EVHY vs. YLD
Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and Principal Active High Yield ETF (YLD).
EVHY and YLD 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. YLD is an actively managed fund by Principal. It was launched on Jul 9, 2015.
Performance
EVHY vs. YLD - Performance Comparison
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EVHY vs. YLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | -0.25% | 9.14% | 6.39% | 8.90% |
YLD Principal Active High Yield ETF | 0.88% | 6.55% | 9.19% | 8.11% |
Returns By Period
In the year-to-date period, EVHY achieves a -0.25% return, which is significantly lower than YLD's 0.88% return.
EVHY
- 1D
- 0.24%
- 1M
- -0.92%
- YTD
- -0.25%
- 6M
- 1.47%
- 1Y
- 7.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YLD
- 1D
- -0.07%
- 1M
- -0.60%
- YTD
- 0.88%
- 6M
- 1.03%
- 1Y
- 6.77%
- 3Y*
- 8.51%
- 5Y*
- 4.93%
- 10Y*
- 5.97%
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EVHY vs. YLD - Expense Ratio Comparison
EVHY has a 0.48% expense ratio, which is higher than YLD's 0.39% expense ratio.
Return for Risk
EVHY vs. YLD — Risk / Return Rank
EVHY
YLD
EVHY vs. YLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) and Principal Active High Yield ETF (YLD). 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 | YLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 1.05 | +0.40 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.55 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.56 | +0.58 |
Martin ratioReturn relative to average drawdown | 11.14 | 8.23 | +2.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVHY | YLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.05 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.19 | 0.63 | +1.56 |
Correlation
The correlation between EVHY and YLD is 0.68, 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.
Dividends
EVHY vs. YLD - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.35%, which matches YLD's 7.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.35% | 7.39% | 7.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YLD Principal Active High Yield ETF | 7.38% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
Drawdowns
EVHY vs. YLD - Drawdown Comparison
The maximum EVHY drawdown since its inception was -3.71%, smaller than the maximum YLD drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for EVHY and YLD.
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Drawdown Indicators
| EVHY | YLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -28.34% | +24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.42% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.34% | — |
Current DrawdownCurrent decline from peak | -1.10% | -0.85% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -2.74% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.84% | -0.19% |
Volatility
EVHY vs. YLD - Volatility Comparison
The current volatility for Eaton Vance High Yield ETF (EVHY) is 1.98%, while Principal Active High Yield ETF (YLD) has a volatility of 2.34%. This indicates that EVHY experiences smaller price fluctuations and is considered to be less risky than YLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVHY | YLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 2.34% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 3.40% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.86% | 6.50% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 6.38% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 8.26% | -3.68% |