EVSB vs QQQ
EVSB vs QQQ
Eaton Vance Ultra-Short Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
EVSB has a lower expense ratio. QQQ delivered stronger 1-year returns. EVSB offers more diversification with 130 holdings.
Side-by-Side Comparison
| Metric | EVSB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.17% | 0.18% | |
| AUM | $246M | $455.8B | |
| Dividend Yield | 4.57% | 0.41% | |
| Holdings | 260 | 108 | |
| YTD Return | +2.23% | +12.48% | |
| 1Y Return | +4.50% | +22.35% | |
| 3Y Return (annualized) | - | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 0.6% | 30.6% | |
| Max Drawdown | -0.3% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2023 | Mar 10, 1999 |
EVSB vs QQQ Performance
Eaton Vance Ultra-Short Income ETF (EVSB) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVSB returned +4.50% while QQQ returned +22.35%. Year to date, EVSB is up 2.23% versus a gain of 12.48% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 0.6% for EVSB. 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 -0.3% for EVSB and -83.0% for QQQ. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSB charges 0.17% per year while QQQ charges 0.18%. On a $10,000 position that is $17 vs $18 annually, a gap of $1 per year that compounds over a long holding period. On income, EVSB currently yields 4.57% against 0.41% for QQQ.
Holdings Overlap
EVSB and QQQ share 0 holdings out of 233 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, EVSB or QQQ?
EVSB has an expense ratio of 0.17% while QQQ charges 0.18%. EVSB is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, EVSB or QQQ?
Over the past year EVSB returned +4.50% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), EVSB annualized +5.51% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVSB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.6% for EVSB. Worst drawdown: EVSB -0.3% vs QQQ -83.0%.
Should I hold both EVSB and QQQ?
EVSB and QQQ have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSB and QQQ?
EVSB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 233 unique securities.
Which pays a higher dividend, EVSB or QQQ?
EVSB yields 4.57% while QQQ yields 0.41%, so EVSB currently pays the higher dividend yield.
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