Eaton Vance Ultra-Short Income ETF
$50.81−0.01 (−0.03%)
- Expense ratio
- 0.17%
- Fund size
- $290M
- 1Y return
- +4.1%
- Yield · Last 12 months
- 4.53%
- Holdings
- 311
- Volume · 30D
- 0M sh
- NAV per share
- $50.81
- 52W range
The ETF.net EVSB Grade
Score 67 of 100 sits in the B 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.BScore 56Category 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.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 46Category 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.CScore 54Category rank
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
- 311
- 26%
- UNITED STATES 3.25% 06/27
Sectors
- Financials100.0%
Geography
- United States99.57%
- Canada0.43%
EVSB 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 | EVSB |
|---|---|
| Year to date | +2.8% |
| 1 month | +0.2% |
| 3 months | +0.9% |
| 1 year | +4.1% |
| 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 | +2.8% | |
| 2025 | +5.1% | |
| 2024 | +6.0% | |
| 2023 | +1.8% |
EVSB in the news
ETF.net Research hasn’t filed on EVSB yet — coverage lands here as it’s written.
EVSB Dividends
- 4.53%
- $2.30
- $0.18 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.18 |
| Jul 31, 2026 | Aug 6, 2026 | $0.18 |
| Jun 30, 2026 | Jul 7, 2026 | $0.17 |
| May 29, 2026 | Jun 4, 2026 | $0.18 |
| Apr 30, 2026 | May 6, 2026 | $0.17 |
| Mar 31, 2026 | Apr 7, 2026 | $0.19 |
| Feb 27, 2026 | Mar 5, 2026 | $0.21 |
| Jan 30, 2026 | Feb 5, 2026 | $0.18 |
| Dec 23, 2025 | Dec 30, 2025 | $0.28 |
| Nov 28, 2025 | Dec 4, 2025 | $0.18 |
| Oct 31, 2025 | Nov 6, 2025 | $0.19 |
| Sep 30, 2025 | Oct 6, 2025 | $0.19 |
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.
- 1.81
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
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
30 of the 77 Cash & Ultra-Short Income funds charge less.