ETJ vs XYLD
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Global X S&P 500 Covered Call ETF
Which is better, ETJ or XYLD?
XYLD has been ahead.
XYLD has a lower expense ratio. XYLD led over 1Y, 3Y, 5Y and the full window. XYLD is less concentrated, with 39.8% 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 | XYLD |
|---|---|---|
| Expense Ratio | 1.11% | 0.60%Best |
| AUM | $614M | $3.4B |
| Dividend Yield | 8.55% | 10.44% |
| Holdings | 74 | 1,014 |
| YTD Return | -1.86% | +11.42%Best |
| 1Y Return | -1.01% | +18.43%Best |
| 3Y Return (annualized) | +10.94% | +13.38%Best |
| 5Y Return (annualized) | +2.70% | +7.59%Best |
| Volatility (annualized) | 12.8% | 11.1%Best |
| Max Drawdown | -44.9% | -34.7%Best |
| $10,000 over 5 years | $11,425 | $14,416Best |
| Top 10 Weight | 49.3% | 39.8%Best |
| Fund Family | Eaton Vance | Global X by mirae Asset |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 31, 2007 | Jun 21, 2013 |
Volatility and max drawdown are measured over the window both funds cover: Jun 24, 2013 to Oct 14, 2026 (13.3 years).
ETJ vs XYLD 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 13.3 years both funds cover.
ETJ vs XYLD Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and Global X S&P 500 Covered Call ETF (XYLD) is an ETF from Global X by mirae Asset. Over the past year ETJ returned -1.01% while XYLD returned +18.43%. Year to date, ETJ is down 1.86% versus a gain of 11.42% for XYLD.
Over three years, ETJ compounded at +10.94% per year against +13.38% for XYLD; over five years the annualized figures are +2.70% and +7.59% respectively. Across the full 13-year window we track, XYLD has the edge at +5.08% annualized vs +1.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETJ has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 11.1% for XYLD. 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 -34.7% for XYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ETJ charges 1.11% per year while XYLD charges 0.60%. On a $10,000 position that is $111 vs $60 annually, a gap of $51 per year that compounds over a long holding period. On income, ETJ currently yields 8.55% against 10.44% for XYLD.
Holdings Overlap
88.7% of ETJ's money is in holdings XYLD also owns. 48.2% of XYLD's money is in holdings ETJ also owns.
Most of ETJ is already inside XYLD. Owning both mostly buys the same companies twice.
41 positions in common, counted across the 56 positions we hold weights for in ETJ and 496 in XYLD, against full books of 74 and 1,014.
What only one of them owns
Our book lists 451 positions for XYLD that do not appear in our book for ETJ (53.0% of the fund), and 10 for ETJ that do not appear in XYLD (7.0%).
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 XYLD | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.72% | 8.64% | 1.08% |
| MSFTMicrosoft Corp | 6.84% | 5.87% | 0.97% |
| AAPLApple, Inc | 5.24% | 7.44% | 2.20% |
| GOOGAlphabet Inc. C | 6.68% | 2.46% | 4.22% |
| AMZNAmazon.Com Inc | 5.21% | 3.77% | 1.44% |
| AVGOBroadcom Inc | 3.96% | 2.58% | 1.38% |
| METAMeta Platforms Inc | 2.27% | 2.46% | 0.19% |
| JPMJpmorgan Chase | 3.26% | 1.35% | 1.91% |
| LLYEli Lilly & Co. | 2.77% | 1.40% | 1.37% |
| VVisa Inc Class A | 2.95% | 0.94% | 2.01% |
88.7% of ETJ is already inside XYLD.
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 XYLD?
ETJ has an expense ratio of 1.11% while XYLD charges 0.60%. XYLD is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, ETJ or XYLD?
Over the past year ETJ returned -1.01% vs +18.43% for XYLD, so XYLD leads on 1-year performance. Over the longest common window we track (13 years), ETJ annualized +1.69% vs +5.08% for XYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or XYLD?
ETJ has been the more volatile fund at 12.8% annualized versus 11.1% for XYLD. Worst drawdown: ETJ -44.9% vs XYLD -34.7%.
Should I hold both ETJ and XYLD?
ETJ and XYLD have a monthly-return correlation of 0.67, 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 XYLD?
88.7% of ETJ's money is in holdings XYLD also owns. 48.2% of XYLD's is in holdings ETJ also owns. They hold 41 positions in common, counted across the 56 positions we hold weights for in ETJ and 496 in XYLD.
Which pays a higher dividend, ETJ or XYLD?
ETJ yields 8.55% while XYLD yields 10.44%, so XYLD currently pays the higher dividend yield.
Is XYLD better than ETJ?
XYLD has a lower expense ratio. XYLD led over 1Y, 3Y, 5Y and the full window. XYLD is less concentrated, with 39.8% 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.