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EVHY vs. SCYB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EVHY and SCYB is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

EVHY vs. SCYB - Performance Comparison

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

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Key characteristics

Sharpe Ratio

EVHY:

1.43

SCYB:

1.36

Sortino Ratio

EVHY:

2.12

SCYB:

1.96

Omega Ratio

EVHY:

1.30

SCYB:

1.29

Calmar Ratio

EVHY:

1.84

SCYB:

1.54

Martin Ratio

EVHY:

9.87

SCYB:

8.18

Ulcer Index

EVHY:

0.69%

SCYB:

0.93%

Daily Std Dev

EVHY:

4.87%

SCYB:

5.64%

Max Drawdown

EVHY:

-3.71%

SCYB:

-4.92%

Current Drawdown

EVHY:

-0.14%

SCYB:

-0.85%

Returns By Period

In the year-to-date period, EVHY achieves a 2.24% return, which is significantly higher than SCYB's 1.25% return.


EVHY

YTD

2.24%

1M

1.35%

6M

1.55%

1Y

6.90%

5Y*

N/A

10Y*

N/A

SCYB

YTD

1.25%

1M

1.60%

6M

0.85%

1Y

7.65%

5Y*

N/A

10Y*

N/A

*Annualized

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EVHY vs. SCYB - Expense Ratio Comparison

EVHY has a 0.48% expense ratio, which is higher than SCYB's 0.03% expense ratio.


Risk-Adjusted Performance

EVHY vs. SCYB — Risk-Adjusted Performance Rank

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

EVHY
The Risk-Adjusted Performance Rank of EVHY is 9292
Overall Rank
The Sharpe Ratio Rank of EVHY is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of EVHY is 9191
Sortino Ratio Rank
The Omega Ratio Rank of EVHY is 9191
Omega Ratio Rank
The Calmar Ratio Rank of EVHY is 9393
Calmar Ratio Rank
The Martin Ratio Rank of EVHY is 9393
Martin Ratio Rank

SCYB
The Risk-Adjusted Performance Rank of SCYB is 9090
Overall Rank
The Sharpe Ratio Rank of SCYB is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of SCYB is 9090
Sortino Ratio Rank
The Omega Ratio Rank of SCYB is 9090
Omega Ratio Rank
The Calmar Ratio Rank of SCYB is 9090
Calmar Ratio Rank
The Martin Ratio Rank of SCYB is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EVHY vs. SCYB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) and Schwab High Yield Bond ETF (SCYB). 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.


The current EVHY Sharpe Ratio is 1.43, which is comparable to the SCYB Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of EVHY and SCYB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

EVHY vs. SCYB - Dividend Comparison

EVHY's dividend yield for the trailing twelve months is around 7.65%, more than SCYB's 7.21% yield.


TTM20242023
EVHY
Eaton Vance High Yield ETF
7.65%7.66%1.44%
SCYB
Schwab High Yield Bond ETF
7.21%7.07%3.36%

Drawdowns

EVHY vs. SCYB - Drawdown Comparison

The maximum EVHY drawdown since its inception was -3.71%, smaller than the maximum SCYB drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for EVHY and SCYB. For additional features, visit the drawdowns tool.


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Volatility

EVHY vs. SCYB - Volatility Comparison


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