EVTR vs. BIV
EVTR (Eaton Vance Total Return Bond ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both exchange-traded funds - EVTR is a Intermediate Core-Plus Bond fund actively managed by Eaton Vance, while BIV is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. EVTR is actively managed, while BIV is passively managed. Over the past year, EVTR returned 5.42% vs 4.70% for BIV. Their correlation of 0.95 suggests significant overlap in exposure. EVTR charges 0.32%/yr vs 0.03%/yr for BIV.
Performance
EVTR vs. BIV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EVTR achieves a -0.18% return, which is significantly higher than BIV's -0.67% return.
EVTR
- 1D
- -0.10%
- 1M
- -0.81%
- YTD
- -0.18%
- 6M
- 0.39%
- 1Y
- 5.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIV
- 1D
- -0.05%
- 1M
- -0.94%
- YTD
- -0.67%
- 6M
- -0.33%
- 1Y
- 4.70%
- 3Y*
- 4.27%
- 5Y*
- 0.08%
- 10Y*
- 1.83%
EVTR vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVTR Eaton Vance Total Return Bond ETF | -0.18% | 8.10% | 4.03% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.67% | 8.52% | 2.38% |
Correlation
The correlation between EVTR and BIV is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.95 |
The correlation between EVTR and BIV has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EVTR vs. BIV — Risk / Return Rank
EVTR
BIV
EVTR vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Total Return Bond ETF (EVTR) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| EVTR | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.49 | +0.41 |
| Martin ratioReturn relative to average drawdown | 5.94 | 4.40 | +1.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EVTR | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.18 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.64 | +0.62 |
Drawdowns
EVTR vs. BIV - Drawdown Comparison
The maximum EVTR drawdown since its inception was -4.08%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for EVTR and BIV.
Loading charts...
Drawdown Indicators
| EVTR | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.08% | -18.95% | +14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.18% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -1.90% | -2.46% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -3.39% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.07% | -0.16% |
Volatility
EVTR vs. BIV - Volatility Comparison
Eaton Vance Total Return Bond ETF (EVTR) and Vanguard Intermediate-Term Bond Index ETF (BIV) have volatilities of 1.40% and 1.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EVTR | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.35% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.93% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 4.00% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 6.40% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 5.51% | -1.20% |
EVTR vs. BIV - Expense Ratio Comparison
EVTR has a 0.32% expense ratio, which is higher than BIV's 0.03% expense ratio.
Dividends
EVTR vs. BIV - Dividend Comparison
EVTR's dividend yield for the trailing twelve months is around 4.70%, more than BIV's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.24% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
EVTR Eaton Vance Total Return Bond ETF | 4.70% | 4.51% | 4.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, EVTR and BIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EVTR has higher volatility (1.40%) compared to BIV (1.35%). In terms of maximum drawdown, EVTR dropped -4.08% vs BIV's -18.95%.
On 1-year performance, EVTR leads with 5.42% vs 4.70% for BIV. On fees, BIV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVTR has performed better with a 5.42% return vs 4.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.32% for EVTR.
EVTR has the higher dividend yield at 4.70%, compared with 4.24% for BIV.
EVTR is categorized as Intermediate Core-Plus Bond, while BIV is Intermediate Core Bond. They also come from different issuers: Eaton Vance and Vanguard. Their fees differ too: 0.32% for EVTR and 0.03% for BIV.
EVTR currently has the higher Sharpe Ratio (1.50 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for EVTR and BIV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer