Eaton Vance Ultra-Short Income ETF
$50.70+0.02 (+0.03%)
- 0.17%
- $329M
- +4.0%
- 4.53%
- 0.1M sh
- $50.67
- low $50.46high $51.20
The ETF.net EVSB Grade
B
Score 67 out of 100
- 26 of 78
Score 67 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.B56 out of 100Rank 31 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.B61 out of 100Rank 7 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 45 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.C54 out of 100Rank 43 of 78
Our read on EVSB
BCash-parking with an active bond desk behind the wheel. Eaton Vance hunts investment-grade short, variable and floating-rate paper, keeps weighted-average duration at a year or less, and charges 0.17%, under the typical ultra-short ETF.
The Fund seeks to maximize income while preserving capital. It actively manages primarily investment-grade, short-term fixed, variable, and floating-rate securities, generally keeping weighted-average duration at one year or less.
Why people hold it
- Charges 0.17%, undercutting the typical ultra-short bond ETF. In an aisle where yield differences are measured in fractions of a point, the fee line does real work.
- Active by design: managers shift among short fixed, variable and floating-rate investment-grade securities rather than tracking a fixed list, with duration generally held to one year or less.
- Pays monthly, and the portfolio has stayed tightly aligned with the ultra-short mandate its filings describe.
- Lands in the upper half of a crowded ultra-short cohort, holding its own against the index-tracking heavyweights that dominate the category.
Worth knowing
- Thinly traded and one of the smaller funds in the aisle next to VUSB and PULS, so bid-ask spreads can run wider and larger orders need more care.
- Investment-grade credit, not Treasury bills: part of the income comes from taking credit and spread risk, and floating-rate coupons reset as short-term rates move.
- Launched in 2023, giving it a shorter live record than the decade-plus veterans it competes with.
EVSB Holdings
- Other
- 314
- 24%
- United States 3.25% 06/27
Geography
- United States99.66%
- Canada0.34%
EVSB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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EVSB$10,396
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 | EVSB |
|---|---|
| Year to date | +2.9% |
| 1 month | +0.2% |
| 3 months | +0.8% |
| 1 year | +4.0% |
| 3 years | — |
| 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 | EVSB |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +5.1% | |
| 2024 | +6.0% | |
| 2023 | +1.8% |
EVSB in the news
EVSB Dividends
- 4.53%
- $2.30
- $0.18 per share
- Monthly
Distribution history
EVSB 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.
- 1.41
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.
- −0.3%
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.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EVSB Cost
0.17%
EVSB0.17%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
30 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- BTBUXT. Rowe Price Ultra Short-Term Bond ETFExpense ratio 0.17%1 year return +4.0%
- BSCUSSchwab Ultra-Short Income ETFExpense ratio 0.14%1 year return +3.4%
- BWEEKRoundhill Investments - Weekly T-Bill ETFExpense ratio 0.19%1 year return +3.5%
- BXBILUS Treasury 6 Month Bill ETFExpense ratio 0.15%1 year return +3.6%
- BGSYInvesco Ultra Short Duration ETFExpense ratio 0.22%1 year return +3.7%