EVIM vs. EVPF

Last updated Jun 24, 2026

EVIM (Eaton Vance Intermediate Municipal Income ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both exchange-traded funds - EVIM is a Municipal Bonds fund actively managed by Eaton Vance, while EVPF is a Preferred Stock/Convertible Bonds fund actively managed by Eaton Vance. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. EVIM charges 0.29%/yr vs 0.39%/yr for EVPF.

Performance

EVIM vs. EVPF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Intermediate Municipal Income ETF (EVIM) and Eaton Vance Preferred Securities and Income ETF (EVPF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVIM

• 1D: -0.07%
• 1M: 1.45%
• YTD: 1.73%
• 6M: 1.90%
• 1Y: 7.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVPF

• 1D: 0.01%
• 1M: 0.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVIM vs. EVPF - Yearly Performance Comparison

	2026 (YTD)
EVIM Eaton Vance Intermediate Municipal Income ETF	0.10%
EVPF Eaton Vance Preferred Securities and Income ETF	1.29%

Correlation

The correlation between EVIM and EVPF is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026	0.59

Return for Risk

EVIM vs. EVPF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVIM

EVIM Risk / Return Rank: 76
EVIM Sharpe Ratio Rank: 90
EVIM Sortino Ratio Rank: 92
EVIM Omega Ratio Rank: 95
EVIM Calmar Ratio Rank: 55
EVIM Martin Ratio Rank: 50

EVPF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

EVIM vs. EVPF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) and Eaton Vance Preferred Securities and Income ETF (EVPF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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	EVPF	Difference
Sharpe ratio: Return per unit of total volatility	2.75	—	—
Sortino ratio: Return per unit of downside risk	4.13	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	7.89	—	—

Drawdowns

EVIM vs. EVPF - Drawdown Comparison

The maximum EVIM drawdown since its inception was -4.23%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for EVIM and EVPF.

Drawdown Indicators

	EVIM	EVPF	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-2.36%	-1.87%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.17%	-0.49%
Average Drawdown Average peak-to-trough decline	-0.88%	-0.47%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	—	—

Volatility

Volatility by Period

	EVIM	EVPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.77%	4.08%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.82%	4.08%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.82%	4.08%	-0.26%

EVIM vs. EVPF - Expense Ratio Comparison

EVIM has a 0.29% expense ratio, which is lower than EVPF's 0.39% expense ratio.

Dividends

EVIM vs. EVPF - Dividend Comparison

EVIM's dividend yield for the trailing twelve months is around 3.53%, more than EVPF's 1.08% yield.

Position	TTM	2025	2024	2023
EVIM Eaton Vance Intermediate Municipal Income ETF	3.53%	3.58%	3.56%	0.78%
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVIM and EVPF in my portfolio?

EVIM and EVPF have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVIM or EVPF?

On fees, EVIM is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVIM or EVPF?

EVIM is cheaper with a 0.29% expense ratio, compared with 0.39% for EVPF.

Which ETF pays a higher dividend yield, EVIM or EVPF?

EVIM has the higher dividend yield at 3.53%, compared with 1.08% for EVPF.

What is the main difference between EVIM and EVPF?

EVIM is categorized as Municipal Bonds, while EVPF is Preferred Stock/Convertible Bonds. Their fees differ too: 0.29% for EVIM and 0.39% for EVPF.