ETJ vs SPY
Comparison between Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed ETJ, delivering a return of +13.3% compared to +3.0%
ETJ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ETJ vs SPY - Historical Returns
Returns include dividend reinvestment.
ETJ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ETJ | SPY |
|---|---|---|
| 2026 | -1.67% | +8.26% |
| 2025 | +4.37% | +18.00% |
| 2024 | +30.50% | +25.59% |
| 2023 | +14.46% | +26.72% |
| 2022 | -23.01% | -18.64% |
| 2021 | +15.18% | +30.52% |
| 2020 | +22.42% | +17.28% |
| 2019 | +26.64% | +31.09% |
| 2018 | -8.47% | -5.24% |
| 2017 | +18.00% | +20.78% |
| 2016 | +0.02% | +13.59% |
| 2015 | +4.14% | +1.31% |
| 2014 | +4.34% | +14.56% |
| 2013 | +17.40% | +29.00% |
| 2012 | +9.78% | +14.17% |
| 2011 | -13.13% | +0.85% |
| 2010 | -11.37% | +13.14% |
| 2009 | +3.45% | +22.67% |
| 2008 | +6.37% | -36.25% |
| 2007 | -4.18% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
ETJ vs SPY Drawdown Comparison
The maximum drawdown for ETJ was -32.81%, occurring on Mar 18, 2020. Recovery took 73 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ETJ drawdown is -3.70%. The current SPY drawdown is -2.90%.
| Rank | ETJ | SPY |
|---|---|---|
| #1 | -32.81% Feb 19, 2020 - Jun 3, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -31.32% Apr 22, 2010 - Jan 14, 2014 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -30.40% Jul 31, 2008 - Jul 21, 2009 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.53% Nov 12, 2021 - Aug 16, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.65% Oct 1, 2018 - Apr 17, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.45% Dec 26, 2024 - Jun 30, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.30% Jul 27, 2007 - Apr 24, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.54% Jun 18, 2015 - Jul 8, 2016 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.41% Feb 2, 2026 - Mar 27, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.84% Aug 22, 2016 - Jan 25, 2017 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.46% Jan 12, 2018 - Jun 4, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.25% Nov 28, 2014 - Jun 18, 2015 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.19% Sep 18, 2014 - Nov 28, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.97% Sep 1, 2020 - Nov 13, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.75% Sep 18, 2009 - Jan 8, 2010 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ETJ and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
ETJ vs SPY dividend yield comparison.
| Year | ETJ | SPY |
|---|---|---|
| 2026 | 3.90% | 0.24% |
| 2025 | 8.86% | 1.07% |
| 2024 | 8.16% | 1.21% |
| 2023 | 8.86% | 1.40% |
| 2022 | 11.68% | 1.65% |
| 2021 | 8.53% | 1.20% |
| 2020 | 8.79% | 1.52% |
| 2019 | 9.77% | 1.75% |
| 2018 | 11.23% | 2.04% |
| 2017 | 9.82% | 1.80% |
| 2016 | 12.46% | 2.03% |
| 2015 | 10.98% | 2.06% |
| 2014 | 10.47% | 1.87% |
| 2013 | 9.90% | 1.81% |
| 2012 | 11.09% | 2.18% |
| 2011 | 12.23% | 2.05% |
| 2010 | 13.55% | 1.80% |
| 2009 | 10.80% | 1.95% |
| 2008 | 10.01% | 3.02% |
| 2007 | 2.41% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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