EVLN vs. TFLR

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance Floating-Rate ETF (EVLN) and T. Rowe Price Floating Rate ETF (TFLR).

EVLN and TFLR 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. TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022.

Performance

EVLN vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Floating-Rate ETF (EVLN) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

EVLN vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLN Eaton Vance Floating-Rate ETF	-0.45%	5.59%	7.29%
TFLR T. Rowe Price Floating Rate ETF	-0.33%	6.57%	7.81%

Returns By Period

In the year-to-date period, EVLN achieves a -0.45% return, which is significantly lower than TFLR's -0.33% return.

EVLN

• 1D: 0.54%
• 1M: 1.00%
• YTD: -0.45%
• 6M: 0.99%
• 1Y: 5.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFLR

• 1D: 0.12%
• 1M: 0.99%
• YTD: -0.33%
• 6M: 1.26%
• 1Y: 5.91%
• 3Y*: 7.90%
• 5Y*: —
• 10Y*: —

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

EVLN vs. TFLR - Expense Ratio Comparison

Both EVLN and TFLR have an expense ratio of 0.60%.

EVLN

Eaton Vance Floating-Rate ETF

TFLR

T. Rowe Price Floating Rate ETF

Return for Risk

EVLN vs. TFLR — Risk / Return Rank

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

EVLN

EVLN Risk / Return Rank: 84
EVLN Sharpe Ratio Rank: 83
EVLN Sortino Ratio Rank: 87
EVLN Omega Ratio Rank: 93
EVLN Calmar Ratio Rank: 82
EVLN Martin Ratio Rank: 76

TFLR

TFLR Risk / Return Rank: 69
TFLR Sharpe Ratio Rank: 60
TFLR Sortino Ratio Rank: 54
TFLR Omega Ratio Rank: 92
TFLR Calmar Ratio Rank: 62
TFLR Martin Ratio Rank: 79

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. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and T. Rowe Price Floating Rate ETF (TFLR). 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	TFLR	Difference
Sharpe ratio Return per unit of total volatility	1.68	1.09	+0.60
Sortino ratio Return per unit of downside risk	2.43	1.47	+0.96
Omega ratio Gain probability vs. loss probability	1.44	1.41	+0.02
Calmar ratio Return relative to maximum drawdown	2.47	1.65	+0.83
Martin ratio Return relative to average drawdown	8.59	8.96	-0.37
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. TFLR - Sharpe Ratio Comparison

The current EVLN Sharpe Ratio is 1.68, which is higher than the TFLR Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of EVLN and TFLR, 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	TFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	1.09	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	2.37	2.11	+0.26

Correlation

The correlation between EVLN and TFLR is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EVLN vs. TFLR - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 7.15%, more than TFLR's 6.94% yield.

	TTM	2025	2024	2023	2022
EVLN Eaton Vance Floating-Rate ETF	7.15%	7.28%	6.41%	0.00%	0.00%
TFLR T. Rowe Price Floating Rate ETF	6.94%	6.93%	8.18%	7.76%	0.58%

Drawdowns

EVLN vs. TFLR - Drawdown Comparison

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

Drawdown Indicators

	EVLN	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-4.01%	+1.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.01%	-3.50%	+1.49%
Current Drawdown Current decline from peak	-0.78%	-0.83%	+0.05%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.22%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	0.64%	-0.05%

Volatility

EVLN vs. TFLR - Volatility Comparison

Eaton Vance Floating-Rate ETF (EVLN) has a higher volatility of 0.98% compared to T. Rowe Price Floating Rate ETF (TFLR) at 0.89%. This indicates that EVLN's price experiences larger fluctuations and is considered to be riskier than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLN	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.89%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	1.46%	1.65%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	3.12%	5.47%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.46%	3.74%	-1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.46%	3.74%	-1.28%