EVSD vs. VCSH
EVSD (Eaton Vance Short Duration Income ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both exchange-traded funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while VCSH is a Corporate Bonds fund tracking the Barclays Capital U.S. 1-5 Year Corporate Index. EVSD is actively managed, while VCSH is passively managed. Over the past year, EVSD returned 4.84% vs 4.59% for VCSH. Their correlation of 0.82 suggests significant overlap in exposure. EVSD charges 0.24%/yr vs 0.04%/yr for VCSH.
Performance
EVSD vs. VCSH - Performance Comparison
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Returns By Period
In the year-to-date period, EVSD achieves a 0.77% return, which is significantly higher than VCSH's 0.64% return.
EVSD
- 1D
- -0.08%
- 1M
- 0.32%
- YTD
- 0.77%
- 6M
- 1.16%
- 1Y
- 4.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VCSH
- 1D
- -0.08%
- 1M
- 0.20%
- YTD
- 0.64%
- 6M
- 0.95%
- 1Y
- 4.59%
- 3Y*
- 5.52%
- 5Y*
- 2.32%
- 10Y*
- 2.70%
EVSD vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 0.77% | 6.80% | 3.87% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.64% | 6.77% | 3.47% |
Correlation
The correlation between EVSD and VCSH is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.82 |
The correlation between EVSD and VCSH has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
EVSD vs. VCSH — Risk / Return Rank
EVSD
VCSH
EVSD vs. VCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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 | VCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.48 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 3.29 | +0.57 |
| Martin ratioReturn relative to average drawdown | 16.16 | 13.55 | +2.60 |
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
| EVSD | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.16 | 2.45 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.03 | 1.02 | +2.01 |
Drawdowns
EVSD vs. VCSH - Drawdown Comparison
The maximum EVSD drawdown since its inception was -1.26%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for EVSD and VCSH.
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Drawdown Indicators
| EVSD | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.26% | -12.86% | +11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -1.40% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.32% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.97% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.34% | -0.04% |
Volatility
EVSD vs. VCSH - Volatility Comparison
The current volatility for Eaton Vance Short Duration Income ETF (EVSD) is 0.47%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.57%. This indicates that EVSD experiences smaller price fluctuations and is considered to be less risky than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVSD | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.57% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | 1.38% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 1.88% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 2.88% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.94% | 3.35% | -1.41% |
EVSD vs. VCSH - Expense Ratio Comparison
EVSD has a 0.24% expense ratio, which is higher than VCSH's 0.04% 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. VCSH - Dividend Comparison
EVSD's dividend yield for the trailing twelve months is around 4.62%, more than VCSH's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 4.62% | 4.64% | 2.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.45% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Frequently Asked Questions
With a correlation of 0.90, EVSD and VCSH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VCSH has higher volatility (0.57%) compared to EVSD (0.47%). In terms of maximum drawdown, EVSD dropped -1.26% vs VCSH's -12.86%.
On 1-year performance, EVSD leads with 4.84% vs 4.59% for VCSH. On fees, VCSH is cheaper at 0.04% 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, EVSD has performed better with a 4.84% return vs 4.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.24% for EVSD.
EVSD has the higher dividend yield at 4.62%, compared with 4.45% for VCSH.
EVSD is categorized as Short-Term Bond, while VCSH is Corporate Bonds. They also come from different issuers: Eaton Vance and Vanguard. Their fees differ too: 0.24% for EVSD and 0.04% for VCSH.
EVSD currently has the higher Sharpe Ratio (3.16 vs 2.45), 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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