Exceptions force a panic on all errors, which is why they're supposed to be used in "exceptional" situations. To avoid exceptions when an error is expected, (eof, broken socket, file not found,) you either have to use an unnatural return type or accept the performance penalty of the panic that happens when you "throw."
In Rust, the stack trace happens at panic (unwrap), which is when the error isn't handled. IE, it's not when the file isn't found, it's when the error isn't handled.