EVSB vs. EVPF

Last updated Jun 4, 2026

EVSB (Eaton Vance Ultra-Short Income ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both exchange-traded funds - EVSB is a Ultrashort Bond fund actively managed by Eaton Vance, while EVPF is a Preferred Stock/Convertible Bonds fund actively managed by Eaton Vance. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. EVSB charges 0.17%/yr vs 0.39%/yr for EVPF.

Performance

EVSB vs. EVPF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Ultra-Short Income ETF (EVSB) and Eaton Vance Preferred Securities and Income ETF (EVPF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVSB

• 1D: -0.01%
• 1M: 0.40%
• YTD: 1.66%
• 6M: 2.00%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVPF

• 1D: 0.00%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVSB vs. EVPF - Yearly Performance Comparison

	2026 (YTD)
EVSB Eaton Vance Ultra-Short Income ETF	0.98%
EVPF Eaton Vance Preferred Securities and Income ETF	1.16%

Correlation

The correlation between EVSB and EVPF is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.24

Return for Risk

EVSB vs. EVPF — Risk / Return Rank

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

EVSB

EVSB Risk / Return Rank: 99
EVSB Sharpe Ratio Rank: 98
EVSB Sortino Ratio Rank: 99
EVSB Omega Ratio Rank: 99
EVSB Calmar Ratio Rank: 98
EVSB Martin Ratio Rank: 99

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.

EVSB vs. EVPF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ultra-Short Income ETF (EVSB) and Eaton Vance Preferred Securities and Income ETF (EVPF). 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.

	EVSB	EVPF	Difference
Sharpe ratio: Return per unit of total volatility	6.11	—	—
Sortino ratio: Return per unit of downside risk	10.72	—	—
Omega ratio: Gain probability vs. loss probability	2.76	—	—
Calmar ratio: Return relative to maximum drawdown	18.60	—	—
Martin ratio: Return relative to average drawdown	109.03	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EVSB	EVPF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.94	1.13	+5.82

Drawdowns

EVSB vs. EVPF - Drawdown Comparison

The maximum EVSB drawdown since its inception was -0.31%, smaller than the maximum EVPF drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for EVSB and EVPF.

Drawdown Indicators

	EVSB	EVPF	Difference
Max Drawdown Largest peak-to-trough decline	-0.31%	-2.36%	+2.05%
Max Drawdown (1Y) Largest decline over 1 year	-0.25%	—	—
Current Drawdown Current decline from peak	-0.05%	-0.17%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.02%	-0.52%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.04%	—	—

Volatility

Volatility by Period

	EVSB	EVPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.77%	4.31%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.82%	4.31%	-3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.82%	4.31%	-3.49%

EVSB vs. EVPF - Expense Ratio Comparison

EVSB has a 0.17% expense ratio, which is lower than EVPF's 0.39% expense ratio.

Dividends

EVSB vs. EVPF - Dividend Comparison

EVSB's dividend yield for the trailing twelve months is around 4.63%, more than EVPF's 1.08% yield.

Position	TTM	2025	2024	2023
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	0.00%	0.00%	0.00%
EVSB Eaton Vance Ultra-Short Income ETF	4.63%	4.63%	5.18%	1.21%

Frequently Asked Questions

Can I hold both EVSB and EVPF in my portfolio?

EVSB and EVPF have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVSB or EVPF?

On fees, EVSB is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVSB or EVPF?

EVSB is cheaper with a 0.17% expense ratio, compared with 0.39% for EVPF.

Which ETF pays a higher dividend yield, EVSB or EVPF?

EVSB has the higher dividend yield at 4.63%, compared with 1.08% for EVPF.

What is the main difference between EVSB and EVPF?

EVSB is categorized as Ultrashort Bond, while EVPF is Preferred Stock/Convertible Bonds. Their fees differ too: 0.17% for EVSB and 0.39% for EVPF.