EMTL vs. EVSD

Last updated Jun 23, 2026

EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - EMTL is a Emerging Markets Bonds fund actively managed by State Street, while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, EMTL returned 4.64% vs 4.46% for EVSD. A 0.51 correlation means they provide meaningful diversification when combined. EMTL charges 0.65%/yr vs 0.24%/yr for EVSD.

Performance

EMTL vs. EVSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and Eaton Vance Short Duration Income ETF (EVSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMTL achieves a 0.72% return, which is significantly lower than EVSD's 0.80% return.

EMTL

• 1D: -0.04%
• 1M: 0.64%
• YTD: 0.72%
• 6M: 0.90%
• 1Y: 4.64%
• 3Y*: 6.77%
• 5Y*: 1.63%
• 10Y*: 3.30%

EVSD

• 1D: -0.05%
• 1M: 0.27%
• YTD: 0.80%
• 6M: 0.98%
• 1Y: 4.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMTL vs. EVSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF	0.72%	8.27%	2.95%
EVSD Eaton Vance Short Duration Income ETF	0.80%	6.80%	3.86%

Correlation

The correlation between EMTL and EVSD is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024	0.51

The correlation between EMTL and EVSD has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.

Return for Risk

EMTL vs. EVSD — Risk / Return Rank

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

EMTL

EMTL Risk / Return Rank: 61
EMTL Sharpe Ratio Rank: 65
EMTL Sortino Ratio Rank: 70
EMTL Omega Ratio Rank: 72
EMTL Calmar Ratio Rank: 48
EMTL Martin Ratio Rank: 50

EVSD

EVSD Risk / Return Rank: 85
EVSD Sharpe Ratio Rank: 89
EVSD Sortino Ratio Rank: 94
EVSD Omega Ratio Rank: 92
EVSD Calmar Ratio Rank: 72
EVSD Martin Ratio Rank: 79

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.

EMTL vs. EVSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and Eaton Vance Short Duration Income ETF (EVSD). 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.

	EMTL	EVSD	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.87	-0.79
Sortino ratio: Return per unit of downside risk	3.05	4.49	-1.44
Omega ratio: Gain probability vs. loss probability	1.41	1.60	-0.19
Calmar ratio: Return relative to maximum drawdown	2.33	3.55	-1.22
Martin ratio: Return relative to average drawdown	8.26	14.80	-6.54

EMTL vs. EVSD - Sharpe Ratio Comparison

The current EMTL Sharpe Ratio is 2.07, which is comparable to the EVSD Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of EMTL and EVSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMTL vs. EVSD - Drawdown Comparison

The maximum EMTL drawdown since its inception was -22.91%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for EMTL and EVSD.

Drawdown Indicators

	EMTL	EVSD	Difference
Max Drawdown Largest peak-to-trough decline	-22.91%	-1.26%	-21.65%
Max Drawdown (1Y) Largest decline over 1 year	-2.00%	-1.26%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-3.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.91%	—	—
Current Drawdown Current decline from peak	-0.11%	-0.23%	+0.12%
Average Drawdown Average peak-to-trough decline	-3.81%	-0.19%	-3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	0.30%	+0.26%

Volatility

EMTL vs. EVSD - Volatility Comparison

SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) has a higher volatility of 0.66% compared to Eaton Vance Short Duration Income ETF (EVSD) at 0.54%. This indicates that EMTL's price experiences larger fluctuations and is considered to be riskier than EVSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMTL	EVSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	0.54%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	1.22%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	2.25%	1.57%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.87%	1.95%	+2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.67%	1.95%	+2.72%

EMTL vs. EVSD - Expense Ratio Comparison

EMTL has a 0.65% expense ratio, which is higher than EVSD's 0.24% expense ratio.

Dividends

EMTL vs. EVSD - Dividend Comparison

EMTL's dividend yield for the trailing twelve months is around 4.95%, more than EVSD's 4.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF	4.95%	5.09%	5.34%	4.78%	4.19%	5.43%	3.28%	3.96%	3.35%	4.16%	8.87%
EVSD Eaton Vance Short Duration Income ETF	4.62%	4.64%	2.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMTL and EVSD in my portfolio?

EMTL and EVSD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMTL or EVSD?

EMTL has higher volatility (0.66%) compared to EVSD (0.54%). In terms of maximum drawdown, EMTL dropped -22.91% vs EVSD's -1.26%.

Which ETF is better, EMTL or EVSD?

On 1-year performance, EMTL leads with 4.64% vs 4.46% for EVSD. On fees, EVSD is cheaper at 0.24% per year. On volatility, EVSD has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMTL or EVSD?

Over the 1-year period, EMTL has performed better with a 4.64% return vs 4.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMTL or EVSD?

EVSD is cheaper with a 0.24% expense ratio, compared with 0.65% for EMTL.

Which ETF pays a higher dividend yield, EMTL or EVSD?

EMTL has the higher dividend yield at 4.95%, compared with 4.62% for EVSD.

What is the main difference between EMTL and EVSD?

EMTL is categorized as Emerging Markets Bonds, while EVSD is Short-Term Bond. They also come from different issuers: State Street and Eaton Vance. Their fees differ too: 0.65% for EMTL and 0.24% for EVSD.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (2.87 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.