ETJ vs TAXF

Comparison between Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ, ETF) and AMERICAN CENTURY DIVERSIFIED MUNICIPAL BOND ETF (TAXF, ETF).

5-Year PerformanceETJ has outperformed TAXF, delivering a return of +3.0% compared to +1.1%

ETJ vs TAXF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETJ(ETF)	TAXF(ETF)
Net Assets	$626M	$627M
Expense Ratio	N/A	0.27%
Max Drawdown	67.20%	15.69%
Sharpe Ratio	-0.02	1.36
5Y Beta	0.68	0.03
5Y Dividends CAGR	-1.48%	11.45%

Net Assets

ETJ

$626M

Winner

TAXF

$627M

Expense Ratio

ETJ

N/A

TAXF

0.27%

Max Drawdown

ETJ

67.20%

Winner

TAXF

15.69%

Sharpe Ratio

ETJ

-0.02

Winner

TAXF

1.36

5Y Beta

ETJ

0.68

Winner

TAXF

0.03

5Y Dividends CAGR

ETJ

-1.48%

Winner

TAXF

11.45%

ETJ vs TAXF - Historical Returns

Returns include dividend reinvestment.

Period	ETJ	TAXF
1 month	-1.11%	+0.74%
3 months	-2.00%	+0.42%
6 months	-1.26%	+2.25%
1 year	+3.27%	+7.91%
5 years(CAGR)	+3.01%	+1.07%
10 years(CAGR)	+8.07%	N/A
Max(CAGR)	+5.33%	+2.88%

ETJ

-1.11%

Winner

TAXF

+0.74%

ETJ

-2.00%

Winner

TAXF

+0.42%

ETJ

-1.26%

Winner

TAXF

+2.25%

ETJ

+3.27%

Winner

TAXF

+7.91%

5Y(CAGR)

Winner

ETJ

+3.01%

TAXF

+1.07%

10Y(CAGR)

ETJ

+8.07%

TAXF

N/A

Max(CAGR)

Winner

ETJ

+5.33%

TAXF

+2.88%

ETJ vs TAXF - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	ETJ	TAXF
2026	-1.67%	+1.68%
2025	+4.37%	+3.92%
2024	+30.50%	+2.02%
2023	+14.46%	+6.98%
2022	-23.01%	-9.59%
2021	+15.18%	+2.77%
2020	+22.42%	+5.37%
2019	+26.64%	+8.75%
2018	-8.47%	+0.64%
2017	+18.00%	N/A
2016	+0.02%	N/A
2015	+4.14%	N/A
2014	+4.34%	N/A
2013	+17.40%	N/A
2012	+9.78%	N/A
2011	-13.13%	N/A
2010	-11.37%	N/A
2009	+3.45%	N/A
2008	+6.37%	N/A
2007	-4.18%	N/A

ETJ vs TAXF Drawdown Comparison

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

The maximum drawdown for TAXF was -13.94%, occurring on Oct 26, 2022. Recovery took 1041 trading sessions.

The current ETJ drawdown is -3.70%. The current TAXF drawdown is -0.48%.

Rank	ETJ	TAXF
#1	-32.81% Feb 19, 2020 - Jun 3, 2020	-13.94% Jul 19, 2021 - Sep 10, 2025
#2	-31.32% Apr 22, 2010 - Jan 14, 2014	-13.39% Mar 9, 2020 - Nov 23, 2020
#3	-30.40% Jul 31, 2008 - Jul 21, 2009	-2.93% Feb 27, 2026 - Mar 24, 2026
#4	-28.53% Nov 12, 2021 - Aug 16, 2024	-2.03% Feb 12, 2021 - May 25, 2021
#5	-19.65% Oct 1, 2018 - Apr 17, 2019	-1.58% Sep 4, 2019 - Dec 27, 2019
#6	-15.45% Dec 26, 2024 - Jun 30, 2025	-0.97% Sep 12, 2018 - Dec 4, 2018
#7	-15.30% Jul 27, 2007 - Apr 24, 2008	-0.55% Jun 10, 2021 - Jul 7, 2021
#8	-12.54% Jun 18, 2015 - Jul 8, 2016	-0.47% Jan 15, 2026 - Jan 30, 2026
#9	-10.41% Feb 2, 2026 - Mar 27, 2026	-0.43% Nov 11, 2025 - Nov 26, 2025
#10	-9.84% Aug 22, 2016 - Jan 25, 2017	-0.41% Nov 26, 2025 - Dec 23, 2025
#11	-8.46% Jan 12, 2018 - Jun 4, 2018	-0.32% Aug 15, 2019 - Aug 28, 2019
#12	-8.25% Nov 28, 2014 - Jun 18, 2015	-0.32% Sep 18, 2025 - Oct 1, 2025
#13	-8.19% Sep 18, 2014 - Nov 28, 2014	-0.30% Oct 24, 2025 - Nov 11, 2025
#14	-7.97% Sep 1, 2020 - Nov 13, 2020	-0.28% Jan 7, 2019 - Jan 14, 2019
#15	-6.75% Sep 18, 2009 - Jan 8, 2010	-0.27% Jan 31, 2020 - Feb 14, 2020

Correlation

Correlation between ETJ and TAXF is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2007 - 2026)

ETJ vs TAXF dividend yield comparison.

Year	ETJ	TAXF
2026	3.90%	1.60%
2025	8.86%	3.68%
2024	8.16%	3.38%
2023	8.86%	2.93%
2022	11.68%	2.05%
2021	8.53%	1.58%
2020	8.79%	2.13%
2019	9.77%	2.64%
2018	11.23%	0.69%
2017	9.82%	0.00%
2016	12.46%	0.00%
2015	10.98%	0.00%
2014	10.47%	0.00%
2013	9.90%	0.00%
2012	11.09%	0.00%
2011	12.23%	0.00%
2010	13.55%	0.00%
2009	10.80%	0.00%
2008	10.01%	0.00%
2007	2.41%	0.00%