Calvert Ultra-Short Investment Grade ETF
$50.52+0.02 (+0.04%)
- 0.24%
- $274M
- +3.7%
- 4.24%
- 0M sh
- $50.49
- low $50.40high $50.96
The ETF.net CVSB Grade
B
Score 56 out of 100
- 50 of 78
Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D29 out of 100Rank 56 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 32 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D37 out of 100Rank 53 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 23 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 41 of 78
Our read on CVSB
BParking 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
- 284
- 26%
- Msilf Government
Geography
- United States99.34%
- Canada0.66%
CVSB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
CVSB$10,366
Returns run to the Oct 12, 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 | +0.7% |
| 1 year | +3.7% |
| 3 years | +5.2% |
| 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
CVSB Dividends
- 4.24%
- $2.14
- $0.19 per share
- Monthly
Distribution history
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.
- 1.25
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
0.24%
CVSB0.24%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
55 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- BTUSBThrivent Ultra Short Bond ETFExpense ratio 0.20%1 year return +4.3%
- BVRIGInvesco Variable Rate Investment Grade ETFExpense ratio 0.30%1 year return +4.4%
- BOPERClearShares Ultra-Short Maturity ETFExpense ratio 0.20%1 year return +3.8%
- BYEARAlliance Bernstein - AB Ultra Short Income ETFExpense ratio 0.25%1 year return +2.9%
- BFLDBFidelity Low Duration Bond ETFExpense ratio 0.20%1 year return +3.6%