EVHY vs. EVSD

Last updated Jun 3, 2026

EVHY (Eaton Vance High Yield ETF) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - EVHY is a High Yield Bonds fund actively managed by Eaton Vance, while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, EVHY returned 7.04% vs 5.03% for EVSD. At a 0.50 correlation, their price movements are largely independent. EVHY charges 0.48%/yr vs 0.24%/yr for EVSD.

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.

Returns By Period

In the year-to-date period, EVHY achieves a 1.33% return, which is significantly higher than EVSD's 0.85% return.

EVHY

• 1D: 0.11%
• 1M: 0.46%
• YTD: 1.33%
• 6M: 1.94%
• 1Y: 7.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVSD

• 1D: 0.04%
• 1M: 0.26%
• YTD: 0.85%
• 6M: 1.33%
• 1Y: 5.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVHY vs. EVSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVHY Eaton Vance High Yield ETF	1.33%	9.14%	3.84%
EVSD Eaton Vance Short Duration Income ETF	0.85%	6.80%	3.87%

Correlation

The correlation between EVHY and EVSD is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024	0.50

The correlation between EVHY and EVSD shifts across timeframes, from 0.50 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.

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: 65
EVHY Sharpe Ratio Rank: 62
EVHY Sortino Ratio Rank: 69
EVHY Omega Ratio Rank: 68
EVHY Calmar Ratio Rank: 55
EVHY Martin Ratio Rank: 71

EVSD

EVSD Risk / Return Rank: 87
EVSD Sharpe Ratio Rank: 92
EVSD Sortino Ratio Rank: 95
EVSD Omega Ratio Rank: 94
EVSD Calmar Ratio Rank: 76
EVSD Martin Ratio Rank: 81

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	2.10	3.29	-1.18
Sortino ratio Return per unit of downside risk	3.20	5.29	-2.09
Omega ratio Gain probability vs. loss probability	1.42	1.70	-0.28
Calmar ratio Return relative to maximum drawdown	2.79	3.87	-1.09
Martin ratio Return relative to average drawdown	13.52	16.27	-2.76
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 2.10, which is lower than the EVSD Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of EVHY 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.

Sharpe Ratios by Period

	EVHY	EVSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	3.29	-1.18
Sharpe Ratio (All Time) Calculated using the full available price history	2.21	3.06	-0.85

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	-2.51%	-1.26%	-1.25%
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.37%	-0.19%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	0.30%	+0.22%

Volatility

EVHY vs. EVSD - Volatility Comparison

Eaton Vance High Yield ETF (EVHY) has a higher volatility of 1.04% compared to Eaton Vance Short Duration Income ETF (EVSD) at 0.49%. 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	1.04%	0.49%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	1.14%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	1.54%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.53%	1.94%	+2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.53%	1.94%	+2.59%

EVHY vs. EVSD - Expense Ratio Comparison

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

Dividends

EVHY vs. EVSD - Dividend Comparison

EVHY's dividend yield for the trailing twelve months is around 7.19%, more than EVSD's 4.61% yield.

Position	TTM	2025	2024	2023
EVHY Eaton Vance High Yield ETF	7.19%	7.39%	7.66%	1.44%
EVSD Eaton Vance Short Duration Income ETF	4.61%	4.64%	2.91%	0.00%

Frequently Asked Questions

Can I hold both EVHY and EVSD in my portfolio?

EVHY and EVSD have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVHY or EVSD?

EVHY has higher volatility (1.04%) compared to EVSD (0.49%). In terms of maximum drawdown, EVHY dropped -3.71% vs EVSD's -1.26%.

Which ETF is better, EVHY or EVSD?

On 1-year performance, EVHY leads with 7.04% vs 5.03% for EVSD. On fees, EVSD is cheaper at 0.24% per year. On volatility, EVSD has been the lower-risk option at 0.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVHY or EVSD?

Over the 1-year period, EVHY has performed better with a 7.04% return vs 5.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVHY or EVSD?

EVSD is cheaper with a 0.24% expense ratio, compared with 0.48% for EVHY.

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

EVHY has the higher dividend yield at 7.19%, compared with 4.61% for EVSD.

What is the main difference between EVHY and EVSD?

EVHY is categorized as High Yield Bonds, while EVSD is Short-Term Bond. Their fees differ too: 0.48% for EVHY and 0.24% for EVSD.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (3.29 vs 2.10), 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.