USE vs. EVSD

Last updated Aug 4, 2026

USE (USCF Energy Commodity Strategy Absolute Return Fund) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - USE is a Commodities fund actively managed by USCF, while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, USE returned 11.10% vs 3.62% for EVSD. Their -0.26 correlation means they have often moved in opposite directions in the past. USE charges 0.79%/yr vs 0.24%/yr for EVSD.

Performance

USE vs. EVSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Energy Commodity Strategy Absolute Return Fund (USE) and Eaton Vance Short Duration Income ETF (EVSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USE achieves a 36.22% return, which is significantly higher than EVSD's 1.14% return.

USE

• 1D: -3.71%
• 1M: 21.36%
• 6M: 44.67%
• YTD: 36.22%
• 1Y: 11.10%
• 3Y*: 9.33%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.60%

EVSD

• 1D: 0.06%
• 1M: 0.01%
• 6M: 0.78%
• YTD: 1.14%
• 1Y: 3.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVSD Eaton Vance Short Duration Income ETF	$6.74M	$6.36M	$6.92M
USE USCF Energy Commodity Strategy Absolute Return Fund	$689.79K	$334.22K	$152.34K

USE vs. EVSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USE USCF Energy Commodity Strategy Absolute Return Fund	36.22%	-14.97%	1.69%
EVSD Eaton Vance Short Duration Income ETF	1.14%	6.80%	3.86%

Correlation

The correlation between USE and EVSD is -0.40, 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.	-0.40
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024	-0.26

The correlation between USE and EVSD shifts across timeframes, from -0.40 (1 year) to -0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

USE vs. EVSD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USE

USE Risk / Return Rank: 18
USE Sharpe Ratio Rank: 17
USE Sortino Ratio Rank: 20
USE Omega Ratio Rank: 19
USE Calmar Ratio Rank: 17
USE Martin Ratio Rank: 16

EVSD

EVSD Risk / Return Rank: 87
EVSD Sharpe Ratio Rank: 91
EVSD Sortino Ratio Rank: 92
EVSD Omega Ratio Rank: 92
EVSD Calmar Ratio Rank: 78
EVSD Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USE vs. EVSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Energy Commodity Strategy Absolute Return Fund (USE) 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.

	USE	EVSD	Difference
Sharpe ratio: Return per unit of total volatility	0.32	2.38	-2.06
Sortino ratio: Return per unit of downside risk	0.71	3.51	-2.80
Omega ratio: Gain probability vs. loss probability	1.08	1.47	-0.38
Calmar ratio: Return relative to maximum drawdown	0.40	2.88	-2.49
Martin ratio: Return relative to average drawdown	0.74	11.76	-11.02

USE vs. EVSD - Sharpe Ratio Comparison

The current USE Sharpe Ratio is 0.32, which is lower than the EVSD Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of USE and EVSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USE vs. EVSD - Drawdown Comparison

The maximum USE drawdown since its inception was -28.17%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for USE and EVSD.

Drawdown Indicators

	USE	EVSD	Difference
Max Drawdown Largest peak-to-trough decline	-28.17%	-1.26%	-26.91%
Max Drawdown (1Y) Largest decline over 1 year	-28.17%	-1.26%	-26.91%
Max Drawdown (3Y) Largest decline over 3 years	-28.17%	—	—
Current Drawdown Current decline from peak	-12.46%	-0.06%	-12.40%
Average Drawdown Average peak-to-trough decline	-8.40%	-0.19%	-8.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.94%	0.31%	+14.63%

Volatility

USE vs. EVSD - Volatility Comparison

USCF Energy Commodity Strategy Absolute Return Fund (USE) has a higher volatility of 15.88% compared to Eaton Vance Short Duration Income ETF (EVSD) at 0.49%. This indicates that USE'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.

Volatility by Period

	USE	EVSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.88%	0.49%	+15.39%
Volatility (6M) Calculated over the trailing 6-month period	31.16%	1.30%	+29.86%
Volatility (1Y) Calculated over the trailing 1-year period	35.00%	1.53%	+33.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.60%	1.93%	+26.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.60%	1.93%	+26.67%

USE vs. EVSD - Expense Ratio Comparison

USE has a 0.79% expense ratio, which is higher than EVSD's 0.24% expense ratio.

Dividends

USE vs. EVSD - Dividend Comparison

USE's dividend yield for the trailing twelve months is around 2.25%, less than EVSD's 4.63% yield.

Position	TTM	2025	2024	2023
EVSD Eaton Vance Short Duration Income ETF	4.63%	4.64%	2.91%	0.00%
USE USCF Energy Commodity Strategy Absolute Return Fund	2.25%	3.06%	38.65%	4.83%

Frequently Asked Questions

Can I hold both USE and EVSD in my portfolio?

USE and EVSD have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USE or EVSD?

USE has higher volatility (15.88%) compared to EVSD (0.49%). In terms of maximum drawdown, USE dropped -28.17% vs EVSD's -1.26%.

Which ETF is better, USE or EVSD?

On 1-year performance, USE leads with 11.10% vs 3.62% for EVSD. On fees, EVSD is cheaper at 0.24% per year. On volatility, EVSD has been the lower-risk option at 0.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USE or EVSD?

Over the 1-year period, USE has performed better with a 11.10% return vs 3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USE or EVSD?

EVSD is cheaper with a 0.24% expense ratio, compared with 0.79% for USE.

Which ETF pays a higher dividend yield, USE or EVSD?

EVSD has the higher dividend yield at 4.63%, compared with 2.25% for USE.

What is the main difference between USE and EVSD?

USE is categorized as Commodities, while EVSD is Short-Term Bond. They also come from different issuers: USCF and Eaton Vance. Their fees differ too: 0.79% for USE and 0.24% for EVSD.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (2.38 vs 0.32), 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.