CVSB vs. SLJY

Last updated Jun 4, 2026

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. At a correlation of -0.05, they often move in opposite directions. CVSB charges 0.24%/yr vs 0.75%/yr for SLJY.

Performance

CVSB vs. SLJY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Ultra-Short Investment Grade ETF (CVSB) and Amplify SILJ Covered Call ETF (SLJY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVSB achieves a 1.48% return, which is significantly lower than SLJY's 7.71% return.

CVSB

• 1D: -0.01%
• 1M: 0.28%
• YTD: 1.48%
• 6M: 2.03%
• 1Y: 4.48%
• 3Y*: 5.54%
• 5Y*: —
• 10Y*: —

SLJY

• 1D: -4.01%
• 1M: 3.34%
• YTD: 7.71%
• 6M: 15.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVSB vs. SLJY - Yearly Performance Comparison

	2026 (YTD)	2025
CVSB Calvert Ultra-Short Investment Grade ETF	1.48%	1.85%
SLJY Amplify SILJ Covered Call ETF	7.71%	43.38%

Correlation

The correlation between CVSB and SLJY is -0.05, 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 Aug 20, 2025	-0.05

Return for Risk

CVSB vs. SLJY — 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: 98

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. 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.

	CVSB	SLJY	Difference
Sharpe ratio: Return per unit of total volatility	5.12	—	—
Sortino ratio: Return per unit of downside risk	8.83	—	—
Omega ratio: Gain probability vs. loss probability	2.38	—	—
Calmar ratio: Return relative to maximum drawdown	19.85	—	—
Martin ratio: Return relative to average drawdown	80.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CVSB	SLJY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.13	1.49	+2.64

Drawdowns

CVSB vs. SLJY - Drawdown Comparison

The maximum CVSB drawdown since its inception was -0.63%, smaller than the maximum SLJY drawdown of -30.60%. Use the drawdown chart below to compare losses from any high point for CVSB and SLJY.

Drawdown Indicators

	CVSB	SLJY	Difference
Max Drawdown Largest peak-to-trough decline	-0.63%	-30.60%	+29.97%
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	-0.03%	-21.65%	+21.62%
Average Drawdown Average peak-to-trough decline	-0.05%	-9.60%	+9.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	—	—

Volatility

Volatility by Period

	CVSB	SLJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.88%	49.59%	-48.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.32%	49.59%	-48.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.32%	49.59%	-48.27%

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 4.37%, less than SLJY's 16.71% yield.

Position	TTM	2025	2024	2023
CVSB Calvert Ultra-Short Investment Grade ETF	4.37%	4.72%	5.13%	4.95%
SLJY Amplify SILJ Covered Call ETF	16.71%	6.26%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CVSB and SLJY in my portfolio?

CVSB and SLJY have a correlation of -0.05, 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 SLJY?

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 SLJY?

CVSB is cheaper with a 0.24% expense ratio, compared with 0.75% for SLJY.

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

SLJY has the higher dividend yield at 16.71%, compared with 4.37% for CVSB.

What is the main difference between CVSB and SLJY?

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.