ETJ vs. HEQT
Compare and contrast key facts about Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) and Simplify Hedged Equity ETF (HEQT).
ETJ is managed by Eaton Vance. It was launched on Jul 31, 2007. HEQT is an actively managed fund by Simplify. It was launched on Nov 1, 2021.
Performance
ETJ vs. HEQT - Performance Comparison
Loading graphics...
ETJ vs. HEQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund | -5.25% | 3.49% | 29.55% | 14.15% | -22.74% | -5.50% |
HEQT Simplify Hedged Equity ETF | -1.81% | 10.08% | 18.30% | 16.61% | -8.25% | 2.16% |
Returns By Period
In the year-to-date period, ETJ achieves a -5.25% return, which is significantly lower than HEQT's -1.81% return.
ETJ
- 1D
- 0.00%
- 1M
- -6.12%
- YTD
- -5.25%
- 6M
- -4.53%
- 1Y
- 5.07%
- 3Y*
- 10.18%
- 5Y*
- 3.25%
- 10Y*
- 8.27%
HEQT
- 1D
- -0.41%
- 1M
- -3.20%
- YTD
- -1.81%
- 6M
- 0.91%
- 1Y
- 11.06%
- 3Y*
- 12.38%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ETJ vs. HEQT - Expense Ratio Comparison
ETJ has a 0.01% expense ratio, which is lower than HEQT's 0.53% expense ratio.
Return for Risk
ETJ vs. HEQT — Risk / Return Rank
ETJ
HEQT
ETJ vs. HEQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) and Simplify Hedged Equity ETF (HEQT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ETJ | HEQT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 1.31 | -1.00 |
Sortino ratioReturn per unit of downside risk | 0.57 | 1.90 | -1.33 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.29 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 2.14 | -1.61 |
Martin ratioReturn relative to average drawdown | 2.30 | 9.20 | -6.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ETJ | HEQT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.31 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.92 | -0.64 |
Correlation
The correlation between ETJ and HEQT is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ETJ vs. HEQT - Dividend Comparison
ETJ's dividend yield for the trailing twelve months is around 9.56%, more than HEQT's 1.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund | 9.56% | 8.86% | 8.16% | 8.86% | 11.68% | 8.53% | 8.79% | 9.77% | 11.23% | 9.82% | 12.46% | 10.98% |
HEQT Simplify Hedged Equity ETF | 1.28% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ETJ vs. HEQT - Drawdown Comparison
The maximum ETJ drawdown since its inception was -32.81%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for ETJ and HEQT.
Loading graphics...
Drawdown Indicators
| ETJ | HEQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.81% | -11.51% | -21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -5.22% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -28.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.81% | — | — |
Current DrawdownCurrent decline from peak | -7.10% | -3.58% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -2.88% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 1.22% | +1.21% |
Volatility
ETJ vs. HEQT - Volatility Comparison
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) has a higher volatility of 5.65% compared to Simplify Hedged Equity ETF (HEQT) at 3.50%. This indicates that ETJ's price experiences larger fluctuations and is considered to be riskier than HEQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ETJ | HEQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 3.50% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 5.60% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 8.45% | +7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 8.57% | +6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 8.57% | +9.37% |