Again, no. Both are condensed versions of regular dairy milk. But, Sweetened Condensed Milk is a sweetened version where about 60% of the water has been evaporated out before sugar is added. It is thick, sticky, rich and sweet. It has a caramely color. It can also just be called Condensed Milk. It's commonly used in desserts and baked goods, and in some cultures it's commonly used to sweeten coffee. Evaporated Milk is heated to evaporate the water, too. And like condensed milk, about 60% of the water is removed. However, no sugar is added. So, the result is a dense, super creamy, ultra-pasteurized milk. It's thicker than regular milk you would drink, but much thinner than condensed milk. It adds creaminess to recipes without adding sweetness.