EVSD vs. UCO
EVSD (Eaton Vance Short Duration Income ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while UCO is a Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). EVSD is actively managed, while UCO is passively managed. Over the past year, EVSD returned 4.72% vs 115.57% for UCO. At a correlation of -0.30, they often move in opposite directions. EVSD charges 0.24%/yr vs 0.95%/yr for UCO.
Performance
EVSD vs. UCO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EVSD achieves a 0.85% return, which is significantly lower than UCO's 139.34% return.
EVSD
- 1D
- 0.08%
- 1M
- 0.34%
- YTD
- 0.85%
- 6M
- 1.28%
- 1Y
- 4.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UCO
- 1D
- -3.93%
- 1M
- -5.57%
- YTD
- 139.34%
- 6M
- 124.58%
- 1Y
- 115.57%
- 3Y*
- 24.38%
- 5Y*
- 21.18%
- 10Y*
- -11.98%
EVSD vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 0.85% | 6.80% | 3.87% |
UCO ProShares Ultra Bloomberg Crude Oil | 139.34% | -29.75% | -14.78% |
Correlation
The correlation between EVSD and UCO is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | -0.30 |
The correlation between EVSD and UCO shifts across timeframes, from -0.40 (1 year) to -0.30 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EVSD vs. UCO — Risk / Return Rank
EVSD
UCO
EVSD vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) and ProShares Ultra Bloomberg Crude Oil (UCO). 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 | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.31 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 3.34 | +0.41 |
| Martin ratioReturn relative to average drawdown | 15.79 | 6.32 | +9.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EVSD | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.03 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.05 | -0.34 | +3.39 |
Drawdowns
EVSD vs. UCO - Drawdown Comparison
The maximum EVSD drawdown since its inception was -1.26%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for EVSD and UCO.
Loading charts...
Drawdown Indicators
| EVSD | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.26% | -99.95% | +98.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -34.77% | +33.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.75% | — |
Current DrawdownCurrent decline from peak | -0.10% | -99.26% | +99.16% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -85.49% | +85.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 18.34% | -18.04% |
Volatility
EVSD vs. UCO - Volatility Comparison
The current volatility for Eaton Vance Short Duration Income ETF (EVSD) is 0.47%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.99%. This indicates that EVSD experiences smaller price fluctuations and is considered to be less risky than UCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EVSD | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 20.99% | -20.52% |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | 46.57% | -45.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 57.26% | -55.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 59.81% | -57.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.94% | 71.35% | -69.41% |
EVSD vs. UCO - Expense Ratio Comparison
EVSD has a 0.24% expense ratio, which is lower than UCO's 0.95% expense ratio.
Dividends
EVSD vs. UCO - Dividend Comparison
EVSD's dividend yield for the trailing twelve months is around 4.61%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 4.61% | 4.64% | 2.91% |
UCO ProShares Ultra Bloomberg Crude Oil | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EVSD and UCO have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCO has higher volatility (20.99%) compared to EVSD (0.47%). In terms of maximum drawdown, EVSD dropped -1.26% vs UCO's -99.95%.
On 1-year performance, UCO leads with 115.57% vs 4.72% 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.
Over the 1-year period, UCO has performed better with a 115.57% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVSD is cheaper with a 0.24% expense ratio, compared with 0.95% for UCO.
EVSD has the higher dividend yield at 4.61%, compared with 0.00% for UCO.
EVSD is categorized as Short-Term Bond, while UCO is Leveraged Commodities. They also come from different issuers: Eaton Vance and ProShares. Their fees differ too: 0.24% for EVSD and 0.95% for UCO.
EVSD currently has the higher Sharpe Ratio (3.10 vs 2.03), 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.
Find the right allocation for EVSD and UCO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer