VMFXX vs. EVSD
VMFXX (Vanguard Federal Money Market Fund) and EVSD (Eaton Vance Short Duration Income ETF) are both funds - VMFXX is a Money Market fund managed by Vanguard, while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. Over the past year, VMFXX returned 3.95% vs 4.77% for EVSD. At a 0.09 correlation, their price movements are largely independent. VMFXX charges 0.11%/yr vs 0.24%/yr for EVSD.
Performance
VMFXX vs. EVSD - Performance Comparison
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Returns By Period
In the year-to-date period, VMFXX achieves a 1.50% return, which is significantly higher than EVSD's 0.91% return.
VMFXX
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.50%
- 6M
- 1.82%
- 1Y
- 3.95%
- 3Y*
- 3.35%
- 5Y*
- 2.39%
- 10Y*
- —
EVSD
- 1D
- -0.03%
- 1M
- 0.36%
- YTD
- 0.91%
- 6M
- 1.33%
- 1Y
- 4.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VMFXX vs. EVSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VMFXX Vanguard Federal Money Market Fund | 1.50% | 4.24% | 1.19% |
EVSD Eaton Vance Short Duration Income ETF | 0.91% | 6.80% | 3.86% |
Correlation
The correlation between VMFXX and EVSD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024 | 0.09 |
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Return for Risk
VMFXX vs. EVSD — Risk / Return Rank
VMFXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVSD
VMFXX vs. EVSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Federal Money Market Fund (VMFXX) 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.
| VMFXX | EVSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.65 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.72 | — |
| Martin ratioReturn relative to average drawdown | — | 15.56 | — |
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Drawdowns
VMFXX vs. EVSD - Drawdown Comparison
The maximum VMFXX drawdown since its inception was 0.00%, smaller than the maximum EVSD drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for VMFXX and EVSD.
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Drawdown Indicators
| VMFXX | EVSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -1.26% | +1.26% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -1.26% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.19% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.30% | -0.30% |
Volatility
VMFXX vs. EVSD - Volatility Comparison
The current volatility for Vanguard Federal Money Market Fund (VMFXX) is 0.30%, while Eaton Vance Short Duration Income ETF (EVSD) has a volatility of 0.55%. This indicates that VMFXX 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
| VMFXX | EVSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.55% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 1.18% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.12% | 1.54% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.94% | 1.94% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.94% | 1.94% | -1.00% |
VMFXX vs. EVSD - Expense Ratio Comparison
VMFXX has a 0.11% expense ratio, which is lower than EVSD's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VMFXX vs. EVSD - Dividend Comparison
VMFXX's dividend yield for the trailing twelve months is around 3.87%, less than EVSD's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 4.61% | 4.64% | 2.91% | 0.00% |
VMFXX Vanguard Federal Money Market Fund | 3.87% | 4.14% | 1.63% | 4.53% |
Frequently Asked Questions
VMFXX and EVSD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVSD has higher volatility (0.55%) compared to VMFXX (0.30%). In terms of maximum drawdown, VMFXX dropped 0.00% vs EVSD's -1.26%.
VMFXX currently has the higher Sharpe Ratio (3.67 vs 3.05), 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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