EVHY vs. EVSD

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and Eaton Vance Short Duration Income ETF (EVSD).

EVHY and EVSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. EVSD is an actively managed fund by Eaton Vance. It was launched on Mar 31, 1992.

Performance

EVHY vs. EVSD - Performance Comparison

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

EVHY vs. EVSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVHY Eaton Vance High Yield ETF	-0.25%	9.14%	3.84%
EVSD Eaton Vance Short Duration Income ETF	0.14%	6.80%	3.87%

Returns By Period

In the year-to-date period, EVHY achieves a -0.25% return, which is significantly lower than EVSD's 0.14% return.

EVHY

• 1D: 0.24%
• 1M: -0.92%
• YTD: -0.25%
• 6M: 1.47%
• 1Y: 7.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVSD

• 1D: 0.04%
• 1M: -0.60%
• YTD: 0.14%
• 6M: 1.34%
• 1Y: 4.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVHY vs. EVSD - Expense Ratio Comparison

EVHY has a 0.48% expense ratio, which is higher than EVSD's 0.24% expense ratio.

EVHY

Eaton Vance High Yield ETF

EVSD

Eaton Vance Short Duration Income ETF

Return for Risk

EVHY vs. EVSD — Risk / Return Rank

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

EVHY

EVHY Risk / Return Rank: 80
EVHY Sharpe Ratio Rank: 76
EVHY Sortino Ratio Rank: 81
EVHY Omega Ratio Rank: 82
EVHY Calmar Ratio Rank: 74
EVHY Martin Ratio Rank: 86

EVSD

EVSD Risk / Return Rank: 96
EVSD Sharpe Ratio Rank: 97
EVSD Sortino Ratio Rank: 98
EVSD Omega Ratio Rank: 97
EVSD Calmar Ratio Rank: 94
EVSD Martin Ratio Rank: 96

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.

EVHY vs. EVSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) 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.

	EVHY	EVSD	Difference
Sharpe ratio Return per unit of total volatility	1.45	2.84	-1.39
Sortino ratio Return per unit of downside risk	2.20	4.39	-2.20
Omega ratio Gain probability vs. loss probability	1.34	1.61	-0.27
Calmar ratio Return relative to maximum drawdown	2.14	4.04	-1.90
Martin ratio Return relative to average drawdown	11.14	17.93	-6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVHY vs. EVSD - Sharpe Ratio Comparison

The current EVHY Sharpe Ratio is 1.45, which is lower than the EVSD Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of EVHY and EVSD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EVHY	EVSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	2.84	-1.39
Sharpe Ratio (All Time) Calculated using the full available price history	2.19	3.10	-0.92

Correlation

The correlation between EVHY and EVSD is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EVHY vs. EVSD - Dividend Comparison

EVHY's dividend yield for the trailing twelve months is around 7.35%, more than EVSD's 4.61% yield.

	TTM	2025	2024	2023
EVHY Eaton Vance High Yield ETF	7.35%	7.39%	7.66%	1.44%
EVSD Eaton Vance Short Duration Income ETF	4.61%	4.64%	2.91%	0.00%

Drawdowns

EVHY vs. EVSD - Drawdown Comparison

The maximum EVHY drawdown since its inception was -3.71%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for EVHY and EVSD.

Drawdown Indicators

	EVHY	EVSD	Difference
Max Drawdown Largest peak-to-trough decline	-3.71%	-1.26%	-2.45%
Max Drawdown (1Y) Largest decline over 1 year	-3.38%	-1.26%	-2.12%
Current Drawdown Current decline from peak	-1.10%	-0.80%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.38%	-0.17%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.28%	+0.37%

Volatility

EVHY vs. EVSD - Volatility Comparison

Eaton Vance High Yield ETF (EVHY) has a higher volatility of 1.98% compared to Eaton Vance Short Duration Income ETF (EVSD) at 0.74%. This indicates that EVHY'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

	EVHY	EVSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	0.74%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	1.03%	+1.60%
Volatility (1Y) Calculated over the trailing 1-year period	4.86%	1.75%	+3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.58%	1.96%	+2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.58%	1.96%	+2.62%