A system and method for operating a drive system coupleable to one or more DC and AC electrical ports is disclosed. The drive system includes a DC link, at least one DC-DC converter, at least one DC-AC converter, a DC link capacitor, and a control system configured to control operation of one or more of the at least one DC-DC converter and the at least one DC-AC converter relative to one another based on operational parameters thereof. In controlling operation of one or more of the at least one DC-DC converter and the at least one DC-AC converter, the control system controls at least one of a switching frequency of the at least one DC-DC converter, a switching frequency of the at least one DC-AC converter, a DC-DC converter carrier signal phase, a DC-AC converter carrier signal phase, and a duty cycle of the at least one DC-DC converter.