EVSD vs. VMFXX
EVSD (Eaton Vance Short Duration Income ETF) and VMFXX (Vanguard Federal Money Market Fund) are both funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while VMFXX is a Money Market fund managed by Vanguard. Over the past year, EVSD returned 4.77% vs 3.95% for VMFXX. At a 0.09 correlation, their price movements are largely independent. EVSD charges 0.24%/yr vs 0.11%/yr for VMFXX.
Performance
EVSD vs. VMFXX - Performance Comparison
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Returns By Period
In the year-to-date period, EVSD achieves a 0.91% return, which is significantly lower than VMFXX's 1.50% return.
EVSD
- 1D
- -0.03%
- 1M
- 0.36%
- YTD
- 0.91%
- 6M
- 1.33%
- 1Y
- 4.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VMFXX
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.50%
- 6M
- 1.82%
- 1Y
- 3.95%
- 3Y*
- 3.35%
- 5Y*
- 2.39%
- 10Y*
- —
EVSD vs. VMFXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 0.91% | 6.80% | 3.86% |
VMFXX Vanguard Federal Money Market Fund | 1.50% | 4.24% | 1.19% |
Correlation
The correlation between EVSD and VMFXX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024 | 0.09 |
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Return for Risk
EVSD vs. VMFXX — Risk / Return Rank
EVSD
VMFXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVSD vs. VMFXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) and Vanguard Federal Money Market Fund (VMFXX). 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 | VMFXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.65 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | — | — |
| Martin ratioReturn relative to average drawdown | 15.56 | — | — |
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Drawdowns
EVSD vs. VMFXX - Drawdown Comparison
The maximum EVSD drawdown since its inception was -1.26%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EVSD and VMFXX.
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Drawdown Indicators
| EVSD | VMFXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.26% | 0.00% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | 0.00% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | 0.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | 0.00% | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.19% | 0.00% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.00% | +0.30% |
Volatility
EVSD vs. VMFXX - Volatility Comparison
Eaton Vance Short Duration Income ETF (EVSD) has a higher volatility of 0.55% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.30%. This indicates that EVSD's price experiences larger fluctuations and is considered to be riskier than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVSD | VMFXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 0.30% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.18% | 0.79% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 1.12% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 0.94% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.94% | 0.94% | +1.00% |
EVSD vs. VMFXX - Expense Ratio Comparison
EVSD has a 0.24% expense ratio, which is higher than VMFXX's 0.11% 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. VMFXX - Dividend Comparison
EVSD's dividend yield for the trailing twelve months is around 4.61%, more than VMFXX's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 4.61% | 4.64% | 2.91% | 0.00% |
VMFXX Vanguard Federal Money Market Fund | 3.87% | 4.14% | 1.63% | 4.53% |
Frequently Asked Questions
EVSD and VMFXX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVSD has higher volatility (0.55%) compared to VMFXX (0.30%). In terms of maximum drawdown, EVSD dropped -1.26% vs VMFXX's 0.00%.
VMFXX currently has the higher Sharpe Ratio (3.67 vs 3.05), 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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