Eaton Vance High Yield ETF
$51.33−0.31 (−0.59%)
- Expense ratio
- 0.48%
- Fund size
- $72M
- 1Y return
- +3.3%
- Yield · Last 12 months
- 7.17%
- Holdings
- 283
- Volume · 30D
- 0M sh
- NAV per share
- $51.61
- 52W range
The ETF.net EVHY Grade
Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 41Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 99Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 65Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 57Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 62Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
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
- 283
- 12%
- 1011778 BC ULC / 4% 10/30
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.
Returns run to the Sep 22, 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 | +1.5% |
| 1 month | −0.6% |
| 3 months | +0.0% |
| 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 | +1.5% | |
| 2025 | +9.1% | |
| 2024 | +6.4% | |
| 2023 | +8.9% |
EVHY in the news
ETF.net Research hasn’t filed on EVHY yet — coverage lands here as it’s written.
EVHY Dividends
- 7.17%
- $3.70
- $0.26 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.26 |
| Jul 31, 2026 | Aug 6, 2026 | $0.31 |
| Jun 30, 2026 | Jul 7, 2026 | $0.26 |
| May 29, 2026 | Jun 4, 2026 | $0.28 |
| Apr 30, 2026 | May 6, 2026 | $0.26 |
| Mar 31, 2026 | Apr 7, 2026 | $0.27 |
| Feb 27, 2026 | Mar 5, 2026 | $0.25 |
| Jan 30, 2026 | Feb 5, 2026 | $0.30 |
| Dec 23, 2025 | Dec 30, 2025 | $0.63 |
| Nov 28, 2025 | Dec 4, 2025 | $0.29 |
| Oct 31, 2025 | Nov 6, 2025 | $0.30 |
| Sep 30, 2025 | Oct 6, 2025 | $0.29 |
EVHY Risk
- 3.9%
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.
- 1.12
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.
- 0.23
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
- The middle half of US High Yield funds
- Median 0.43%
48 of the 84 US High Yield funds charge less.