ETJ vs QQQ
ETJ vs QQQ
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | ETJ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.11% | 0.18% | |
| AUM | $544M | $455.8B | |
| Dividend Yield | 8.51% | 0.41% | |
| Holdings | 74 | 108 | |
| YTD Return | +2.25% | +18.20% | |
| 1Y Return | +3.37% | +27.63% | |
| 3Y Return (annualized) | +10.90% | +25.54% | |
| 5Y Return (annualized) | +3.48% | +15.12% | |
| Volatility (annualized) | 12.5% | 30.6% | |
| Max Drawdown | -67.2% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 31, 2007 | Mar 10, 1999 |
ETJ vs QQQ Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ETJ returned +3.37% while QQQ returned +27.63%. Year to date, ETJ is up 2.25% versus a gain of 18.20% for QQQ.
Over three years, ETJ compounded at +10.90% per year against +25.54% for QQQ; over five years the annualized figures are +3.48% and +15.12% respectively. Across the full 19-year window we track, QQQ has the edge at +13.11% annualized vs -1.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ETJ charges 1.11% per year while QQQ charges 0.18%. On a $10,000 position that is $111 vs $18 annually, a gap of $93 per year that compounds over a long holding period. On income, ETJ currently yields 8.51% against 0.41% for QQQ.
Holdings Overlap
ETJ and QQQ share 16 holdings out of 138 unique holdings combined, representing a 41.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ETJ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 8.98% | 7.88% | 1.10% |
| AAPL | 6.27% | 7.46% | 1.19% |
| MSFT | 5.60% | 4.65% | 0.95% |
| GOOG | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
See all 10 holdings ETJ shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ETJ or QQQ?
ETJ has an expense ratio of 1.11% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, ETJ or QQQ?
Over the past year ETJ returned +3.37% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), ETJ annualized -1.89% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, ETJ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.5% for ETJ. Worst drawdown: ETJ -67.2% vs QQQ -83.0%.
Should I hold both ETJ and QQQ?
ETJ and QQQ have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETJ and QQQ?
ETJ and QQQ share 16 common holdings with a 41.0% weight overlap. Combined, they hold 138 unique securities.
Which pays a higher dividend, ETJ or QQQ?
ETJ yields 8.51% while QQQ yields 0.41%, so ETJ currently pays the higher dividend yield.
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