EVF vs. APLY

Last updated Aug 4, 2026

EVF (Eaton Vance Senior Income Trust) is a stock, while APLY (YieldMax AAPL Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past 3 years, EVF returned 5.55%/yr vs 10.36%/yr for APLY. Their 0.11 correlation means their historical movements had little consistent relationship.

Performance

EVF vs. APLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Senior Income Trust (EVF) and YieldMax AAPL Option Income Strategy ETF (APLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVF achieves a -1.03% return, which is significantly lower than APLY's 5.98% return.

EVF

• 1D: 0.00%
• 1M: 0.44%
• 6M: -2.49%
• YTD: -1.03%
• 1Y: -3.26%
• 3Y*: 5.55%
• 5Y*: 3.19%
• 10Y*: 5.70%
• ALL TIME*: 4.35%

APLY

• 1D: -1.03%
• 1M: -2.06%
• 6M: 7.46%
• YTD: 5.98%
• 1Y: 30.59%
• 3Y*: 10.36%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APLY YieldMax AAPL Option Income Strategy ETF	$2.70M	$1.76M	$1.65M
EVF Eaton Vance Senior Income Trust	$254.76K	$293.39K	$281.69K

EVF vs. APLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EVF Eaton Vance Senior Income Trust	-1.03%	-6.15%	7.31%	28.79%
APLY YieldMax AAPL Option Income Strategy ETF	5.98%	4.69%	18.62%	11.43%

Correlation

The correlation between EVF and APLY is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (3Y) Balances recent behavior with more history.	0.11
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.11

Return for Risk

EVF vs. APLY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVF

EVF Risk / Return Rank: 23
EVF Sharpe Ratio Rank: 23
EVF Sortino Ratio Rank: 19
EVF Omega Ratio Rank: 19
EVF Calmar Ratio Rank: 30
EVF Martin Ratio Rank: 26

APLY

APLY Risk / Return Rank: 60
APLY Sharpe Ratio Rank: 58
APLY Sortino Ratio Rank: 53
APLY Omega Ratio Rank: 66
APLY Calmar Ratio Rank: 73
APLY Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVF vs. APLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Senior Income Trust (EVF) and YieldMax AAPL Option Income Strategy ETF (APLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	EVF	APLY	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	1.42	-1.87
Sortino ratio: Return per unit of downside risk	-0.59	1.91	-2.51
Omega ratio: Gain probability vs. loss probability	0.93	1.29	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.38	2.61	-2.99
Martin ratio: Return relative to average drawdown	-0.87	6.22	-7.08

EVF vs. APLY - Sharpe Ratio Comparison

The current EVF Sharpe Ratio is -0.45, which is lower than the APLY Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of EVF and APLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVF vs. APLY - Drawdown Comparison

The maximum EVF drawdown since its inception was -62.41%, which is greater than APLY's maximum drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for EVF and APLY.

Drawdown Indicators

	EVF	APLY	Difference
Max Drawdown Largest peak-to-trough decline	-62.41%	-30.41%	-32.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.66%	-11.76%	+3.10%
Max Drawdown (3Y) Largest decline over 3 years	-16.86%	-30.41%	+13.55%
Max Drawdown (5Y) Largest decline over 5 years	-23.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	—	—
Current Drawdown Current decline from peak	-9.94%	-9.63%	-0.31%
Average Drawdown Average peak-to-trough decline	-8.35%	-6.75%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	4.93%	-1.17%

Volatility

EVF vs. APLY - Volatility Comparison

The current volatility for Eaton Vance Senior Income Trust (EVF) is 0.97%, while YieldMax AAPL Option Income Strategy ETF (APLY) has a volatility of 9.62%. This indicates that EVF experiences smaller price fluctuations and is considered to be less risky than APLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVF	APLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	9.62%	-8.65%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	17.88%	-11.96%
Volatility (1Y) Calculated over the trailing 1-year period	7.28%	21.61%	-14.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	21.73%	-9.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.14%	21.73%	-7.59%

Dividends

EVF vs. APLY - Dividend Comparison

EVF's dividend yield for the trailing twelve months is around 8.89%, less than APLY's 36.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APLY YieldMax AAPL Option Income Strategy ETF	36.97%	36.38%	24.95%	14.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EVF Eaton Vance Senior Income Trust	8.89%	9.58%	10.13%	10.51%	9.45%	5.37%	6.16%	6.58%	6.27%	5.57%	6.06%	7.73%

Frequently Asked Questions

Can I hold both EVF and APLY in my portfolio?

EVF and APLY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVF or APLY?

APLY has higher volatility (9.62%) compared to EVF (0.97%). In terms of maximum drawdown, EVF dropped -62.41% vs APLY's -30.41%.

Which has better risk-adjusted returns?

APLY currently has the higher Sharpe Ratio (1.42 vs -0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.