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 4.63% vs -22.83% for OXLC. At a 0.08 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 2.18% return, which is significantly higher than OXLC's -6.44% return.
EVSB
- 1D
- 0.01%
- 1M
- 0.41%
- 6M
- 2.08%
- YTD
- 2.18%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OXLC
- 1D
- -0.33%
- 1M
- 2.51%
- 6M
- -8.20%
- YTD
- -6.44%
- 1Y
- -22.83%
- 3Y*
- -2.22%
- 5Y*
- -3.43%
- 10Y*
- 5.54%
EVSB vs. OXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 2.18% | 5.12% | 6.04% | 1.84% |
OXLC Oxford Lane Capital Corp. | -6.44% | -24.38% | 24.58% | 3.68% |
Correlation
The correlation between EVSB and OXLC is -0.00, 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 | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.08 |
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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 | +6.39 | ||
| Sortino ratioReturn per unit of downside risk | +10.85 | ||
| Omega ratioGain probability vs. loss probability | 2.63 | 0.92 | +1.71 |
| Calmar ratioReturn relative to maximum drawdown | 18.30 | -0.45 | +18.76 |
| Martin ratioReturn relative to average drawdown | 103.42 | -0.82 | +104.24 |
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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% | -50.56% | +50.31% |
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 | 0.00% | -32.99% | +32.99% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -14.14% | +14.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 27.99% | -27.95% |
Volatility
EVSB vs. OXLC - Volatility Comparison
The current volatility for Eaton Vance Ultra-Short Income ETF (EVSB) is 0.21%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 7.06%. 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 | 0.21% | 7.06% | -6.85% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 37.07% | -36.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 44.29% | -43.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.81% | 28.76% | -27.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.81% | 43.29% | -42.48% |
Dividends
EVSB vs. OXLC - Dividend Comparison
EVSB's dividend yield for the trailing twelve months is around 4.57%, less than OXLC's 70.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 4.57% | 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. | 70.82% | 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 -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLC has higher volatility (7.06%) compared to EVSB (0.21%). In terms of maximum drawdown, EVSB dropped -0.31% vs OXLC's -74.58%.
EVSB currently has the higher Sharpe Ratio (5.88 vs -0.52), 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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