RAVI vs. EVSD
RAVI (FlexShares Ultra-Short Income ETF) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - RAVI is a Ultrashort Bond fund actively managed by FlexShares, while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, RAVI returned 4.45% vs 4.72% for EVSD. At a 0.46 correlation, their price movements are largely independent. RAVI charges 0.25%/yr vs 0.24%/yr for EVSD.
Performance
RAVI vs. EVSD - Performance Comparison
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Returns By Period
In the year-to-date period, RAVI achieves a 1.52% return, which is significantly higher than EVSD's 0.85% return.
RAVI
- 1D
- -0.00%
- 1M
- 0.35%
- YTD
- 1.52%
- 6M
- 1.92%
- 1Y
- 4.45%
- 3Y*
- 5.20%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
EVSD
- 1D
- 0.08%
- 1M
- 0.34%
- YTD
- 0.85%
- 6M
- 1.28%
- 1Y
- 4.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAVI vs. EVSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 1.52% | 4.98% | 2.92% |
EVSD Eaton Vance Short Duration Income ETF | 0.85% | 6.80% | 3.87% |
Correlation
The correlation between RAVI and EVSD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.46 |
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Return for Risk
RAVI vs. EVSD — Risk / Return Rank
RAVI
EVSD
RAVI vs. EVSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ultra-Short Income ETF (RAVI) and Eaton Vance Short Duration Income ETF (EVSD). 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.
| RAVI | EVSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.80 | ||
| Sortino ratioReturn per unit of downside risk | +18.47 | ||
| Omega ratioGain probability vs. loss probability | 5.33 | 1.65 | +3.67 |
| Calmar ratioReturn relative to maximum drawdown | 38.26 | 3.76 | +34.50 |
| Martin ratioReturn relative to average drawdown | 229.11 | 15.79 | +213.32 |
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
| RAVI | EVSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.91 | 3.10 | +7.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 3.05 | -1.02 |
Drawdowns
RAVI vs. EVSD - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for RAVI and EVSD.
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Drawdown Indicators
| RAVI | EVSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -1.26% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -1.26% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -3.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.72% | — | — |
Current DrawdownCurrent decline from peak | -0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.19% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.30% | -0.28% |
Volatility
RAVI vs. EVSD - Volatility Comparison
The current volatility for FlexShares Ultra-Short Income ETF (RAVI) is 0.15%, while Eaton Vance Short Duration Income ETF (EVSD) has a volatility of 0.47%. This indicates that RAVI experiences smaller price fluctuations and is considered to be less risky than EVSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAVI | EVSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.47% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 1.14% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 1.54% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 1.94% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 1.94% | -0.66% |
RAVI vs. EVSD - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is higher than EVSD's 0.24% 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
RAVI vs. EVSD - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 4.38%, less than EVSD's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 4.61% | 4.64% | 2.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 4.38% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Frequently Asked Questions
RAVI and EVSD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVSD has higher volatility (0.47%) compared to RAVI (0.15%). In terms of maximum drawdown, RAVI dropped -3.72% vs EVSD's -1.26%.
On 1-year performance, EVSD leads with 4.72% vs 4.45% for RAVI. On fees, EVSD is cheaper at 0.24% per year. On volatility, RAVI has been the lower-risk option at 0.15%. 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 4.72% return vs 4.45%. 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 0.25% for RAVI.
EVSD has the higher dividend yield at 4.61%, compared with 4.38% for RAVI.
RAVI is categorized as Ultrashort Bond, while EVSD is Short-Term Bond. They also come from different issuers: FlexShares and Eaton Vance. Their fees differ too: 0.25% for RAVI and 0.24% for EVSD.
RAVI currently has the higher Sharpe Ratio (10.90 vs 3.10), 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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