TBX vs. EVSD
TBX (ProShares Short 7-10 Year Treasury) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - TBX is a Inverse Bonds fund tracking the ICE BofA US Treasury (7-10 Y) (-100%), while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. TBX is passively managed, while EVSD is actively managed. Over the past year, TBX returned 5.30% vs 3.56% for EVSD. Their -0.74 correlation means they have often moved in opposite directions in the past. TBX charges 0.95%/yr vs 0.24%/yr for EVSD.
Performance
TBX vs. EVSD - Performance Comparison
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Returns By Period
In the year-to-date period, TBX achieves a 4.71% return, which is significantly higher than EVSD's 1.08% return.
TBX
- 1D
- 0.17%
- 1M
- 1.73%
- 6M
- 4.03%
- YTD
- 4.71%
- 1Y
- 5.30%
- 3Y*
- 4.21%
- 5Y*
- 6.92%
- 10Y*
- 2.33%
- ALL TIME*
- -1.00%
EVSD
- 1D
- -0.04%
- 1M
- -0.05%
- 6M
- 0.67%
- YTD
- 1.08%
- 1Y
- 3.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.64M | $6.21M | $7.07M | |
| $818.03K | $918.65K | $792.72K |
TBX vs. EVSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 4.71% | -1.15% | 4.39% |
EVSD Eaton Vance Short Duration Income ETF | 1.08% | 6.80% | 3.86% |
Correlation
The correlation between TBX and EVSD is -0.87, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024 | -0.74 |
The correlation between TBX and EVSD shifts across timeframes, from -0.87 (1 year) to -0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TBX vs. EVSD — Risk / Return Rank
TBX
EVSD
TBX vs. EVSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) 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.
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.
| TBX | EVSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.51 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.19 | -1.31 |
| Martin ratioReturn relative to average drawdown | 4.19 | 13.00 | -8.82 |
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Drawdowns
TBX vs. EVSD - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for TBX and EVSD.
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Drawdown Indicators
| TBX | EVSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.04% | -1.26% | -39.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -1.26% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -7.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.46% | — | — |
Current DrawdownCurrent decline from peak | -15.77% | -0.12% | -15.65% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -0.19% | -26.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.31% | +0.81% |
Volatility
TBX vs. EVSD - Volatility Comparison
ProShares Short 7-10 Year Treasury (TBX) has a higher volatility of 1.27% compared to Eaton Vance Short Duration Income ETF (EVSD) at 0.50%. This indicates that TBX's price experiences larger fluctuations and is considered to be riskier 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
| TBX | EVSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.50% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 1.30% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.69% | 1.59% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.42% | 1.93% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.11% | 1.93% | +5.18% |
TBX vs. EVSD - Expense Ratio Comparison
TBX has a 0.95% expense ratio, which is higher than EVSD's 0.24% expense ratio.
Dividends
TBX vs. EVSD - Dividend Comparison
TBX's dividend yield for the trailing twelve months is around 2.84%, less than EVSD's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 4.63% | 4.64% | 2.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBX ProShares Short 7-10 Year Treasury | 2.84% | 3.45% | 6.58% | 4.07% | 0.40% | 0.00% | 0.10% | 1.53% | 0.72% |
Frequently Asked Questions
TBX and EVSD have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBX has higher volatility (1.27%) compared to EVSD (0.50%). In terms of maximum drawdown, TBX dropped -41.04% vs EVSD's -1.26%.
On 1-year performance, TBX leads with 5.30% vs 3.56% for EVSD. On fees, EVSD is cheaper at 0.24% per year. On volatility, EVSD has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TBX has performed better with a 5.30% return vs 3.56%. 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 0.95% for TBX.
EVSD has the higher dividend yield at 4.63%, compared with 2.84% for TBX.
TBX is categorized as Inverse Bonds, while EVSD is Short-Term Bond. They also come from different issuers: ProShares and Eaton Vance. Their fees differ too: 0.95% for TBX and 0.24% for EVSD.
EVSD currently has the higher Sharpe Ratio (2.54 vs 0.89), 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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