EVSB vs. NEAR
Compare and contrast key facts about Eaton Vance Ultra-Short Income ETF (EVSB) and iShares Short Duration Bond Active ETF (NEAR).
EVSB and NEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVSB is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Performance
EVSB vs. NEAR - Performance Comparison
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EVSB vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 0.90% | 5.12% | 6.04% | 1.84% |
NEAR iShares Short Duration Bond Active ETF | 0.16% | 5.90% | 5.09% | 2.93% |
Returns By Period
In the year-to-date period, EVSB achieves a 0.90% return, which is significantly higher than NEAR's 0.16% return.
EVSB
- 1D
- 0.04%
- 1M
- 0.16%
- YTD
- 0.90%
- 6M
- 2.04%
- 1Y
- 4.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR
- 1D
- 0.19%
- 1M
- -0.66%
- YTD
- 0.16%
- 6M
- 1.39%
- 1Y
- 4.52%
- 3Y*
- 5.75%
- 5Y*
- 3.77%
- 10Y*
- 2.83%
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EVSB vs. NEAR - Expense Ratio Comparison
EVSB has a 0.17% expense ratio, which is lower than NEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
EVSB vs. NEAR — Risk / Return Rank
EVSB
NEAR
EVSB vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ultra-Short Income ETF (EVSB) and iShares Short Duration Bond Active ETF (NEAR). 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 | NEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.33 | 2.41 | +2.92 |
Sortino ratioReturn per unit of downside risk | 8.80 | 3.59 | +5.21 |
Omega ratioGain probability vs. loss probability | 2.52 | 1.56 | +0.96 |
Calmar ratioReturn relative to maximum drawdown | 15.04 | 3.92 | +11.12 |
Martin ratioReturn relative to average drawdown | 85.60 | 15.25 | +70.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVSB | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.33 | 2.41 | +2.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.97 | 1.08 | +5.89 |
Correlation
The correlation between EVSB and NEAR is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EVSB vs. NEAR - Dividend Comparison
EVSB's dividend yield for the trailing twelve months is around 4.68%, more than NEAR's 4.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 4.68% | 4.63% | 5.18% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Duration Bond Active ETF | 4.51% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Drawdowns
EVSB vs. NEAR - Drawdown Comparison
The maximum EVSB drawdown since its inception was -0.31%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for EVSB and NEAR.
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Drawdown Indicators
| EVSB | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -9.61% | +9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -1.16% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.61% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.66% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -0.16% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.30% | -0.24% |
Volatility
EVSB vs. NEAR - Volatility Comparison
The current volatility for Eaton Vance Ultra-Short Income ETF (EVSB) is 0.22%, while iShares Short Duration Bond Active ETF (NEAR) has a volatility of 0.62%. This indicates that EVSB experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVSB | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.62% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 0.93% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.88% | 1.88% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 1.32% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.83% | 2.49% | -1.66% |