VRTL vs. EVSB

Last updated Jun 4, 2026

VRTL (GraniteShares 2x Long VRT Daily ETF) and EVSB (Eaton Vance Ultra-Short Income ETF) are both exchange-traded funds - VRTL is a Leveraged Equities fund actively managed by GraniteShares, while EVSB is a Ultrashort Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, VRTL returned 442.54% vs 4.71% for EVSB. At a correlation of -0.15, they often move in opposite directions. VRTL charges 1.50%/yr vs 0.17%/yr for EVSB.

Performance

VRTL vs. EVSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long VRT Daily ETF (VRTL) 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, VRTL achieves a 230.54% return, which is significantly higher than EVSB's 1.66% return.

VRTL

• 1D: -1.32%
• 1M: -3.10%
• YTD: 230.54%
• 6M: 160.92%
• 1Y: 442.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

VRTL vs. EVSB - Yearly Performance Comparison

	2026 (YTD)	2025
VRTL GraniteShares 2x Long VRT Daily ETF	230.54%	108.44%
EVSB Eaton Vance Ultra-Short Income ETF	1.66%	3.86%

Correlation

The correlation between VRTL and EVSB is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025	-0.15

VRTL vs. EVSB - Sectors Allocation Comparison

Sectors	VRTL	EVSB
Industrials	66.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.3%
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

VRTL vs. EVSB — Risk / Return Rank

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

VRTL

VRTL Risk / Return Rank: 87
VRTL Sharpe Ratio Rank: 95
VRTL Sortino Ratio Rank: 78
VRTL Omega Ratio Rank: 73
VRTL Calmar Ratio Rank: 96
VRTL Martin Ratio Rank: 93

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.

VRTL vs. EVSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long VRT Daily ETF (VRTL) 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.

	VRTL	EVSB	Difference
Sharpe ratio: Return per unit of total volatility	3.91	6.11	-2.21
Sortino ratio: Return per unit of downside risk	3.49	10.72	-7.24
Omega ratio: Gain probability vs. loss probability	1.43	2.76	-1.33
Calmar ratio: Return relative to maximum drawdown	9.40	18.60	-9.20
Martin ratio: Return relative to average drawdown	24.03	109.03	-85.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VRTL vs. EVSB - Sharpe Ratio Comparison

The current VRTL Sharpe Ratio is 3.91, which is lower than the EVSB Sharpe Ratio of 6.11. The chart below compares the historical Sharpe Ratios of VRTL 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

	VRTL	EVSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.91	6.11	-2.21
Sharpe Ratio (All Time) Calculated using the full available price history	3.29	6.94	-3.65

Drawdowns

VRTL vs. EVSB - Drawdown Comparison

The maximum VRTL drawdown since its inception was -60.58%, which is greater than EVSB's maximum drawdown of -0.31%. Use the drawdown chart below to compare losses from any high point for VRTL and EVSB.

Drawdown Indicators

	VRTL	EVSB	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-0.31%	-60.27%
Max Drawdown (1Y) Largest decline over 1 year	-47.45%	-0.25%	-47.20%
Current Drawdown Current decline from peak	-24.11%	-0.05%	-24.06%
Average Drawdown Average peak-to-trough decline	-15.16%	-0.02%	-15.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.53%	0.04%	+18.49%

Volatility

VRTL vs. EVSB - Volatility Comparison

GraniteShares 2x Long VRT Daily ETF (VRTL) has a higher volatility of 33.79% compared to Eaton Vance Ultra-Short Income ETF (EVSB) at 0.19%. This indicates that VRTL'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

	VRTL	EVSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.79%	0.19%	+33.60%
Volatility (6M) Calculated over the trailing 6-month period	87.48%	0.51%	+86.97%
Volatility (1Y) Calculated over the trailing 1-year period	114.32%	0.77%	+113.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	124.39%	0.82%	+123.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	124.39%	0.82%	+123.57%

VRTL vs. EVSB - Expense Ratio Comparison

VRTL has a 1.50% expense ratio, which is higher than EVSB's 0.17% expense ratio.

Dividends

VRTL vs. EVSB - Dividend Comparison

VRTL has not paid dividends to shareholders, while EVSB's dividend yield for the trailing twelve months is around 4.63%.

Position	TTM	2025	2024	2023
EVSB Eaton Vance Ultra-Short Income ETF	4.63%	4.63%	5.18%	1.21%
VRTL GraniteShares 2x Long VRT Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VRTL and EVSB in my portfolio?

VRTL and EVSB have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRTL or EVSB?

VRTL has higher volatility (33.79%) compared to EVSB (0.19%). In terms of maximum drawdown, VRTL dropped -60.58% vs EVSB's -0.31%.

Which ETF is better, VRTL or EVSB?

On 1-year performance, VRTL leads with 442.54% 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, VRTL or EVSB?

Over the 1-year period, VRTL has performed better with a 442.54% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRTL or EVSB?

EVSB is cheaper with a 0.17% expense ratio, compared with 1.50% for VRTL.

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

EVSB has the higher dividend yield at 4.63%, compared with 0.00% for VRTL.

What is the main difference between VRTL and EVSB?

VRTL is categorized as Leveraged Equities, while EVSB is Ultrashort Bond. They also come from different issuers: GraniteShares and Eaton Vance. Their fees differ too: 1.50% for VRTL and 0.17% for EVSB.

Which has better risk-adjusted returns?

EVSB currently has the higher Sharpe Ratio (6.11 vs 3.91), 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.