EVLN vs. TIPB

Last updated Aug 2, 2026

EVLN (Eaton Vance Floating-Rate ETF) and TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) are both exchange-traded funds - EVLN is a Bank Loan fund actively managed by Eaton Vance, while TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust. Both are actively managed. Their 0.05 correlation means their historical movements had little consistent relationship. EVLN charges 0.60%/yr vs 0.10%/yr for TIPB.

Performance

EVLN vs. TIPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Floating-Rate ETF (EVLN) and Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB). 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 TIPB's 1.32% return.

EVLN

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

TIPB

• 1D: -0.11%
• 1M: -0.15%
• 6M: 0.74%
• YTD: 1.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	$2.11K	$9.22K	$33.66K

EVLN vs. TIPB - Yearly Performance Comparison

	2026 (YTD)	2025
EVLN Eaton Vance Floating-Rate ETF	1.55%	2.00%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.32%	0.79%

Correlation

The correlation between EVLN and TIPB is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.05

Return for Risk

EVLN vs. TIPB — 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

TIPB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. TIPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate ETF (EVLN) and Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB). 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	TIPB	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	3.20	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	2.09	—	—
Martin ratio: Return relative to average drawdown	6.80	—	—

Drawdowns

EVLN vs. TIPB - Drawdown Comparison

The maximum EVLN drawdown since its inception was -2.78%, which is greater than TIPB's maximum drawdown of -1.32%. Use the drawdown chart below to compare losses from any high point for EVLN and TIPB.

Drawdown Indicators

	EVLN	TIPB	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-1.32%	-1.46%
Max Drawdown (1Y) Largest decline over 1 year	-1.77%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.85%	+0.53%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.42%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	—	—

Volatility

Volatility by Period

	EVLN	TIPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	2.60%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	2.60%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	2.60%	-0.22%

EVLN vs. TIPB - Expense Ratio Comparison

EVLN has a 0.60% expense ratio, which is higher than TIPB's 0.10% expense ratio.

Dividends

EVLN vs. TIPB - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 6.80%, more than TIPB's 4.16% yield.

Position	TTM	2025	2024
EVLN Eaton Vance Floating-Rate ETF	6.80%	7.28%	6.41%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	4.16%	1.09%	0.00%

Frequently Asked Questions

Can I hold both EVLN and TIPB in my portfolio?

EVLN and TIPB have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVLN or TIPB?

On fees, TIPB is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVLN or TIPB?

TIPB is cheaper with a 0.10% expense ratio, compared with 0.60% for EVLN.

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

EVLN has the higher dividend yield at 6.80%, compared with 4.16% for TIPB.

What is the main difference between EVLN and TIPB?

EVLN is categorized as Bank Loan, while TIPB is Inflation-Protected Bonds. They also come from different issuers: Eaton Vance and Northern Trust. Their fees differ too: 0.60% for EVLN and 0.10% for TIPB.