ETJ vs FNY

Comparison between Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ, ETF) and FIRST TRUST MID CAP GROWTH ALPHADEX FUND (FNY, ETF).

5-Year PerformanceFNY has outperformed ETJ, delivering a return of +7.7% compared to +2.6%

ETJ vs FNY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETJ(ETF)	FNY(ETF)
Net Assets	$618M	$615M
Expense Ratio	N/A	0.73%
Max Drawdown	67.20%	38.91%
Sharpe Ratio	0.04	0.95
5Y Beta	0.67	1.16
P/E Ratio	N/A	63.90
Forward P/E	N/A	21.23
5Y Dividends CAGR	-1.48%	28.49%
5Y EPS CAGR	N/A	13.85%
Debt to Equity	N/A	-37.35%
P/S Ratio	N/A	3.23
P/B Ratio	N/A	4.54

Net Assets

Winner

ETJ

$618M

FNY

$615M

Expense Ratio

ETJ

N/A

FNY

0.73%

Max Drawdown

ETJ

67.20%

Winner

FNY

38.91%

Sharpe Ratio

ETJ

0.04

Winner

FNY

0.95

5Y Beta

Winner

ETJ

0.67

FNY

1.16

P/E Ratio

ETJ

N/A

FNY

63.90

Forward P/E

ETJ

N/A

FNY

21.23

5Y Dividends CAGR

ETJ

-1.48%

Winner

FNY

28.49%

5Y EPS CAGR

ETJ

N/A

FNY

13.85%

Debt to Equity

ETJ

N/A

FNY

-37.35%

P/S Ratio

ETJ

N/A

FNY

3.23

P/B Ratio

ETJ

N/A

FNY

4.54

ETJ vs FNY - Historical Returns

Returns include dividend reinvestment.

Period	ETJ	FNY
1 month	+3.47%	-3.88%
3 months	+3.21%	+4.76%
6 months	+0.89%	+6.29%
1 year	+3.30%	+25.46%
5 years(CAGR)	+2.61%	+7.65%
10 years(CAGR)	+8.32%	+13.32%
Max(CAGR)	+5.45%	+11.55%

Winner

ETJ

+3.47%

FNY

-3.88%

ETJ

+3.21%

Winner

FNY

+4.76%

ETJ

+0.89%

Winner

FNY

+6.29%

ETJ

+3.30%

Winner

FNY

+25.46%

5Y(CAGR)

ETJ

+2.61%

Winner

FNY

+7.65%

10Y(CAGR)

ETJ

+8.32%

Winner

FNY

+13.32%

Max(CAGR)

ETJ

+5.45%

Winner

FNY

+11.55%

ETJ vs FNY - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	ETJ	FNY
2026	+1.06%	+12.57%
2025	+4.37%	+13.68%
2024	+30.50%	+19.64%
2023	+14.46%	+22.92%
2022	-23.01%	-23.74%
2021	+15.18%	+14.74%
2020	+22.42%	+36.26%
2019	+26.64%	+32.87%
2018	-8.47%	-8.16%
2017	+18.00%	+24.37%
2016	+0.02%	+11.51%
2015	+4.14%	-0.73%
2014	+4.34%	+6.60%
2013	+17.40%	+33.44%
2012	+9.78%	+9.65%
2011	-13.13%	-8.53%
2010	-11.37%	N/A
2009	+3.45%	N/A
2008	+6.37%	N/A
2007	-4.18%	N/A

ETJ vs FNY Drawdown Comparison

The maximum drawdown for ETJ was -32.81%, occurring on Mar 18, 2020. Recovery took 73 trading sessions.

The maximum drawdown for FNY was -38.91%, occurring on Mar 23, 2020. Recovery took 115 trading sessions.

The current ETJ drawdown is -1.03%. The current FNY drawdown is -5.68%.

Rank	ETJ	FNY
#1	-32.81% Feb 19, 2020 - Jun 3, 2020	-38.91% Feb 19, 2020 - Aug 3, 2020
#2	-31.32% Apr 22, 2010 - Jan 14, 2014	-33.94% Nov 8, 2021 - Sep 19, 2024
#3	-30.40% Jul 31, 2008 - Jul 21, 2009	-29.03% Sep 14, 2018 - Jul 24, 2019
#4	-28.53% Nov 12, 2021 - Aug 16, 2024	-25.68% Jul 7, 2011 - Jan 15, 2013
#5	-19.65% Oct 1, 2018 - Apr 17, 2019	-24.97% Nov 25, 2024 - Aug 28, 2025
#6	-15.45% Dec 26, 2024 - Jun 30, 2025	-19.89% Jun 23, 2015 - Sep 2, 2016
#7	-15.30% Jul 27, 2007 - Apr 24, 2008	-13.89% Feb 12, 2021 - Jun 25, 2021
#8	-12.54% Jun 18, 2015 - Jul 8, 2016	-12.85% Jul 1, 2014 - Nov 24, 2014
#9	-10.41% Feb 2, 2026 - Mar 27, 2026	-12.01% Jan 22, 2026 - Apr 17, 2026
#10	-9.84% Aug 22, 2016 - Jan 25, 2017	-10.16% Oct 27, 2025 - Dec 11, 2025
#11	-8.46% Jan 12, 2018 - Jun 4, 2018	-9.89% Sep 7, 2016 - Dec 7, 2016
#12	-8.25% Nov 28, 2014 - Jun 18, 2015	-9.44% Apr 29, 2011 - Jul 6, 2011
#13	-8.19% Sep 18, 2014 - Nov 28, 2014	-9.03% Jan 26, 2018 - Mar 9, 2018
#14	-7.97% Sep 1, 2020 - Nov 13, 2020	-8.54% May 21, 2013 - Jul 22, 2013
#15	-6.75% Sep 18, 2009 - Jan 8, 2010	-8.32% Oct 13, 2020 - Nov 5, 2020

Correlation

Correlation between ETJ and FNY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99

-101

Dividend Comparison (2007 - 2026)

ETJ vs FNY dividend yield comparison.

Year	ETJ	FNY
2026	5.40%	0.00%
2025	8.86%	0.03%
2024	8.16%	0.56%
2023	8.86%	0.24%
2022	11.68%	0.24%
2021	8.53%	0.00%
2020	8.79%	0.25%
2019	9.77%	0.28%
2018	11.23%	0.06%
2017	9.82%	0.21%
2016	12.46%	0.60%
2015	10.98%	0.46%
2014	10.47%	0.22%
2013	9.90%	0.35%
2012	11.09%	0.50%
2011	12.23%	0.02%
2010	13.55%	0.00%
2009	10.80%	0.00%
2008	10.01%	0.00%
2007	2.41%	0.00%