EVHY vs. ESHY

Last updated Jun 3, 2026

EVHY (Eaton Vance High Yield ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. EVHY is actively managed, while ESHY is passively managed. EVHY charges 0.48%/yr vs 0.20%/yr for ESHY.

Performance

EVHY vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance High Yield ETF (EVHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVHY

• 1D: 0.11%
• 1M: 0.46%
• YTD: 1.33%
• 6M: 1.94%
• 1Y: 7.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVHY vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
EVHY Eaton Vance High Yield ETF	0.80%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

EVHY vs. ESHY — Risk / Return Rank

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

EVHY

EVHY Risk / Return Rank: 65
EVHY Sharpe Ratio Rank: 62
EVHY Sortino Ratio Rank: 69
EVHY Omega Ratio Rank: 68
EVHY Calmar Ratio Rank: 55
EVHY Martin Ratio Rank: 71

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.

EVHY vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

	EVHY	ESHY	Difference
Sharpe ratio Return per unit of total volatility	2.10	—	—
Sortino ratio Return per unit of downside risk	3.20	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	2.79	—	—
Martin ratio Return relative to average drawdown	13.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EVHY	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.21	—	—

Drawdowns

EVHY vs. ESHY - Drawdown Comparison

The maximum EVHY drawdown since its inception was -3.71%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EVHY and ESHY.

Drawdown Indicators

	EVHY	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-3.71%	0.00%	-3.71%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.37%	0.00%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	—	—

Volatility

Volatility by Period

	EVHY	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	0.00%	+3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.53%	0.00%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.53%	0.00%	+4.53%

EVHY vs. ESHY - Expense Ratio Comparison

EVHY has a 0.48% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

EVHY vs. ESHY - Dividend Comparison

EVHY's dividend yield for the trailing twelve months is around 7.19%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%
EVHY Eaton Vance High Yield ETF	7.19%	7.39%	7.66%	1.44%

Frequently Asked Questions

Which ETF is better, EVHY or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVHY or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.48% for EVHY.

Which ETF pays a higher dividend yield, EVHY or ESHY?

EVHY has the higher dividend yield at 7.19%, compared with 0.00% for ESHY.

What is the main difference between EVHY and ESHY?

They also come from different issuers: Eaton Vance and Deutsche Bank. Their fees differ too: 0.48% for EVHY and 0.20% for ESHY.