EVLN vs. PCFI

Last updated Aug 2, 2026

EVLN (Eaton Vance Floating-Rate ETF) and PCFI (Polen Floating Rate Income ETF) are both Bank Loan funds. Both are actively managed. Over the past year, EVLN returned 3.80% vs -0.27% for PCFI. Their 0.18 correlation means their historical movements had little consistent relationship. EVLN charges 0.60%/yr vs 0.49%/yr for PCFI.

Performance

EVLN vs. PCFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Floating-Rate ETF (EVLN) and Polen Floating Rate Income ETF (PCFI). 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 higher than PCFI's 0.94% return.

EVLN

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

PCFI

• 1D: 0.04%
• 1M: -0.03%
• 6M: 0.13%
• YTD: 0.94%
• 1Y: -0.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.89%

*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
PCFI Polen Floating Rate Income ETF	$51.98K	$26.04K	$64.11K

EVLN vs. PCFI - Yearly Performance Comparison

	2026 (YTD)	2025
EVLN Eaton Vance Floating-Rate ETF	1.55%	5.40%
PCFI Polen Floating Rate Income ETF	0.94%	1.62%

Correlation

The correlation between EVLN and PCFI is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.18

Return for Risk

EVLN vs. PCFI — 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

PCFI

PCFI Risk / Return Rank: 10
PCFI Sharpe Ratio Rank: 10
PCFI Sortino Ratio Rank: 9
PCFI Omega Ratio Rank: 9
PCFI Calmar Ratio Rank: 10
PCFI Martin Ratio Rank: 10

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. PCFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Polen Floating Rate Income ETF (PCFI). 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	PCFI	Difference
Sharpe ratio: Return per unit of total volatility	1.98	-0.05	+2.03
Sortino ratio: Return per unit of downside risk	3.20	-0.03	+3.23
Omega ratio: Gain probability vs. loss probability	1.40	1.00	+0.40
Calmar ratio: Return relative to maximum drawdown	2.09	-0.07	+2.16
Martin ratio: Return relative to average drawdown	6.80	-0.13	+6.93

EVLN vs. PCFI - Sharpe Ratio Comparison

The current EVLN Sharpe Ratio is 1.98, which is higher than the PCFI Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of EVLN and PCFI, 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. PCFI - Drawdown Comparison

The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum PCFI drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for EVLN and PCFI.

Drawdown Indicators

	EVLN	PCFI	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-4.01%	+1.23%
Max Drawdown (1Y) Largest decline over 1 year	-1.77%	-4.00%	+2.23%
Current Drawdown Current decline from peak	-0.32%	-1.56%	+1.24%
Average Drawdown Average peak-to-trough decline	-0.21%	-1.76%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	2.26%	-1.72%

Volatility

EVLN vs. PCFI - Volatility Comparison

The current volatility for Eaton Vance Floating-Rate ETF (EVLN) is 0.39%, while Polen Floating Rate Income ETF (PCFI) has a volatility of 0.67%. This indicates that EVLN experiences smaller price fluctuations and is considered to be less risky than PCFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLN	PCFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	0.67%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	1.66%	4.21%	-2.55%
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	5.72%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	6.98%	-4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	6.98%	-4.60%

EVLN vs. PCFI - Expense Ratio Comparison

EVLN has a 0.60% expense ratio, which is higher than PCFI's 0.49% expense ratio.

Dividends

EVLN vs. PCFI - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 6.80%, less than PCFI's 9.69% yield.

Position	TTM	2025	2024
EVLN Eaton Vance Floating-Rate ETF	6.80%	7.28%	6.41%
PCFI Polen Floating Rate Income ETF	9.69%	7.83%	0.00%

Frequently Asked Questions

Can I hold both EVLN and PCFI in my portfolio?

EVLN and PCFI have a correlation of 0.11, 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 PCFI?

PCFI has higher volatility (0.67%) compared to EVLN (0.39%). In terms of maximum drawdown, EVLN dropped -2.78% vs PCFI's -4.01%.

Which ETF is better, EVLN or PCFI?

On 1-year performance, EVLN leads with 3.80% vs -0.27% for PCFI. On fees, PCFI is cheaper at 0.49% per year. On volatility, EVLN has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVLN or PCFI?

Over the 1-year period, EVLN has performed better with a 3.80% return vs -0.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVLN or PCFI?

PCFI is cheaper with a 0.49% expense ratio, compared with 0.60% for EVLN.

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

PCFI has the higher dividend yield at 9.69%, compared with 6.80% for EVLN.

What is the main difference between EVLN and PCFI?

They also come from different issuers: Eaton Vance and Polen. Their fees differ too: 0.60% for EVLN and 0.49% for PCFI.

Which has better risk-adjusted returns?

EVLN currently has the higher Sharpe Ratio (1.98 vs -0.05), 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.