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CUSIP
61774R858
Inception Date
Dec 19, 2018
Leveraged
1x (No leverage)
Index Tracked
ICE BofA 1-3 Year Municipal Securities Index
Distribution Policy
Distributing
Asset Class
Bond
Assets Under Management
$739M

Share Price Chart


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Performance

EVSM Performance Chart

Eaton Vance Short Duration Municipal Income ETF (EVSM) is up 1.2% since the beginning of the year. EVSM is currently trading at $50 per share.


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S&P 500 Index

Returns By Period

Eaton Vance Short Duration Municipal Income ETF (EVSM) has returned 1.19% so far this year and 3.77% over the past 12 months.


Eaton Vance Short Duration Municipal Income ETF

1D
-0.08%
1M
0.56%
YTD
1.19%
6M
1.28%
1Y
3.77%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EVSM Monthly Returns History

Based on dividend-adjusted daily data since Mar 25, 2024, EVSM's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 75% of months were positive and 25% were negative. The best month was Jul 2024 with a return of +1.0%, while the worst month was Mar 2026 at -0.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.

On a daily basis, EVSM closed higher 56% of trading days. The best single day was Apr 29, 2025 with a return of +0.5%, while the worst single day was Apr 7, 2025 at -1.3%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.62%0.59%-0.86%0.35%0.32%0.18%1.19%
20250.47%0.62%-0.31%-0.10%0.45%0.79%0.48%0.68%0.46%0.03%0.25%0.36%4.24%
2024-0.23%-0.24%0.17%0.47%0.95%0.75%0.49%-0.31%0.52%-0.14%2.43%

Benchmark Metrics

Eaton Vance Short Duration Municipal Income ETF has an annualized alpha of 3.44%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 25, 2024.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.30%) than losses (1.11%) - typical of diversified or defensive assets.
  • Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 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
3.44%
Beta
0.01
0.00
Upside Capture
11.30%
Downside Capture
1.11%

Expense Ratio

EVSM has an expense ratio of 0.19%, which is considered low.


Return for Risk

Risk / Return Rank

EVSM ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


EVSM Risk / Return Rank: 8484
Overall Rank
EVSM Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EVSM Sortino Ratio Rank: 9494
Sortino Ratio Rank
EVSM Omega Ratio Rank: 9393
Omega Ratio Rank
EVSM Calmar Ratio Rank: 7272
Calmar Ratio Rank
EVSM Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Eaton Vance Short Duration Municipal Income ETF (EVSM) 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.


EVSMBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.97

Sortino ratioReturn per unit of downside risk

+1.94

Omega ratioGain probability vs. loss probability

1.63

1.37

+0.26

Calmar ratioReturn relative to maximum drawdown

3.52

2.78

+0.74

Martin ratioReturn relative to average drawdown

12.53

12.44

+0.09

Dividends

Dividend History

Eaton Vance Short Duration Municipal Income ETF provided a 3.00% dividend yield over the last twelve months, with an annual payout of $1.51 per share.


3.00%3.02%3.04%3.06%3.08%3.10%3.12%$0.00$0.50$1.00$1.5020242025
Dividends
Dividend Yield
PeriodTTM20252024
Dividend$1.51$1.57$1.49

Dividend yield

3.00%3.12%2.99%

Monthly Dividends

The table displays the monthly dividend distributions for Eaton Vance Short Duration Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.11$0.12$0.13$0.13$0.13$0.00$0.62
2025$0.14$0.13$0.14$0.13$0.14$0.13$0.13$0.13$0.12$0.13$0.12$0.13$1.57
2024$0.15$0.15$0.16$0.15$0.16$0.16$0.14$0.15$0.13$0.14$1.49

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 Short Duration 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 Short Duration Municipal Income ETF was 1.50%, occurring on Apr 11, 2025. Recovery took 35 trading sessions.

The current Eaton Vance Short Duration Municipal Income ETF drawdown is 0.08%.


Related event

Drawdown

Fall

Recovery

Underwater

2025 selloff2025
-1.50%Apr 2025
4d1mo 23d
1mo 27dApr 2025 - Jun 2025
2026 pullback2026
-1.07%Mar 2026
22d2mo 13d
3mo 5dMar 2026 - Jun 2026
2024 pullback2024
-0.81%Nov 2024
21d28d
1mo 19dOct 2024 - Dec 2024
2024 pullback2024
-0.68%Dec 2024
10d1mo 9d
1mo 19dDec 2024 - Jan 2025
2024 pullback2024
-0.55%Apr 2024
16d29d
1mo 15dMar 2024 - May 2024

Drawdown Indicators


EVSMBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-1.50%

-56.78%

+55.28%

Max Drawdown (1Y)

Largest decline over 1 year

-1.07%

-9.10%

+8.03%

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 Drawdown

Current decline from peak

-0.08%

-1.80%

+1.72%

Average Drawdown

Average peak-to-trough decline

-0.24%

-10.71%

+10.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.30%

2.03%

-1.73%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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