ETJ vs SCHD
ETJ vs SCHD
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | ETJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.11% | 0.06% | |
| AUM | $544M | $103.7B | |
| Dividend Yield | 8.51% | 3.31% | |
| Holdings | 74 | 104 | |
| YTD Return | +1.77% | +23.53% | |
| 1Y Return | +3.92% | +30.95% | |
| 3Y Return (annualized) | +10.50% | +14.72% | |
| 5Y Return (annualized) | +3.18% | +9.56% | |
| Volatility (annualized) | 12.5% | 13.6% | |
| Max Drawdown | -67.2% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jul 31, 2007 | Oct 20, 2011 |
ETJ vs SCHD Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is a ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ETJ returned +3.92% while SCHD returned +30.95%. Year to date, ETJ is up 1.77% versus a gain of 23.53% for SCHD.
Over three years, ETJ compounded at +10.50% per year against +14.72% for SCHD; over five years the annualized figures are +3.18% and +9.56% respectively. Across the full 15-year window we track, SCHD has the edge at +11.35% annualized vs -1.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ETJ charges 1.11% per year while SCHD charges 0.06%. On a $10,000 position that is $111 vs $6 annually, a gap of $105 per year that compounds over a long holding period. On income, ETJ currently yields 8.51% against 3.31% for SCHD.
Holdings Overlap
ETJ and SCHD share 3 holdings out of 148 unique holdings combined, representing a 5.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ETJ or SCHD?
ETJ has an expense ratio of 1.11% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $105 per year of difference.
Which performed better, ETJ or SCHD?
Over the past year ETJ returned +3.92% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), ETJ annualized -1.91% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, ETJ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.5% for ETJ. Worst drawdown: ETJ -67.2% vs SCHD -33.4%.
Should I hold both ETJ and SCHD?
ETJ and SCHD have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETJ and SCHD?
ETJ and SCHD share 3 common holdings with a 5.8% weight overlap. Combined, they hold 148 unique securities.
Which pays a higher dividend, ETJ or SCHD?
ETJ yields 8.51% while SCHD yields 3.31%, so ETJ currently pays the higher dividend yield.
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