CVSB vs. ORBX

Last updated Jun 24, 2026

CVSB (Calvert Ultra-Short Investment Grade ETF) and ORBX (Global X Space Tech ETF) are both exchange-traded funds - CVSB is a Ultrashort Bond fund actively managed by Calvert, while ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index. CVSB is actively managed, while ORBX is passively managed. At a 0.14 correlation, their price movements are largely independent. CVSB charges 0.24%/yr vs 0.50%/yr for ORBX.

Performance

CVSB vs. ORBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Ultra-Short Investment Grade ETF (CVSB) and Global X Space Tech ETF (ORBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVSB

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.62%
• 6M: 1.91%
• 1Y: 4.31%
• 3Y*: 5.48%
• 5Y*: —
• 10Y*: —

ORBX

• 1D: -2.53%
• 1M: -27.90%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVSB vs. ORBX - Yearly Performance Comparison

	2026 (YTD)
CVSB Calvert Ultra-Short Investment Grade ETF	0.74%
ORBX Global X Space Tech ETF	-2.51%

Correlation

The correlation between CVSB and ORBX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	0.14

Return for Risk

CVSB vs. ORBX — Risk / Return Rank

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

CVSB

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

ORBX

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

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.

CVSB vs. ORBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Ultra-Short Investment Grade ETF (CVSB) and Global X Space Tech ETF (ORBX). 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.

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	ORBX	Difference
Sharpe ratio: Return per unit of total volatility	5.20	—	—
Sortino ratio: Return per unit of downside risk	8.96	—	—
Omega ratio: Gain probability vs. loss probability	2.42	—	—
Calmar ratio: Return relative to maximum drawdown	19.12	—	—
Martin ratio: Return relative to average drawdown	79.40	—	—

Drawdowns

CVSB vs. ORBX - Drawdown Comparison

The maximum CVSB drawdown since its inception was -0.63%, smaller than the maximum ORBX drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for CVSB and ORBX.

Drawdown Indicators

	CVSB	ORBX	Difference
Max Drawdown Largest peak-to-trough decline	-0.63%	-35.85%	+35.22%
Max Drawdown (1Y) Largest decline over 1 year	-0.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.63%	—	—
Current Drawdown Current decline from peak	-0.00%	-35.85%	+35.85%
Average Drawdown Average peak-to-trough decline	-0.05%	-11.09%	+11.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	—	—

Volatility

Volatility by Period

	CVSB	ORBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.83%	81.94%	-81.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.31%	81.94%	-80.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.31%	81.94%	-80.63%

CVSB vs. ORBX - Expense Ratio Comparison

CVSB has a 0.24% expense ratio, which is lower than ORBX's 0.50% expense ratio.

Dividends

CVSB vs. ORBX - Dividend Comparison

CVSB's dividend yield for the trailing twelve months is around 4.37%, while ORBX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CVSB Calvert Ultra-Short Investment Grade ETF	4.37%	4.72%	5.13%	4.95%
ORBX Global X Space Tech ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CVSB and ORBX in my portfolio?

CVSB and ORBX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CVSB or ORBX?

On fees, CVSB is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CVSB or ORBX?

CVSB is cheaper with a 0.24% expense ratio, compared with 0.50% for ORBX.

Which ETF pays a higher dividend yield, CVSB or ORBX?

CVSB has the higher dividend yield at 4.37%, compared with 0.00% for ORBX.

What is the main difference between CVSB and ORBX?

CVSB is categorized as Ultrashort Bond, while ORBX is Aerospace & Defense. They also come from different issuers: Calvert and Global X. Their fees differ too: 0.24% for CVSB and 0.50% for ORBX.