EVF vs. LGLV

Last updated Jun 24, 2026

EVF (Eaton Vance Senior Income Trust) is a stock, while LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) is Volatility Hedged Equity fund tracking the SSGA US Large Cap Low Volatility (TR). Over the past 10 years, EVF returned 5.99%/yr vs 11.29%/yr for LGLV. At a 0.29 correlation, their price movements are largely independent.

Performance

EVF vs. LGLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Senior Income Trust (EVF) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVF achieves a -1.47% return, which is significantly lower than LGLV's 2.78% return. Over the past 10 years, EVF has underperformed LGLV with an annualized return of 5.99%, while LGLV has yielded a comparatively higher 11.29% annualized return.

EVF

• 1D: 0.20%
• 1M: 0.63%
• YTD: -1.47%
• 6M: -1.65%
• 1Y: -3.49%
• 3Y*: 8.08%
• 5Y*: 3.10%
• 10Y*: 5.99%

LGLV

• 1D: 0.86%
• 1M: -0.36%
• YTD: 2.78%
• 6M: 2.23%
• 1Y: 5.19%
• 3Y*: 11.54%
• 5Y*: 8.27%
• 10Y*: 11.29%

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

EVF vs. LGLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVF Eaton Vance Senior Income Trust	-1.47%	-6.15%	7.31%	34.53%	-14.77%	11.80%	6.14%	14.36%	-2.40%	3.08%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.78%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	17.84%

Correlation

The correlation between EVF and LGLV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Feb 21, 2013	0.29

The correlation between EVF and LGLV shifts across timeframes, from 0.18 (3 years) to 0.31 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

EVF vs. LGLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVF

EVF Risk / Return Rank: 23
EVF Sharpe Ratio Rank: 21
EVF Sortino Ratio Rank: 18
EVF Omega Ratio Rank: 18
EVF Calmar Ratio Rank: 30
EVF Martin Ratio Rank: 26

LGLV

LGLV Risk / Return Rank: 17
LGLV Sharpe Ratio Rank: 18
LGLV Sortino Ratio Rank: 16
LGLV Omega Ratio Rank: 15
LGLV Calmar Ratio Rank: 18
LGLV Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVF vs. LGLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Senior Income Trust (EVF) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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	LGLV	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	0.55	-1.02
Sortino ratio: Return per unit of downside risk	-0.62	0.85	-1.47
Omega ratio: Gain probability vs. loss probability	0.92	1.10	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.37	0.76	-1.13
Martin ratio: Return relative to average drawdown	-0.84	1.80	-2.64

EVF vs. LGLV - Sharpe Ratio Comparison

The current EVF Sharpe Ratio is -0.47, which is lower than the LGLV Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of EVF and LGLV, 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. LGLV - Drawdown Comparison

The maximum EVF drawdown since its inception was -62.41%, which is greater than LGLV's maximum drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for EVF and LGLV.

Drawdown Indicators

	EVF	LGLV	Difference
Max Drawdown Largest peak-to-trough decline	-62.41%	-36.64%	-25.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-6.86%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	-16.86%	-10.17%	-6.69%
Max Drawdown (5Y) Largest decline over 5 years	-23.76%	-17.49%	-6.27%
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	-36.64%	-4.37%
Current Drawdown Current decline from peak	-10.33%	-4.79%	-5.54%
Average Drawdown Average peak-to-trough decline	-8.34%	-3.22%	-5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	2.90%	+1.26%

Volatility

EVF vs. LGLV - Volatility Comparison

The current volatility for Eaton Vance Senior Income Trust (EVF) is 1.06%, while SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) has a volatility of 3.51%. This indicates that EVF experiences smaller price fluctuations and is considered to be less risky than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVF	LGLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	3.51%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	6.33%	7.00%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	7.40%	9.57%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.44%	12.94%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.18%	16.07%	-1.89%

Dividends

EVF vs. LGLV - Dividend Comparison

EVF's dividend yield for the trailing twelve months is around 9.08%, more than LGLV's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVF Eaton Vance Senior Income Trust	9.08%	9.58%	10.13%	10.51%	9.45%	5.37%	6.16%	6.58%	6.27%	5.57%	6.06%	7.73%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.09%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

Frequently Asked Questions

Can I hold both EVF and LGLV in my portfolio?

EVF and LGLV have a correlation of 0.24, 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 LGLV?

LGLV has higher volatility (3.51%) compared to EVF (1.06%). In terms of maximum drawdown, EVF dropped -62.41% vs LGLV's -36.64%.

Which has better risk-adjusted returns?

LGLV currently has the higher Sharpe Ratio (0.55 vs -0.47), 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.