EVSD vs SPY
EVSD vs SPY
Eaton Vance Short Duration 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 | EVSD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.09% | |
| AUM | $535M | $789.1B | |
| Dividend Yield | 4.63% | 1.01% | |
| Holdings | 552 | 505 | |
| YTD Return | +0.72% | +9.93% | |
| 1Y Return | +3.60% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 1.8% | 15.3% | |
| Max Drawdown | -1.3% | -56.5% | |
| Fund Family | Eaton Vance | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 17, 2024 | Jan 22, 1993 |
EVSD vs SPY Performance
Eaton Vance Short Duration Income ETF (EVSD) 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 EVSD returned +3.60% while SPY returned +19.50%. Year to date, EVSD is up 0.72% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSD charges 0.24% per year while SPY charges 0.09%. On a $10,000 position that is $24 vs $9 annually, a gap of $15 per year that compounds over a long holding period. On income, EVSD currently yields 4.63% against 1.01% for SPY.
Holdings Overlap
EVSD and SPY share 0 holdings out of 732 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 SPY?
EVSD has an expense ratio of 0.24% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, EVSD or SPY?
Over the past year EVSD returned +3.60% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), EVSD annualized +5.15% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, EVSD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 1.8% for EVSD. Worst drawdown: EVSD -1.3% vs SPY -56.5%.
Should I hold both EVSD and SPY?
EVSD and SPY have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSD and SPY?
EVSD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 732 unique securities.
Which pays a higher dividend, EVSD or SPY?
EVSD yields 4.63% while SPY yields 1.01%, so EVSD currently pays the higher dividend yield.
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