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

Financial Services | Asset Management | Boston, United States | NYSE
8.00 USD 0.00 (-0.061%) ⇩ (Oct. 15, 2026, 4 p.m. EDT)
Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Oct. 10, 2026, 7:49 a.m. EDT

The immediate outlook is bearish due to a confluence of negative momentum and deteriorating fundamentals. Price action over the last two months shows a steady grind lower, trading well below both the 50-day and 200-day moving averages, while the statistical forecast model predicts a further decline over the next 45 days. This technical weakness is reinforced by a severe long-term structural decline: the asset has lost over 7% of its value since 2016, driven by six out of nine years of negative annual returns, including a catastrophic -25% drop in 2022. Although the most recent year saw a rebound, the underlying business quality appears compromised, evidenced by a trailing P/E of 28x on earnings of merely $0.29 and a payout ratio exceeding 260%, which suggests the dividend is being funded by capital erosion rather than sustainable cash flow. While the 9.6% yield is attractive on paper, it is a trap for income investors given the unsustainable payout mechanics and the high probability of future cuts or price depreciation.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.012540
AutoTheta0.012678
AutoARIMA0.012909
MSTL0.013674

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 65%
H-stat 0.48
Ljung-Box p 0.000
Jarque-Bera p 0.115
Excess Kurtosis -0.60
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-10-14
Last Dividend Date 2026-10-14
Market Cap 538,414,272
Trailing P/E 27.59
Website https://funds.eatonvance.com/Risk-Managed-Diversified-Equity-Income-Fund-ETJ.php

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.81% 9.95% 9.17% 9.18%
Dividend History
Date Dividend Yield %
2026-10-15 0.065 0.812500
2026-09-15 0.065 0.795594
2026-08-14 0.065 0.769231
2026-07-15 0.065 0.769231
2026-06-15 0.065 0.774732
2026-05-15 0.065 0.785973
2026-04-15 0.065 0.764706
2026-03-16 0.065 0.771971
2026-02-17 0.065 0.749712
2026-01-15 0.065 0.736961
2025-12-15 0.065 0.750577
2025-11-14 0.065 0.742009
2025-10-15 0.065 0.729517
2025-09-15 0.065 0.719823
2025-08-15 0.065 0.727884
2025-07-15 0.065 0.727884
2025-06-16 0.065 0.738636
2025-05-15 0.065 0.736961
2025-04-15 0.065 0.793651
2025-03-14 0.065 0.754060
2025-02-14 0.065 0.712719
2025-01-15 0.065 0.708061
2024-12-23 0.065 0.698174
2024-11-21 0.065 0.705755
2024-10-23 0.065 0.707291
2024-09-20 0.065 0.711939
2024-08-22 0.065 0.724638
2024-07-23 0.065 0.728700
2024-06-21 0.065 0.746269
2024-05-23 0.065 0.768322
2024-04-22 0.065 0.783133
2024-03-20 0.058 0.688836
2024-02-21 0.058 0.703030
2024-01-22 0.058 0.727729
2023-12-21 0.058 0.743590
2023-11-21 0.058 0.727729
2023-10-20 0.058 0.762155
2023-09-21 0.058 0.760157
2023-08-21 0.058 0.728643
2023-07-21 0.058 0.695444
2023-06-21 0.058 0.700483
2023-05-19 0.058 0.735108
2023-04-21 0.058 0.743590
2023-03-21 0.058 0.761155
2023-02-21 0.058 0.747423
2023-01-23 0.058 0.747423
2022-12-22 0.058 0.768212
2022-11-22 0.058 0.687204
2022-10-21 0.076 0.925700
2022-09-22 0.076 0.867580
2022-08-23 0.076 0.800843
2022-07-21 0.076 0.809372
2022-06-22 0.076 0.903686
2022-05-23 0.076 0.865604
2022-04-21 0.076 0.793319
2022-03-23 0.076 0.773931
2022-02-17 0.076 0.757727
2022-01-21 0.076 0.755467
2021-12-22 0.076 0.714958
2021-11-22 0.076 0.674956
2021-10-21 0.076 0.678571
2021-09-22 0.076 0.692799
2021-08-23 0.076 0.674956
2021-07-22 0.076 0.658009
2021-06-22 0.076 0.664917
2021-05-20 0.076 0.690282
2021-04-22 0.076 0.701754
2021-03-23 0.076 0.704356
2021-02-18 0.076 0.710945
2021-01-21 0.076 0.721747
2020-12-23 0.076 0.737148
2020-11-20 0.076 0.748032
2020-10-22 0.076 0.777891
2020-09-22 0.076 0.774720
2020-08-21 0.076 0.743640
2020-07-23 0.076 0.774720
2020-06-22 0.076 0.793319
2020-05-21 0.076 0.822511
2020-04-22 0.076 0.845384
2020-03-23 0.076 1.107872
2020-02-20 0.076 0.781089
2020-01-23 0.076 0.790843
2019-12-23 0.076 0.812834
2019-11-21 0.076 0.816326
2019-10-23 0.076 0.817204
2019-09-20 0.076 0.815451
2019-08-22 0.076 0.815451
2019-07-23 0.076 0.801688
2019-06-20 0.076 0.805085
2019-05-23 0.076 0.815451
2019-04-22 0.076 0.806794
2019-03-20 0.076 0.837927
2019-02-20 0.076 0.854893
2019-01-23 0.076 0.894118
2018-12-21 0.076 0.953576
2018-11-21 0.076 0.836084
2018-10-23 0.076 0.808511
2018-09-20 0.076 0.762287
2018-08-23 0.076 0.773143
2018-07-23 0.076 0.774720
2018-06-21 0.076 0.796646
2018-05-23 0.076 0.816326
2018-04-20 0.076 0.828790
2018-03-21 0.076 0.835165
2018-02-20 0.076 0.826087
2018-01-23 0.076 0.781089
2017-12-21 0.076 0.802534
2017-11-21 0.076 0.833333
2017-10-23 0.076 0.821622
2017-09-21 0.076 0.811099
2017-08-22 0.076 0.811966
2017-07-20 0.076 0.801688
2017-06-21 0.076 0.814577
2017-05-22 0.076 0.823402
2017-04-19 0.076 0.830601
2017-03-22 0.076 0.835165
2017-02-16 0.093 0.968750
2017-01-20 0.093 1.007584
2016-12-21 0.093 1.026490
2016-11-21 0.093 1.044944
2016-10-20 0.093 1.017505
2016-09-21 0.093 0.972803
2016-08-22 0.093 0.947047
2016-07-20 0.093 0.949949
2016-06-21 0.093 0.965732
2016-05-20 0.093 0.964730
2016-04-20 0.093 0.976891
2016-03-22 0.093 0.984127
2016-02-18 0.093 1.001076
2016-01-20 0.093 1.008677
2015-12-21 0.093 0.916256
2015-11-19 0.093 0.925373
2015-10-21 0.093 0.909980
2015-09-21 0.093 0.921705
2015-08-20 0.093 0.889952
2015-07-22 0.093 0.869159
2015-06-19 0.093 0.843920
2015-05-20 0.093 0.853211
2015-04-21 0.093 0.863510
2015-03-20 0.093 0.857934
2015-02-18 0.093 0.866729
2015-01-21 0.093 0.861909
2014-12-22 0.093 0.831843
2014-11-19 0.093 0.805195
2014-10-22 0.093 0.822281
2014-09-19 0.093 0.792164
2014-08-20 0.093 0.803109
2014-07-22 0.093 0.804498
2014-06-19 0.093 0.817223
2014-05-21 0.093 0.827402
2014-04-21 0.093 0.827402
2014-03-20 0.093 0.815790
2014-02-19 0.093 0.814361
2014-01-22 0.093 0.798969
2013-12-20 0.093 0.829616
2013-11-20 0.093 0.838593
2013-10-22 0.093 0.822281
2013-09-19 0.093 0.846995
2013-08-21 0.093 0.865116
2013-07-22 0.093 0.844687
2013-06-19 0.093 0.843920
2013-05-22 0.093 0.826667
2013-04-19 0.093 0.847767
2013-03-19 0.093 0.854779
2013-02-19 0.093 0.858726
2013-01-22 0.093 0.864312
2012-10-22 0.279 2.649573
2012-07-20 0.279 2.700871
2012-04-19 0.279 2.711370
2012-01-20 0.320 3.044719
2011-10-20 0.320 2.968460
2011-07-20 0.320 2.651201
2011-04-19 0.320 2.580645
2011-01-20 0.320 2.446483
2010-10-20 0.450 3.318584
2010-07-21 0.450 2.914508
2010-04-21 0.450 2.710843
2010-01-20 0.450 2.659574
2009-10-21 0.450 2.701080
2009-07-22 0.450 2.633119
2009-04-21 0.450 2.669039
2009-01-21 0.450 2.596653
2008-10-22 0.450 2.774353
2008-07-22 0.450 2.473887
2008-04-21 0.450 2.440347
2008-01-22 0.450 2.490315
2007-10-19 0.450 2.477974
Additional Data
dividendYield 9.77
exDividendDate 2026-10-15
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.065
lastDividendDate 2026-10-15
dividendDate 2019-01-31

Info Dump

Attribute Value
52 Week Change -0.09706545
Address1 One Post Office Square
All Time High 20.2
All Time Low 6.42
Ask 8.05
Ask Size 1,000
Average Daily Volume10 Day 228,090
Average Daily Volume3 Month 138,234
Average Volume 138,234
Average Volume10Days 228,090
Bid 7.95
Bid Size 400
City Boston
Country United States
Crypto Tradeable 0
Currency USD
Current Price 8.0
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 8.05
Day Low 7.94
Display Name Eaton Vance Risk-Managed Dvsfd
Dividend Date 1,548,892,800
Dividend Yield 9.77
Earnings Timestamp End 1,661,425,140
Earnings Timestamp Start 1,661,425,140
Ebitda Margins 0.0
Eps Trailing Twelve Months 0.29
Esg Populated 0
Ex Dividend Date 1,792,022,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 8.3228
Fifty Day Average Change -0.32279968
Fifty Day Average Change Percent -0.03878499
Fifty Two Week Change Percent -9.706545
Fifty Two Week High 9.0
Fifty Two Week High Change -1.0
Fifty Two Week High Change Percent -0.11111111
Fifty Two Week Low 7.88
Fifty Two Week Low Change 0.119999886
Fifty Two Week Low Change Percent 0.015228412
Fifty Two Week Range 7.88 - 9.0
First Trade Date Milliseconds 1,185,543,000,000
Five Year Avg Dividend Yield 9.1
Full Exchange Name NYSE
Fullday Change 0.025099754
Fullday Change Percent 0.31355488
Fullday Price 8.0
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.21216999
Implied Shares Outstanding 67,301,787
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,792,022,400
Last Dividend Value 0.065
Long Business Summary Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio. The fund invests in stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the S&P 500 Index and the Barclays U.S. Aggregate Bond Index. Eaton Vance Risk-Managed Diversified Equity Income Fund was formed on July 31, 2007 and is domiciled in the United States.
Long Name Eaton Vance Risk-Managed Diversified Equity Income Fund
Market us_market
Market Cap 538,414,272
Market State PRE
Max Age 86,400
Message Board Id finmb_33775447
Non Diluted Market Cap 563,315,957
Open 7.98
Operating Margins 0.0
Payout Ratio 2.6938
Phone 617 482 8260
Previous Close 8.0049
Price Hint 2
Profit Margins 0.0
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.00489998
Regular Market Change Percent -0.0612122
Regular Market Day High 8.05
Regular Market Day Low 7.94
Regular Market Day Range 7.94 - 8.05
Regular Market Open 7.98
Regular Market Previous Close 8.0049
Regular Market Price 8.0
Regular Market Time 1,792,094,403
Regular Market Volume 201,044
Sand P52 Week Change 0.16207206
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 67,301,787
Shares Percent Shares Out 0.00090000004
Shares Short 63,537
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 105,055
Short Name Eaton Vance Risk-Managed Divers
Short Ratio 0.47
Source Interval 15
State MA
Symbol ETJ
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.29
Trailing P E 27.586208
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 8.45385
Two Hundred Day Average Change -0.4538498
Two Hundred Day Average Change Percent -0.053685576
Type Disp Equity
Volume 201,044
Website https://funds.eatonvance.com/Risk-Managed-Diversified-Equity-Income-Fund-ETJ.php
Zip 2,109