EVSB vs VOO
EVSB vs VOO
Eaton Vance Ultra-Short Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EVSB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.17% | 0.03% | |
| AUM | $246M | $979.0B | |
| Dividend Yield | 4.57% | 1.09% | |
| Holdings | 260 | 509 | |
| YTD Return | +2.30% | +11.51% | |
| 1Y Return | +4.47% | +21.46% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +13.01% | |
| Volatility (annualized) | 0.6% | 14.1% | |
| Max Drawdown | -0.3% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2023 | Sep 7, 2010 |
EVSB vs VOO Performance
Eaton Vance Ultra-Short Income ETF (EVSB) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVSB returned +4.47% while VOO returned +21.46%. Year to date, EVSB is up 2.30% versus a gain of 11.51% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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
EVSB charges 0.17% per year while VOO charges 0.03%. On a $10,000 position that is $17 vs $3 annually, a gap of $14 per year that compounds over a long holding period. On income, EVSB currently yields 4.57% against 1.09% for VOO.
Holdings Overlap
EVSB and VOO share 0 holdings out of 635 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 VOO?
EVSB has an expense ratio of 0.17% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, EVSB or VOO?
Over the past year EVSB returned +4.47% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), EVSB annualized +5.52% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, EVSB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 0.6% for EVSB. Worst drawdown: EVSB -0.3% vs VOO -34.3%.
Should I hold both EVSB and VOO?
EVSB and VOO 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 EVSB and VOO?
EVSB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 635 unique securities.
Which pays a higher dividend, EVSB or VOO?
EVSB yields 4.57% while VOO yields 1.09%, so EVSB currently pays the higher dividend yield.
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