EVGOX vs. BSV
EVGOX (Eaton Vance Government Opportunities Fund) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both funds - EVGOX is a Government Bonds fund managed by Eaton Vance, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Over the past 10 years, EVGOX returned 1.53%/yr vs 1.91%/yr for BSV. A 0.59 correlation means they provide meaningful diversification when combined. EVGOX charges 1.05%/yr vs 0.03%/yr for BSV.
Performance
EVGOX vs. BSV - Performance Comparison
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Returns By Period
In the year-to-date period, EVGOX achieves a -0.37% return, which is significantly lower than BSV's 0.32% return. Over the past 10 years, EVGOX has underperformed BSV with an annualized return of 1.53%, while BSV has yielded a comparatively higher 1.91% annualized return.
EVGOX
- 1D
- -0.38%
- 1M
- 0.47%
- YTD
- -0.37%
- 6M
- 0.09%
- 1Y
- 4.39%
- 3Y*
- 4.53%
- 5Y*
- 1.23%
- 10Y*
- 1.53%
BSV
- 1D
- 0.10%
- 1M
- 0.21%
- YTD
- 0.32%
- 6M
- 0.51%
- 1Y
- 3.18%
- 3Y*
- 4.51%
- 5Y*
- 1.68%
- 10Y*
- 1.91%
EVGOX vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | -0.37% | 10.50% | 0.07% | 4.56% | -6.57% | -1.20% | 4.59% | 2.43% | 0.72% | 1.30% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.32% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Correlation
The correlation between EVGOX and BSV is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | 0.59 |
Over the past year, EVGOX and BSV have become more correlated (0.85) than their long-term average of 0.59, meaning their price movements have been converging.
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Return for Risk
EVGOX vs. BSV — Risk / Return Rank
EVGOX
BSV
EVGOX vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Government Opportunities Fund (EVGOX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| EVGOX | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.48 | -1.03 |
| Martin ratioReturn relative to average drawdown | 4.20 | 8.14 | -3.94 |
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Drawdowns
EVGOX vs. BSV - Drawdown Comparison
The maximum EVGOX drawdown since its inception was -23.97%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for EVGOX and BSV.
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Drawdown Indicators
| EVGOX | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.97% | -8.54% | -15.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -1.29% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -1.53% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -11.06% | -8.54% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | -8.54% | -2.90% |
Current DrawdownCurrent decline from peak | -2.31% | -0.60% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -0.97% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.39% | +0.75% |
Volatility
EVGOX vs. BSV - Volatility Comparison
Eaton Vance Government Opportunities Fund (EVGOX) has a higher volatility of 1.54% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.60%. This indicates that EVGOX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVGOX | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.60% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.60% | 1.33% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 1.82% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 2.73% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 2.38% | +1.68% |
EVGOX vs. BSV - Expense Ratio Comparison
EVGOX has a 1.05% expense ratio, which is higher than BSV's 0.03% expense ratio.
Dividends
EVGOX vs. BSV - Dividend Comparison
EVGOX's dividend yield for the trailing twelve months is around 5.52%, more than BSV's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.99% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
EVGOX Eaton Vance Government Opportunities Fund | 5.52% | 5.38% | 5.24% | 4.58% | 2.75% | 1.77% | 2.19% | 3.24% | 3.34% | 3.54% | 3.30% | 3.81% |
Frequently Asked Questions
EVGOX and BSV have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVGOX has higher volatility (1.54%) compared to BSV (0.60%). In terms of maximum drawdown, EVGOX dropped -23.97% vs BSV's -8.54%.
BSV currently has the higher Sharpe Ratio (1.76 vs 1.02), 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.
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