EVLN vs. FLBL
Compare and contrast key facts about Eaton Vance Floating-Rate ETF (EVLN) and Franklin Liberty Senior Loan ETF (FLBL).
EVLN and FLBL 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. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVLN or FLBL.
Correlation
The correlation between EVLN and FLBL is 0.36, 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.
Performance
EVLN vs. FLBL - Performance Comparison
Key characteristics
EVLN:
4.81
FLBL:
5.25
EVLN:
7.58
FLBL:
8.29
EVLN:
2.33
FLBL:
2.42
EVLN:
13.18
FLBL:
10.37
EVLN:
88.63
FLBL:
76.49
EVLN:
0.09%
FLBL:
0.12%
EVLN:
1.67%
FLBL:
1.70%
EVLN:
-0.61%
FLBL:
-19.52%
EVLN:
-0.04%
FLBL:
-0.04%
Returns By Period
In the year-to-date period, EVLN achieves a 0.59% return, which is significantly lower than FLBL's 0.65% return.
EVLN
0.59%
0.24%
4.12%
7.89%
N/A
N/A
FLBL
0.65%
0.18%
4.10%
8.62%
5.32%
N/A
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EVLN vs. FLBL - Expense Ratio Comparison
EVLN has a 0.60% expense ratio, which is higher than FLBL's 0.45% expense ratio.
Risk-Adjusted Performance
EVLN vs. FLBL — Risk-Adjusted Performance Rank
EVLN
FLBL
EVLN vs. FLBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Franklin Liberty Senior Loan ETF (FLBL). 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.
Dividends
EVLN vs. FLBL - Dividend Comparison
EVLN's dividend yield for the trailing twelve months is around 7.05%, less than FLBL's 7.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 7.05% | 6.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLBL Franklin Liberty Senior Loan ETF | 7.86% | 8.05% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.20% |
Drawdowns
EVLN vs. FLBL - Drawdown Comparison
The maximum EVLN drawdown since its inception was -0.61%, smaller than the maximum FLBL drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for EVLN and FLBL. For additional features, visit the drawdowns tool.
Volatility
EVLN vs. FLBL - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate ETF (EVLN) is 0.30%, while Franklin Liberty Senior Loan ETF (FLBL) has a volatility of 0.34%. This indicates that EVLN experiences smaller price fluctuations and is considered to be less risky than FLBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.