EVSB vs. NEAR
EVSB (Eaton Vance Ultra-Short Income ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - EVSB is a Ultrashort Bond fund actively managed by Eaton Vance, while NEAR is a Short-Term Bond fund actively managed by iShares. Both are actively managed. Over the past year, EVSB returned 4.60% vs 3.76% for NEAR. At a 0.33 correlation, their price movements are largely independent. EVSB charges 0.17%/yr vs 0.25%/yr for NEAR.
Performance
EVSB vs. NEAR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EVSB achieves a 1.89% return, which is significantly higher than NEAR's 0.73% return.
EVSB
- 1D
- 0.03%
- 1M
- 0.39%
- YTD
- 1.89%
- 6M
- 2.07%
- 1Y
- 4.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR
- 1D
- 0.10%
- 1M
- 0.21%
- YTD
- 0.73%
- 6M
- 0.96%
- 1Y
- 3.76%
- 3Y*
- 5.52%
- 5Y*
- 3.86%
- 10Y*
- 2.85%
EVSB vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 1.89% | 5.12% | 6.04% | 1.84% |
NEAR iShares Short Duration Bond Active ETF | 0.73% | 5.90% | 5.09% | 2.98% |
Correlation
The correlation between EVSB and NEAR is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.33 |
The correlation between EVSB and NEAR shifts across timeframes, from 0.22 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.21 | ||
| Sortino ratioReturn per unit of downside risk | +6.27 | ||
| Omega ratioGain probability vs. loss probability | 2.68 | 1.55 | +1.13 |
| Calmar ratioReturn relative to maximum drawdown | 18.16 | 3.33 | +14.83 |
| Martin ratioReturn relative to average drawdown | 103.88 | 15.13 | +88.74 |
Loading charts...
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.
Loading charts...
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 | -0.25% | -1.13% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.16% | — |
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% | -0.14% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -0.16% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.25% | -0.21% |
Volatility
EVSB vs. NEAR - Volatility Comparison
The current volatility for Eaton Vance Ultra-Short Income ETF (EVSB) is 0.23%, while iShares Short Duration Bond Active ETF (NEAR) has a volatility of 0.49%. 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.
Loading charts...
Volatility by Period
| EVSB | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.49% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 1.06% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.78% | 1.39% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.81% | 1.35% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.81% | 2.50% | -1.69% |
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%.
Dividends
EVSB vs. NEAR - Dividend Comparison
EVSB's dividend yield for the trailing twelve months is around 4.62%, more than NEAR's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NEAR iShares Short Duration Bond Active ETF | 4.44% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Frequently Asked Questions
EVSB and NEAR have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAR has higher volatility (0.49%) compared to EVSB (0.23%). In terms of maximum drawdown, EVSB dropped -0.31% vs NEAR's -9.61%.
On 1-year performance, EVSB leads with 4.60% vs 3.76% for NEAR. On fees, EVSB is cheaper at 0.17% 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 4.60% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVSB is cheaper with a 0.17% expense ratio, compared with 0.25% for NEAR.
EVSB has the higher dividend yield at 4.62%, compared with 4.44% for NEAR.
EVSB is categorized as Ultrashort Bond, while NEAR is Short-Term Bond. They also come from different issuers: Eaton Vance and iShares. Their fees differ too: 0.17% for EVSB and 0.25% for NEAR.
EVSB currently has the higher Sharpe Ratio (5.94 vs 2.73), 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.
Find the right allocation for EVSB and NEAR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer