EVSB vs. OXLC
EVSB (Eaton Vance Ultra-Short Income ETF) is Ultrashort Bond fund actively managed by Eaton Vance, while OXLC (Oxford Lane Capital Corp.) is a stock. Over the past year, EVSB returned 4.51% vs -26.02% for OXLC. At a 0.07 correlation, their price movements are largely independent.
Performance
EVSB vs. OXLC - Performance Comparison
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Returns By Period
In the year-to-date period, EVSB achieves a 1.82% return, which is significantly higher than OXLC's -12.27% return.
EVSB
- 1D
- -0.07%
- 1M
- 0.32%
- YTD
- 1.82%
- 6M
- 1.93%
- 1Y
- 4.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OXLC
- 1D
- 1.44%
- 1M
- 14.51%
- YTD
- -12.27%
- 6M
- -9.86%
- 1Y
- -26.02%
- 3Y*
- -2.21%
- 5Y*
- -4.18%
- 10Y*
- 6.33%
EVSB vs. OXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 1.82% | 5.12% | 6.04% | 1.84% |
OXLC Oxford Lane Capital Corp. | -12.27% | -24.38% | 24.58% | 3.68% |
Correlation
The correlation between EVSB and OXLC is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.07 |
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Return for Risk
EVSB vs. OXLC — Risk / Return Rank
EVSB
OXLC
EVSB vs. OXLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ultra-Short Income ETF (EVSB) and Oxford Lane Capital Corp. (OXLC). 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 | OXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.38 | ||
| Sortino ratioReturn per unit of downside risk | +10.86 | ||
| Omega ratioGain probability vs. loss probability | 2.61 | 0.90 | +1.71 |
| Calmar ratioReturn relative to maximum drawdown | 17.80 | -0.51 | +18.31 |
| Martin ratioReturn relative to average drawdown | 101.31 | -0.92 | +102.23 |
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Drawdowns
EVSB vs. OXLC - Drawdown Comparison
The maximum EVSB drawdown since its inception was -0.31%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for EVSB and OXLC.
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Drawdown Indicators
| EVSB | OXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -74.58% | +74.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -51.38% | +51.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.58% | — |
Current DrawdownCurrent decline from peak | -0.07% | -37.16% | +37.09% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -14.06% | +14.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 28.25% | -28.21% |
Volatility
EVSB vs. OXLC - Volatility Comparison
The current volatility for Eaton Vance Ultra-Short Income ETF (EVSB) is 0.23%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 25.53%. This indicates that EVSB experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVSB | OXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 25.53% | -25.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 37.08% | -36.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.78% | 44.20% | -43.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 28.74% | -27.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.82% | 43.35% | -42.53% |
Dividends
EVSB vs. OXLC - Dividend Comparison
EVSB's dividend yield for the trailing twelve months is around 4.62%, less than OXLC's 75.51% 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% |
OXLC Oxford Lane Capital Corp. | 75.51% | 35.86% | 20.12% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% |
Frequently Asked Questions
EVSB and OXLC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLC has higher volatility (25.53%) compared to EVSB (0.23%). In terms of maximum drawdown, EVSB dropped -0.31% vs OXLC's -74.58%.
EVSB currently has the higher Sharpe Ratio (5.79 vs -0.59), 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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