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.
EVHY vs. SCYB
Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and Schwab High Yield Bond ETF (SCYB).
EVHY and SCYB 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. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVHY or SCYB.
Performance
EVHY vs. SCYB - Performance Comparison
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Key characteristics
EVHY:
1.57
SCYB:
1.63
EVHY:
2.23
SCYB:
2.36
EVHY:
1.31
SCYB:
1.36
EVHY:
1.97
SCYB:
1.89
EVHY:
10.65
SCYB:
10.08
EVHY:
0.69%
SCYB:
0.92%
EVHY:
4.96%
SCYB:
5.78%
EVHY:
-3.71%
SCYB:
-4.92%
EVHY:
-0.43%
SCYB:
-0.04%
Returns By Period
In the year-to-date period, EVHY achieves a 2.76% return, which is significantly higher than SCYB's 2.51% return.
EVHY
2.76%
0.75%
1.75%
7.70%
N/A
N/A
N/A
SCYB
2.51%
1.43%
1.75%
9.35%
N/A
N/A
N/A
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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
EVHY
SCYB
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.
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Dividends
EVHY vs. SCYB - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.61%, more than SCYB's 7.11% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.61% | 7.66% | 1.44% |
SCYB Schwab High Yield Bond ETF | 7.11% | 7.06% | 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.
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Volatility
EVHY vs. SCYB - Volatility Comparison
The current volatility for Eaton Vance High Yield ETF (EVHY) is 1.28%, while Schwab High Yield Bond ETF (SCYB) has a volatility of 1.61%. This indicates that EVHY experiences smaller price fluctuations and is considered to be less risky than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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