EVSB vs VYM
EVSB vs VYM
Eaton Vance Ultra-Short Income 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 | EVSB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.17% | 0.04% | |
| AUM | $246M | $79.0B | |
| Dividend Yield | 4.57% | 2.86% | |
| Holdings | 260 | 568 | |
| YTD Return | +2.23% | +13.24% | |
| 1Y Return | +4.50% | +23.76% | |
| 3Y Return (annualized) | - | +16.97% | |
| 5Y Return (annualized) | - | +12.26% | |
| Volatility (annualized) | 0.6% | 14.6% | |
| Max Drawdown | -0.3% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2023 | Nov 10, 2006 |
EVSB vs VYM Performance
Eaton Vance Ultra-Short Income ETF (EVSB) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EVSB returned +4.50% while VYM returned +23.76%. Year to date, EVSB is up 2.23% versus a gain of 13.24% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSB charges 0.17% per year while VYM charges 0.04%. On a $10,000 position that is $17 vs $4 annually, a gap of $13 per year that compounds over a long holding period. On income, EVSB currently yields 4.57% against 2.86% for VYM.
Holdings Overlap
EVSB and VYM share 0 holdings out of 688 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 VYM?
EVSB has an expense ratio of 0.17% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, EVSB or VYM?
Over the past year EVSB returned +4.50% vs +23.76% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), EVSB annualized +5.51% vs +6.96% for VYM. Past performance does not guarantee future results.
Which is riskier, EVSB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 0.6% for EVSB. Worst drawdown: EVSB -0.3% vs VYM -58.8%.
Should I hold both EVSB and VYM?
EVSB and VYM have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSB and VYM?
EVSB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 688 unique securities.
Which pays a higher dividend, EVSB or VYM?
EVSB yields 4.57% while VYM yields 2.86%, so EVSB currently pays the higher dividend yield.
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