ETJ vs VYM
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Vanguard High Dividend Yield ETF
Which is better, ETJ or VYM?
Multi Alternative against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 47.0%.
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 | VYM |
|---|---|---|
| Expense Ratio | 1.11% | 0.04%Best |
| AUM | $544M | $81.6B |
| Dividend Yield | 8.49% | 2.24% |
| Holdings | 74 | 613 |
| YTD Return | +1.47% | +14.82%Best |
| 1Y Return | +1.51% | +20.84%Best |
| 3Y Return (annualized) | +10.99% | +18.64%Best |
| 5Y Return (annualized) | +4.15% | +12.28%Best |
| Volatility (annualized) | 12.5%Best | 14.7% |
| Max Drawdown | -67.2% | -58.8%Best |
| $10,000 over 5 years | $12,255 | $17,845Best |
| Top 10 Weight | 47.0% | 25.9%Best |
| Fund Family | Eaton Vance | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Jul 31, 2007 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Jul 27, 2007 to Sep 4, 2026 (19.1 years).
ETJ vs VYM 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 19.1 years both funds cover.
ETJ vs VYM Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year ETJ returned +1.51% while VYM returned +20.84%. Year to date, ETJ is up 1.47% versus a gain of 14.82% for VYM.
Over three years, ETJ compounded at +10.99% per year against +18.64% for VYM; over five years the annualized figures are +4.15% and +12.28% respectively. Across the full 19-year window we track, VYM has the edge at +7.02% annualized vs -1.92%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.7% 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ETJ charges 1.11% per year while VYM charges 0.04%. On a $10,000 position that is $111 vs $4 annually, a gap of $107 per year that compounds over a long holding period. On income, ETJ currently yields 8.49% against 2.24% for VYM.
Holdings Overlap
26.3% of ETJ's money is in holdings VYM also owns. 19.4% of VYM's money is in holdings ETJ also owns.
ETJ and VYM share little of their money.
The two holdings books were reported 91 days apart, ETJ as of Mar 31, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
15 positions in common, counted across the 51 positions we hold weights for in ETJ and 603 in VYM, against full books of 74 and 613.
What only one of them owns
Our book lists 555 positions for VYM that do not appear in our book for ETJ (78.0% of the fund), and 31 for ETJ that do not appear in VYM (67.9%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.70% | 7.29% | 3.59% |
| JPMJpmorgan Chase | 3.03% | 3.38% | 0.35% |
| JNJJohnson & Johnson - Common | 1.87% | 2.54% | 0.67% |
| KOCoca Cola Co. | 2.76% | 1.31% | 1.45% |
| ABBVAbbvie Inc. | 2.18% | 1.85% | 0.33% |
| COPConocophillips Common Stock USD 0.01 | 2.77% | 0.53% | 2.24% |
| ETNEaton Corp Plc | 1.83% | 0.69% | 1.14% |
| ADIAnalog Devices, Inc. | 1.48% | 0.80% | 0.68% |
| EQTEQT Corp. | 1.35% | 0.13% | 1.22% |
| LHXL3Harris Technologies Inc. | 1.18% | 0.22% | 0.96% |
26.3% of ETJ is already inside VYM.
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 VYM?
ETJ has an expense ratio of 1.11% while VYM charges 0.04%. VYM is the cheaper option, by $107 a year on a $10,000 investment.
Which performed better, ETJ or VYM?
Over the past year ETJ returned +1.51% vs +20.84% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), ETJ annualized -1.92% vs +7.02% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or VYM?
VYM has been the more volatile fund at 14.7% annualized versus 12.5% for ETJ. Worst drawdown: ETJ -67.2% vs VYM -58.8%.
Should I hold both ETJ and VYM?
ETJ and VYM have a monthly-return correlation of 0.48, 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 VYM?
26.3% of ETJ's money is in holdings VYM also owns. 19.4% of VYM's is in holdings ETJ also owns. They hold 15 positions in common, counted across the 51 positions we hold weights for in ETJ and 603 in VYM.
Which pays a higher dividend, ETJ or VYM?
ETJ yields 8.49% while VYM yields 2.24%, so ETJ currently pays the higher dividend yield.
Is VYM better than ETJ?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 47.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.