EVSD vs VYM
Eaton Vance Short Duration Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. EVSD offers more diversification with 622 holdings.
Side-by-Side Comparison
| Metric | EVSD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.04% | |
| AUM | $535M | $81.6B | |
| Dividend Yield | 4.61% | 2.24% | |
| Holdings | 622 | 616 | |
| YTD Return | +1.49% | +15.34% | |
| 1Y Return | +3.66% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 1.7% | 14.6% | |
| Max Drawdown | -1.3% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 17, 2024 | Nov 10, 2006 |
EVSD vs VYM Performance
Eaton Vance Short Duration Income ETF (EVSD) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EVSD returned +3.66% while VYM returned +23.24%. Year to date, EVSD is up 1.49% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 1.7% 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 -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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSD charges 0.24% per year while VYM charges 0.04%. On a $10,000 position that is $24 vs $4 annually, a gap of $20 per year that compounds over a long holding period. On income, EVSD currently yields 4.61% against 2.24% for VYM.
Holdings Overlap
EVSD and VYM share 0 holdings out of 827 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 VYM?
EVSD has an expense ratio of 0.24% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, EVSD or VYM?
Over the past year EVSD returned +3.66% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), EVSD annualized +5.38% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, EVSD or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 1.7% for EVSD. Worst drawdown: EVSD -1.3% vs VYM -58.8%.
Should I hold both EVSD and VYM?
EVSD and VYM have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSD and VYM?
EVSD and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 827 unique securities.
Which pays a higher dividend, EVSD or VYM?
EVSD yields 4.61% while VYM yields 2.24%, so EVSD currently pays the higher dividend yield.
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