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EVV vs. TSDLX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EVV vs. TSDLX

Last updated Jun 25, 2026

EVV (Eaton Vance Limited Duration Income Fund) and TSDLX (T. Rowe Price Short Duration Income Fund) are both Short-Term Bond funds. Over the past 5 years, EVV returned 2.68%/yr vs 4.45%/yr for TSDLX. At a 0.20 correlation, their price movements are largely independent. EVV charges 0.04%/yr vs 0.40%/yr for TSDLX.

Performance

EVV vs. TSDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Limited Duration Income Fund (EVV) and T. Rowe Price Short Duration Income Fund (TSDLX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EVV achieves a -2.78% return, which is significantly lower than TSDLX's 0.69% return.

EVV

1D
0.00%
1M
-0.10%
YTD
-2.78%
6M
-2.97%
1Y
-0.26%
3Y*
9.90%
5Y*
2.68%
10Y*
5.39%

TSDLX

1D
0.11%
1M
0.29%
YTD
0.69%
6M
1.21%
1Y
4.13%
3Y*
8.64%
5Y*
4.45%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EVV vs. TSDLX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
EVV
Eaton Vance Limited Duration Income Fund		-2.78%10.72%12.22%13.33%-19.94%14.66%1.45%
TSDLX
T. Rowe Price Short Duration Income Fund		0.69%7.65%10.89%9.91%-5.69%0.77%0.10%

Correlation

The correlation between EVV and TSDLX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2020

0.20

Compare stocks, funds, or ETFs

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Eaton Vance Limited Duration Income Fund

T. Rowe Price Short Duration Income Fund

Often compared with EVV:
EVV vs. FRAEVV vs. MCAD.TOEVV vs. EHSTXEVV vs. TNSHXEVV vs. VISTXEVV vs. DFAIXEVV vs. DHEIX
Often compared with TSDLX:
TSDLX vs. DHEIXTSDLX vs. MYFRXTSDLX vs. LQDHTSDLX vs. JAAATSDLX vs. STBFXTSDLX vs. DHEAXTSDLX vs. TRBUX

Return for Risk

EVV vs. TSDLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EVV
EVV Risk / Return Rank: 33
Overall Rank
EVV Sharpe Ratio Rank: 33
Sharpe Ratio Rank
EVV Sortino Ratio Rank: 33
Sortino Ratio Rank
EVV Omega Ratio Rank: 33
Omega Ratio Rank
EVV Calmar Ratio Rank: 33
Calmar Ratio Rank
EVV Martin Ratio Rank: 33
Martin Ratio Rank
TSDLX
TSDLX Risk / Return Rank: 8787
Overall Rank
TSDLX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
TSDLX Sortino Ratio Rank: 9595
Sortino Ratio Rank
TSDLX Omega Ratio Rank: 9393
Omega Ratio Rank
TSDLX Calmar Ratio Rank: 8282
Calmar Ratio Rank
TSDLX Martin Ratio Rank: 8585
Martin Ratio Rank
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.

EVV vs. TSDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Limited Duration Income Fund (EVV) and T. Rowe Price Short Duration Income Fund (TSDLX). 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.

EVVTSDLXDifference
Sharpe ratioReturn per unit of total volatility
-0.03
2.40

-2.43

Sortino ratioReturn per unit of downside risk
0.02
4.66

-4.64

Omega ratioGain probability vs. loss probability

1.00

1.66

-0.66

Calmar ratioReturn relative to maximum drawdown

-0.03

3.48

-3.51

Martin ratioReturn relative to average drawdown

-0.09

14.49

-14.58

EVV vs. TSDLX - Sharpe Ratio Comparison

The current EVV Sharpe Ratio is -0.03, which is lower than the TSDLX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of EVV and TSDLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EVV vs. TSDLX - Drawdown Comparison

The maximum EVV drawdown since its inception was -51.37%, which is greater than TSDLX's maximum drawdown of -7.86%. Use the drawdown chart below to compare losses from any high point for EVV and TSDLX.

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Drawdown Indicators

EVVTSDLXDifference

Max Drawdown

Largest peak-to-trough decline

-51.37%

-7.86%

-43.51%

Max Drawdown (1Y)

Largest decline over 1 year

-8.65%

-1.26%

-7.39%

Max Drawdown (3Y)

Largest decline over 3 years

-9.53%

-1.26%

-8.27%

Max Drawdown (5Y)

Largest decline over 5 years

-25.91%

-7.86%

-18.05%

Max Drawdown (10Y)

Largest decline over 10 years

-40.42%

—

—

Current Drawdown

Current decline from peak

-4.58%

-0.32%

-4.26%

Average Drawdown

Average peak-to-trough decline

-6.30%

-1.50%

-4.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

0.30%

+2.50%

Volatility

EVV vs. TSDLX - Volatility Comparison

Eaton Vance Limited Duration Income Fund (EVV) has a higher volatility of 1.80% compared to T. Rowe Price Short Duration Income Fund (TSDLX) at 0.58%. This indicates that EVV's price experiences larger fluctuations and is considered to be riskier than TSDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EVVTSDLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.80%

0.58%

+1.22%

Volatility (6M)

Calculated over the trailing 6-month period

7.18%

1.32%

+5.86%

Volatility (1Y)

Calculated over the trailing 1-year period

9.10%

1.83%

+7.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.57%

2.45%

+10.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.42%

2.33%

+13.09%

EVV vs. TSDLX - Expense Ratio Comparison

EVV has a 0.04% expense ratio, which is lower than TSDLX's 0.40% expense ratio.

Dividends

EVV vs. TSDLX - Dividend Comparison

EVV's dividend yield for the trailing twelve months is around 9.47%, more than TSDLX's 4.71% yield.

PositionTTM20252024202320222021202020192018201720162015
EVV
Eaton Vance Limited Duration Income Fund		9.47%8.86%9.78%10.43%12.78%9.16%9.58%6.42%8.44%7.22%8.46%9.56%
TSDLX
T. Rowe Price Short Duration Income Fund		4.71%6.06%9.64%7.72%1.82%1.69%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EVV and TSDLX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EVV has higher volatility (1.80%) compared to TSDLX (0.58%). In terms of maximum drawdown, EVV dropped -51.37% vs TSDLX's -7.86%.

TSDLX currently has the higher Sharpe Ratio (2.40 vs -0.03), 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.

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