EVLN vs. EVSD

Last updated Jun 4, 2026

EVLN (Eaton Vance Floating-Rate ETF) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - EVLN is a Bank Loan fund actively managed by Eaton Vance, while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, EVLN returned 4.86% vs 4.84% for EVSD. At a 0.08 correlation, their price movements are largely independent. EVLN charges 0.60%/yr vs 0.24%/yr for EVSD.

Performance

EVLN vs. EVSD - Performance Comparison

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

Returns By Period

In the year-to-date period, EVLN achieves a 1.37% return, which is significantly higher than EVSD's 0.77% return.

EVLN

• 1D: -0.04%
• 1M: 0.66%
• YTD: 1.37%
• 6M: 1.73%
• 1Y: 4.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVSD

• 1D: -0.08%
• 1M: 0.32%
• YTD: 0.77%
• 6M: 1.16%
• 1Y: 4.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVLN vs. EVSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLN Eaton Vance Floating-Rate ETF	1.37%	5.59%	4.68%
EVSD Eaton Vance Short Duration Income ETF	0.77%	6.80%	3.87%

Correlation

The correlation between EVLN and EVSD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024	0.08

Return for Risk

EVLN vs. EVSD — Risk / Return Rank

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

EVLN

EVLN Risk / Return Rank: 73
EVLN Sharpe Ratio Rank: 80
EVLN Sortino Ratio Rank: 91
EVLN Omega Ratio Rank: 88
EVLN Calmar Ratio Rank: 56
EVLN Martin Ratio Rank: 53

EVSD

EVSD Risk / Return Rank: 87
EVSD Sharpe Ratio Rank: 90
EVSD Sortino Ratio Rank: 94
EVSD Omega Ratio Rank: 93
EVSD Calmar Ratio Rank: 76
EVSD Martin Ratio Rank: 81

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. EVSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance Short Duration Income ETF (EVSD). 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	EVSD	Difference
Sharpe ratio Return per unit of total volatility	2.61	3.16	-0.56
Sortino ratio Return per unit of downside risk	4.39	5.08	-0.69
Omega ratio Gain probability vs. loss probability	1.55	1.67	-0.12
Calmar ratio Return relative to maximum drawdown	2.76	3.86	-1.10
Martin ratio Return relative to average drawdown	9.01	16.16	-7.15
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. EVSD - Sharpe Ratio Comparison

The current EVLN Sharpe Ratio is 2.61, which is comparable to the EVSD Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of EVLN and EVSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EVLN	EVSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	3.16	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	2.55	3.03	-0.48

Drawdowns

EVLN vs. EVSD - Drawdown Comparison

The maximum EVLN drawdown since its inception was -2.78%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for EVLN and EVSD.

Drawdown Indicators

	EVLN	EVSD	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-1.26%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-1.77%	-1.26%	-0.51%
Current Drawdown Current decline from peak	-0.04%	-0.17%	+0.13%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.19%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.30%	+0.24%

Volatility

EVLN vs. EVSD - Volatility Comparison

Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance Short Duration Income ETF (EVSD) have volatilities of 0.46% and 0.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLN	EVSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.47%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.62%	1.14%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	1.54%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	1.94%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.43%	1.94%	+0.49%

EVLN vs. EVSD - Expense Ratio Comparison

EVLN has a 0.60% expense ratio, which is higher than EVSD's 0.24% expense ratio.

Dividends

EVLN vs. EVSD - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 6.92%, more than EVSD's 4.62% yield.

Position	TTM	2025	2024
EVLN Eaton Vance Floating-Rate ETF	6.92%	7.28%	6.41%
EVSD Eaton Vance Short Duration Income ETF	4.62%	4.64%	2.91%

Frequently Asked Questions

Can I hold both EVLN and EVSD in my portfolio?

EVLN and EVSD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVLN or EVSD?

EVSD has higher volatility (0.47%) compared to EVLN (0.46%). In terms of maximum drawdown, EVLN dropped -2.78% vs EVSD's -1.26%.

Which ETF is better, EVLN or EVSD?

On 1-year performance, EVLN leads with 4.86% vs 4.84% for EVSD. On fees, EVSD is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVLN or EVSD?

Over the 1-year period, EVLN has performed better with a 4.86% return vs 4.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVLN or EVSD?

EVSD is cheaper with a 0.24% expense ratio, compared with 0.60% for EVLN.

Which ETF pays a higher dividend yield, EVLN or EVSD?

EVLN has the higher dividend yield at 6.92%, compared with 4.62% for EVSD.

What is the main difference between EVLN and EVSD?

EVLN is categorized as Bank Loan, while EVSD is Short-Term Bond. Their fees differ too: 0.60% for EVLN and 0.24% for EVSD.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (3.16 vs 2.61), 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.