EVLN vs. EVHY
Compare and contrast key facts about Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance High Yield ETF (EVHY).
EVLN and EVHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVLN is an actively managed fund by Eaton Vance. It was launched on Feb 6, 2024. 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: EVLN or EVHY.
Correlation
The correlation between EVLN and EVHY is 0.47, 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
EVLN vs. EVHY - Performance Comparison
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Key characteristics
EVLN:
2.18
EVHY:
1.55
EVLN:
3.04
EVHY:
2.47
EVLN:
1.63
EVHY:
1.35
EVLN:
2.39
EVHY:
2.16
EVLN:
13.26
EVHY:
11.64
EVLN:
0.50%
EVHY:
0.69%
EVLN:
3.08%
EVHY:
4.90%
EVLN:
-2.78%
EVHY:
-3.71%
EVLN:
0.00%
EVHY:
0.00%
Returns By Period
In the year-to-date period, EVLN achieves a 1.58% return, which is significantly lower than EVHY's 3.14% return.
EVLN
1.58%
2.86%
2.61%
6.61%
N/A
N/A
N/A
EVHY
3.14%
2.13%
3.18%
7.54%
N/A
N/A
N/A
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EVLN vs. EVHY - Expense Ratio Comparison
EVLN has a 0.60% expense ratio, which is higher than EVHY's 0.48% expense ratio.
Risk-Adjusted Performance
EVLN vs. EVHY — Risk-Adjusted Performance Rank
EVLN
EVHY
EVLN vs. EVHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance High Yield ETF (EVHY). 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
EVLN vs. EVHY - Dividend Comparison
EVLN's dividend yield for the trailing twelve months is around 8.25%, more than EVHY's 7.58% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 8.25% | 6.41% | 0.00% |
EVHY Eaton Vance High Yield ETF | 7.58% | 7.66% | 1.44% |
Drawdowns
EVLN vs. EVHY - Drawdown Comparison
The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum EVHY drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for EVLN and EVHY. For additional features, visit the drawdowns tool.
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Volatility
EVLN vs. EVHY - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate ETF (EVLN) is 0.82%, while Eaton Vance High Yield ETF (EVHY) has a volatility of 1.35%. This indicates that EVLN experiences smaller price fluctuations and is considered to be less risky than EVHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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