EVLN vs. FLRT

Last updated Aug 2, 2026

EVLN (Eaton Vance Floating-Rate ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both Bank Loan funds. Both are actively managed. Over the past year, EVLN returned 3.80% vs 5.09% for FLRT. Their 0.21 correlation means their historical movements had little consistent relationship. Both charge a 0.60% expense ratio.

Performance

EVLN vs. FLRT - Performance Comparison

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

Returns By Period

In the year-to-date period, EVLN achieves a 1.55% return, which is significantly lower than FLRT's 2.39% return.

EVLN

• 1D: -0.05%
• 1M: 0.02%
• 6M: 1.83%
• YTD: 1.55%
• 1Y: 3.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.85%

FLRT

• 1D: 0.06%
• 1M: 0.38%
• 6M: 2.08%
• YTD: 2.39%
• 1Y: 5.09%
• 3Y*: 7.87%
• 5Y*: 6.08%
• 10Y*: 4.83%
• ALL TIME*: 4.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVLN Eaton Vance Floating-Rate ETF	$6.06M	$4.09M	$3.77M
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	$4.88M	$4.59M	$4.78M

EVLN vs. FLRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLN Eaton Vance Floating-Rate ETF	1.55%	5.59%	7.35%
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	2.39%	6.24%	7.96%

Correlation

The correlation between EVLN and FLRT is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024	0.21

Return for Risk

EVLN vs. FLRT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVLN

EVLN Risk / Return Rank: 76
EVLN Sharpe Ratio Rank: 84
EVLN Sortino Ratio Rank: 90
EVLN Omega Ratio Rank: 88
EVLN Calmar Ratio Rank: 60
EVLN Martin Ratio Rank: 57

FLRT

FLRT Risk / Return Rank: 91
FLRT Sharpe Ratio Rank: 97
FLRT Sortino Ratio Rank: 97
FLRT Omega Ratio Rank: 97
FLRT Calmar Ratio Rank: 81
FLRT Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVLN vs. FLRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT). 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	FLRT	Difference
Sharpe ratio: Return per unit of total volatility	1.98	3.45	-1.47
Sortino ratio: Return per unit of downside risk	3.20	5.15	-1.95
Omega ratio: Gain probability vs. loss probability	1.40	1.76	-0.36
Calmar ratio: Return relative to maximum drawdown	2.09	2.89	-0.80
Martin ratio: Return relative to average drawdown	6.80	10.59	-3.79

EVLN vs. FLRT - Sharpe Ratio Comparison

The current EVLN Sharpe Ratio is 1.98, which is lower than the FLRT Sharpe Ratio of 3.45. The chart below compares the historical Sharpe Ratios of EVLN and FLRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVLN vs. FLRT - Drawdown Comparison

The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for EVLN and FLRT.

Drawdown Indicators

	EVLN	FLRT	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-20.96%	+18.18%
Max Drawdown (1Y) Largest decline over 1 year	-1.77%	-1.78%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.96%	—
Current Drawdown Current decline from peak	-0.32%	0.00%	-0.32%
Average Drawdown Average peak-to-trough decline	-0.21%	-1.39%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.48%	+0.06%

Volatility

EVLN vs. FLRT - Volatility Comparison

Eaton Vance Floating-Rate ETF (EVLN) has a higher volatility of 0.39% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that EVLN's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLN	FLRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	0.29%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	1.66%	1.19%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	1.49%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	2.30%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	6.09%	-3.71%

EVLN vs. FLRT - Expense Ratio Comparison

Both EVLN and FLRT have an expense ratio of 0.60%.

Dividends

EVLN vs. FLRT - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 6.80%, more than FLRT's 6.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVLN Eaton Vance Floating-Rate ETF	6.80%	7.28%	6.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	6.72%	6.93%	7.93%	8.40%	5.81%	3.16%	3.52%	4.30%	3.95%	3.20%	3.38%	3.21%

Frequently Asked Questions

Can I hold both EVLN and FLRT in my portfolio?

EVLN and FLRT have a correlation of 0.26, 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 FLRT?

EVLN has higher volatility (0.39%) compared to FLRT (0.29%). In terms of maximum drawdown, EVLN dropped -2.78% vs FLRT's -20.96%.

Which ETF is better, EVLN or FLRT?

On 1-year performance, FLRT leads with 5.09% vs 3.80% for EVLN. Both ETFs have the same 0.60% expense ratio. On volatility, FLRT has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVLN or FLRT?

Over the 1-year period, FLRT has performed better with a 5.09% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVLN or FLRT?

EVLN and FLRT have the same expense ratio: 0.60% per year.

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

EVLN has the higher dividend yield at 6.80%, compared with 6.72% for FLRT.

What is the main difference between EVLN and FLRT?

They also come from different issuers: Eaton Vance and Pacer.

Which has better risk-adjusted returns?

FLRT currently has the higher Sharpe Ratio (3.45 vs 1.98), 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.