EVTR vs. RWK
EVTR (Eaton Vance Total Return Bond ETF) and RWK (Invesco S&P MidCap 400 Revenue ETF) are both exchange-traded funds - EVTR is a Intermediate Core-Plus Bond fund actively managed by Eaton Vance, while RWK is a Small Cap Blend Equities fund tracking the S&P MidCap 400 Revenue-Weighted Index. EVTR is actively managed, while RWK is passively managed. Over the past year, EVTR returned 5.42% vs 26.47% for RWK. At a 0.25 correlation, their price movements are largely independent. EVTR charges 0.32%/yr vs 0.39%/yr for RWK.
Performance
EVTR vs. RWK - Performance Comparison
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Returns By Period
In the year-to-date period, EVTR achieves a -0.18% return, which is significantly lower than RWK's 12.60% return.
EVTR
- 1D
- -0.10%
- 1M
- -0.81%
- YTD
- -0.18%
- 6M
- 0.39%
- 1Y
- 5.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RWK
- 1D
- 0.33%
- 1M
- 1.42%
- YTD
- 12.60%
- 6M
- 12.51%
- 1Y
- 26.47%
- 3Y*
- 16.89%
- 5Y*
- 10.58%
- 10Y*
- 12.66%
EVTR vs. RWK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVTR Eaton Vance Total Return Bond ETF | -0.18% | 8.10% | 4.07% |
RWK Invesco S&P MidCap 400 Revenue ETF | 12.60% | 10.27% | 4.10% |
Correlation
The correlation between EVTR and RWK is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024 | 0.25 |
The correlation between EVTR and RWK shifts across timeframes, from 0.25 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EVTR vs. RWK — Risk / Return Rank
EVTR
RWK
EVTR vs. RWK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Total Return Bond ETF (EVTR) and Invesco S&P MidCap 400 Revenue ETF (RWK). 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 | RWK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.39 | -0.48 |
| Martin ratioReturn relative to average drawdown | 5.94 | 7.67 | -1.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVTR | RWK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.60 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.48 | +0.79 |
Drawdowns
EVTR vs. RWK - Drawdown Comparison
The maximum EVTR drawdown since its inception was -4.08%, smaller than the maximum RWK drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for EVTR and RWK.
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Drawdown Indicators
| EVTR | RWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.08% | -56.49% | +52.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -11.14% | +8.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.20% | — |
Current DrawdownCurrent decline from peak | -1.90% | -0.99% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -7.55% | +6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 3.46% | -2.55% |
Volatility
EVTR vs. RWK - Volatility Comparison
The current volatility for Eaton Vance Total Return Bond ETF (EVTR) is 1.40%, while Invesco S&P MidCap 400 Revenue ETF (RWK) has a volatility of 4.08%. This indicates that EVTR experiences smaller price fluctuations and is considered to be less risky than RWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVTR | RWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 4.08% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 11.88% | -9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 16.67% | -13.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 21.13% | -16.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 22.95% | -18.64% |
EVTR vs. RWK - Expense Ratio Comparison
EVTR has a 0.32% expense ratio, which is lower than RWK's 0.39% expense ratio.
Dividends
EVTR vs. RWK - Dividend Comparison
EVTR's dividend yield for the trailing twelve months is around 4.70%, more than RWK's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RWK Invesco S&P MidCap 400 Revenue ETF | 1.13% | 1.25% | 1.11% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.99% | 1.30% | 0.92% |
Frequently Asked Questions
EVTR and RWK have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWK has higher volatility (4.08%) compared to EVTR (1.40%). In terms of maximum drawdown, EVTR dropped -4.08% vs RWK's -56.49%.
On 1-year performance, RWK leads with 26.47% vs 5.42% for EVTR. On fees, EVTR is cheaper at 0.32% per year. On volatility, EVTR has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RWK has performed better with a 26.47% return vs 5.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVTR is cheaper with a 0.32% expense ratio, compared with 0.39% for RWK.
EVTR has the higher dividend yield at 4.70%, compared with 1.13% for RWK.
EVTR is categorized as Intermediate Core-Plus Bond, while RWK is Small Cap Blend Equities. They also come from different issuers: Eaton Vance and Invesco. Their fees differ too: 0.32% for EVTR and 0.39% for RWK.
RWK currently has the higher Sharpe Ratio (1.60 vs 1.50), 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.
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