TOLZ vs. EVSB

Last updated Jun 4, 2026

TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) and EVSB (Eaton Vance Ultra-Short Income ETF) are both exchange-traded funds - TOLZ is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index, while EVSB is a Ultrashort Bond fund actively managed by Eaton Vance. TOLZ is passively managed, while EVSB is actively managed. Over the past year, TOLZ returned 13.97% vs 4.71% for EVSB. At a 0.14 correlation, their price movements are largely independent. TOLZ charges 0.46%/yr vs 0.17%/yr for EVSB.

Performance

TOLZ vs. EVSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and Eaton Vance Ultra-Short Income ETF (EVSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOLZ achieves a 11.31% return, which is significantly higher than EVSB's 1.66% return.

TOLZ

• 1D: -0.10%
• 1M: -1.82%
• YTD: 11.31%
• 6M: 11.51%
• 1Y: 13.97%
• 3Y*: 14.17%
• 5Y*: 8.46%
• 10Y*: 7.75%

EVSB

• 1D: -0.01%
• 1M: 0.40%
• YTD: 1.66%
• 6M: 2.00%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TOLZ vs. EVSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	11.31%	14.76%	11.67%	12.29%
EVSB Eaton Vance Ultra-Short Income ETF	1.66%	5.12%	6.04%	1.84%

Correlation

The correlation between TOLZ and EVSB is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	0.14

The correlation between TOLZ and EVSB shifts across timeframes, from -0.09 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

TOLZ vs. EVSB - Sectors Allocation Comparison

Sectors	TOLZ	EVSB
Energy	35.4%	-
Utilities	22.2%	-
Real Estate	8.0%	-
Industrials	5.2%	-
Consumer Defensive	4.5%	-
Financial Services	2.0%	0.3%
Consumer Cyclical	0.8%	-
Technology	0.4%	-
Basic Materials	-	-
Communication Services	-	-
Healthcare	-	-

Return for Risk

TOLZ vs. EVSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TOLZ

TOLZ Risk / Return Rank: 43
TOLZ Sharpe Ratio Rank: 38
TOLZ Sortino Ratio Rank: 38
TOLZ Omega Ratio Rank: 35
TOLZ Calmar Ratio Rank: 55
TOLZ Martin Ratio Rank: 49

EVSB

EVSB Risk / Return Rank: 99
EVSB Sharpe Ratio Rank: 98
EVSB Sortino Ratio Rank: 99
EVSB Omega Ratio Rank: 99
EVSB Calmar Ratio Rank: 98
EVSB Martin Ratio Rank: 99

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.

TOLZ vs. EVSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and Eaton Vance Ultra-Short Income ETF (EVSB). 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.

	TOLZ	EVSB	Difference
Sharpe ratio: Return per unit of total volatility	1.36	6.11	-4.75
Sortino ratio: Return per unit of downside risk	1.99	10.72	-8.73
Omega ratio: Gain probability vs. loss probability	1.23	2.76	-1.52
Calmar ratio: Return relative to maximum drawdown	2.71	18.60	-15.89
Martin ratio: Return relative to average drawdown	8.20	109.03	-100.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOLZ vs. EVSB - Sharpe Ratio Comparison

The current TOLZ Sharpe Ratio is 1.36, which is lower than the EVSB Sharpe Ratio of 6.11. The chart below compares the historical Sharpe Ratios of TOLZ and EVSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TOLZ	EVSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	6.11	-4.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	6.94	-6.53

Drawdowns

TOLZ vs. EVSB - Drawdown Comparison

The maximum TOLZ drawdown since its inception was -39.33%, which is greater than EVSB's maximum drawdown of -0.31%. Use the drawdown chart below to compare losses from any high point for TOLZ and EVSB.

Drawdown Indicators

	TOLZ	EVSB	Difference
Max Drawdown Largest peak-to-trough decline	-39.33%	-0.31%	-39.02%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-0.25%	-4.93%
Max Drawdown (3Y) Largest decline over 3 years	-11.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.33%	—	—
Current Drawdown Current decline from peak	-3.13%	-0.05%	-3.08%
Average Drawdown Average peak-to-trough decline	-6.63%	-0.02%	-6.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	0.04%	+1.67%

Volatility

TOLZ vs. EVSB - Volatility Comparison

ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) has a higher volatility of 3.37% compared to Eaton Vance Ultra-Short Income ETF (EVSB) at 0.19%. This indicates that TOLZ's price experiences larger fluctuations and is considered to be riskier than EVSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOLZ	EVSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	0.19%	+3.18%
Volatility (6M) Calculated over the trailing 6-month period	8.20%	0.51%	+7.69%
Volatility (1Y) Calculated over the trailing 1-year period	10.29%	0.77%	+9.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	0.82%	+13.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	0.82%	+15.47%

TOLZ vs. EVSB - Expense Ratio Comparison

TOLZ has a 0.46% expense ratio, which is higher than EVSB's 0.17% expense ratio.

Dividends

TOLZ vs. EVSB - Dividend Comparison

TOLZ's dividend yield for the trailing twelve months is around 3.66%, less than EVSB's 4.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVSB Eaton Vance Ultra-Short Income ETF	4.63%	4.63%	5.18%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	3.66%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both TOLZ and EVSB in my portfolio?

TOLZ and EVSB have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOLZ or EVSB?

TOLZ has higher volatility (3.37%) compared to EVSB (0.19%). In terms of maximum drawdown, TOLZ dropped -39.33% vs EVSB's -0.31%.

Which ETF is better, TOLZ or EVSB?

On 1-year performance, TOLZ leads with 13.97% vs 4.71% for EVSB. On fees, EVSB is cheaper at 0.17% per year. On volatility, EVSB has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOLZ or EVSB?

Over the 1-year period, TOLZ has performed better with a 13.97% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOLZ or EVSB?

EVSB is cheaper with a 0.17% expense ratio, compared with 0.46% for TOLZ.

Which ETF pays a higher dividend yield, TOLZ or EVSB?

EVSB has the higher dividend yield at 4.63%, compared with 3.66% for TOLZ.

What is the main difference between TOLZ and EVSB?

TOLZ is categorized as Industrials Equities, while EVSB is Ultrashort Bond. They also come from different issuers: ProShares and Eaton Vance. Their fees differ too: 0.46% for TOLZ and 0.17% for EVSB.

Which has better risk-adjusted returns?

EVSB currently has the higher Sharpe Ratio (6.11 vs 1.36), 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.