EVLN vs. FLOT
EVLN (Eaton Vance Floating-Rate ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - EVLN is a Bank Loan fund actively managed by Eaton Vance, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. EVLN is actively managed, while FLOT is passively managed. Over the past year, EVLN returned 4.63% vs 4.74% for FLOT. At a 0.16 correlation, their price movements are largely independent. EVLN charges 0.60%/yr vs 0.15%/yr for FLOT.
Performance
EVLN vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, EVLN achieves a 1.50% return, which is significantly lower than FLOT's 2.01% return.
EVLN
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.50%
- 6M
- 1.50%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOT
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 2.01%
- 6M
- 2.15%
- 1Y
- 4.74%
- 3Y*
- 5.59%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
EVLN vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 1.50% | 5.59% | 7.35% |
FLOT iShares Floating Rate Bond ETF | 2.01% | 4.91% | 5.63% |
Correlation
The correlation between EVLN and FLOT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024 | 0.16 |
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Return for Risk
EVLN vs. FLOT — Risk / Return Rank
EVLN
FLOT
EVLN vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and iShares Floating Rate Bond ETF (FLOT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVLN | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.87 | ||
| Sortino ratioReturn per unit of downside risk | -7.36 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 3.11 | -1.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 11.03 | -8.40 |
| Martin ratioReturn relative to average drawdown | 8.57 | 102.10 | -93.52 |
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Drawdowns
EVLN vs. FLOT - Drawdown Comparison
The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for EVLN and FLOT.
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Drawdown Indicators
| EVLN | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.78% | -13.54% | +10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -0.43% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.02% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.21% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.05% | +0.49% |
Volatility
EVLN vs. FLOT - Volatility Comparison
Eaton Vance Floating-Rate ETF (EVLN) has a higher volatility of 0.41% compared to iShares Floating Rate Bond ETF (FLOT) at 0.21%. This indicates that EVLN's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVLN | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.21% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 0.63% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 0.75% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.41% | 1.78% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.41% | 4.15% | -1.74% |
EVLN vs. FLOT - Expense Ratio Comparison
EVLN has a 0.60% expense ratio, which is higher than FLOT's 0.15% expense ratio.
Dividends
EVLN vs. FLOT - Dividend Comparison
EVLN's dividend yield for the trailing twelve months is around 6.91%, more than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 6.91% | 7.28% | 6.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Frequently Asked Questions
EVLN and FLOT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLN has higher volatility (0.41%) compared to FLOT (0.21%). In terms of maximum drawdown, EVLN dropped -2.78% vs FLOT's -13.54%.
On 1-year performance, FLOT leads with 4.74% vs 4.63% for EVLN. On fees, FLOT is cheaper at 0.15% per year. On volatility, FLOT has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FLOT has performed better with a 4.74% return vs 4.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.60% for EVLN.
EVLN has the higher dividend yield at 6.91%, compared with 4.53% for FLOT.
EVLN is categorized as Bank Loan, while FLOT is Ultrashort Bond. They also come from different issuers: Eaton Vance and iShares. Their fees differ too: 0.60% for EVLN and 0.15% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.36 vs 2.49), 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.
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