SPTS vs. EVLN

Last updated Jun 4, 2026

SPTS (SPDR Portfolio Short Term Treasury ETF) and EVLN (Eaton Vance Floating-Rate ETF) are both exchange-traded funds - SPTS is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while EVLN is a Bank Loan fund actively managed by Eaton Vance. SPTS is passively managed, while EVLN is actively managed. Over the past year, SPTS returned 3.45% vs 4.86% for EVLN. At a correlation of -0.04, they often move in opposite directions. SPTS charges 0.03%/yr vs 0.60%/yr for EVLN.

Performance

SPTS vs. EVLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Short Term Treasury ETF (SPTS) and Eaton Vance Floating-Rate ETF (EVLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPTS achieves a 0.45% return, which is significantly lower than EVLN's 1.37% return.

SPTS

• 1D: -0.07%
• 1M: 0.05%
• YTD: 0.45%
• 6M: 0.77%
• 1Y: 3.45%
• 3Y*: 4.18%
• 5Y*: 1.81%
• 10Y*: 1.67%

EVLN

• 1D: -0.04%
• 1M: 0.66%
• YTD: 1.37%
• 6M: 1.73%
• 1Y: 4.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPTS vs. EVLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPTS SPDR Portfolio Short Term Treasury ETF	0.45%	5.05%	4.12%
EVLN Eaton Vance Floating-Rate ETF	1.37%	5.59%	7.29%

Correlation

The correlation between SPTS and EVLN is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Feb 9, 2024	-0.04

Return for Risk

SPTS vs. EVLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPTS

SPTS Risk / Return Rank: 84
SPTS Sharpe Ratio Rank: 79
SPTS Sortino Ratio Rank: 91
SPTS Omega Ratio Rank: 87
SPTS Calmar Ratio Rank: 79
SPTS Martin Ratio Rank: 82

EVLN

EVLN Risk / Return Rank: 73
EVLN Sharpe Ratio Rank: 80
EVLN Sortino Ratio Rank: 91
EVLN Omega Ratio Rank: 88
EVLN Calmar Ratio Rank: 56
EVLN Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPTS vs. EVLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) 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.

	SPTS	EVLN	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.61	+0.03
Sortino ratio: Return per unit of downside risk	4.47	4.39	+0.08
Omega ratio: Gain probability vs. loss probability	1.55	1.55	0.00
Calmar ratio: Return relative to maximum drawdown	4.13	2.76	+1.37
Martin ratio: Return relative to average drawdown	16.52	9.01	+7.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPTS vs. EVLN - Sharpe Ratio Comparison

The current SPTS Sharpe Ratio is 2.63, which is comparable to the EVLN Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of SPTS and EVLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPTS	EVLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.61	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	2.55	-2.06

Drawdowns

SPTS vs. EVLN - Drawdown Comparison

The maximum SPTS drawdown since its inception was -5.83%, which is greater than EVLN's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for SPTS and EVLN.

Drawdown Indicators

	SPTS	EVLN	Difference
Max Drawdown Largest peak-to-trough decline	-5.83%	-2.78%	-3.05%
Max Drawdown (1Y) Largest decline over 1 year	-0.84%	-1.77%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-0.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.71%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.04%	-0.24%
Average Drawdown Average peak-to-trough decline	-1.72%	-0.22%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	0.54%	-0.33%

Volatility

SPTS vs. EVLN - Volatility Comparison

The current volatility for SPDR Portfolio Short Term Treasury ETF (SPTS) is 0.34%, while Eaton Vance Floating-Rate ETF (EVLN) has a volatility of 0.46%. This indicates that SPTS experiences smaller price fluctuations and is considered to be less risky than EVLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTS	EVLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	0.46%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	0.86%	1.62%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	1.32%	1.89%	-0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.98%	2.43%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.72%	2.43%	-0.71%

SPTS vs. EVLN - Expense Ratio Comparison

SPTS has a 0.03% expense ratio, which is lower than EVLN's 0.60% expense ratio.

Dividends

SPTS vs. EVLN - Dividend Comparison

SPTS's dividend yield for the trailing twelve months is around 3.91%, less than EVLN's 6.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVLN Eaton Vance Floating-Rate ETF	6.92%	7.28%	6.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPTS SPDR Portfolio Short Term Treasury ETF	3.91%	3.99%	4.25%	3.61%	1.27%	0.19%	0.70%	2.21%	2.04%	1.20%	0.95%	0.83%

Frequently Asked Questions

Can I hold both SPTS and EVLN in my portfolio?

SPTS and EVLN have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPTS or EVLN?

EVLN has higher volatility (0.46%) compared to SPTS (0.34%). In terms of maximum drawdown, SPTS dropped -5.83% vs EVLN's -2.78%.

Which ETF is better, SPTS or EVLN?

On 1-year performance, EVLN leads with 4.86% vs 3.45% for SPTS. On fees, SPTS is cheaper at 0.03% per year. On volatility, SPTS has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTS or EVLN?

Over the 1-year period, EVLN has performed better with a 4.86% return vs 3.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTS or EVLN?

SPTS is cheaper with a 0.03% expense ratio, compared with 0.60% for EVLN.

Which ETF pays a higher dividend yield, SPTS or EVLN?

EVLN has the higher dividend yield at 6.92%, compared with 3.91% for SPTS.

What is the main difference between SPTS and EVLN?

SPTS is categorized as Government Bonds, while EVLN is Bank Loan. They also come from different issuers: State Street and Eaton Vance. Their fees differ too: 0.03% for SPTS and 0.60% for EVLN.

Which has better risk-adjusted returns?

SPTS currently has the higher Sharpe Ratio (2.63 vs 2.61), 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.