FXU vs. EVLN
FXU (First Trust Utilities AlphaDEX Fund) and EVLN (Eaton Vance Floating-Rate ETF) are both exchange-traded funds - FXU is a Utilities Equities fund tracking the StrataQuant Utilities Index, while EVLN is a Bank Loan fund actively managed by Eaton Vance. FXU is passively managed, while EVLN is actively managed. Over the past year, FXU returned 16.12% vs 4.93% for EVLN. At a 0.06 correlation, their price movements are largely independent. FXU charges 0.62%/yr vs 0.60%/yr for EVLN.
Performance
FXU vs. EVLN - Performance Comparison
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Returns By Period
In the year-to-date period, FXU achieves a 6.79% return, which is significantly higher than EVLN's 1.45% return.
FXU
- 1D
- 0.59%
- 1M
- -2.33%
- YTD
- 6.79%
- 6M
- 6.17%
- 1Y
- 16.12%
- 3Y*
- 17.63%
- 5Y*
- 11.81%
- 10Y*
- 9.27%
EVLN
- 1D
- 0.08%
- 1M
- 0.59%
- YTD
- 1.45%
- 6M
- 1.70%
- 1Y
- 4.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXU vs. EVLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FXU First Trust Utilities AlphaDEX Fund | 6.79% | 21.86% | 31.06% |
EVLN Eaton Vance Floating-Rate ETF | 1.45% | 5.59% | 7.29% |
Correlation
The correlation between FXU and EVLN is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2024 | 0.06 |
The correlation between FXU and EVLN shifts across timeframes, from -0.13 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXU vs. EVLN — Risk / Return Rank
FXU
EVLN
FXU vs. EVLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Utilities AlphaDEX Fund (FXU) and Eaton Vance Floating-Rate ETF (EVLN). 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.
| FXU | EVLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.56 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.80 | -0.92 |
| Martin ratioReturn relative to average drawdown | 5.26 | 9.13 | -3.86 |
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
| FXU | EVLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.64 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 2.56 | -2.15 |
Drawdowns
FXU vs. EVLN - Drawdown Comparison
The maximum FXU drawdown since its inception was -49.00%, which is greater than EVLN's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for FXU and EVLN.
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Drawdown Indicators
| FXU | EVLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.00% | -2.78% | -46.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -1.77% | -6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.81% | — | — |
Current DrawdownCurrent decline from peak | -6.80% | 0.00% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -0.22% | -7.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 0.54% | +2.53% |
Volatility
FXU vs. EVLN - Volatility Comparison
First Trust Utilities AlphaDEX Fund (FXU) has a higher volatility of 4.71% compared to Eaton Vance Floating-Rate ETF (EVLN) at 0.45%. This indicates that FXU's price experiences larger fluctuations and is considered to be riskier than EVLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXU | EVLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 0.45% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 1.62% | +8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 1.87% | +11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 2.43% | +14.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 2.43% | +15.89% |
FXU vs. EVLN - Expense Ratio Comparison
FXU has a 0.62% expense ratio, which is higher than EVLN's 0.60% expense ratio.
Dividends
FXU vs. EVLN - Dividend Comparison
FXU's dividend yield for the trailing twelve months is around 2.19%, less than EVLN's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVLN Eaton Vance Floating-Rate ETF | 6.91% | 7.28% | 6.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXU First Trust Utilities AlphaDEX Fund | 2.19% | 2.29% | 2.41% | 2.52% | 2.03% | 2.00% | 3.97% | 2.34% | 2.40% | 3.81% | 2.62% | 3.90% |
Frequently Asked Questions
FXU and EVLN have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXU has higher volatility (4.71%) compared to EVLN (0.45%). In terms of maximum drawdown, FXU dropped -49.00% vs EVLN's -2.78%.
On 1-year performance, FXU leads with 16.12% vs 4.93% for EVLN. On fees, EVLN is cheaper at 0.60% per year. On volatility, EVLN has been the lower-risk option at 0.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FXU has performed better with a 16.12% return vs 4.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLN is cheaper with a 0.60% expense ratio, compared with 0.62% for FXU.
EVLN has the higher dividend yield at 6.91%, compared with 2.19% for FXU.
FXU is categorized as Utilities Equities, while EVLN is Bank Loan. They also come from different issuers: First Trust and Eaton Vance. Their fees differ too: 0.62% for FXU and 0.60% for EVLN.
EVLN currently has the higher Sharpe Ratio (2.64 vs 1.24), 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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