Eaton Vance High Yield ETF
$50.73−0.11 (−0.22%)
- 0.48%
- $81M
- +3.3%
- 7.22%
- 0M sh
- $50.77
- low $48.57high $53.63
The ETF.net EVHY Grade
B
Score 63 out of 100
- 33 of 85
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C41 out of 100Rank 50 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 18 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 8 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 27 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B61 out of 100Rank 40 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C46 out of 100Rank 57 of 85
Our read on EVHY
BA credit picker's junk bond fund. Eaton Vance's leveraged-credit desk builds the portfolio by hand, the prospectus caps the deepest-distress tier at 10% of net assets, and income goes out monthly. Trading since 2023.
The fund seeks a high level of current income and also pursues growth of income and capital.
Why people hold it
- Active, but with guardrails written into the prospectus: at least 80% of net assets in high yield, and no more than 10% in bonds rated below B3/B-.eatonvance.com
- Up to 15% of net assets can sit in investment-grade bonds, giving the managers a quality lever most index trackers in this cohort do not have.eatonvance.com
- Pays monthly, and the portfolio has hewed closely to its stated high-yield income mandate rather than drifting.
Worth knowing
- At 0.48% a year it costs more than the high yield median, and far more than index rivals like SCYB (0.03%), SPHY (0.05%) and USHY (0.08%). You are paying for the stock-picking.
- Small asset base and light trading volume, so bid-ask spreads can run wider than the giant index funds in this category.
- Below-investment-grade bonds carry real default and liquidity risk, and this fund only launched in 2023, so its record is short.
EVHY Holdings
- Other
- 287
- 12%
- Msilf Government
Geography
- United States100.00%
EVHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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EVHY$10,329
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EVHY |
|---|---|
| Year to date | +0.5% |
| 1 month | −1.0% |
| 3 months | −1.2% |
| 1 year | +3.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EVHY |
|---|---|---|
| 2026 YTD | +0.5% | |
| 2025 | +9.1% | |
| 2024 | +6.4% | |
| 2023 | +8.9% |
EVHY in the news
EVHY Dividends
- 7.22%
- $3.67
- $0.26 per share
- Monthly
Distribution history
EVHY Risk
- 4.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −3.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EVHY Cost
0.48%
EVHY0.48%
- The middle half of US High Yield funds
- Median 0.43%
49 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- BAHYBAmerican Century Select High Yield ETFExpense ratio 0.45%1 year return +2.8%
- BCGHYCapital Group High Yield Bond ETFExpense ratio 0.39%1 year return +2.4%
- BZTOPF/m High Yield 100 ETFExpense ratio 0.39%1 year return +2.7%
- BHYFIAlliance Bernstein - AB High Yield ETFExpense ratio 0.40%1 year return +3.0%
- BHYSPIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundExpense ratio 0.56%1 year return +3.1%