EVLN vs IVV
EVLN vs IVV
Eaton Vance Floating-Rate ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EVLN | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $1.4B | $865.2B | |
| Dividend Yield | 6.85% | 1.09% | |
| Holdings | 419 | 508 | |
| YTD Return | +2.45% | +13.80% | |
| 1Y Return | +4.43% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 1.9% | 15.1% | |
| Max Drawdown | -2.8% | -56.5% | |
| Fund Family | Morgan Stanley Investment Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 6, 2024 | May 15, 2000 |
EVLN vs IVV Performance
Eaton Vance Floating-Rate ETF (EVLN) is a ETF from Morgan Stanley Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EVLN returned +4.43% while IVV returned +23.70%. Year to date, EVLN is up 2.45% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.9% for EVLN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.8% for EVLN and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVLN charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, EVLN currently yields 6.85% against 1.09% for IVV.
Holdings Overlap
EVLN and IVV share 0 holdings out of 701 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVLN or IVV?
EVLN has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, EVLN or IVV?
Over the past year EVLN returned +4.43% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), EVLN annualized +6.13% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, EVLN or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 1.9% for EVLN. Worst drawdown: EVLN -2.8% vs IVV -56.5%.
Should I hold both EVLN and IVV?
EVLN and IVV have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVLN and IVV?
EVLN and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 701 unique securities.
Which pays a higher dividend, EVLN or IVV?
EVLN yields 6.85% while IVV yields 1.09%, so EVLN currently pays the higher dividend yield.
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