- Issuer
- Eaton Vance
- Inception Date
- Oct 16, 2023
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $24M
Share Price Chart
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Performance
EVHY Performance Chart
Eaton Vance High Yield ETF (EVHY) is up 1.3% since the beginning of the year. EVHY is currently trading at $52 per share.
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Returns By Period
Eaton Vance High Yield ETF (EVHY) has returned 1.33% so far this year and 7.04% over the past 12 months.
Eaton Vance High Yield ETF
- 1D
- 0.11%
- 1M
- 0.46%
- YTD
- 1.33%
- 6M
- 1.94%
- 1Y
- 7.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
EVHY Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2023, EVHY's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 79% of months were positive and 21% were negative. The best month was Nov 2023 with a return of +4.4%, while the worst month was Apr 2024 at -1.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 1 months.
On a daily basis, EVHY closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +2.4%, while the worst single day was Apr 10, 2025 at -1.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.26% | -1.04% | 1.34% | 0.48% | 0.00% | 1.33% | ||||||
| 2025 | 1.34% | 0.93% | -0.74% | 0.45% | 1.35% | 1.73% | 0.02% | 1.21% | 0.65% | 0.31% | 0.93% | 0.61% | 9.14% |
| 2024 | 0.21% | -0.13% | 1.38% | -1.05% | 1.51% | 0.76% | 1.64% | 1.50% | 1.09% | -0.98% | 1.31% | -0.98% | 6.39% |
| 2023 | 1.29% | 4.41% | 2.97% | 8.90% |
Benchmark Metrics
Eaton Vance High Yield ETF has an annualized alpha of 4.80%, beta of 0.21, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since October 20, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (27.44%) than losses (6.14%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 4.80% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.21 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.80%
- Beta
- 0.21
- R²
- 0.52
- Upside Capture
- 27.44%
- Downside Capture
- 6.14%
Expense Ratio
EVHY has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EVHY ranks 65 for risk / return — better than 65% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) and compare them to S&P 500 Index.
| EVHY | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 2.39 | -0.28 |
Sortino ratioReturn per unit of downside risk | 3.20 | 3.25 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.11 | -0.29 |
Martin ratioReturn relative to average drawdown | 13.65 | 14.38 | -0.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Eaton Vance High Yield ETF provided a 7.19% dividend yield over the last twelve months, with an annual payout of $3.76 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $3.76 | $3.92 | $4.00 | $0.76 |
Dividend yield | 7.19% | 7.39% | 7.66% | 1.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance High Yield ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.30 | $0.25 | $0.27 | $0.26 | $0.28 | $0.00 | $1.36 | ||||||
| 2025 | $0.30 | $0.30 | $0.30 | $0.30 | $0.31 | $0.30 | $0.30 | $0.30 | $0.29 | $0.30 | $0.29 | $0.63 | $3.92 |
| 2024 | $0.31 | $0.29 | $0.31 | $0.30 | $0.31 | $0.29 | $0.31 | $0.30 | $0.29 | $0.31 | $0.29 | $0.69 | $4.00 |
| 2023 | $0.45 | $0.31 | $0.76 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance High Yield ETF. 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 High Yield ETF was 3.71%, occurring on Apr 8, 2025. Recovery took 14 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -3.71%Apr 2025 | 1mo 6d | 21d | 1mo 27dMar 2025 - Apr 2025 |
2026 pullback2026 | -2.51%Mar 2026 | 1mo 27d | 21d | 2mo 18dJan 2026 - Apr 2026 |
2024 pullback2024 | -2.11%Apr 2024 | 19d | 17d | 1mo 6dMar 2024 - May 2024 |
2024 pullback2024 | -1.64%Dec 2024 | 10d | 1mo 9d | 1mo 19dDec 2024 - Jan 2025 |
2024 pullback2024 | -1.56%Jan 2024 | 7d | 28d | 1mo 5dDec 2023 - Feb 2024 |
Drawdown Indicators
| EVHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -56.78% | +53.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -9.10% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -10.72% | +10.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.97% | -1.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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