Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ)

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The chart shows the growth of an initial investment of $10,000 in Eaton Vance Risk-Managed Diversified Equity Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) has returned -5.25% so far this year and 5.57% over the past 12 months. Over the last ten years, ETJ has returned 8.27% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jul 27, 2007, ETJ's average daily return is +0.03%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Jul 2022 with a return of +14.2%, while the worst month was Dec 2018 at -12.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ETJ closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +19.0%, while the worst single day was Mar 18, 2020 at -14.8%.

Eaton Vance Risk-Managed Diversified Equity Income Fund has an annualized alpha of 0.59%, beta of 0.62, and R² of 0.44 versus S&P 500 Index. Calculated based on daily prices since July 30, 2007.

• This fund participated in 57.39% of S&P 500 Index downside but only 50.22% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.62 may look defensive, but with R² of 0.44 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.44 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

ETJ has an expense ratio of 0.01%, which is considered low.

ETJ ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) and compare them to a chosen benchmark (S&P 500 Index).

Eaton Vance Risk-Managed Diversified Equity Income Fund provided a 9.56% dividend yield over the last twelve months, with an annual payout of $0.78 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Eaton Vance Risk-Managed Diversified Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Eaton Vance Risk-Managed Diversified Equity Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Eaton Vance Risk-Managed Diversified Equity Income Fund was 32.81%, occurring on Mar 18, 2020. Recovery took 55 trading sessions.

The current Eaton Vance Risk-Managed Diversified Equity Income Fund drawdown is 7.10%.

The chart below shows the rolling one-month volatility.