EVLN vs. TIPB

Last updated Jun 4, 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. At a 0.04 correlation, their price movements are largely independent.

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 1.37% return, which is significantly lower than TIPB's 1.86% return.

EVLN

• 1D: -0.04%
• 1M: 0.66%
• YTD: 1.37%
• 6M: 1.73%
• 1Y: 4.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TIPB

• 1D: -0.12%
• 1M: -0.22%
• YTD: 1.86%
• 6M: 1.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVLN vs. TIPB - Yearly Performance Comparison

	2026 (YTD)	2025
EVLN Eaton Vance Floating-Rate ETF	1.37%	1.89%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.86%	0.79%

Correlation

The correlation between EVLN and TIPB is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.04

Return for Risk

EVLN vs. TIPB — Risk / Return Rank

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

EVLN

EVLN Risk / Return Rank: 73
EVLN Sharpe Ratio Rank: 80
EVLN Sortino Ratio Rank: 91
EVLN Omega Ratio Rank: 88
EVLN Calmar Ratio Rank: 56
EVLN Martin Ratio Rank: 53

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. 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.

	EVLN	TIPB	Difference
Sharpe ratio Return per unit of total volatility	2.61	—	—
Sortino ratio Return per unit of downside risk	4.39	—	—
Omega ratio Gain probability vs. loss probability	1.55	—	—
Calmar ratio Return relative to maximum drawdown	2.76	—	—
Martin ratio Return relative to average drawdown	9.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EVLN	TIPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.55	1.35	+1.21

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	-0.04%	-0.31%	+0.27%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.37%	+0.15%
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	0.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	2.54%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	2.54%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.43%	2.54%	-0.11%

Dividends

EVLN vs. TIPB - Dividend Comparison

EVLN's dividend yield for the trailing twelve months is around 6.92%, more than TIPB's 3.02% yield.

Position	TTM	2025	2024
EVLN Eaton Vance Floating-Rate ETF	6.92%	7.28%	6.41%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.02%	1.09%	0.00%

Frequently Asked Questions

Can I hold both EVLN and TIPB in my portfolio?

EVLN and TIPB have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

EVLN has the higher dividend yield at 6.92%, compared with 3.02% 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.