EVLN vs. IBIF
EVLN (Eaton Vance Floating-Rate ETF) and IBIF (iShares iBonds Oct 2029 Term TIPS ETF) are both exchange-traded funds - EVLN is a Bank Loan fund actively managed by Eaton Vance, while IBIF is a Inflation-Protected Bonds fund tracking the ICE 2029 Maturity US Inflation-Linked Treasury Index. EVLN is actively managed, while IBIF is passively managed. Over the past year, EVLN returned 4.65% vs 3.63% for IBIF. At a correlation of -0.00, they often move in opposite directions. EVLN charges 0.60%/yr vs 0.10%/yr for IBIF.
Performance
EVLN vs. IBIF - Performance Comparison
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Returns By Period
In the year-to-date period, EVLN achieves a 1.49% return, which is significantly higher than IBIF's 1.13% return.
EVLN
- 1D
- -0.10%
- 1M
- 0.32%
- YTD
- 1.49%
- 6M
- 1.59%
- 1Y
- 4.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIF
- 1D
- -0.14%
- 1M
- -0.31%
- YTD
- 1.13%
- 6M
- 1.18%
- 1Y
- 3.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVLN vs. IBIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 1.49% | 5.59% | 7.35% |
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 1.13% | 7.27% | 3.63% |
Correlation
The correlation between EVLN and IBIF is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024 | -0.00 |
The correlation between EVLN and IBIF shifts across timeframes, from -0.14 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EVLN vs. IBIF — Risk / Return Rank
EVLN
IBIF
EVLN vs. IBIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and iShares iBonds Oct 2029 Term TIPS ETF (IBIF). 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 | IBIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.34 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 3.84 | -1.20 |
| Martin ratioReturn relative to average drawdown | 8.61 | 11.95 | -3.34 |
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Drawdowns
EVLN vs. IBIF - Drawdown Comparison
The maximum EVLN drawdown since its inception was -2.78%, which is greater than IBIF's maximum drawdown of -2.50%. Use the drawdown chart below to compare losses from any high point for EVLN and IBIF.
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Drawdown Indicators
| EVLN | IBIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.78% | -2.50% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -0.95% | -0.82% |
Current DrawdownCurrent decline from peak | -0.10% | -0.88% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.55% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.30% | +0.24% |
Volatility
EVLN vs. IBIF - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate ETF (EVLN) is 0.41%, while iShares iBonds Oct 2029 Term TIPS ETF (IBIF) has a volatility of 0.75%. This indicates that EVLN experiences smaller price fluctuations and is considered to be less risky than IBIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVLN | IBIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.75% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.46% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 2.07% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.41% | 3.54% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.41% | 3.54% | -1.13% |
EVLN vs. IBIF - Expense Ratio Comparison
EVLN has a 0.60% expense ratio, which is higher than IBIF's 0.10% expense ratio.
Dividends
EVLN vs. IBIF - Dividend Comparison
EVLN's dividend yield for the trailing twelve months is around 6.91%, more than IBIF's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 6.91% | 7.28% | 6.41% | 0.00% |
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 3.77% | 4.51% | 4.05% | 0.96% |
Frequently Asked Questions
EVLN and IBIF have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIF has higher volatility (0.75%) compared to EVLN (0.41%). In terms of maximum drawdown, EVLN dropped -2.78% vs IBIF's -2.50%.
On 1-year performance, EVLN leads with 4.65% vs 3.63% for IBIF. On fees, IBIF is cheaper at 0.10% per year. On volatility, EVLN has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLN has performed better with a 4.65% return vs 3.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIF is cheaper with a 0.10% expense ratio, compared with 0.60% for EVLN.
EVLN has the higher dividend yield at 6.91%, compared with 3.77% for IBIF.
EVLN is categorized as Bank Loan, while IBIF is Inflation-Protected Bonds. They also come from different issuers: Eaton Vance and iShares. Their fees differ too: 0.60% for EVLN and 0.10% for IBIF.
EVLN currently has the higher Sharpe Ratio (2.50 vs 1.76), 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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