EVSD vs QQQ
EVSD vs QQQ
Eaton Vance Short Duration Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EVSD offers more diversification with 229 holdings.
Side-by-Side Comparison
| Metric | EVSD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.18% | |
| AUM | $535M | $455.8B | |
| Dividend Yield | 4.63% | 0.41% | |
| Holdings | 552 | 108 | |
| YTD Return | +0.72% | +12.48% | |
| 1Y Return | +3.60% | +22.35% | |
| 3Y Return (annualized) | - | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 1.8% | 30.6% | |
| Max Drawdown | -1.3% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 17, 2024 | Mar 10, 1999 |
EVSD vs QQQ Performance
Eaton Vance Short Duration Income ETF (EVSD) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVSD returned +3.60% while QQQ returned +22.35%. Year to date, EVSD is up 0.72% 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 1.8% for EVSD. 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 -1.3% for EVSD 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSD charges 0.24% per year while QQQ charges 0.18%. On a $10,000 position that is $24 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, EVSD currently yields 4.63% against 0.41% for QQQ.
Holdings Overlap
EVSD and QQQ share 0 holdings out of 332 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, EVSD or QQQ?
EVSD has an expense ratio of 0.24% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, EVSD or QQQ?
Over the past year EVSD returned +3.60% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), EVSD annualized +5.15% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVSD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.8% for EVSD. Worst drawdown: EVSD -1.3% vs QQQ -83.0%.
Should I hold both EVSD and QQQ?
EVSD and QQQ have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSD and QQQ?
EVSD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 332 unique securities.
Which pays a higher dividend, EVSD or QQQ?
EVSD yields 4.63% while QQQ yields 0.41%, so EVSD currently pays the higher dividend yield.
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