ETJ vs. SRV
ETJ (Eaton Vance Risk-Managed Diversified Equity Income Fund) and SRV (NXG Cushing® Midstream Energy Fund) are both mutual funds - ETJ is a Global Equity Income fund managed by Eaton Vance, while SRV is a Energy Equities fund actively managed by NXG. Over the past 10 years, ETJ returned 8.32%/yr vs 12.12%/yr for SRV. At a 0.27 correlation, their price movements are largely independent. ETJ charges 0.01%/yr vs 1.00%/yr for SRV.
Performance
ETJ vs. SRV - Performance Comparison
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Returns By Period
In the year-to-date period, ETJ achieves a -2.44% return, which is significantly lower than SRV's 31.36% return. Over the past 10 years, ETJ has underperformed SRV with an annualized return of 8.32%, while SRV has yielded a comparatively higher 12.12% annualized return.
ETJ
- 1D
- -0.60%
- 1M
- -1.61%
- YTD
- -2.44%
- 6M
- -1.89%
- 1Y
- 3.70%
- 3Y*
- 9.55%
- 5Y*
- 2.43%
- 10Y*
- 8.32%
SRV
- 1D
- 3.74%
- 1M
- -1.00%
- YTD
- 31.36%
- 6M
- 36.75%
- 1Y
- 36.76%
- 3Y*
- 29.01%
- 5Y*
- 25.60%
- 10Y*
- 12.12%
ETJ vs. SRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund | -2.44% | 3.49% | 29.55% | 14.15% | -22.74% | 11.92% | 22.31% | 26.78% | -7.03% | 18.93% |
SRV NXG Cushing® Midstream Energy Fund | 31.36% | 5.05% | 50.70% | 19.88% | 20.11% | 50.45% | -41.65% | 33.99% | -21.61% | -4.21% |
Correlation
The correlation between ETJ and SRV is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007 | 0.27 |
The correlation between ETJ and SRV shifts across timeframes, from 0.08 (1 year) to 0.28 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ETJ vs. SRV — Risk / Return Rank
ETJ
SRV
ETJ vs. SRV - 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 NXG Cushing® Midstream Energy Fund (SRV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETJ | SRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.34 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.81 | -2.45 |
| Martin ratioReturn relative to average drawdown | 1.37 | 8.00 | -6.63 |
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Drawdowns
ETJ vs. SRV - Drawdown Comparison
The maximum ETJ drawdown since its inception was -32.81%, smaller than the maximum SRV drawdown of -92.97%. Use the drawdown chart below to compare losses from any high point for ETJ and SRV.
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Drawdown Indicators
| ETJ | SRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.81% | -92.97% | +60.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -13.13% | +2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -26.26% | +10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -28.55% | -26.26% | -2.29% |
Max Drawdown (10Y)Largest decline over 10 years | -32.81% | -81.70% | +48.89% |
Current DrawdownCurrent decline from peak | -4.35% | -8.36% | +4.01% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -48.66% | +41.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 4.62% | -1.90% |
Volatility
ETJ vs. SRV - Volatility Comparison
The current volatility for Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is 2.81%, while NXG Cushing® Midstream Energy Fund (SRV) has a volatility of 7.44%. This indicates that ETJ experiences smaller price fluctuations and is considered to be less risky than SRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETJ | SRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 7.44% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | 15.77% | -6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 19.56% | -8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.59% | 26.44% | -10.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 38.31% | -20.34% |
ETJ vs. SRV - Expense Ratio Comparison
ETJ has a 0.01% expense ratio, which is lower than SRV's 1.00% expense ratio.
Dividends
ETJ vs. SRV - Dividend Comparison
ETJ's dividend yield for the trailing twelve months is around 9.50%, less than SRV's 15.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund | 9.50% | 8.86% | 8.16% | 8.86% | 11.68% | 8.53% | 8.79% | 9.77% | 11.23% | 9.82% | 12.46% | 10.98% |
SRV NXG Cushing® Midstream Energy Fund | 15.72% | 19.31% | 12.85% | 15.56% | 8.85% | 4.72% | 12.05% | 10.59% | 12.73% | 9.07% | 7.95% | 11.01% |
Frequently Asked Questions
ETJ and SRV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRV has higher volatility (7.44%) compared to ETJ (2.81%). In terms of maximum drawdown, ETJ dropped -32.81% vs SRV's -92.97%.
SRV currently has the higher Sharpe Ratio (1.89 vs 0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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