UX vs. CVSB
UX (Roundhill Uranium ETF) and CVSB (Calvert Ultra-Short Investment Grade ETF) are both exchange-traded funds - UX is a Uranium fund actively managed by Roundhill, while CVSB is a Ultrashort Bond fund actively managed by Calvert. Both are actively managed. Over the past year, UX returned -0.88% vs 4.31% for CVSB. At a correlation of -0.04, they often move in opposite directions. UX charges 0.75%/yr vs 0.24%/yr for CVSB.
Performance
UX vs. CVSB - Performance Comparison
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Returns By Period
In the year-to-date period, UX achieves a -5.87% return, which is significantly lower than CVSB's 1.62% return.
UX
- 1D
- -0.14%
- 1M
- -4.39%
- YTD
- -5.87%
- 6M
- -5.85%
- 1Y
- -0.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVSB
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.62%
- 6M
- 1.91%
- 1Y
- 4.31%
- 3Y*
- 5.48%
- 5Y*
- —
- 10Y*
- —
UX vs. CVSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UX Roundhill Uranium ETF | -5.87% | 18.96% |
CVSB Calvert Ultra-Short Investment Grade ETF | 1.62% | 4.67% |
Correlation
The correlation between UX and CVSB is -0.03, 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2025 | -0.04 |
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Return for Risk
UX vs. CVSB — Risk / Return Rank
UX
CVSB
UX vs. CVSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Uranium ETF (UX) and Calvert Ultra-Short Investment Grade ETF (CVSB). 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.
| UX | CVSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.23 | ||
| Sortino ratioReturn per unit of downside risk | -8.75 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 2.42 | -1.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 19.12 | -19.16 |
| Martin ratioReturn relative to average drawdown | -0.07 | 79.40 | -79.47 |
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Drawdowns
UX vs. CVSB - Drawdown Comparison
The maximum UX drawdown since its inception was -24.92%, which is greater than CVSB's maximum drawdown of -0.63%. Use the drawdown chart below to compare losses from any high point for UX and CVSB.
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Drawdown Indicators
| UX | CVSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -0.63% | -24.29% |
Max Drawdown (1Y)Largest decline over 1 year | -24.92% | -0.23% | -24.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.63% | — |
Current DrawdownCurrent decline from peak | -23.84% | -0.00% | -23.84% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -0.05% | -10.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.97% | 0.05% | +12.92% |
Volatility
UX vs. CVSB - Volatility Comparison
Roundhill Uranium ETF (UX) has a higher volatility of 7.95% compared to Calvert Ultra-Short Investment Grade ETF (CVSB) at 0.18%. This indicates that UX's price experiences larger fluctuations and is considered to be riskier than CVSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UX | CVSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 0.18% | +7.77% |
Volatility (6M)Calculated over the trailing 6-month period | 24.25% | 0.53% | +23.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.10% | 0.83% | +33.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.99% | 1.31% | +34.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.99% | 1.31% | +34.68% |
UX vs. CVSB - Expense Ratio Comparison
UX has a 0.75% expense ratio, which is higher than CVSB's 0.24% expense ratio.
Dividends
UX vs. CVSB - Dividend Comparison
UX's dividend yield for the trailing twelve months is around 1.57%, less than CVSB's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CVSB Calvert Ultra-Short Investment Grade ETF | 4.37% | 4.72% | 5.13% | 4.95% |
UX Roundhill Uranium ETF | 1.57% | 1.48% | 0.00% | 0.00% |
Frequently Asked Questions
UX and CVSB have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UX has higher volatility (7.95%) compared to CVSB (0.18%). In terms of maximum drawdown, UX dropped -24.92% vs CVSB's -0.63%.
On 1-year performance, CVSB leads with 4.31% vs -0.88% for UX. On fees, CVSB is cheaper at 0.24% per year. On volatility, CVSB has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CVSB has performed better with a 4.31% return vs -0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CVSB is cheaper with a 0.24% expense ratio, compared with 0.75% for UX.
CVSB has the higher dividend yield at 4.37%, compared with 1.57% for UX.
UX is categorized as Uranium, while CVSB is Ultrashort Bond. They also come from different issuers: Roundhill and Calvert. Their fees differ too: 0.75% for UX and 0.24% for CVSB.
CVSB currently has the higher Sharpe Ratio (5.20 vs -0.03), 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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