EQTY vs ERNZ
Kovitz Core Equity ETF vs TrueShares Active Yield ETF
Which is better, EQTY or ERNZ?
EQTY has been ahead.
EQTY has a lower expense ratio. EQTY led over 1Y and the full window. ERNZ is less concentrated, with 22.5% of the fund in its ten largest positions against 42.9%.
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 | EQTY | ERNZ |
|---|---|---|
| Expense Ratio | 0.99%Best | 3.25% |
| AUM | $1.4B | $6M |
| Dividend Yield | 0.02% | 8.71% |
| Holdings | 77 | 144 |
| Volatility (annualized) | 11.2% | 9.6%Best |
| Max Drawdown | -17.3% | -14.2%Best |
| $10,000 over 1.9 years | $12,375Best | $9,968 |
| Top 10 Weight | 42.9% | 22.5%Best |
| Fund Family | Kovitz Investment Group | TrueShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Apr 30, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 232 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. EQTY has data through Nov 11, 2026 and ERNZ through Mar 24, 2026.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: May 1, 2024 to Mar 24, 2026 (1.9 years).
Risk: Volatility and Drawdowns
EQTY has been the more volatile fund, with annualized monthly volatility of 11.2% compared with 9.6% for ERNZ. 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 -17.3% for EQTY and -14.2% for ERNZ. 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
EQTY charges 0.99% per year while ERNZ charges 3.25%. On a $10,000 position that is $99 vs $325 annually, a gap of $226 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 8.71% for ERNZ.
Holdings Overlap
4.2% of EQTY's money is in holdings ERNZ also owns. 0.4% of ERNZ's money is in holdings EQTY also owns.
EQTY and ERNZ share little of their money.
The two holdings books were reported 258 days apart, EQTY as of Oct 15, 2026 and ERNZ as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 37 positions we hold weights for in EQTY and 141 in ERNZ, against full books of 77 and 144.
What only one of them owns
Our book lists 131 positions for ERNZ that do not appear in our book for EQTY (92.0% of the fund), and 35 for EQTY that do not appear in ERNZ (89.1%).
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 EQTY | Weight in ERNZ | Difference |
|---|---|---|---|
| PMPhilip Morris International Inc. | 4.17% | 0.38% | 3.79% |
You are not choosing between two funds in isolation.
Whichever of EQTY and ERNZ 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, EQTY or ERNZ?
EQTY has an expense ratio of 0.99% while ERNZ charges 3.25%. EQTY is the cheaper option, by $226 a year on a $10,000 investment.
Which is riskier, EQTY or ERNZ?
EQTY has been the more volatile fund at 11.2% annualized versus 9.6% for ERNZ. Worst drawdown: EQTY -17.3% vs ERNZ -14.2%.
Should I hold both EQTY and ERNZ?
EQTY and ERNZ 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 EQTY and ERNZ?
4.2% of EQTY's money is in holdings ERNZ also owns. 0.4% of ERNZ's is in holdings EQTY also owns. They hold 1 positions in common, counted across the 37 positions we hold weights for in EQTY and 141 in ERNZ.
Which pays a higher dividend, EQTY or ERNZ?
EQTY yields 0.02% while ERNZ yields 8.71%, so ERNZ currently pays the higher dividend yield.
Is ERNZ better than EQTY?
EQTY has a lower expense ratio. EQTY led over 1Y and the full window. ERNZ is less concentrated, with 22.5% of the fund in its ten largest positions against 42.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.