Calvert Ultra-Short Investment Grade ETF
$50.62−0.08 (−0.16%)
- Expense ratio
- 0.24%
- Fund size
- $274M
- 1Y return
- +4.0%
- Yield · Last 12 months
- 4.21%
- Holdings
- 296
- Volume · 30D
- 0M sh
- NAV per share
- $50.65
- 52W range
The ETF.net CVSB Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 27Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 28Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 70Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 56Category rank
Our read on CVSB
CParking cash usually means a plain-vanilla ultra-short bond fund. CVSB does that job through Calvert's responsible-investment criteria: an actively managed, investment-grade short-bond portfolio from the Morgan Stanley stable that pays monthly.
The Fund seeks to maximize income while preserving capital through short-term bonds and other income-producing securities. Normally, at least 80% of net assets are invested in investment-grade short-term fixed, variable, and floating-rate securities.
Why people hold it
- One of the few cash-alternative ETFs built around responsible-investment criteria, with Calvert's ESG research shaping the credit list and Morgan Stanley Investment Management as adviser.calvert.commorganstanley.com
- Actively managed, not index-bound: the team can shift across fixed, variable and floating-rate paper, with at least 80% of net assets in investment-grade short-term securities.
- Pays monthly, so income arrives on a regular cadence rather than in quarterly lumps.
Worth knowing
- At 0.24% a year it runs above the cash-alternative median and well above the category's cheapest large names (ICSH at 0.08%, JPST at 0.18%).
- Small and thinly traded next to the giants of the ultra-short shelf, so spreads can be wider and fills less predictable.
- Short bonds are not cash. The fund seeks to preserve capital, but it is a bond portfolio whose share price moves with rates and credit, not a stable-value money market fund.
CVSB Holdings
- Other
- 296
- 27%
- MSILF GOVERNMENT
Geography
- United States99.33%
- Canada0.67%
CVSB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CVSB |
|---|---|
| Year to date | +2.6% |
| 1 month | +0.2% |
| 3 months | +1.0% |
| 1 year | +4.0% |
| 3 years | +5.3% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CVSB |
|---|---|---|
| 2026 YTD | +2.6% | |
| 2025 | +4.9% | |
| 2024 | +6.2% | |
| 2023 | +5.4% |
CVSB in the news
ETF.net Research hasn’t filed on CVSB yet — coverage lands here as it’s written.
CVSB Dividends
- 4.21%
- $2.13
- $0.16 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.16 |
| Jul 31, 2026 | Aug 6, 2026 | $0.17 |
| Jun 30, 2026 | Jul 7, 2026 | $0.17 |
| May 29, 2026 | Jun 4, 2026 | $0.18 |
| Apr 30, 2026 | May 6, 2026 | $0.18 |
| Mar 31, 2026 | Apr 7, 2026 | $0.17 |
| Feb 27, 2026 | Mar 5, 2026 | $0.16 |
| Jan 30, 2026 | Feb 5, 2026 | $0.18 |
| Dec 23, 2025 | Dec 30, 2025 | $0.22 |
| Nov 28, 2025 | Dec 4, 2025 | $0.18 |
| Oct 31, 2025 | Nov 6, 2025 | $0.19 |
| Sep 30, 2025 | Oct 6, 2025 | $0.18 |
CVSB Risk
- 0.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.36
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CVSB Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
55 of the 77 Cash & Ultra-Short Income funds charge less.