Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) vs Nuveen Churchill Direct Lending (NCDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Eaton Vance Risk-Managed Diversified Equity Income Fund is the larger company by market cap ($546.5 million vs $527.9 million), about 1.0 times the size. On valuation, Nuveen Churchill Direct Lending trades at a lower trailing P/E (11.3x vs 28.0x for Eaton Vance Risk-Managed Diversified Equity Income Fund).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | ETJ | NCDL |
|---|---|---|
| Share price | $8.12 | $10.69 |
| Market cap | $546.49M | $527.95M |
| 1-day change | -0.73% | -1.93% |
| YTD return | — | -19.87% |
| 1-year return | — | -21.57% |
| P/E ratio (TTM) | 28.00 | 11.25 |
| Forward P/E | — | 6.96 |
| EPS (TTM) | $0.29 | $0.95 |
| Dividend yield | 9.62% | 14.22% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $9.03 | $15.07 |
| 52-week low | $7.88 | $10.54 |
| Distance from 52-week high | -10.08% | -29.06% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +28.16% |
| Average volume | 127.77K | 192.51K |
| Shares outstanding | 67.30M | 49.39M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Eaton Vance Risk-Managed Diversified Equity Income Fund trades at a higher earnings multiple (28.0x vs 11.3x trailing P/E).
- Nuveen Churchill Direct Lending offers a meaningfully higher dividend yield (14.22% vs 9.62%).
About Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ stock →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.
Financial Services · Asset Management
About Nuveen Churchill Direct Lending
NCDL stock →Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
Financial Services · Asset Management
ETJ vs NCDL FAQ
Which is bigger, Eaton Vance Risk-Managed Diversified Equity Income Fund or Nuveen Churchill Direct Lending?
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is larger, with a market capitalization of $546.49M compared with $527.95M for Nuveen Churchill Direct Lending (NCDL).
Which has the lower P/E ratio, ETJ or NCDL?
NCDL has the lower trailing P/E at 11.3, versus 28.0 for ETJ. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Eaton Vance Risk-Managed Diversified Equity Income Fund or Nuveen Churchill Direct Lending?
Nuveen Churchill Direct Lending has the higher yield at 14.22%, compared with 9.62% for Eaton Vance Risk-Managed Diversified Equity Income Fund.
Are Eaton Vance Risk-Managed Diversified Equity Income Fund and Nuveen Churchill Direct Lending in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.