EVV vs. VSMIX
Compare and contrast key facts about Eaton Vance Limited Duration Income Fund (EVV) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX).
EVV is managed by Eaton Vance. It was launched on May 30, 2003. VSMIX is managed by Vanguard. It was launched on Oct 29, 1982.
Performance
EVV vs. VSMIX - Performance Comparison
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EVV vs. VSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVV Eaton Vance Limited Duration Income Fund | -3.01% | 10.72% | 12.22% | 13.33% | -19.94% | 14.66% | 4.67% | 18.91% | -5.53% | 6.77% |
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 9.86% | 18.01% | 24.82% | 23.14% | 4.58% | 36.67% | 11.14% | 32.32% | -25.45% | 18.47% |
Returns By Period
In the year-to-date period, EVV achieves a -3.01% return, which is significantly lower than VSMIX's 9.86% return. Over the past 10 years, EVV has underperformed VSMIX with an annualized return of 5.71%, while VSMIX has yielded a comparatively higher 15.92% annualized return.
EVV
- 1D
- -0.53%
- 1M
- -3.05%
- YTD
- -3.01%
- 6M
- -3.86%
- 1Y
- 2.23%
- 3Y*
- 8.12%
- 5Y*
- 3.90%
- 10Y*
- 5.71%
VSMIX
- 1D
- 3.04%
- 1M
- -8.70%
- YTD
- 9.86%
- 6M
- 16.33%
- 1Y
- 37.85%
- 3Y*
- 25.93%
- 5Y*
- 17.87%
- 10Y*
- 15.92%
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EVV vs. VSMIX - Expense Ratio Comparison
EVV has a 0.04% expense ratio, which is lower than VSMIX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
EVV vs. VSMIX — Risk / Return Rank
EVV
VSMIX
EVV vs. VSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Limited Duration Income Fund (EVV) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX). 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.
| EVV | VSMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 1.47 | -1.27 |
Sortino ratioReturn per unit of downside risk | 0.34 | 2.00 | -1.66 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.29 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.33 | 2.04 | -1.71 |
Martin ratioReturn relative to average drawdown | 1.21 | 7.86 | -6.64 |
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
| EVV | VSMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 1.47 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.78 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.60 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.45 | -0.12 |
Correlation
The correlation between EVV and VSMIX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EVV vs. VSMIX - Dividend Comparison
EVV's dividend yield for the trailing twelve months is around 9.33%, more than VSMIX's 7.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVV Eaton Vance Limited Duration Income Fund | 9.33% | 8.86% | 9.78% | 10.43% | 12.78% | 9.16% | 9.58% | 6.42% | 8.44% | 7.22% | 8.46% | 9.56% |
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 7.77% | 8.53% | 7.40% | 4.71% | 9.53% | 15.84% | 0.40% | 2.37% | 26.83% | 15.94% | 1.65% | 10.91% |
Drawdowns
EVV vs. VSMIX - Drawdown Comparison
The maximum EVV drawdown since its inception was -51.37%, smaller than the maximum VSMIX drawdown of -57.53%. Use the drawdown chart below to compare losses from any high point for EVV and VSMIX.
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Drawdown Indicators
| EVV | VSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.37% | -57.53% | +6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -16.58% | +7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -25.26% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -57.53% | +17.11% |
Current DrawdownCurrent decline from peak | -4.80% | -8.70% | +3.90% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -9.58% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 4.31% | -1.96% |
Volatility
EVV vs. VSMIX - Volatility Comparison
The current volatility for Eaton Vance Limited Duration Income Fund (EVV) is 5.59%, while Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) has a volatility of 8.82%. This indicates that EVV experiences smaller price fluctuations and is considered to be less risky than VSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVV | VSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 8.82% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 16.84% | -9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 25.90% | -14.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 23.17% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.42% | 26.70% | -11.28% |