CVSB vs. EMNT
Compare and contrast key facts about Calvert Ultra-Short Investment Grade ETF (CVSB) and PIMCO Enhanced Short Maturity Active ESG ETF (EMNT).
CVSB and EMNT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVSB is an actively managed fund by Calvert. It was launched on Jan 30, 2023. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019.
Performance
CVSB vs. EMNT - Performance Comparison
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CVSB vs. EMNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVSB Calvert Ultra-Short Investment Grade ETF | 0.72% | 4.92% | 6.23% | 5.40% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 0.97% | 4.74% | 5.79% | 4.95% |
Returns By Period
In the year-to-date period, CVSB achieves a 0.72% return, which is significantly lower than EMNT's 0.97% return.
CVSB
- 1D
- 0.04%
- 1M
- 0.04%
- YTD
- 0.72%
- 6M
- 1.97%
- 1Y
- 4.58%
- 3Y*
- 5.63%
- 5Y*
- —
- 10Y*
- —
EMNT
- 1D
- 0.05%
- 1M
- 0.24%
- YTD
- 0.97%
- 6M
- 2.04%
- 1Y
- 4.51%
- 3Y*
- 5.31%
- 5Y*
- 3.34%
- 10Y*
- —
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CVSB vs. EMNT - Expense Ratio Comparison
Both CVSB and EMNT have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
CVSB vs. EMNT — Risk / Return Rank
CVSB
EMNT
CVSB vs. EMNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Ultra-Short Investment Grade ETF (CVSB) and PIMCO Enhanced Short Maturity Active ESG ETF (EMNT). 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.
| CVSB | EMNT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.09 | 11.02 | -6.93 |
Sortino ratioReturn per unit of downside risk | 6.21 | 23.01 | -16.79 |
Omega ratioGain probability vs. loss probability | 2.09 | 5.88 | -3.79 |
Calmar ratioReturn relative to maximum drawdown | 9.64 | 34.06 | -24.42 |
Martin ratioReturn relative to average drawdown | 61.29 | 226.92 | -165.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVSB | EMNT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.09 | 11.02 | -6.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 4.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.09 | 3.45 | +0.64 |
Correlation
The correlation between CVSB and EMNT is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CVSB vs. EMNT - Dividend Comparison
CVSB's dividend yield for the trailing twelve months is around 4.49%, more than EMNT's 4.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CVSB Calvert Ultra-Short Investment Grade ETF | 4.49% | 4.72% | 5.13% | 4.95% | 0.00% | 0.00% | 0.00% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.23% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% |
Drawdowns
CVSB vs. EMNT - Drawdown Comparison
The maximum CVSB drawdown since its inception was -0.63%, smaller than the maximum EMNT drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for CVSB and EMNT.
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Drawdown Indicators
| CVSB | EMNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.63% | -2.28% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -0.13% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.70% | — |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.24% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.02% | +0.05% |
Volatility
CVSB vs. EMNT - Volatility Comparison
Calvert Ultra-Short Investment Grade ETF (CVSB) and PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) have volatilities of 0.25% and 0.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVSB | EMNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 0.24% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 0.29% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 0.41% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.35% | 0.82% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.35% | 0.87% | +0.48% |