1.44% |
| METAMeta Platforms Inc | 2.27% | 1.70% | 0.57% |
| VVisa Inc Class A | 2.95% | 0.85% | 2.10% |
96.2% of ETJ is already inside VTI.
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 VTI?
ETJ has an expense ratio of 1.11% while VTI charges 0.03%. VTI is the cheaper option, by $108 a year on a $10,000 investment.
Which performed better, ETJ or VTI?
Over the past year ETJ returned -1.01% vs +16.63% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (19 years), ETJ annualized -2.08% vs +9.45% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or VTI?
VTI has been the more volatile fund at 16.0% annualized versus 12.5% for ETJ. Worst drawdown: ETJ -67.2% vs VTI -56.6%.
Should I hold both ETJ and VTI?
ETJ and VTI have a monthly-return correlation of 0.57, 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 VTI?
96.2% of ETJ's money is in holdings VTI also owns. 41.0% of VTI's is in holdings ETJ also owns. They hold 52 positions in common, counted across the 56 positions we hold weights for in ETJ and 3,441 in VTI.
Which pays a higher dividend, ETJ or VTI?
ETJ yields 8.55% while VTI yields 1.06%, so ETJ currently pays the higher dividend yield.
Is VTI better than ETJ?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 49.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.