EVLN vs. EMLP
EVLN (Eaton Vance Floating-Rate ETF) and EMLP (First Trust North American Energy Infrastructure Fund) are both exchange-traded funds - EVLN is a Bank Loan fund actively managed by Eaton Vance, while EMLP is a Infrastructure Equities fund actively managed by First Trust. Both are actively managed. Over the past year, EVLN returned 3.80% vs 19.09% for EMLP. Their 0.09 correlation means their historical movements had little consistent relationship. EVLN charges 0.60%/yr vs 0.96%/yr for EMLP.
Performance
EVLN vs. EMLP - Performance Comparison
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Returns By Period
In the year-to-date period, EVLN achieves a 1.55% return, which is significantly lower than EMLP's 17.75% return.
EVLN
- 1D
- -0.05%
- 1M
- 0.02%
- 6M
- 1.83%
- YTD
- 1.55%
- 1Y
- 3.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.85%
EMLP
- 1D
- 0.37%
- 1M
- 0.62%
- 6M
- 11.20%
- YTD
- 17.75%
- 1Y
- 19.09%
- 3Y*
- 20.43%
- 5Y*
- 16.56%
- 10Y*
- 10.12%
- ALL TIME*
- 9.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.88M | $10.50M | $12.16M | |
| $6.06M | $4.09M | $3.77M |
EVLN vs. EMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 1.55% | 5.59% | 7.35% |
EMLP First Trust North American Energy Infrastructure Fund | 17.75% | 9.67% | 37.31% |
Correlation
The correlation between EVLN and EMLP is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024 | 0.09 |
The correlation between EVLN and EMLP shifts across timeframes, from -0.13 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EVLN vs. EMLP — Risk / Return Rank
EVLN
EMLP
EVLN vs. EMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and First Trust North American Energy Infrastructure Fund (EMLP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVLN | EMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.72 | -1.63 |
| Martin ratioReturn relative to average drawdown | 6.80 | 10.54 | -3.74 |
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Drawdowns
EVLN vs. EMLP - Drawdown Comparison
The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum EMLP drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for EVLN and EMLP.
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Drawdown Indicators
| EVLN | EMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.78% | -43.61% | +40.83% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -4.94% | +3.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.61% | — |
Current DrawdownCurrent decline from peak | -0.32% | -1.94% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -5.71% | +5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.74% | -1.20% |
Volatility
EVLN vs. EMLP - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate ETF (EVLN) is 0.39%, while First Trust North American Energy Infrastructure Fund (EMLP) has a volatility of 3.87%. This indicates that EVLN experiences smaller price fluctuations and is considered to be less risky than EMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVLN | EMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 3.87% | -3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 8.48% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 10.36% | -8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.38% | 14.49% | -12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.38% | 17.67% | -15.29% |
EVLN vs. EMLP - Expense Ratio Comparison
EVLN has a 0.60% expense ratio, which is lower than EMLP's 0.96% expense ratio.
Dividends
EVLN vs. EMLP - Dividend Comparison
EVLN's dividend yield for the trailing twelve months is around 6.80%, more than EMLP's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 2.76% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
EVLN Eaton Vance Floating-Rate ETF | 6.80% | 7.28% | 6.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EVLN and EMLP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMLP has higher volatility (3.87%) compared to EVLN (0.39%). In terms of maximum drawdown, EVLN dropped -2.78% vs EMLP's -43.61%.
On 1-year performance, EMLP leads with 19.09% vs 3.80% for EVLN. On fees, EVLN is cheaper at 0.60% per year. On volatility, EVLN has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMLP has performed better with a 19.09% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLN is cheaper with a 0.60% expense ratio, compared with 0.96% for EMLP.
EVLN has the higher dividend yield at 6.80%, compared with 2.76% for EMLP.
EVLN is categorized as Bank Loan, while EMLP is Infrastructure Equities. They also come from different issuers: Eaton Vance and First Trust. Their fees differ too: 0.60% for EVLN and 0.96% for EMLP.
EVLN currently has the higher Sharpe Ratio (1.98 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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