TFLR vs. EVLN

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Floating Rate ETF (TFLR) and Eaton Vance Floating-Rate ETF (EVLN).

TFLR and EVLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022. EVLN is an actively managed fund by Eaton Vance. It was launched on Feb 6, 2024.

Performance

TFLR vs. EVLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Floating Rate ETF (TFLR) and Eaton Vance Floating-Rate ETF (EVLN). The values are adjusted to include any dividend payments, if applicable.

TFLR vs. EVLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TFLR T. Rowe Price Floating Rate ETF	-0.33%	6.57%	7.81%
EVLN Eaton Vance Floating-Rate ETF	-0.45%	5.59%	7.29%

Returns By Period

In the year-to-date period, TFLR achieves a -0.33% return, which is significantly higher than EVLN's -0.45% return.

TFLR

• 1D: 0.12%
• 1M: 0.99%
• YTD: -0.33%
• 6M: 1.26%
• 1Y: 5.91%
• 3Y*: 7.90%
• 5Y*: —
• 10Y*: —

EVLN

• 1D: 0.54%
• 1M: 1.00%
• YTD: -0.45%
• 6M: 0.99%
• 1Y: 5.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TFLR vs. EVLN - Expense Ratio Comparison

Both TFLR and EVLN have an expense ratio of 0.60%.

TFLR

T. Rowe Price Floating Rate ETF

EVLN

Eaton Vance Floating-Rate ETF

Return for Risk

TFLR vs. EVLN — Risk / Return Rank

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

TFLR

TFLR Risk / Return Rank: 69
TFLR Sharpe Ratio Rank: 60
TFLR Sortino Ratio Rank: 54
TFLR Omega Ratio Rank: 92
TFLR Calmar Ratio Rank: 62
TFLR Martin Ratio Rank: 79

EVLN

EVLN Risk / Return Rank: 84
EVLN Sharpe Ratio Rank: 83
EVLN Sortino Ratio Rank: 87
EVLN Omega Ratio Rank: 93
EVLN Calmar Ratio Rank: 82
EVLN Martin Ratio Rank: 76

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.

TFLR vs. EVLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) 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.

	TFLR	EVLN	Difference
Sharpe ratio Return per unit of total volatility	1.09	1.68	-0.60
Sortino ratio Return per unit of downside risk	1.47	2.43	-0.96
Omega ratio Gain probability vs. loss probability	1.41	1.44	-0.02
Calmar ratio Return relative to maximum drawdown	1.65	2.47	-0.83
Martin ratio Return relative to average drawdown	8.96	8.59	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFLR vs. EVLN - Sharpe Ratio Comparison

The current TFLR Sharpe Ratio is 1.09, which is lower than the EVLN Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of TFLR and EVLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TFLR	EVLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.68	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	2.37	-0.26

Correlation

The correlation between TFLR and EVLN is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TFLR vs. EVLN - Dividend Comparison

TFLR's dividend yield for the trailing twelve months is around 6.94%, less than EVLN's 7.15% yield.

	TTM	2025	2024	2023	2022
TFLR T. Rowe Price Floating Rate ETF	6.94%	6.93%	8.18%	7.76%	0.58%
EVLN Eaton Vance Floating-Rate ETF	7.15%	7.28%	6.41%	0.00%	0.00%

Drawdowns

TFLR vs. EVLN - Drawdown Comparison

The maximum TFLR drawdown since its inception was -4.01%, which is greater than EVLN's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for TFLR and EVLN.

Drawdown Indicators

	TFLR	EVLN	Difference
Max Drawdown Largest peak-to-trough decline	-4.01%	-2.78%	-1.23%
Max Drawdown (1Y) Largest decline over 1 year	-3.50%	-2.01%	-1.49%
Current Drawdown Current decline from peak	-0.83%	-0.78%	-0.05%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.21%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	0.59%	+0.05%

Volatility

TFLR vs. EVLN - Volatility Comparison

The current volatility for T. Rowe Price Floating Rate ETF (TFLR) is 0.89%, while Eaton Vance Floating-Rate ETF (EVLN) has a volatility of 0.98%. This indicates that TFLR 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

	TFLR	EVLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	0.98%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	1.46%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	5.47%	3.12%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.74%	2.46%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	2.46%	+1.28%