EVSB vs. TFLO
Compare and contrast key facts about Eaton Vance Ultra-Short Income ETF (EVSB) and iShares Treasury Floating Rate Bond ETF (TFLO).
EVSB and TFLO 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. TFLO is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Treasury Floating Rate Index. It was launched on Feb 3, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVSB or TFLO.
Key characteristics
| EVSB | TFLO | |
|---|---|---|
| YTD Return | 4.63% | 3.83% |
| Daily Std Dev | 0.83% | 0.35% |
| Max Drawdown | -0.21% | -5.01% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between EVSB and TFLO is 0.04, 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.
Performance
EVSB vs. TFLO - Performance Comparison
In the year-to-date period, EVSB achieves a 4.63% return, which is significantly higher than TFLO's 3.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EVSB vs. TFLO - Expense Ratio Comparison
EVSB has a 0.17% expense ratio, which is higher than TFLO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
EVSB vs. TFLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ultra-Short Income ETF (EVSB) and iShares Treasury Floating Rate Bond ETF (TFLO). 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.
Not enough dataDividends
EVSB vs. TFLO - Dividend Comparison
EVSB's dividend yield for the trailing twelve months is around 4.79%, less than TFLO's 5.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 4.79% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 5.43% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% | 0.08% |
Drawdowns
EVSB vs. TFLO - Drawdown Comparison
The maximum EVSB drawdown since its inception was -0.21%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for EVSB and TFLO. For additional features, visit the drawdowns tool.
Volatility
EVSB vs. TFLO - Volatility Comparison
Eaton Vance Ultra-Short Income ETF (EVSB) has a higher volatility of 0.22% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.08%. This indicates that EVSB's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.