ETJ vs VTI
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | ETJ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.11% | 0.03% | |
| AUM | $544M | $666.9B | |
| Dividend Yield | 8.49% | 1.07% | |
| Holdings | 74 | 3,543 | |
| YTD Return | +1.11% | +12.65% | |
| 1Y Return | +3.31% | +21.39% | |
| 3Y Return (annualized) | +11.18% | +21.54% | |
| 5Y Return (annualized) | +3.01% | +12.11% | |
| Volatility (annualized) | 12.5% | 15.3% | |
| Max Drawdown | -67.2% | -56.6% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 31, 2007 | May 24, 2001 |
ETJ vs VTI Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is a ETF from Eaton Vance and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year ETJ returned +3.31% while VTI returned +21.39%. Year to date, ETJ is up 1.11% versus a gain of 12.65% for VTI.
Over three years, ETJ compounded at +11.18% per year against +21.54% for VTI; over five years the annualized figures are +3.01% and +12.11% respectively. Across the full 19-year window we track, VTI has the edge at +8.07% annualized vs -1.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
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 8.49% against 1.07% for VTI.
Holdings Overlap
ETJ and VTI share 45 holdings out of 2793 unique holdings combined, representing a 35.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $108 per year of difference.
Which performed better, ETJ or VTI?
Over the past year ETJ returned +3.31% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (19 years), ETJ annualized -1.94% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, ETJ or VTI?
VTI has been the more volatile fund at 15.3% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETJ and VTI?
ETJ and VTI share 45 common holdings with a 35.6% weight overlap. Combined, they hold 2793 unique securities.
Which pays a higher dividend, ETJ or VTI?
ETJ yields 8.49% while VTI yields 1.07%, so ETJ currently pays the higher dividend yield.
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