EVLN vs QQQ
Eaton Vance Floating-Rate ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EVLN offers more diversification with 196 holdings.
Side-by-Side Comparison
| Metric | EVLN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $1.4B | $455.8B | |
| Dividend Yield | 6.85% | 0.41% | |
| Holdings | 419 | 108 | |
| YTD Return | +2.49% | +18.31% | |
| 1Y Return | +4.39% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 1.9% | 30.6% | |
| Max Drawdown | -2.8% | -83.0% | |
| Fund Family | Morgan Stanley Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 6, 2024 | Mar 10, 1999 |
EVLN vs QQQ Performance
Eaton Vance Floating-Rate ETF (EVLN) is a ETF from Morgan Stanley Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVLN returned +4.39% while QQQ returned +25.37%. Year to date, EVLN is up 2.49% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVLN charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, EVLN currently yields 6.85% against 0.41% for QQQ.
Holdings Overlap
EVLN and QQQ share 0 holdings out of 299 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 QQQ?
EVLN has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, EVLN or QQQ?
Over the past year EVLN returned +4.39% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), EVLN annualized +6.11% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVLN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.9% for EVLN. Worst drawdown: EVLN -2.8% vs QQQ -83.0%.
Should I hold both EVLN and QQQ?
EVLN and QQQ have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVLN and QQQ?
EVLN and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 299 unique securities.
Which pays a higher dividend, EVLN or QQQ?
EVLN yields 6.85% while QQQ yields 0.41%, so EVLN currently pays the higher dividend yield.
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