CVSB vs VYM
CVSB vs VYM
Calvert Ultra-Short Investment Grade ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CVSB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.04% | |
| AUM | $221M | $79.0B | |
| Dividend Yield | 4.96% | 2.86% | |
| Holdings | 246 | 568 | |
| YTD Return | +2.19% | +15.57% | |
| 1Y Return | +4.31% | +25.99% | |
| 3Y Return (annualized) | +5.40% | +18.02% | |
| 5Y Return (annualized) | - | +12.71% | |
| Volatility (annualized) | 0.6% | 14.6% | |
| Max Drawdown | -0.6% | -58.8% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 30, 2023 | Nov 10, 2006 |
CVSB vs VYM Performance
Calvert Ultra-Short Investment Grade ETF (CVSB) is a ETF from Calvert and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CVSB returned +4.31% while VYM returned +25.99%. Year to date, CVSB is up 2.19% versus a gain of 15.57% for VYM.
Over three years, CVSB compounded at +5.40% per year against +18.02% for VYM. Across the full 4-year window we track, VYM has the edge at +7.07% annualized vs +5.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 0.6% for CVSB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.6% for CVSB and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVSB charges 0.24% per year while VYM charges 0.04%. On a $10,000 position that is $24 vs $4 annually, a gap of $20 per year that compounds over a long holding period. On income, CVSB currently yields 4.96% against 2.86% for VYM.
Holdings Overlap
CVSB and VYM share 0 holdings out of 684 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVSB or VYM?
CVSB has an expense ratio of 0.24% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, CVSB or VYM?
Over the past year CVSB returned +4.31% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), CVSB annualized +5.35% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CVSB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 0.6% for CVSB. Worst drawdown: CVSB -0.6% vs VYM -58.8%.
Should I hold both CVSB and VYM?
CVSB and VYM have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVSB and VYM?
CVSB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 684 unique securities.
Which pays a higher dividend, CVSB or VYM?
CVSB yields 4.96% while VYM yields 2.86%, so CVSB currently pays the higher dividend yield.
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