EVLN vs. SCHO
Compare and contrast key facts about Eaton Vance Floating-Rate ETF (EVLN) and Schwab Short-Term U.S. Treasury ETF (SCHO).
EVLN and SCHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVLN is an actively managed fund by Eaton Vance. It was launched on Feb 6, 2024. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVLN or SCHO.
Correlation
The correlation between EVLN and SCHO is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EVLN vs. SCHO - Performance Comparison
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Key characteristics
EVLN:
2.18
SCHO:
3.08
EVLN:
3.04
SCHO:
4.87
EVLN:
1.63
SCHO:
1.65
EVLN:
2.39
SCHO:
5.52
EVLN:
13.26
SCHO:
15.64
EVLN:
0.50%
SCHO:
0.34%
EVLN:
3.08%
SCHO:
1.79%
EVLN:
-2.78%
SCHO:
-5.69%
EVLN:
0.00%
SCHO:
-0.44%
Returns By Period
In the year-to-date period, EVLN achieves a 1.58% return, which is significantly lower than SCHO's 2.30% return.
EVLN
1.58%
2.86%
2.61%
6.61%
N/A
N/A
N/A
SCHO
2.30%
-0.03%
2.56%
5.48%
2.95%
1.13%
1.47%
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EVLN vs. SCHO - Expense Ratio Comparison
EVLN has a 0.60% expense ratio, which is higher than SCHO's 0.05% expense ratio.
Risk-Adjusted Performance
EVLN vs. SCHO — Risk-Adjusted Performance Rank
EVLN
SCHO
EVLN vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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.
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Dividends
EVLN vs. SCHO - Dividend Comparison
EVLN's dividend yield for the trailing twelve months is around 8.25%, more than SCHO's 4.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 8.25% | 6.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHO Schwab Short-Term U.S. Treasury ETF | 4.23% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.26% | 1.78% | 1.12% | 0.82% | 0.68% | 0.47% |
Drawdowns
EVLN vs. SCHO - Drawdown Comparison
The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum SCHO drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for EVLN and SCHO. For additional features, visit the drawdowns tool.
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Volatility
EVLN vs. SCHO - Volatility Comparison
Eaton Vance Floating-Rate ETF (EVLN) has a higher volatility of 0.82% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.51%. This indicates that EVLN's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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