EVHY vs. EVLN

Last updated Apr 2, 2026

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.

Performance

EVHY vs. EVLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance High Yield ETF (EVHY) and Eaton Vance Floating-Rate ETF (EVLN). The values are adjusted to include any dividend payments, if applicable.

EVHY vs. EVLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVHY Eaton Vance High Yield ETF	-0.25%	9.14%	5.93%
EVLN Eaton Vance Floating-Rate ETF	-0.45%	5.59%	7.29%

Returns By Period

In the year-to-date period, EVHY achieves a -0.25% return, which is significantly higher than EVLN's -0.45% return.

EVHY

• 1D: 0.24%
• 1M: -0.92%
• YTD: -0.25%
• 6M: 1.47%
• 1Y: 7.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVLN

• 1D: 0.54%
• 1M: 1.00%
• YTD: -0.45%
• 6M: 0.99%
• 1Y: 5.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVHY vs. EVLN - Expense Ratio Comparison

EVHY has a 0.48% expense ratio, which is lower than EVLN's 0.60% expense ratio.

EVLN

Eaton Vance Floating-Rate ETF

EVHY

Eaton Vance High Yield ETF

Return for Risk

EVHY vs. EVLN — Risk / Return Rank

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

EVHY

EVHY Risk / Return Rank: 80
EVHY Sharpe Ratio Rank: 76
EVHY Sortino Ratio Rank: 81
EVHY Omega Ratio Rank: 82
EVHY Calmar Ratio Rank: 74
EVHY Martin Ratio Rank: 86

EVLN

EVLN Risk / Return Rank: 84
EVLN Sharpe Ratio Rank: 83
EVLN Sortino Ratio Rank: 87
EVLN Omega Ratio Rank: 93
EVLN Calmar Ratio Rank: 82
EVLN Martin Ratio Rank: 76

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. EVLN - Risk-Adjusted Trends 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.

	EVHY	EVLN	Difference
Sharpe ratio Return per unit of total volatility	1.45	1.68	-0.23
Sortino ratio Return per unit of downside risk	2.20	2.43	-0.24
Omega ratio Gain probability vs. loss probability	1.34	1.44	-0.10
Calmar ratio Return relative to maximum drawdown	2.14	2.47	-0.33
Martin ratio Return relative to average drawdown	11.14	8.59	+2.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVHY vs. EVLN - Sharpe Ratio Comparison

The current EVHY Sharpe Ratio is 1.45, which is comparable to the EVLN Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of EVHY and EVLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EVHY	EVLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.68	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	2.19	2.37	-0.18

Correlation

The correlation between EVHY and EVLN is 0.35, 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.

Dividends

EVHY vs. EVLN - Dividend Comparison

EVHY's dividend yield for the trailing twelve months is around 7.35%, more than EVLN's 7.15% yield.

	TTM	2025	2024	2023
EVHY Eaton Vance High Yield ETF	7.35%	7.39%	7.66%	1.44%
EVLN Eaton Vance Floating-Rate ETF	7.15%	7.28%	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.

Drawdown Indicators

	EVHY	EVLN	Difference
Max Drawdown Largest peak-to-trough decline	-3.71%	-2.78%	-0.93%
Max Drawdown (1Y) Largest decline over 1 year	-3.38%	-2.01%	-1.37%
Current Drawdown Current decline from peak	-1.10%	-0.78%	-0.32%
Average Drawdown Average peak-to-trough decline	-0.38%	-0.21%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.59%	+0.06%

Volatility

EVHY vs. EVLN - Volatility Comparison

Eaton Vance High Yield ETF (EVHY) has a higher volatility of 1.98% compared to Eaton Vance Floating-Rate ETF (EVLN) at 0.98%. 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.

Volatility by Period

	EVHY	EVLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	0.98%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	1.46%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	4.86%	3.12%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.58%	2.46%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.58%	2.46%	+2.12%