EVHY vs. EVN
Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and Eaton Vance Municipal Income Trust (EVN).
EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVHY or EVN.
Correlation
The correlation between EVHY and EVN is 0.31, 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. EVN - Performance Comparison
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Key characteristics
EVHY:
1.43
EVN:
0.74
EVHY:
2.12
EVN:
1.27
EVHY:
1.30
EVN:
1.15
EVHY:
1.84
EVN:
0.43
EVHY:
9.87
EVN:
1.91
EVHY:
0.69%
EVN:
4.71%
EVHY:
4.87%
EVN:
10.65%
EVHY:
-3.71%
EVN:
-56.96%
EVHY:
-0.14%
EVN:
-12.69%
Returns By Period
In the year-to-date period, EVHY achieves a 2.24% return, which is significantly lower than EVN's 4.96% return.
EVHY
2.24%
2.90%
1.55%
7.06%
N/A
N/A
EVN
4.96%
6.46%
0.97%
8.62%
2.39%
2.74%
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Risk-Adjusted Performance
EVHY vs. EVN — Risk-Adjusted Performance Rank
EVHY
EVN
EVHY vs. EVN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) and Eaton Vance Municipal Income Trust (EVN). 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.
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Dividends
EVHY vs. EVN - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.64%, more than EVN's 5.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.64% | 7.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EVN Eaton Vance Municipal Income Trust | 5.38% | 5.78% | 4.80% | 5.60% | 4.14% | 4.20% | 4.46% | 5.50% | 5.37% | 6.06% | 6.46% | 6.71% |
Drawdowns
EVHY vs. EVN - Drawdown Comparison
The maximum EVHY drawdown since its inception was -3.71%, smaller than the maximum EVN drawdown of -56.96%. Use the drawdown chart below to compare losses from any high point for EVHY and EVN. For additional features, visit the drawdowns tool.
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Volatility
EVHY vs. EVN - Volatility Comparison
The current volatility for Eaton Vance High Yield ETF (EVHY) is 2.09%, while Eaton Vance Municipal Income Trust (EVN) has a volatility of 3.69%. This indicates that EVHY experiences smaller price fluctuations and is considered to be less risky than EVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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