EVSB vs. USFR
EVSB (Eaton Vance Ultra-Short Income ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - EVSB is a Ultrashort Bond fund actively managed by Eaton Vance, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. EVSB is actively managed, while USFR is passively managed. Over the past year, EVSB returned 4.71% vs 4.03% for USFR. At a correlation of -0.02, they often move in opposite directions. EVSB charges 0.17%/yr vs 0.15%/yr for USFR.
Performance
EVSB vs. USFR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EVSB having a 1.66% return and USFR slightly lower at 1.60%.
EVSB
- 1D
- -0.01%
- 1M
- 0.40%
- YTD
- 1.66%
- 6M
- 2.00%
- 1Y
- 4.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.60%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
EVSB vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 1.66% | 5.12% | 6.04% | 1.84% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 0.94% |
Correlation
The correlation between EVSB and USFR is 0.04, 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 | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023 | -0.02 |
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Return for Risk
EVSB vs. USFR — Risk / Return Rank
EVSB
USFR
EVSB vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ultra-Short Income ETF (EVSB) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.00 | ||
| Sortino ratioReturn per unit of downside risk | -39.92 | ||
| Omega ratioGain probability vs. loss probability | 2.76 | 13.43 | -10.67 |
| Calmar ratioReturn relative to maximum drawdown | 18.60 | 203.42 | -184.81 |
| Martin ratioReturn relative to average drawdown | 109.03 | 787.84 | -678.81 |
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 | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.11 | 15.11 | -9.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 9.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.94 | 1.60 | +5.34 |
Drawdowns
EVSB vs. USFR - Drawdown Comparison
The maximum EVSB drawdown since its inception was -0.31%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for EVSB and USFR.
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Drawdown Indicators
| EVSB | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -1.36% | +1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -0.02% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -0.16% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.01% | +0.03% |
Volatility
EVSB vs. USFR - Volatility Comparison
Eaton Vance Ultra-Short Income ETF (EVSB) has a higher volatility of 0.19% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that EVSB's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVSB | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 0.06% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.51% | 0.18% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.77% | 0.27% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 0.40% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.82% | 0.81% | +0.01% |
EVSB vs. USFR - Expense Ratio Comparison
EVSB has a 0.17% expense ratio, which is higher than USFR'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%.
Dividends
EVSB vs. USFR - Dividend Comparison
EVSB's dividend yield for the trailing twelve months is around 4.63%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 4.63% | 4.63% | 5.18% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
EVSB and USFR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVSB has higher volatility (0.19%) compared to USFR (0.06%). In terms of maximum drawdown, EVSB dropped -0.31% vs USFR's -1.36%.
On 1-year performance, EVSB leads with 4.71% vs 4.03% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.06%. 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 4.71% return vs 4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.17% for EVSB.
EVSB has the higher dividend yield at 4.63%, compared with 3.91% for USFR.
EVSB is categorized as Ultrashort Bond, while USFR is Government Bonds. They also come from different issuers: Eaton Vance and WisdomTree. Their fees differ too: 0.17% for EVSB and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 6.11), 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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