ETJ vs VYM
ETJ vs VYM
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | ETJ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.11% | 0.04% | |
| AUM | $544M | $79.0B | |
| Dividend Yield | 8.51% | 2.86% | |
| Holdings | 74 | 568 | |
| YTD Return | +1.77% | +15.20% | |
| 1Y Return | +3.92% | +25.56% | |
| 3Y Return (annualized) | +10.50% | +17.86% | |
| 5Y Return (annualized) | +3.18% | +12.35% | |
| Volatility (annualized) | 12.5% | 14.6% | |
| Max Drawdown | -67.2% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 31, 2007 | Nov 10, 2006 |
ETJ vs VYM Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ETJ returned +3.92% while VYM returned +25.56%. Year to date, ETJ is up 1.77% versus a gain of 15.20% for VYM.
Over three years, ETJ compounded at +10.50% per year against +17.86% for VYM; over five years the annualized figures are +3.18% and +12.35% respectively. Across the full 19-year window we track, VYM has the edge at +7.05% annualized vs -1.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
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 8.51% against 2.86% for VYM.
Holdings Overlap
ETJ and VYM share 14 holdings out of 595 unique holdings combined, representing a 16.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ETJ | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 3.70% | 6.47% | 2.77% |
| JPM:US | 3.03% | 3.36% | 0.33% |
| JNJ | 1.87% | 2.62% | 0.75% |
| WMT | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| COP | Pro | Pro | Pro |
| ETN | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| EQT | Pro | Pro | Pro |
See all 10 holdings ETJ shares with VYM 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 VYM?
ETJ has an expense ratio of 1.11% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $107 per year of difference.
Which performed better, ETJ or VYM?
Over the past year ETJ returned +3.92% vs +25.56% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), ETJ annualized -1.91% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, ETJ or VYM?
VYM has been the more volatile fund at 14.6% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETJ and VYM?
ETJ and VYM share 14 common holdings with a 16.5% weight overlap. Combined, they hold 595 unique securities.
Which pays a higher dividend, ETJ or VYM?
ETJ yields 8.51% while VYM yields 2.86%, so ETJ currently pays the higher dividend yield.
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