EVLN vs. SCHO

Last updated Apr 1, 2026

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 U.S. Treasury 1-3 Year Index. It was launched on Aug 5, 2010.

Performance

EVLN vs. SCHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Floating-Rate ETF (EVLN) and Schwab Short-Term U.S. Treasury ETF (SCHO). The values are adjusted to include any dividend payments, if applicable.

EVLN vs. SCHO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLN Eaton Vance Floating-Rate ETF	-0.98%	5.59%	7.29%
SCHO Schwab Short-Term U.S. Treasury ETF	0.24%	5.49%	3.60%

Returns By Period

In the year-to-date period, EVLN achieves a -0.98% return, which is significantly lower than SCHO's 0.24% return.

EVLN

• 1D: 0.16%
• 1M: 0.41%
• YTD: -0.98%
• 6M: 0.33%
• 1Y: 4.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHO

• 1D: 0.08%
• 1M: -0.45%
• YTD: 0.24%
• 6M: 1.40%
• 1Y: 3.77%
• 3Y*: 3.99%
• 5Y*: 1.79%
• 10Y*: 1.71%

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

EVLN vs. SCHO - Expense Ratio Comparison

EVLN has a 0.60% expense ratio, which is higher than SCHO's 0.03% expense ratio.

EVLN

Eaton Vance Floating-Rate ETF

SCHO

Schwab Short-Term U.S. Treasury ETF

Return for Risk

EVLN vs. SCHO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVLN

EVLN Risk / Return Rank: 80
EVLN Sharpe Ratio Rank: 79
EVLN Sortino Ratio Rank: 81
EVLN Omega Ratio Rank: 90
EVLN Calmar Ratio Rank: 77
EVLN Martin Ratio Rank: 72

SCHO

SCHO Risk / Return Rank: 97
SCHO Sharpe Ratio Rank: 96
SCHO Sortino Ratio Rank: 98
SCHO Omega Ratio Rank: 96
SCHO Calmar Ratio Rank: 96
SCHO Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVLN vs. SCHO - Risk-Adjusted Trends 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.

	EVLN	SCHO	Difference
Sharpe ratio Return per unit of total volatility	1.47	2.49	-1.02
Sortino ratio Return per unit of downside risk	2.11	4.00	-1.90
Omega ratio Gain probability vs. loss probability	1.37	1.51	-0.14
Calmar ratio Return relative to maximum drawdown	2.02	4.44	-2.42
Martin ratio Return relative to average drawdown	7.31	17.55	-10.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVLN vs. SCHO - Sharpe Ratio Comparison

The current EVLN Sharpe Ratio is 1.47, which is lower than the SCHO Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of EVLN and SCHO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EVLN	SCHO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.49	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.28	1.00	+1.29

Correlation

The correlation between EVLN and SCHO is -0.06. 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.

Dividends

EVLN vs. SCHO - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 7.19%, more than SCHO's 4.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVLN Eaton Vance Floating-Rate ETF	7.19%	7.28%	6.41%	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	4.00%	4.06%	4.29%	3.76%	1.34%	0.41%	1.27%	2.27%	1.60%	1.12%	0.82%	0.68%

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.

Drawdown Indicators

	EVLN	SCHO	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-5.69%	+2.91%
Max Drawdown (1Y) Largest decline over 1 year	-2.05%	-0.86%	-1.19%
Max Drawdown (5Y) Largest decline over 5 years	—	-5.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.69%	—
Current Drawdown Current decline from peak	-1.32%	-0.45%	-0.87%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.61%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	0.22%	+0.38%

Volatility

EVLN vs. SCHO - Volatility Comparison

Eaton Vance Floating-Rate ETF (EVLN) has a higher volatility of 0.83% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.52%. 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.

Volatility by Period

	EVLN	SCHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	0.52%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	1.36%	0.87%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	3.07%	1.52%	+1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	1.97%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.43%	1.55%	+0.88%