EVSB vs SCHD
EVSB vs SCHD
Eaton Vance Ultra-Short Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EVSB offers more diversification with 130 holdings.
Side-by-Side Comparison
| Metric | EVSB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.17% | 0.06% | |
| AUM | $246M | $103.7B | |
| Dividend Yield | 4.57% | 3.31% | |
| Holdings | 260 | 104 | |
| YTD Return | +2.23% | +22.69% | |
| 1Y Return | +4.50% | +30.94% | |
| 3Y Return (annualized) | - | +14.20% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 0.6% | 13.7% | |
| Max Drawdown | -0.3% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2023 | Oct 20, 2011 |
EVSB vs SCHD Performance
Eaton Vance Ultra-Short Income ETF (EVSB) is a ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EVSB returned +4.50% while SCHD returned +30.94%. Year to date, EVSB is up 2.23% versus a gain of 22.69% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% 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 -33.4% for SCHD. 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSB charges 0.17% per year while SCHD charges 0.06%. On a $10,000 position that is $17 vs $6 annually, a gap of $11 per year that compounds over a long holding period. On income, EVSB currently yields 4.57% against 3.31% for SCHD.
Holdings Overlap
EVSB and SCHD share 0 holdings out of 230 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 SCHD?
EVSB has an expense ratio of 0.17% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, EVSB or SCHD?
Over the past year EVSB returned +4.50% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), EVSB annualized +5.51% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVSB or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 0.6% for EVSB. Worst drawdown: EVSB -0.3% vs SCHD -33.4%.
Should I hold both EVSB and SCHD?
EVSB and SCHD have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSB and SCHD?
EVSB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 230 unique securities.
Which pays a higher dividend, EVSB or SCHD?
EVSB yields 4.57% while SCHD yields 3.31%, so EVSB currently pays the higher dividend yield.
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