Eaton Vance High Yield ETF (EVHY) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EVHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EVHY
EVHY charges 0.48% annually. There are 78 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.68B | Jul 2023 | EVHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.41B | Jun 2012 | EVHY vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.71B | Sep 2025 | EVHY vs NHYB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.80B | Oct 2017 | EVHY vs USHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.54B | Dec 2016 | EVHY vs HYLB |
Best Risk-Adjusted Alternatives to EVHY
EVHY has a PortfoliosLab risk / return rank of 71. There are 30 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 907.20M | Aug 2018 | EVHY vs BSJQ | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 90 | 852.94M | Sep 2019 | EVHY vs BSJR | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 89 | 255.19M | Dec 2013 | EVHY vs HYZD | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 88 | 22.06M | Nov 2024 | EVHY vs LDRH | |
| iShares iBonds 2027 Term High Yield and Income ETF | 87 | 499.12M | Jul 2021 | EVHY vs IBHG |
Top Performing EVHY Alternatives (YTD)
EVHY is at 1.61% YTD. There are 59 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 8.09%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 8.09% | — | Aug 2025 | EVHY vs DADS | |
| Man Active High Yield ETF | 5.06% | 19.82M | Sep 2025 | EVHY vs MHY | |
| ProShares High Yield-Interest Rate Hedged | 4.22% | 179.11M | May 2013 | EVHY vs HYHG | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.07% | 522.28M | May 2012 | EVHY vs HYEM | |
| iShares Interest Rate Hedged High Yield Bond ETF | 3.61% | 566.14M | May 2014 | EVHY vs HYGH |
Lowest Volatility Alternatives to EVHY
EVHY has 3.37% 1-year volatility. There are 38 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | EVHY vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.35% | 907.20M | Aug 2018 | EVHY vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.47% | 637.48M | Feb 2015 | EVHY vs FLRT | |
| State Street My2027 High Yield Corporate Bond ETF | 1.84% | 4.98M | Feb 2026 | EVHY vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.96% | 852.94M | Sep 2019 | EVHY vs BSJR |
Lowest Drawdown Alternatives to EVHY
EVHY has a 1-year max drawdown of -2.51%. There are 49 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 907.20M | Aug 2018 | EVHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 499.12M | Jul 2021 | EVHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 852.94M | Sep 2019 | EVHY vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 450.96M | Mar 2022 | EVHY vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 22.06M | Nov 2024 | EVHY vs LDRH |
Other ETFs from Eaton Vance
The 10 most viewed Eaton Vance ETFs shown here include EVTR, EVSD, EVLN and span 9 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Eaton Vance Total Return Bond ETF | Intermediate Core-Plus Bond | 38 | -0.09% | 5.61B | Nov 1984 | EVHY vs EVTR | |
| Eaton Vance Short Duration Income ETF | Short-Term Bond | 88 | 0.82% | 1.34B | Mar 1992 | EVHY vs EVSD | |
| Eaton Vance Floating-Rate ETF | Bank Loan | 73 | 1.56% | 1.36B | Feb 2024 | EVHY vs EVLN | |
| Eaton Vance Ultra-Short Income ETF | Ultrashort Bond | 99 | 2.10% | 232.46M | Oct 2023 | EVHY vs EVSB | |
| Eaton Vance Mortgage Opportunities ETF | Mortgage Backed Securities | — | 0.71% | — | Aug 2025 | EVHY vs EVMO | |
| Eaton Vance Income Opportunities ETF | Multisector Bonds | — | 2.24% | — | Nov 2025 | EVHY vs XAGG | |
| Eaton Vance Short Duration Municipal Income ETF | Municipal Bonds | 88 | 1.27% | 771.49M | Dec 2018 | EVHY vs EVSM | |
| Eaton Vance Intermediate Municipal Income ETF | Municipal Bonds | 79 | 1.75% | 261.22M | Oct 2023 | EVHY vs EVIM | |
| Eaton Vance High Income Municipal ETF | High Yield Muni | 93 | 4.04% | 57.80M | Feb 2025 | EVHY vs EVYM | |
| Eaton Vance Preferred Securities and Income ETF | Preferred Stock/Convertible Bonds | — | — | 35.04M | Mar 2026 | EVHY vs EVPF |
Often Compared With EVHY
Investors most often compare EVHY with EVN, IOBZX, JEPQ. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare EVHY with Any Fund or Stock
Compare EVHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EVHY with funds that move differently
Eaton Vance High Yield ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVHY.
Explore EVHY Diversifiers