- Issuer
- Eaton Vance
- Inception Date
- Feb 6, 2024
- Category
- Bank Loan
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 84K
- Avg. Volume Value (1M)
- $4.09M
Share Price Chart
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Performance
EVLN Performance Chart
Eaton Vance Floating-Rate ETF (EVLN) is up 1.6% since the beginning of the year. EVLN is currently trading at $48 per share.
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Returns By Period
Eaton Vance Floating-Rate ETF (EVLN) has returned 1.55% so far this year and 3.80% over the past 12 months.
Eaton Vance Floating-Rate ETF
- 1D
- -0.05%
- 1M
- 0.02%
- 6M
- 1.83%
- YTD
- 1.55%
- 1Y
- 3.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.85%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EVLN Monthly Returns History
Based on dividend-adjusted daily data since Feb 8, 2024, EVLN's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 90% of months were positive and 10% were negative. The best month was May 2025 with a return of +1.8%, while the worst month was Feb 2026 at -1.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 2 months.
On a daily basis, EVLN closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +1.3%, while the worst single day was Apr 10, 2025 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.28% | -1.11% | 0.41% | 1.37% | 0.80% | 0.15% | 0.22% | 1.55% | |||||
| 2025 | 0.60% | 0.01% | -0.56% | 0.12% | 1.77% | 0.83% | 0.60% | 0.51% | 0.26% | 0.16% | 0.63% | 0.52% | 5.59% |
| 2024 | 0.28% | 0.95% | 0.31% | 0.90% | 0.31% | 0.49% | 0.83% | 0.50% | 1.02% | 1.15% | 0.40% | 7.35% |
Benchmark Metrics
Eaton Vance Floating-Rate ETF has an annualized alpha of 4.22%, beta of 0.09, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since February 08, 2024.
- This ETF captured 16.68% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.26%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.09 may look defensive, but with R2 of 0.36 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.22%
- Beta
- 0.09
- R²
- 0.36
- Upside Capture
- 16.68%
- Downside Capture
- -7.26%
Expense Ratio
EVLN has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EVLN ranks 75 for risk / return — above 75% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and compare them to S&P 500 Index.
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.
| EVLN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.00 | +0.09 |
| Martin ratioReturn relative to average drawdown | 6.80 | 8.49 | -1.69 |
Dividends
Dividend History
Eaton Vance Floating-Rate ETF provided a 6.80% dividend yield over the last twelve months, with an annual payout of $3.29 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $3.29 | $3.60 | $3.23 |
Dividend yield | 6.80% | 7.28% | 6.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Floating-Rate 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 | $0.29 | $0.24 | $0.28 | $0.26 | $0.27 | $0.26 | $0.26 | $1.86 | |||||
| 2025 | $0.32 | $0.31 | $0.31 | $0.31 | $0.31 | $0.31 | $0.30 | $0.29 | $0.28 | $0.28 | $0.28 | $0.29 | $3.60 |
| 2024 | $0.37 | $0.37 | $0.37 | $0.37 | $0.37 | $0.36 | $0.35 | $0.34 | $0.33 | $3.23 |
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 Floating-Rate 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 Floating-Rate ETF was 2.78%, occurring on Apr 7, 2025. Recovery took 21 trading sessions.
The current Eaton Vance Floating-Rate ETF drawdown is 0.32%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-2.78%Apr 2025 | 1mo 16d | 1mo | 2mo 16dFeb 2025 - May 2025 | 2025 selloff2025 |
-1.77%Mar 2026 | 1mo 8d | 1mo 21d | 2mo 29dJan 2026 - Apr 2026 | — |
-0.61%Aug 2024 | 7d | 9d | 16dJul 2024 - Aug 2024 | — |
-0.50%Oct 2025 | 19d | 10d | 29dSep 2025 - Oct 2025 | — |
-0.39%Jun 2026 | 3d | 11d | 14dJun 2026 - Jul 2026 | — |
Drawdown Indicators
| EVLN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.78% | -56.78% | +54.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -9.10% | +7.33% |
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 | -0.32% | -1.58% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -10.70% | +10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.14% | -1.60% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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