EVSD vs. FUSI

Last updated Jun 23, 2026

EVSD (Eaton Vance Short Duration Income ETF) and FUSI (American Century Multisector Floating Income ETF) are both exchange-traded funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while FUSI is a Ultrashort Bond fund actively managed by American Century. Both are actively managed. Over the past year, EVSD returned 4.46% vs 5.49% for FUSI. At a 0.29 correlation, their price movements are largely independent. EVSD charges 0.24%/yr vs 0.28%/yr for FUSI.

Performance

EVSD vs. FUSI - Performance Comparison

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

Returns By Period

In the year-to-date period, EVSD achieves a 0.80% return, which is significantly lower than FUSI's 2.74% return.

EVSD

• 1D: -0.05%
• 1M: 0.27%
• YTD: 0.80%
• 6M: 0.98%
• 1Y: 4.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUSI

• 1D: -0.03%
• 1M: 0.55%
• YTD: 2.74%
• 6M: 2.82%
• 1Y: 5.49%
• 3Y*: 5.91%
• 5Y*: —
• 10Y*: —

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

EVSD vs. FUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVSD Eaton Vance Short Duration Income ETF	0.80%	6.80%	3.86%
FUSI American Century Multisector Floating Income ETF	2.74%	4.85%	3.01%

Correlation

The correlation between EVSD and FUSI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024	0.29

Return for Risk

EVSD vs. FUSI — Risk / Return Rank

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

EVSD

EVSD Risk / Return Rank: 85
EVSD Sharpe Ratio Rank: 89
EVSD Sortino Ratio Rank: 94
EVSD Omega Ratio Rank: 92
EVSD Calmar Ratio Rank: 72
EVSD Martin Ratio Rank: 79

FUSI

FUSI Risk / Return Rank: 98
FUSI Sharpe Ratio Rank: 98
FUSI Sortino Ratio Rank: 98
FUSI Omega Ratio Rank: 99
FUSI Calmar Ratio Rank: 98
FUSI Martin Ratio Rank: 99

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. FUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) and American Century Multisector Floating Income ETF (FUSI). 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.

	EVSD	FUSI	Difference
Sharpe ratio: Return per unit of total volatility	2.87	5.76	-2.89
Sortino ratio: Return per unit of downside risk	4.49	9.10	-4.61
Omega ratio: Gain probability vs. loss probability	1.60	2.79	-1.19
Calmar ratio: Return relative to maximum drawdown	3.55	12.38	-8.83
Martin ratio: Return relative to average drawdown	14.80	90.65	-75.85

EVSD vs. FUSI - Sharpe Ratio Comparison

The current EVSD Sharpe Ratio is 2.87, which is lower than the FUSI Sharpe Ratio of 5.76. The chart below compares the historical Sharpe Ratios of EVSD and FUSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVSD vs. FUSI - Drawdown Comparison

The maximum EVSD drawdown since its inception was -1.26%, which is greater than FUSI's maximum drawdown of -0.70%. Use the drawdown chart below to compare losses from any high point for EVSD and FUSI.

Drawdown Indicators

	EVSD	FUSI	Difference
Max Drawdown Largest peak-to-trough decline	-1.26%	-0.70%	-0.56%
Max Drawdown (1Y) Largest decline over 1 year	-1.26%	-0.45%	-0.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.70%	—
Current Drawdown Current decline from peak	-0.23%	-0.03%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.19%	-0.04%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.06%	+0.24%

Volatility

EVSD vs. FUSI - Volatility Comparison

Eaton Vance Short Duration Income ETF (EVSD) has a higher volatility of 0.54% compared to American Century Multisector Floating Income ETF (FUSI) at 0.36%. This indicates that EVSD's price experiences larger fluctuations and is considered to be riskier than FUSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVSD	FUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	0.36%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	1.22%	0.67%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	1.57%	0.96%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.95%	1.10%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.95%	1.10%	+0.85%

EVSD vs. FUSI - Expense Ratio Comparison

EVSD has a 0.24% expense ratio, which is lower than FUSI's 0.28% expense ratio.

Dividends

EVSD vs. FUSI - Dividend Comparison

EVSD's dividend yield for the trailing twelve months is around 4.62%, less than FUSI's 5.24% yield.

Position	TTM	2025	2024	2023
EVSD Eaton Vance Short Duration Income ETF	4.62%	4.64%	2.91%	0.00%
FUSI American Century Multisector Floating Income ETF	5.24%	5.28%	5.98%	4.97%

Frequently Asked Questions

Can I hold both EVSD and FUSI in my portfolio?

EVSD and FUSI have a correlation of 0.35, 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 FUSI?

EVSD has higher volatility (0.54%) compared to FUSI (0.36%). In terms of maximum drawdown, EVSD dropped -1.26% vs FUSI's -0.70%.

Which ETF is better, EVSD or FUSI?

On 1-year performance, FUSI leads with 5.49% vs 4.46% for EVSD. On fees, EVSD is cheaper at 0.24% per year. On volatility, FUSI has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVSD or FUSI?

Over the 1-year period, FUSI has performed better with a 5.49% return vs 4.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVSD or FUSI?

EVSD is cheaper with a 0.24% expense ratio, compared with 0.28% for FUSI.

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

FUSI has the higher dividend yield at 5.24%, compared with 4.62% for EVSD.

What is the main difference between EVSD and FUSI?

EVSD is categorized as Short-Term Bond, while FUSI is Ultrashort Bond. They also come from different issuers: Eaton Vance and American Century. Their fees differ too: 0.24% for EVSD and 0.28% for FUSI.

Which has better risk-adjusted returns?

FUSI currently has the higher Sharpe Ratio (5.76 vs 2.87), 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.