EVLN vs. EVYM

Last updated Jun 4, 2026

EVLN (Eaton Vance Floating-Rate ETF) and EVYM (Eaton Vance High Income Municipal ETF) are both exchange-traded funds - EVLN is a Bank Loan fund actively managed by Eaton Vance, while EVYM is a High Yield Muni fund actively managed by Eaton Vance. Both are actively managed. Over the past year, EVLN returned 4.86% vs 10.52% for EVYM. At a 0.00 correlation, their price movements are largely independent. EVLN charges 0.60%/yr vs 0.40%/yr for EVYM.

Performance

EVLN vs. EVYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance High Income Municipal ETF (EVYM). 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 lower than EVYM's 3.30% return.

EVLN

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

EVYM

• 1D: -0.15%
• 1M: 1.16%
• YTD: 3.30%
• 6M: 3.97%
• 1Y: 10.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVLN vs. EVYM - Yearly Performance Comparison

	2026 (YTD)	2025
EVLN Eaton Vance Floating-Rate ETF	1.37%	4.98%
EVYM Eaton Vance High Income Municipal ETF	3.30%	3.70%

Correlation

The correlation between EVLN and EVYM is 0.02, 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	0.02
Correlation (All Time) Calculated using the full available price history since Feb 28, 2025	0.00

Return for Risk

EVLN vs. EVYM — 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

EVYM

EVYM Risk / Return Rank: 85
EVYM Sharpe Ratio Rank: 87
EVYM Sortino Ratio Rank: 92
EVYM Omega Ratio Rank: 91
EVYM Calmar Ratio Rank: 77
EVYM Martin Ratio Rank: 77

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. EVYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Eaton Vance High Income Municipal ETF (EVYM). 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	EVYM	Difference
Sharpe ratio Return per unit of total volatility	2.61	2.87	-0.26
Sortino ratio Return per unit of downside risk	4.39	4.44	-0.05
Omega ratio Gain probability vs. loss probability	1.55	1.60	-0.05
Calmar ratio Return relative to maximum drawdown	2.76	3.81	-1.05
Martin ratio Return relative to average drawdown	9.01	14.44	-5.43
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. EVYM - Sharpe Ratio Comparison

The current EVLN Sharpe Ratio is 2.61, which is comparable to the EVYM Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of EVLN and EVYM, 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	EVYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	2.87	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	2.55	0.93	+1.63

Drawdowns

EVLN vs. EVYM - Drawdown Comparison

The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum EVYM drawdown of -6.08%. Use the drawdown chart below to compare losses from any high point for EVLN and EVYM.

Drawdown Indicators

	EVLN	EVYM	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-6.08%	+3.30%
Max Drawdown (1Y) Largest decline over 1 year	-1.77%	-2.77%	+1.00%
Current Drawdown Current decline from peak	-0.04%	-0.15%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.22%	-1.49%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.73%	-0.19%

Volatility

EVLN vs. EVYM - Volatility Comparison

The current volatility for Eaton Vance Floating-Rate ETF (EVLN) is 0.46%, while Eaton Vance High Income Municipal ETF (EVYM) has a volatility of 0.94%. This indicates that EVLN experiences smaller price fluctuations and is considered to be less risky than EVYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLN	EVYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.94%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	1.62%	2.59%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	3.69%	-1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	6.08%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.43%	6.08%	-3.65%

EVLN vs. EVYM - Expense Ratio Comparison

EVLN has a 0.60% expense ratio, which is higher than EVYM's 0.40% expense ratio.

Dividends

EVLN vs. EVYM - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 6.92%, more than EVYM's 4.78% yield.

Position	TTM	2025	2024
EVLN Eaton Vance Floating-Rate ETF	6.92%	7.28%	6.41%
EVYM Eaton Vance High Income Municipal ETF	4.78%	3.72%	0.00%

Frequently Asked Questions

Can I hold both EVLN and EVYM in my portfolio?

EVLN and EVYM have a correlation of 0.02, 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 EVYM?

EVYM has higher volatility (0.94%) compared to EVLN (0.46%). In terms of maximum drawdown, EVLN dropped -2.78% vs EVYM's -6.08%.

Which ETF is better, EVLN or EVYM?

On 1-year performance, EVYM leads with 10.52% vs 4.86% for EVLN. On fees, EVYM is cheaper at 0.40% per year. On volatility, EVLN has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVLN or EVYM?

Over the 1-year period, EVYM has performed better with a 10.52% return vs 4.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVLN or EVYM?

EVYM is cheaper with a 0.40% expense ratio, compared with 0.60% for EVLN.

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

EVLN has the higher dividend yield at 6.92%, compared with 4.78% for EVYM.

What is the main difference between EVLN and EVYM?

EVLN is categorized as Bank Loan, while EVYM is High Yield Muni. Their fees differ too: 0.60% for EVLN and 0.40% for EVYM.

Which has better risk-adjusted returns?

EVYM currently has the higher Sharpe Ratio (2.87 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.