Eaton Vance Short Duration Municipal Income ETF (EVSM) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EVSM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EVSM
EVSM charges 0.19% annually. There are 47 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | EVSM vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | EVSM vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | EVSM vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | EVSM vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | EVSM vs TAXS |
Best Risk-Adjusted Alternatives to EVSM
EVSM has a PortfoliosLab risk / return rank of 87. There are 13 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 9.88M | Sep 2024 | EVSM vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | EVSM vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 246.08M | Nov 2018 | EVSM vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.39B | Mar 2015 | EVSM vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | EVSM vs GUMI |
Top Performing EVSM Alternatives (YTD)
EVSM is at 1.27% YTD. There are 90 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.08% | 142.76M | Jun 2013 | EVSM vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.93% | 19.03M | Sep 2016 | EVSM vs MFLX | |
| Rareview Tax Advantaged Income ETF | 3.90% | 18.13M | Oct 2020 | EVSM vs RTAI | |
| T. Rowe Price High Income Municipal ETF | 3.61% | 25.43M | Nov 2025 | EVSM vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.51% | 30.60M | Sep 2019 | EVSM vs OVM |
Lowest Volatility Alternatives to EVSM
EVSM has 1.26% 1-year volatility. There are 18 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 30.59M | Sep 2025 | EVSM vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | EVSM vs MYMF | |
| Allspring Ultra Short Municipal ETF | 0.75% | 30.06M | Jul 2025 | EVSM vs AUSM | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | EVSM vs CALI | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | EVSM vs FUMB |
Lowest Drawdown Alternatives to EVSM
EVSM has a 1-year max drawdown of -1.07%. There are 18 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.08M | Nov 2018 | EVSM vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | EVSM vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | EVSM vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | EVSM vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | EVSM vs IBMO |
Other ETFs from Eaton Vance
The 10 most viewed Eaton Vance ETFs shown here include EVTR, EVSD, EVLN and span 10 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Eaton Vance Total Return Bond ETF | Intermediate Core-Plus Bond | 38 | 0.51% | 5.55B | Nov 1984 | EVSM vs EVTR | |
| Eaton Vance Short Duration Income ETF | Short-Term Bond | 86 | 0.83% | 1.31B | Mar 1992 | EVSM vs EVSD | |
| Eaton Vance Floating-Rate ETF | Bank Loan | 75 | 1.50% | 1.36B | Feb 2024 | EVSM vs EVLN | |
| Eaton Vance Ultra-Short Income ETF | Ultrashort Bond | 99 | 1.89% | 230.19M | Oct 2023 | EVSM vs EVSB | |
| Eaton Vance High Yield ETF | High Yield Bonds | 61 | 1.48% | 23.59M | Oct 2023 | EVSM vs EVHY | |
| Eaton Vance Mortgage Opportunities ETF | Mortgage Backed Securities | — | 0.71% | — | Aug 2025 | EVSM vs EVMO | |
| Eaton Vance Income Opportunities ETF | Multisector Bonds | — | 2.01% | — | Nov 2025 | EVSM vs XAGG | |
| Eaton Vance Intermediate Municipal Income ETF | Municipal Bonds | 76 | 1.73% | 247.05M | Oct 2023 | EVSM vs EVIM | |
| Eaton Vance High Income Municipal ETF | High Yield Muni | 86 | 3.83% | 56.78M | Feb 2025 | EVSM vs EVYM | |
| Eaton Vance Preferred Securities and Income ETF | Preferred Stock/Convertible Bonds | — | — | 35.16M | Mar 2026 | EVSM vs EVPF |
Often Compared With EVSM
Investors most often compare EVSM with ZTAX, SUB, BBH. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare EVSM with Any Fund or Stock
Compare EVSM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EVSM with funds that move differently
Eaton Vance Short Duration Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVSM.
Explore EVSM Diversifiers