- ISIN
- US61774R6018
- Issuer
- Calvert
- Inception Date
- Jan 30, 2023
- Region
- Global (Broad)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $205M
Share Price Chart
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Performance
CVSB Performance Chart
Calvert Ultra-Short Investment Grade ETF (CVSB) is up 1.6% since the beginning of the year. CVSB is currently trading at $51 per share.
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Returns By Period
Calvert Ultra-Short Investment Grade ETF (CVSB) has returned 1.62% so far this year and 4.30% over the past 12 months.
Calvert Ultra-Short Investment Grade ETF
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.62%
- 6M
- 1.91%
- 1Y
- 4.30%
- 3Y*
- 5.48%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CVSB Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2023, CVSB's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 100% of months were positive and 0% were negative. The best month was Dec 2023 with a return of +0.8%, while the worst month was Mar 2026 at 0.0%. The longest winning streak lasted 41 consecutive months, and the longest losing streak was 0 months.
On a daily basis, CVSB closed higher 62% of trading days. The best single day was Nov 7, 2024 with a return of +0.7%, while the worst single day was Nov 8, 2024 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | 0.27% | 0.04% | 0.31% | 0.48% | 0.11% | 1.62% | ||||||
| 2025 | 0.29% | 0.49% | 0.27% | 0.35% | 0.43% | 0.53% | 0.29% | 0.53% | 0.41% | 0.39% | 0.31% | 0.53% | 4.92% |
| 2024 | 0.65% | 0.42% | 0.49% | 0.42% | 0.56% | 0.41% | 0.61% | 0.70% | 0.55% | 0.31% | 0.52% | 0.42% | 6.23% |
| 2023 | 0.25% | 0.20% | 0.61% | 0.40% | 0.44% | 0.57% | 0.53% | 0.32% | 0.37% | 0.81% | 0.83% | 5.45% |
Benchmark Metrics
Calvert Ultra-Short Investment Grade ETF has an annualized alpha of 5.40%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 01, 2023.
- This ETF captured 11.29% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.73%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.40%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 11.29%
- Downside Capture
- -15.73%
Expense Ratio
CVSB has an expense ratio of 0.24%, which is considered low.
Return for Risk
Risk / Return Rank
CVSB ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calvert Ultra-Short Investment Grade ETF (CVSB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVSB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +6.16 | ||
| Omega ratioGain probability vs. loss probability | 2.40 | 1.37 | +1.03 |
| Calmar ratioReturn relative to maximum drawdown | 19.05 | 2.78 | +16.26 |
| Martin ratioReturn relative to average drawdown | 79.09 | 12.44 | +66.65 |
Dividends
Dividend History
Calvert Ultra-Short Investment Grade ETF provided a 4.37% dividend yield over the last twelve months, with an annual payout of $2.21 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.21 | $2.39 | $2.60 | $2.49 |
Dividend yield | 4.37% | 4.72% | 5.13% | 4.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Calvert Ultra-Short Investment Grade ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.18 | $0.16 | $0.17 | $0.18 | $0.18 | $0.00 | $0.86 | ||||||
| 2025 | $0.21 | $0.20 | $0.21 | $0.21 | $0.20 | $0.20 | $0.19 | $0.19 | $0.18 | $0.19 | $0.18 | $0.22 | $2.39 |
| 2024 | $0.23 | $0.23 | $0.23 | $0.22 | $0.23 | $0.22 | $0.20 | $0.23 | $0.19 | $0.22 | $0.20 | $0.21 | $2.60 |
| 2023 | $0.20 | $0.21 | $0.21 | $0.21 | $0.22 | $0.22 | $0.23 | $0.23 | $0.24 | $0.23 | $0.29 | $2.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Calvert Ultra-Short Investment Grade ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Calvert Ultra-Short Investment Grade ETF was 0.63%, occurring on Nov 11, 2024. Recovery took 29 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 pullback2024 | -0.63%Nov 2024 | 3d | 1mo 12d | 1mo 15dNov 2024 - Dec 2024 |
2025 selloff2025 | -0.47%Apr 2025 | 3d | 9d | 12dApr 2025 - Apr 2025 |
2024 pullback2024 | -0.45%Aug 2024 | 1d | 12d | 13dAug 2024 - Aug 2024 |
2024 pullback2024 | -0.43%Aug 2024 | 1d | 19d | 20dAug 2024 - Sep 2024 |
2023 pullback2023 | -0.27%Oct 2023 | 0s | 13d | 13dOct 2023 - Nov 2023 |
Drawdown Indicators
| CVSB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.63% | -56.78% | +56.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -9.10% | +8.87% |
Max Drawdown (3Y)Largest decline over 3 years | -0.63% | -18.90% | +18.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -10.71% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.03% | -1.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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