EVPF vs. EVHY

Last updated Aug 1, 2026

EVPF (Eaton Vance Preferred Securities and Income ETF) and EVHY (Eaton Vance High Yield ETF) are both exchange-traded funds - EVPF is a Preferred Stock fund actively managed by Eaton Vance, while EVHY is a High Yield Bonds fund actively managed by Eaton Vance. Both are actively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. EVPF charges 0.39%/yr vs 0.48%/yr for EVHY.

Performance

EVPF vs. EVHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Preferred Securities and Income ETF (EVPF) and Eaton Vance High Yield ETF (EVHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVPF

• 1D: 0.16%
• 1M: -0.49%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

EVHY

• 1D: -0.02%
• 1M: -0.28%
• 6M: 1.34%
• YTD: 1.65%
• 1Y: 5.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.28%

*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)
EVHY Eaton Vance High Yield ETF	$177.50K	$146.90K	$289.49K
EVPF Eaton Vance Preferred Securities and Income ETF	$219.09K	$314.39K	$349.89K

EVPF vs. EVHY - Yearly Performance Comparison

	2026 (YTD)
EVPF Eaton Vance Preferred Securities and Income ETF	1.26%
EVHY Eaton Vance High Yield ETF	1.04%

Correlation

The correlation between EVPF and EVHY is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026	0.71

Return for Risk

EVPF vs. EVHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVPF

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

EVHY

EVHY Risk / Return Rank: 73
EVHY Sharpe Ratio Rank: 72
EVHY Sortino Ratio Rank: 77
EVHY Omega Ratio Rank: 76
EVHY Calmar Ratio Rank: 62
EVHY Martin Ratio Rank: 80

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.

EVPF vs. EVHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Preferred Securities and Income ETF (EVPF) and Eaton Vance High Yield ETF (EVHY). 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.

	EVPF	EVHY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.63	—
Sortino ratio: Return per unit of downside risk	—	2.48	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.19	—
Martin ratio: Return relative to average drawdown	—	10.54	—

Drawdowns

EVPF vs. EVHY - Drawdown Comparison

The maximum EVPF drawdown since its inception was -2.36%, smaller than the maximum EVHY drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for EVPF and EVHY.

Drawdown Indicators

	EVPF	EVHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-3.71%	+1.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.51%	—
Current Drawdown Current decline from peak	-0.74%	-0.29%	-0.45%
Average Drawdown Average peak-to-trough decline	-0.45%	-0.36%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	EVPF	EVHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.77%	3.37%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.77%	4.45%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.77%	4.45%	-0.68%

EVPF vs. EVHY - Expense Ratio Comparison

EVPF has a 0.39% expense ratio, which is lower than EVHY's 0.48% expense ratio.

Dividends

EVPF vs. EVHY - Dividend Comparison

EVPF's dividend yield for the trailing twelve months is around 2.10%, less than EVHY's 7.19% yield.

Position	TTM	2025	2024	2023
EVHY Eaton Vance High Yield ETF	7.19%	7.39%	7.66%	1.44%
EVPF Eaton Vance Preferred Securities and Income ETF	2.10%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVPF and EVHY in my portfolio?

EVPF and EVHY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVPF or EVHY?

On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVPF or EVHY?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.48% for EVHY.

Which ETF pays a higher dividend yield, EVPF or EVHY?

EVHY has the higher dividend yield at 7.19%, compared with 2.10% for EVPF.

What is the main difference between EVPF and EVHY?

EVPF is categorized as Preferred Stock, while EVHY is High Yield Bonds. Their fees differ too: 0.39% for EVPF and 0.48% for EVHY.