EVLN vs. LVLN

Last updated Aug 2, 2026

EVLN (Eaton Vance Floating-Rate ETF) and LVLN (SPDR S&P Leveraged Loan ETF) are both Bank Loan funds. EVLN is actively managed, while LVLN is passively managed. Their 0.40 correlation means their historical movements had little consistent relationship. EVLN charges 0.60%/yr vs 0.40%/yr for LVLN.

Performance

EVLN vs. LVLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Floating-Rate ETF (EVLN) and SPDR S&P Leveraged Loan ETF (LVLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EVLN having a 1.55% return and LVLN slightly higher at 1.57%.

EVLN

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

LVLN

• 1D: -0.02%
• 1M: 0.28%
• 6M: 1.93%
• YTD: 1.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
LVLN SPDR S&P Leveraged Loan ETF	$48.60K	$55.46K	$264.53K

EVLN vs. LVLN - Yearly Performance Comparison

	2026 (YTD)	2025
EVLN Eaton Vance Floating-Rate ETF	1.55%	0.75%
LVLN SPDR S&P Leveraged Loan ETF	1.57%	1.14%

Correlation

The correlation between EVLN and LVLN is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.40

Return for Risk

EVLN vs. LVLN — 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

LVLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. LVLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and SPDR S&P Leveraged Loan ETF (LVLN). 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	LVLN	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	3.20	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	2.09	—	—
Martin ratio: Return relative to average drawdown	6.80	—	—

Drawdowns

EVLN vs. LVLN - Drawdown Comparison

The maximum EVLN drawdown since its inception was -2.78%, which is greater than LVLN's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for EVLN and LVLN.

Drawdown Indicators

	EVLN	LVLN	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-2.34%	-0.44%
Max Drawdown (1Y) Largest decline over 1 year	-1.77%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.26%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.46%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	—	—

Volatility

Volatility by Period

	EVLN	LVLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	2.60%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	2.60%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	2.60%	-0.22%

EVLN vs. LVLN - Expense Ratio Comparison

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

Dividends

EVLN vs. LVLN - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 6.80%, more than LVLN's 4.31% yield.

Position	TTM	2025	2024
EVLN Eaton Vance Floating-Rate ETF	6.80%	7.28%	6.41%
LVLN SPDR S&P Leveraged Loan ETF	4.31%	0.49%	0.00%

Frequently Asked Questions

Can I hold both EVLN and LVLN in my portfolio?

EVLN and LVLN have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVLN or LVLN?

On fees, LVLN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVLN or LVLN?

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

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

EVLN has the higher dividend yield at 6.80%, compared with 4.31% for LVLN.

What is the main difference between EVLN and LVLN?

They also come from different issuers: Eaton Vance and State Street. Their fees differ too: 0.60% for EVLN and 0.40% for LVLN.