- Issuer
- Eaton Vance
- Inception Date
- Oct 16, 2023
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $245M
Highlights
- Avg. Volume (1M)
- 28K
- Avg. Volume Value (1M)
- $1.41M
Share Price Chart
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Performance
EVSB Performance Chart
Eaton Vance Ultra-Short Income ETF (EVSB) is up 2.3% since the beginning of the year. EVSB is currently trading at $51 per share.
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Returns By Period
Eaton Vance Ultra-Short Income ETF (EVSB) has returned 2.27% so far this year and 4.44% over the past 12 months.
Eaton Vance Ultra-Short Income ETF
- 1D
- 0.01%
- 1M
- 0.23%
- 6M
- 1.68%
- YTD
- 2.27%
- 1Y
- 4.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.51%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EVSB Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2023, EVSB's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 100% of months were positive and 0% were negative. The best month was Nov 2023 with a return of +0.8%, while the worst month was Mar 2026 at 0.2%. The longest winning streak lasted 34 consecutive months, and the longest losing streak was 0 months.
On a daily basis, EVSB closed higher 66% of trading days. The best single day was Aug 19, 2025 with a return of +0.2%, while the worst single day was Aug 20, 2025 at -0.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.58% | 0.17% | 0.16% | 0.29% | 0.48% | 0.34% | 0.24% | 2.27% | |||||
| 2025 | 0.56% | 0.44% | 0.32% | 0.36% | 0.39% | 0.39% | 0.38% | 0.55% | 0.49% | 0.31% | 0.44% | 0.38% | 5.12% |
| 2024 | 0.59% | 0.37% | 0.39% | 0.44% | 0.63% | 0.38% | 0.72% | 0.63% | 0.66% | 0.27% | 0.49% | 0.32% | 6.04% |
| 2023 | 0.20% | 0.82% | 0.81% | 1.84% |
Benchmark Metrics
Eaton Vance Ultra-Short Income ETF has an annualized alpha of 5.49%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 19, 2023.
- This ETF captured 11.41% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -16.07%) - 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
- 5.49%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 11.41%
- Downside Capture
- -16.07%
Expense Ratio
EVSB has an expense ratio of 0.17%, which is considered low.
Return for Risk
Risk / Return Rank
EVSB ranks 99 for risk / return — above 99% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Eaton Vance Ultra-Short Income ETF (EVSB) 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.
| EVSB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.40 | ||
| Sortino ratioReturn per unit of downside risk | +8.15 | ||
| Omega ratioGain probability vs. loss probability | 2.62 | 1.25 | +1.37 |
| Calmar ratioReturn relative to maximum drawdown | 17.79 | 2.00 | +15.79 |
| Martin ratioReturn relative to average drawdown | 101.10 | 8.49 | +92.61 |
Dividends
Dividend History
Eaton Vance Ultra-Short Income ETF provided a 4.55% dividend yield over the last twelve months, with an annual payout of $2.31 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.31 | $2.35 | $2.63 | $0.61 |
Dividend yield | 4.55% | 4.63% | 5.18% | 1.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Ultra-Short Income 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 | $0.21 | $0.19 | $0.17 | $0.18 | $0.17 | $0.18 | $1.28 | |||||
| 2025 | $0.20 | $0.18 | $0.19 | $0.21 | $0.17 | $0.19 | $0.20 | $0.19 | $0.19 | $0.19 | $0.18 | $0.28 | $2.35 |
| 2024 | $0.22 | $0.21 | $0.24 | $0.22 | $0.24 | $0.22 | $0.24 | $0.24 | $0.22 | $0.21 | $0.21 | $0.15 | $2.63 |
| 2023 | $0.35 | $0.26 | $0.61 |
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 Eaton Vance Ultra-Short Income 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 Eaton Vance Ultra-Short Income ETF was 0.31%, occurring on Apr 10, 2025. Recovery took 5 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-0.31%Apr 2025 | 3d | 7d | 10dApr 2025 - Apr 2025 | 2025 selloff2025 |
-0.25%Aug 2025 | 1d | 16d | 16dAug 2025 - Sep 2025 | — |
-0.21%Feb 2024 | 1d | 12d | 12dFeb 2024 - Feb 2024 | — |
-0.18%May 2025 | 3d | 8d | 11dMay 2025 - May 2025 | 2025 selloff2025 |
-0.15%Aug 2024 | 1d | 6d | 7dAug 2024 - Aug 2024 | — |
Drawdown Indicators
| EVSB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -56.78% | +56.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -9.10% | +8.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -10.70% | +10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 2.14% | -2.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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