- Issuer
- Eaton Vance
- Inception Date
- Oct 16, 2023
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $247M
Share Price Chart
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Performance
EVIM Performance Chart
Eaton Vance Intermediate Municipal Income ETF (EVIM) is up 1.8% since the beginning of the year. EVIM is currently trading at $53 per share.
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Returns By Period
Eaton Vance Intermediate Municipal Income ETF (EVIM) has returned 1.80% so far this year and 7.43% over the past 12 months.
Eaton Vance Intermediate Municipal Income ETF
- 1D
- 0.00%
- 1M
- 1.51%
- YTD
- 1.80%
- 6M
- 2.05%
- 1Y
- 7.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EVIM Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2023, EVIM's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 73% of months were positive and 27% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Mar 2026 at -2.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, EVIM closed higher 57% of trading days. The best single day was Nov 8, 2024 with a return of +0.9%, while the worst single day was Apr 7, 2025 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.01% | 1.38% | -2.51% | 0.77% | 0.52% | 0.66% | 1.80% | ||||||
| 2025 | 0.48% | 1.41% | -1.84% | -0.41% | 0.02% | 0.88% | -0.28% | 1.07% | 2.40% | 1.39% | 0.24% | 0.39% | 5.85% |
| 2024 | 0.15% | -0.33% | -0.01% | -1.07% | 0.13% | 1.12% | 1.21% | 0.14% | 1.36% | -1.29% | 1.76% | -1.47% | 1.65% |
| 2023 | 0.01% | 4.25% | 2.46% | 6.83% |
Benchmark Metrics
Eaton Vance Intermediate Municipal Income ETF has an annualized alpha of 5.55%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 19, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.25%) than losses (20.51%) - typical of diversified or defensive assets.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.55%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 21.25%
- Downside Capture
- 20.51%
Expense Ratio
EVIM has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EVIM ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVIM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.78 | -0.34 |
| Martin ratioReturn relative to average drawdown | 7.78 | 12.44 | -4.66 |
Dividends
Dividend History
Eaton Vance Intermediate Municipal Income ETF provided a 3.53% dividend yield over the last twelve months, with an annual payout of $1.88 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.88 | $1.90 | $1.85 | $0.42 |
Dividend yield | 3.53% | 3.58% | 3.56% | 0.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Intermediate Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.15 | $0.14 | $0.16 | $0.16 | $0.14 | $0.00 | $0.75 | ||||||
| 2025 | $0.15 | $0.14 | $0.17 | $0.16 | $0.14 | $0.17 | $0.16 | $0.16 | $0.16 | $0.17 | $0.15 | $0.16 | $1.90 |
| 2024 | $0.18 | $0.00 | $0.17 | $0.17 | $0.18 | $0.17 | $0.18 | $0.17 | $0.13 | $0.16 | $0.16 | $0.17 | $1.85 |
| 2023 | $0.25 | $0.17 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Intermediate Municipal Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Eaton Vance Intermediate Municipal Income ETF was 4.23%, occurring on Apr 11, 2025. Recovery took 100 trading sessions.
The current Eaton Vance Intermediate Municipal Income ETF drawdown is 0.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -4.23%Apr 2025 | 1mo 8d | 4mo 27d | 6mo 5dMar 2025 - Sep 2025 |
2026 pullback2026 | -3.05%Mar 2026 | 22d | — | 3mo 23dMar 2026 - now |
2025 pullback2025 | -2.75%Jan 2025 | 1mo 6d | 1mo 15d | 2mo 21dDec 2024 - Feb 2025 |
2024 pullback2024 | -2.34%Nov 2024 | 1mo 4d | 21d | 1mo 25dOct 2024 - Nov 2024 |
2024 pullback2024 | -1.83%May 2024 | 3mo 27d | 16d | 4mo 13dFeb 2024 - Jun 2024 |
Drawdown Indicators
| EVIM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -56.78% | +52.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -9.10% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.80% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -10.71% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.03% | -1.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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