DSEP vs ETJ
FT Vest US Equity Deep Buffer ETF - September vs Eaton Vance Risk-Managed Diversified Equity Income Fund
Which is better, DSEP or ETJ?
DSEP has been ahead.
DSEP has a lower expense ratio. DSEP 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 | DSEP | ETJ |
|---|---|---|
| Expense Ratio | 0.85%Best | 1.11% |
| AUM | $423M | $614M |
| Dividend Yield | 0.00% | 8.73% |
| Holdings | 10 | 56 |
| YTD Return | +8.74%Best | -3.39% |
| 1Y Return | +9.57%Best | -3.48% |
| 3Y Return (annualized) | +12.09%Best | +9.89% |
| 5Y Return (annualized) | +8.23%Best | +1.38% |
| Volatility (annualized) | 6.9%Best | 13.7% |
| Max Drawdown | -11.8%Best | -28.6% |
| $10,000 over 5 years | $14,850Best | $10,709 |
| Fund Family | First Trust Portfolios (US) | Eaton Vance |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 18, 2020 | Jul 31, 2007 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2020 to Nov 11, 2026 (6.1 years).
DSEP vs ETJ 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 6.1 years both funds cover.
DSEP vs ETJ Performance
FT Vest US Equity Deep Buffer ETF - September (DSEP) is an ETF from First Trust Portfolios (US) and Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance. Over the past year DSEP returned +9.57% while ETJ returned -3.48%. Year to date, DSEP is up 8.74% versus a loss of 3.39% for ETJ.
Over three years, DSEP compounded at +12.09% per year against +9.89% for ETJ; over five years the annualized figures are +8.23% and +1.38% respectively. Across the full 6-year window we track, DSEP has the edge at +8.46% annualized vs +4.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETJ has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 6.9% for DSEP. 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 -11.8% for DSEP and -28.6% for ETJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DSEP charges 0.85% per year while ETJ charges 1.11%. On a $10,000 position that is $85 vs $111 annually, a gap of $26 per year that compounds over a long holding period. On income, DSEP currently yields 0.00% against 8.73% for ETJ.
You are not choosing between two funds in isolation.
Whichever of DSEP and ETJ 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, DSEP or ETJ?
DSEP has an expense ratio of 0.85% while ETJ charges 1.11%. DSEP is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, DSEP or ETJ?
Over the past year DSEP returned +9.57% vs -3.48% for ETJ, so DSEP leads on 1-year performance. Over the longest common window we track (6 years), DSEP annualized +8.46% vs +4.78% for ETJ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSEP or ETJ?
ETJ has been the more volatile fund at 13.7% annualized versus 6.9% for DSEP. Worst drawdown: DSEP -11.8% vs ETJ -28.6%.
Should I hold both DSEP and ETJ?
DSEP and ETJ have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DSEP or ETJ?
DSEP yields 0.00% while ETJ yields 8.73%, so ETJ currently pays the higher dividend yield.
Is ETJ better than DSEP?
DSEP has a lower expense ratio. DSEP 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.