EVLN vs. EVIM

Last updated Apr 1, 2026

Compare and contrast key facts about Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance Intermediate Municipal Income ETF (EVIM).

EVLN and EVIM 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. EVIM is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023.

Performance

EVLN vs. EVIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance Intermediate Municipal Income ETF (EVIM). The values are adjusted to include any dividend payments, if applicable.

EVLN vs. EVIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLN Eaton Vance Floating-Rate ETF	-0.98%	5.59%	7.29%
EVIM Eaton Vance Intermediate Municipal Income ETF	-0.16%	5.85%	1.88%

Returns By Period

In the year-to-date period, EVLN achieves a -0.98% return, which is significantly lower than EVIM's -0.16% return.

EVLN

• 1D: 0.16%
• 1M: 0.41%
• YTD: -0.98%
• 6M: 0.33%
• 1Y: 4.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVIM

• 1D: 0.38%
• 1M: -2.51%
• YTD: -0.16%
• 6M: 1.87%
• 1Y: 5.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVLN vs. EVIM - Expense Ratio Comparison

EVLN has a 0.60% expense ratio, which is higher than EVIM's 0.29% expense ratio.

EVLN

Eaton Vance Floating-Rate ETF

EVIM

Eaton Vance Intermediate Municipal Income ETF

Return for Risk

EVLN vs. EVIM — Risk / Return Rank

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

EVLN

EVLN Risk / Return Rank: 80
EVLN Sharpe Ratio Rank: 79
EVLN Sortino Ratio Rank: 81
EVLN Omega Ratio Rank: 90
EVLN Calmar Ratio Rank: 77
EVLN Martin Ratio Rank: 72

EVIM

EVIM Risk / Return Rank: 69
EVIM Sharpe Ratio Rank: 75
EVIM Sortino Ratio Rank: 69
EVIM Omega Ratio Rank: 84
EVIM Calmar Ratio Rank: 65
EVIM Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVLN vs. EVIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance Intermediate Municipal Income ETF (EVIM). 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.

	EVLN	EVIM	Difference
Sharpe ratio Return per unit of total volatility	1.47	1.40	+0.07
Sortino ratio Return per unit of downside risk	2.11	1.76	+0.34
Omega ratio Gain probability vs. loss probability	1.37	1.34	+0.04
Calmar ratio Return relative to maximum drawdown	2.02	1.68	+0.34
Martin ratio Return relative to average drawdown	7.31	5.26	+2.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVLN vs. EVIM - Sharpe Ratio Comparison

The current EVLN Sharpe Ratio is 1.47, which is comparable to the EVIM Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of EVLN and EVIM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EVLN	EVIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.40	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	2.28	1.49	+0.80

Correlation

The correlation between EVLN and EVIM is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EVLN vs. EVIM - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 7.19%, more than EVIM's 3.58% yield.

	TTM	2025	2024	2023
EVLN Eaton Vance Floating-Rate ETF	7.19%	7.28%	6.41%	0.00%
EVIM Eaton Vance Intermediate Municipal Income ETF	3.58%	3.58%	3.56%	0.78%

Drawdowns

EVLN vs. EVIM - Drawdown Comparison

The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum EVIM drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for EVLN and EVIM.

Drawdown Indicators

	EVLN	EVIM	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-4.23%	+1.45%
Max Drawdown (1Y) Largest decline over 1 year	-2.05%	-3.54%	+1.49%
Current Drawdown Current decline from peak	-1.32%	-2.51%	+1.19%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.82%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	1.13%	-0.53%

Volatility

EVLN vs. EVIM - Volatility Comparison

The current volatility for Eaton Vance Floating-Rate ETF (EVLN) is 0.83%, while Eaton Vance Intermediate Municipal Income ETF (EVIM) has a volatility of 1.38%. This indicates that EVLN experiences smaller price fluctuations and is considered to be less risky than EVIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLN	EVIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	1.38%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	1.36%	1.82%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	3.07%	4.07%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	3.94%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.43%	3.94%	-1.51%