EVX vs. FLTR
EVX (VanEck Vectors Environmental Services ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - EVX is a Industrials Equities fund tracking the NYSE Arca Environmental Services Index, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 10 years, EVX returned 11.92%/yr vs 3.50%/yr for FLTR. At a 0.08 correlation, their price movements are largely independent. EVX charges 0.55%/yr vs 0.14%/yr for FLTR.
Performance
EVX vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, EVX achieves a 3.50% return, which is significantly higher than FLTR's 1.95% return. Over the past 10 years, EVX has outperformed FLTR with an annualized return of 11.92%, while FLTR has yielded a comparatively lower 3.50% annualized return.
EVX
- 1D
- 0.50%
- 1M
- -0.77%
- YTD
- 3.50%
- 6M
- 2.17%
- 1Y
- 6.14%
- 3Y*
- 10.59%
- 5Y*
- 7.23%
- 10Y*
- 11.92%
FLTR
- 1D
- 0.04%
- 1M
- 0.50%
- YTD
- 1.95%
- 6M
- 2.48%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.50%
- 10Y*
- 3.50%
EVX vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 3.50% | 11.72% | 12.99% | 12.97% | -10.58% | 27.47% | 13.28% | 28.41% | -3.82% | 16.05% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 1.95% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | 0.30% | 2.80% |
Correlation
The correlation between EVX and FLTR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.08 |
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Return for Risk
EVX vs. FLTR — Risk / Return Rank
EVX
FLTR
EVX vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.
| EVX | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.32 | ||
| Sortino ratioReturn per unit of downside risk | -12.06 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 3.15 | -2.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 16.96 | -16.39 |
| Martin ratioReturn relative to average drawdown | 1.34 | 101.22 | -99.88 |
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
| EVX | FLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 6.77 | -6.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 2.12 | -1.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.70 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.53 | -0.10 |
Drawdowns
EVX vs. FLTR - Drawdown Comparison
The maximum EVX drawdown since its inception was -55.91%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for EVX and FLTR.
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Drawdown Indicators
| EVX | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -17.84% | -38.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -0.31% | -10.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.33% | -1.93% | -17.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -3.06% | -18.39% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -17.84% | -23.17% |
Current DrawdownCurrent decline from peak | -6.50% | 0.00% | -6.50% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -0.67% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 0.05% | +4.53% |
Volatility
EVX vs. FLTR - Volatility Comparison
VanEck Vectors Environmental Services ETF (EVX) has a higher volatility of 3.50% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that EVX's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVX | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 0.25% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 0.62% | +9.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 0.79% | +12.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 2.13% | +15.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 5.00% | +15.25% |
EVX vs. FLTR - Expense Ratio Comparison
EVX has a 0.55% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Dividends
EVX vs. FLTR - Dividend Comparison
EVX's dividend yield for the trailing twelve months is around 0.18%, less than FLTR's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 0.18% | 0.19% | 0.46% | 0.95% | 0.41% | 0.24% | 0.32% | 0.38% | 0.38% | 0.89% | 0.70% | 1.16% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.73% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
Frequently Asked Questions
EVX and FLTR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVX has higher volatility (3.50%) compared to FLTR (0.25%). In terms of maximum drawdown, EVX dropped -55.91% vs FLTR's -17.84%.
On 10-year performance, EVX leads with 11.92% vs 3.50% for FLTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EVX has performed better with a 11.92% return vs 3.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.55% for EVX.
FLTR has the higher dividend yield at 4.73%, compared with 0.18% for EVX.
EVX is categorized as Industrials Equities, while FLTR is Corporate Bonds. EVX tracks NYSE Arca Environmental Services Index, while FLTR tracks MVIS US Investment Grade Floating Rate Index. Their fees differ too: 0.55% for EVX and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.77 vs 0.45), 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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