Eaton Vance Ultra-Short Income ETF (EVSB) — Stock Correlations & Overview
Over the past year, EVSB has moved most closely with CVSB, UYLD, FTSM. Explore the stocks most correlated and inversely correlated with EVSB below, along with its price, financials, and company profile.
Stocks correlated with EVSB
Correlation of daily returns. Higher positive values move with EVSB; negative values move opposite it. Informational only, not investment advice.
Most correlated with EVSB
| Symbol | Company | Correlation |
|---|---|---|
| CVSB | Calvert Ultra-Short Investment Grade ETF | 0.79 |
| UYLD | Angel Oak UltraShort Income ETF | 0.73 |
| FTSM | First Trust Enhanced Short Maturity ETF | 0.72 |
| ARCM | Arrow Reserve Capital Management ETF | 0.72 |
| EVSD | Eaton Vance Short Duration Income ETF | 0.64 |
Most inversely correlated with EVSB
| Symbol | Company | Correlation |
|---|---|---|
| PIM | Franklin Master Intermediate Income Trust | -0.26 |
| VUZI | Vuzix CorporationRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | -0.23 |
| PFD | Flaherty & Crumrine Preferred and Income Fund Incorporated | -0.23 |
| AMZW | Roundhill AMZN WeeklyPay ETF | -0.23 |
| DLB | Dolby Laboratories, Inc.Class APATENT OWNERS & LESSORS | -0.22 |
Frequently asked questions about EVSB correlations
- Which stocks are most correlated with EVSB?
- Based on one year of daily returns, the stocks most correlated with Eaton Vance Ultra-Short Income ETF (EVSB) are CVSB (0.79), UYLD (0.73) and FTSM (0.72). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with EVSB?
- Over the past year, the stocks most inversely correlated with Eaton Vance Ultra-Short Income ETF (EVSB) are PIM (-0.26), VUZI (-0.23) and PFD (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these EVSB correlations calculated?
- We compute the correlation of daily returns between EVSB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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