EVLN vs. SPTS
Compare and contrast key facts about Eaton Vance Floating-Rate ETF (EVLN) and SPDR Portfolio Short Term Treasury ETF (SPTS).
EVLN and SPTS 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. SPTS is a passively managed fund by State Street that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Nov 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVLN or SPTS.
Correlation
The correlation between EVLN and SPTS 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.
Performance
EVLN vs. SPTS - Performance Comparison
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Key characteristics
EVLN:
2.18
SPTS:
3.14
EVLN:
3.04
SPTS:
5.13
EVLN:
1.63
SPTS:
1.68
EVLN:
2.39
SPTS:
5.79
EVLN:
13.26
SPTS:
16.39
EVLN:
0.50%
SPTS:
0.34%
EVLN:
3.08%
SPTS:
1.72%
EVLN:
-2.78%
SPTS:
-5.83%
EVLN:
0.00%
SPTS:
-0.55%
Returns By Period
In the year-to-date period, EVLN achieves a 1.58% return, which is significantly lower than SPTS's 1.75% return.
EVLN
1.58%
2.86%
2.61%
6.61%
N/A
N/A
N/A
SPTS
1.75%
-0.11%
2.48%
5.44%
2.97%
1.13%
1.50%
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EVLN vs. SPTS - Expense Ratio Comparison
EVLN has a 0.60% expense ratio, which is higher than SPTS's 0.06% expense ratio.
Risk-Adjusted Performance
EVLN vs. SPTS — Risk-Adjusted Performance Rank
EVLN
SPTS
EVLN vs. SPTS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and SPDR Portfolio Short Term Treasury ETF (SPTS). 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. SPTS - Dividend Comparison
EVLN's dividend yield for the trailing twelve months is around 8.25%, more than SPTS's 4.18% 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% |
SPTS SPDR Portfolio Short Term Treasury ETF | 4.18% | 4.25% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% |
Drawdowns
EVLN vs. SPTS - Drawdown Comparison
The maximum EVLN drawdown since its inception was -2.78%, smaller than the maximum SPTS drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for EVLN and SPTS. For additional features, visit the drawdowns tool.
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Volatility
EVLN vs. SPTS - Volatility Comparison
Eaton Vance Floating-Rate ETF (EVLN) has a higher volatility of 0.82% compared to SPDR Portfolio Short Term Treasury ETF (SPTS) at 0.55%. This indicates that EVLN's price experiences larger fluctuations and is considered to be riskier than SPTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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