EVSD vs. GLDM

Last updated Jun 14, 2026

EVSD (Eaton Vance Short Duration Income ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while GLDM is a Gold fund tracking the LBMA Gold Price PM. EVSD is actively managed, while GLDM is passively managed. Over the past year, EVSD returned 4.77% vs 22.58% for GLDM. At a 0.21 correlation, their price movements are largely independent. EVSD charges 0.24%/yr vs 0.10%/yr for GLDM.

Performance

EVSD vs. GLDM - Performance Comparison

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

Returns By Period

In the year-to-date period, EVSD achieves a 0.91% return, which is significantly higher than GLDM's -2.40% return.

EVSD

• 1D: -0.03%
• 1M: 0.36%
• YTD: 0.91%
• 6M: 1.33%
• 1Y: 4.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDM

• 1D: 0.11%
• 1M: -9.52%
• YTD: -2.40%
• 6M: -2.09%
• 1Y: 22.58%
• 3Y*: 29.27%
• 5Y*: 17.41%
• 10Y*: —

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

EVSD vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVSD Eaton Vance Short Duration Income ETF	0.91%	6.80%	3.86%
GLDM SPDR Gold MiniShares Trust	-2.40%	64.20%	12.44%

Correlation

The correlation between EVSD and GLDM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024	0.21

Return for Risk

EVSD vs. GLDM — Risk / Return Rank

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

EVSD

EVSD Risk / Return Rank: 90
EVSD Sharpe Ratio Rank: 94
EVSD Sortino Ratio Rank: 95
EVSD Omega Ratio Rank: 95
EVSD Calmar Ratio Rank: 80
EVSD Martin Ratio Rank: 85

GLDM

GLDM Risk / Return Rank: 27
GLDM Sharpe Ratio Rank: 28
GLDM Sortino Ratio Rank: 25
GLDM Omega Ratio Rank: 31
GLDM Calmar Ratio Rank: 24
GLDM Martin Ratio Rank: 25

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. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) and SPDR Gold MiniShares Trust (GLDM). 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	GLDM	Difference
Sharpe ratio: Return per unit of total volatility	3.05	0.90	+2.16
Sortino ratio: Return per unit of downside risk	4.88	1.26	+3.62
Omega ratio: Gain probability vs. loss probability	1.65	1.19	+0.46
Calmar ratio: Return relative to maximum drawdown	3.72	1.00	+2.73
Martin ratio: Return relative to average drawdown	15.56	2.87	+12.69

EVSD vs. GLDM - Sharpe Ratio Comparison

The current EVSD Sharpe Ratio is 3.05, which is higher than the GLDM Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of EVSD and GLDM, 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. GLDM - Drawdown Comparison

The maximum EVSD drawdown since its inception was -1.26%, smaller than the maximum GLDM drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for EVSD and GLDM.

Drawdown Indicators

	EVSD	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-1.26%	-24.35%	+23.09%
Max Drawdown (1Y) Largest decline over 1 year	-1.26%	-24.35%	+23.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.35%	—
Current Drawdown Current decline from peak	-0.04%	-21.96%	+21.92%
Average Drawdown Average peak-to-trough decline	-0.19%	-6.27%	+6.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	8.44%	-8.14%

Volatility

EVSD vs. GLDM - Volatility Comparison

The current volatility for Eaton Vance Short Duration Income ETF (EVSD) is 0.55%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 7.73%. This indicates that EVSD experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVSD	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	7.73%	-7.18%
Volatility (6M) Calculated over the trailing 6-month period	1.18%	23.93%	-22.75%
Volatility (1Y) Calculated over the trailing 1-year period	1.54%	27.15%	-25.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.94%	18.13%	-16.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.94%	16.98%	-15.04%

EVSD vs. GLDM - Expense Ratio Comparison

EVSD has a 0.24% expense ratio, which is higher than GLDM's 0.10% 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

EVSD vs. GLDM - Dividend Comparison

EVSD's dividend yield for the trailing twelve months is around 4.61%, while GLDM has not paid dividends to shareholders.

Position	TTM	2025	2024
EVSD Eaton Vance Short Duration Income ETF	4.61%	4.64%	2.91%
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVSD and GLDM in my portfolio?

EVSD and GLDM have a correlation of 0.30, 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 GLDM?

GLDM has higher volatility (7.73%) compared to EVSD (0.55%). In terms of maximum drawdown, EVSD dropped -1.26% vs GLDM's -24.35%.

Which ETF is better, EVSD or GLDM?

On 1-year performance, GLDM leads with 22.58% vs 4.77% for EVSD. On fees, GLDM is cheaper at 0.10% per year. On volatility, EVSD has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVSD or GLDM?

Over the 1-year period, GLDM has performed better with a 22.58% return vs 4.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVSD or GLDM?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.24% for EVSD.

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

EVSD has the higher dividend yield at 4.61%, compared with 0.00% for GLDM.

What is the main difference between EVSD and GLDM?

EVSD is categorized as Short-Term Bond, while GLDM is Gold. They also come from different issuers: Eaton Vance and State Street. Their fees differ too: 0.24% for EVSD and 0.10% for GLDM.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (3.05 vs 0.90), 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.