EVSB vs SPY
EVSB vs SPY
Eaton Vance Ultra-Short Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EVSB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.17% | 0.09% | |
| AUM | $246M | $789.1B | |
| Dividend Yield | 4.57% | 1.01% | |
| Holdings | 260 | 505 | |
| YTD Return | +2.26% | +13.50% | |
| 1Y Return | +4.43% | +23.56% | |
| 3Y Return (annualized) | - | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | 0.6% | 15.3% | |
| Max Drawdown | -0.3% | -56.5% | |
| Fund Family | Eaton Vance | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2023 | Jan 22, 1993 |
EVSB vs SPY Performance
Eaton Vance Ultra-Short Income ETF (EVSB) is a ETF from Eaton Vance and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EVSB returned +4.43% while SPY returned +23.56%. Year to date, EVSB is up 2.26% versus a gain of 13.50% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSB charges 0.17% per year while SPY charges 0.09%. On a $10,000 position that is $17 vs $9 annually, a gap of $8 per year that compounds over a long holding period. On income, EVSB currently yields 4.57% against 1.01% for SPY.
Holdings Overlap
EVSB and SPY share 0 holdings out of 633 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 SPY?
EVSB has an expense ratio of 0.17% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, EVSB or SPY?
Over the past year EVSB returned +4.43% vs +23.56% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), EVSB annualized +5.50% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EVSB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 0.6% for EVSB. Worst drawdown: EVSB -0.3% vs SPY -56.5%.
Should I hold both EVSB and SPY?
EVSB and SPY have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSB and SPY?
EVSB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 633 unique securities.
Which pays a higher dividend, EVSB or SPY?
EVSB yields 4.57% while SPY yields 1.01%, so EVSB currently pays the higher dividend yield.
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