EVHY vs. EVLN
Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and Eaton Vance Floating-Rate ETF (EVLN).
EVHY and EVLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. EVLN is an actively managed fund by Eaton Vance. It was launched on Feb 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVHY or EVLN.
Correlation
The correlation between EVHY and EVLN is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EVHY vs. EVLN - Performance Comparison
Key characteristics
EVHY:
1.60
EVLN:
1.55
EVHY:
2.42
EVLN:
2.11
EVHY:
1.34
EVLN:
1.43
EVHY:
2.10
EVLN:
1.65
EVHY:
11.58
EVLN:
9.96
EVHY:
0.67%
EVLN:
0.46%
EVHY:
4.88%
EVLN:
2.95%
EVHY:
-3.71%
EVLN:
-2.78%
EVHY:
-1.26%
EVLN:
-1.89%
Returns By Period
In the year-to-date period, EVHY achieves a 0.99% return, which is significantly higher than EVLN's -1.24% return.
EVHY
0.99%
-1.02%
0.83%
7.82%
N/A
N/A
EVLN
-1.24%
-1.43%
0.53%
4.47%
N/A
N/A
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EVHY vs. EVLN - Expense Ratio Comparison
EVHY has a 0.48% expense ratio, which is lower than EVLN's 0.60% expense ratio.
Risk-Adjusted Performance
EVHY vs. EVLN — Risk-Adjusted Performance Rank
EVHY
EVLN
EVHY vs. EVLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) and Eaton Vance Floating-Rate ETF (EVLN). 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.
Dividends
EVHY vs. EVLN - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.70%, less than EVLN's 8.56% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.70% | 7.66% | 1.44% |
EVLN Eaton Vance Floating-Rate ETF | 8.56% | 6.41% | 0.00% |
Drawdowns
EVHY vs. EVLN - Drawdown Comparison
The maximum EVHY drawdown since its inception was -3.71%, which is greater than EVLN's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for EVHY and EVLN. For additional features, visit the drawdowns tool.
Volatility
EVHY vs. EVLN - Volatility Comparison
Eaton Vance High Yield ETF (EVHY) has a higher volatility of 3.54% compared to Eaton Vance Floating-Rate ETF (EVLN) at 2.44%. This indicates that EVHY's price experiences larger fluctuations and is considered to be riskier than EVLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.