CVSB vs. SLJY
CVSB (Calvert Ultra-Short Investment Grade ETF) and SLJY (Amplify SILJ Covered Call ETF) are both exchange-traded funds - CVSB is a Ultrashort Bond fund actively managed by Calvert, while SLJY is a Derivative Income fund actively managed by Amplify. Both are actively managed. Their 0.01 correlation means their historical movements had little consistent relationship. CVSB charges 0.24%/yr vs 0.75%/yr for SLJY.
Performance
CVSB vs. SLJY - Performance Comparison
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Returns By Period
In the year-to-date period, CVSB achieves a 2.14% return, which is significantly higher than SLJY's -8.74% return.
CVSB
- 1D
- 0.01%
- 1M
- 0.36%
- 6M
- 1.74%
- YTD
- 2.14%
- 1Y
- 4.25%
- 3Y*
- 5.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.37%
SLJY
- 1D
- -1.88%
- 1M
- -5.80%
- 6M
- -18.48%
- YTD
- -8.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $2.16M | $1.65M | |
| $625.04K | $616.66K | $1.25M |
CVSB vs. SLJY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CVSB Calvert Ultra-Short Investment Grade ETF | 2.14% | 2.02% |
SLJY Amplify SILJ Covered Call ETF | -8.74% | 42.11% |
Correlation
The correlation between CVSB and SLJY is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.01 |
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Return for Risk
CVSB vs. SLJY — Risk / Return Rank
CVSB
SLJY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CVSB vs. SLJY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Ultra-Short Investment Grade ETF (CVSB) and Amplify SILJ Covered Call ETF (SLJY). 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 | SLJY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 19.43 | — | — |
| Martin ratioReturn relative to average drawdown | 81.65 | — | — |
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Drawdowns
CVSB vs. SLJY - Drawdown Comparison
The maximum CVSB drawdown since its inception was -0.63%, smaller than the maximum SLJY drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for CVSB and SLJY.
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Drawdown Indicators
| CVSB | SLJY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.63% | -35.19% | +34.56% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.63% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -33.61% | +33.60% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -13.10% | +13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | — | — |
Volatility
CVSB vs. SLJY - Volatility Comparison
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Volatility by Period
| CVSB | SLJY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.83% | 49.08% | -48.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.30% | 49.08% | -47.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.30% | 49.08% | -47.78% |
CVSB vs. SLJY - Expense Ratio Comparison
CVSB has a 0.24% expense ratio, which is lower than SLJY's 0.75% expense ratio.
Dividends
CVSB vs. SLJY - Dividend Comparison
CVSB's dividend yield for the trailing twelve months is around 4.28%, less than SLJY's 24.90% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CVSB Calvert Ultra-Short Investment Grade ETF | 4.28% | 4.72% | 5.13% | 4.95% |
SLJY Amplify SILJ Covered Call ETF | 24.90% | 6.26% | 0.00% | 0.00% |
Frequently Asked Questions
CVSB and SLJY have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CVSB is cheaper with a 0.24% expense ratio, compared with 0.75% for SLJY.
SLJY has the higher dividend yield at 24.90%, compared with 4.28% for CVSB.
CVSB is categorized as Ultrashort Bond, while SLJY is Derivative Income. They also come from different issuers: Calvert and Amplify. Their fees differ too: 0.24% for CVSB and 0.75% for SLJY.
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