EVSB vs. BNDX
EVSB (Eaton Vance Ultra-Short Income ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - EVSB is a Ultrashort Bond fund actively managed by Eaton Vance, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). EVSB is actively managed, while BNDX is passively managed. Over the past year, EVSB returned 4.57% vs 2.08% for BNDX. At a 0.26 correlation, their price movements are largely independent. EVSB charges 0.17%/yr vs 0.07%/yr for BNDX.
Performance
EVSB vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, EVSB achieves a 1.86% return, which is significantly higher than BNDX's 1.04% return.
EVSB
- 1D
- 0.03%
- 1M
- 0.36%
- YTD
- 1.86%
- 6M
- 2.04%
- 1Y
- 4.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDX
- 1D
- -0.17%
- 1M
- 0.67%
- YTD
- 1.04%
- 6M
- 1.23%
- 1Y
- 2.08%
- 3Y*
- 4.14%
- 5Y*
- 0.42%
- 10Y*
- 1.72%
EVSB vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 1.86% | 5.12% | 6.04% | 1.84% |
BNDX Vanguard Total International Bond ETF | 1.04% | 2.86% | 3.57% | 7.36% |
Correlation
The correlation between EVSB and BNDX is 0.07, 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 (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.26 |
The correlation between EVSB and BNDX shifts across timeframes, from 0.07 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EVSB vs. BNDX — Risk / Return Rank
EVSB
BNDX
EVSB vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ultra-Short Income ETF (EVSB) and Vanguard Total International Bond ETF (BNDX). 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.
| EVSB | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.30 | ||
| Sortino ratioReturn per unit of downside risk | +9.51 | ||
| Omega ratioGain probability vs. loss probability | 2.67 | 1.11 | +1.56 |
| Calmar ratioReturn relative to maximum drawdown | 18.04 | 0.71 | +17.33 |
| Martin ratioReturn relative to average drawdown | 103.18 | 1.97 | +101.21 |
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Drawdowns
EVSB vs. BNDX - Drawdown Comparison
The maximum EVSB drawdown since its inception was -0.31%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for EVSB and BNDX.
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Drawdown Indicators
| EVSB | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -16.23% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -2.93% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.00% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -3.10% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.06% | -1.02% |
Volatility
EVSB vs. BNDX - Volatility Comparison
The current volatility for Eaton Vance Ultra-Short Income ETF (EVSB) is 0.23%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 0.96%. This indicates that EVSB experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVSB | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.96% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 2.97% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.78% | 3.46% | -2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 4.89% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.82% | 4.10% | -3.28% |
EVSB vs. BNDX - Expense Ratio Comparison
EVSB has a 0.17% expense ratio, which is higher than BNDX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EVSB vs. BNDX - Dividend Comparison
EVSB's dividend yield for the trailing twelve months is around 4.62%, more than BNDX's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
EVSB Eaton Vance Ultra-Short Income ETF | 4.62% | 4.63% | 5.18% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EVSB and BNDX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (0.96%) compared to EVSB (0.23%). In terms of maximum drawdown, EVSB dropped -0.31% vs BNDX's -16.23%.
On 1-year performance, EVSB leads with 4.57% vs 2.08% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, EVSB has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVSB has performed better with a 4.57% return vs 2.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.17% for EVSB.
EVSB has the higher dividend yield at 4.62%, compared with 4.47% for BNDX.
EVSB is categorized as Ultrashort Bond, while BNDX is Global Bonds. They also come from different issuers: Eaton Vance and Vanguard. Their fees differ too: 0.17% for EVSB and 0.07% for BNDX.
EVSB currently has the higher Sharpe Ratio (5.90 vs 0.61), 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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