AIOO vs. EVSB

Last updated Jun 4, 2026

AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) and EVSB (Eaton Vance Ultra-Short Income ETF) are both exchange-traded funds - AIOO is a Defined Outcome fund actively managed by Allianz, while EVSB is a Ultrashort Bond fund actively managed by Eaton Vance. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. AIOO charges 0.64%/yr vs 0.17%/yr for EVSB.

Performance

AIOO vs. EVSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and Eaton Vance Ultra-Short Income ETF (EVSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIOO achieves a 2.34% return, which is significantly higher than EVSB's 1.66% return.

AIOO

• 1D: -0.13%
• 1M: 1.13%
• YTD: 2.34%
• 6M: 2.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVSB

• 1D: -0.01%
• 1M: 0.40%
• YTD: 1.66%
• 6M: 2.00%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIOO vs. EVSB - Yearly Performance Comparison

	2026 (YTD)	2025
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.34%	2.67%
EVSB Eaton Vance Ultra-Short Income ETF	1.66%	2.52%

Correlation

The correlation between AIOO and EVSB is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 2, 2025	-0.03

Return for Risk

AIOO vs. EVSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVSB

EVSB Risk / Return Rank: 99
EVSB Sharpe Ratio Rank: 98
EVSB Sortino Ratio Rank: 99
EVSB Omega Ratio Rank: 99
EVSB Calmar Ratio Rank: 98
EVSB Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIOO vs. EVSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and Eaton Vance Ultra-Short Income ETF (EVSB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AIOO	EVSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.79	6.94	-4.15

Drawdowns

AIOO vs. EVSB - Drawdown Comparison

The maximum AIOO drawdown since its inception was -0.74%, which is greater than EVSB's maximum drawdown of -0.31%. Use the drawdown chart below to compare losses from any high point for AIOO and EVSB.

Drawdown Indicators

	AIOO	EVSB	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-0.31%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.25%	—
Current Drawdown Current decline from peak	-0.13%	-0.05%	-0.08%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.02%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	AIOO	EVSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.99%	0.77%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.99%	0.82%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.99%	0.82%	+1.17%

AIOO vs. EVSB - Expense Ratio Comparison

AIOO has a 0.64% expense ratio, which is higher than EVSB's 0.17% expense ratio.

Dividends

AIOO vs. EVSB - Dividend Comparison

AIOO has not paid dividends to shareholders, while EVSB's dividend yield for the trailing twelve months is around 4.63%.

Position	TTM	2025	2024	2023
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.00%	0.00%	0.00%	0.00%
EVSB Eaton Vance Ultra-Short Income ETF	4.63%	4.63%	5.18%	1.21%

Frequently Asked Questions

Can I hold both AIOO and EVSB in my portfolio?

AIOO and EVSB have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIOO or EVSB?

On fees, EVSB is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIOO or EVSB?

EVSB is cheaper with a 0.17% expense ratio, compared with 0.64% for AIOO.

Which ETF pays a higher dividend yield, AIOO or EVSB?

EVSB has the higher dividend yield at 4.63%, compared with 0.00% for AIOO.

What is the main difference between AIOO and EVSB?

AIOO is categorized as Defined Outcome, while EVSB is Ultrashort Bond. They also come from different issuers: Allianz and Eaton Vance. Their fees differ too: 0.64% for AIOO and 0.17% for EVSB.