EVSD vs. EVHY

Last updated Jun 4, 2026

EVSD (Eaton Vance Short Duration Income ETF) and EVHY (Eaton Vance High Yield ETF) are both exchange-traded funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while EVHY is a High Yield Bonds fund actively managed by Eaton Vance. Both are actively managed. Over the past year, EVSD returned 4.84% vs 6.59% for EVHY. At a 0.50 correlation, their price movements are largely independent. EVSD charges 0.24%/yr vs 0.48%/yr for EVHY.

Performance

EVSD vs. EVHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Short Duration Income ETF (EVSD) and Eaton Vance High Yield ETF (EVHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVSD achieves a 0.77% return, which is significantly lower than EVHY's 1.09% return.

EVSD

• 1D: -0.08%
• 1M: 0.32%
• YTD: 0.77%
• 6M: 1.16%
• 1Y: 4.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVHY

• 1D: -0.24%
• 1M: 0.53%
• YTD: 1.09%
• 6M: 1.52%
• 1Y: 6.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVSD vs. EVHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVSD Eaton Vance Short Duration Income ETF	0.77%	6.80%	3.87%
EVHY Eaton Vance High Yield ETF	1.09%	9.14%	3.84%

Correlation

The correlation between EVSD and EVHY is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024	0.50

The correlation between EVSD and EVHY shifts across timeframes, from 0.50 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EVSD vs. EVHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVSD

EVSD Risk / Return Rank: 87
EVSD Sharpe Ratio Rank: 90
EVSD Sortino Ratio Rank: 94
EVSD Omega Ratio Rank: 93
EVSD Calmar Ratio Rank: 76
EVSD Martin Ratio Rank: 81

EVHY

EVHY Risk / Return Rank: 62
EVHY Sharpe Ratio Rank: 58
EVHY Sortino Ratio Rank: 64
EVHY Omega Ratio Rank: 64
EVHY Calmar Ratio Rank: 53
EVHY Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVSD vs. EVHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) and Eaton Vance High Yield ETF (EVHY). 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.

	EVSD	EVHY	Difference
Sharpe ratio: Return per unit of total volatility	3.16	1.96	+1.20
Sortino ratio: Return per unit of downside risk	5.08	2.98	+2.10
Omega ratio: Gain probability vs. loss probability	1.67	1.39	+0.28
Calmar ratio: Return relative to maximum drawdown	3.86	2.64	+1.22
Martin ratio: Return relative to average drawdown	16.16	12.77	+3.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVSD vs. EVHY - Sharpe Ratio Comparison

The current EVSD Sharpe Ratio is 3.16, which is higher than the EVHY Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of EVSD and EVHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EVSD	EVHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	1.96	+1.20
Sharpe Ratio (All Time) Calculated using the full available price history	3.03	2.19	+0.85

Drawdowns

EVSD vs. EVHY - Drawdown Comparison

The maximum EVSD drawdown since its inception was -1.26%, smaller than the maximum EVHY drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for EVSD and EVHY.

Drawdown Indicators

	EVSD	EVHY	Difference
Max Drawdown Largest peak-to-trough decline	-1.26%	-3.71%	+2.45%
Max Drawdown (1Y) Largest decline over 1 year	-1.26%	-2.51%	+1.25%
Current Drawdown Current decline from peak	-0.17%	-0.24%	+0.07%
Average Drawdown Average peak-to-trough decline	-0.19%	-0.37%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.52%	-0.22%

Volatility

EVSD vs. EVHY - Volatility Comparison

The current volatility for Eaton Vance Short Duration Income ETF (EVSD) is 0.47%, while Eaton Vance High Yield ETF (EVHY) has a volatility of 1.02%. This indicates that EVSD experiences smaller price fluctuations and is considered to be less risky than EVHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVSD	EVHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	1.02%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	2.70%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	1.54%	3.37%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.94%	4.52%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.94%	4.52%	-2.58%

EVSD vs. EVHY - Expense Ratio Comparison

EVSD has a 0.24% expense ratio, which is lower than EVHY's 0.48% expense ratio.

Dividends

EVSD vs. EVHY - Dividend Comparison

EVSD's dividend yield for the trailing twelve months is around 4.62%, less than EVHY's 7.21% yield.

Position	TTM	2025	2024	2023
EVHY Eaton Vance High Yield ETF	7.21%	7.39%	7.66%	1.44%
EVSD Eaton Vance Short Duration Income ETF	4.62%	4.64%	2.91%	0.00%

Frequently Asked Questions

Can I hold both EVSD and EVHY in my portfolio?

EVSD and EVHY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVSD or EVHY?

EVHY has higher volatility (1.02%) compared to EVSD (0.47%). In terms of maximum drawdown, EVSD dropped -1.26% vs EVHY's -3.71%.

Which ETF is better, EVSD or EVHY?

On 1-year performance, EVHY leads with 6.59% vs 4.84% for EVSD. On fees, EVSD is cheaper at 0.24% per year. On volatility, EVSD has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVSD or EVHY?

Over the 1-year period, EVHY has performed better with a 6.59% return vs 4.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVSD or EVHY?

EVSD is cheaper with a 0.24% expense ratio, compared with 0.48% for EVHY.

Which ETF pays a higher dividend yield, EVSD or EVHY?

EVHY has the higher dividend yield at 7.21%, compared with 4.62% for EVSD.

What is the main difference between EVSD and EVHY?

EVSD is categorized as Short-Term Bond, while EVHY is High Yield Bonds. Their fees differ too: 0.24% for EVSD and 0.48% for EVHY.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (3.16 vs 1.96), 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.