EVIM vs. JMUB

Last updated Jun 23, 2026

EVIM (Eaton Vance Intermediate Municipal Income ETF) and JMUB (JPMorgan Municipal ETF) are both Municipal Bonds funds. Both are actively managed. Over the past year, EVIM returned 7.43% vs 5.72% for JMUB. Their correlation of 0.85 suggests significant overlap in exposure. EVIM charges 0.29%/yr vs 0.18%/yr for JMUB.

Performance

EVIM vs. JMUB - Performance Comparison

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

Returns By Period

In the year-to-date period, EVIM achieves a 1.80% return, which is significantly higher than JMUB's 1.48% return.

EVIM

• 1D: 0.00%
• 1M: 1.51%
• YTD: 1.80%
• 6M: 2.05%
• 1Y: 7.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JMUB

• 1D: 0.02%
• 1M: 1.28%
• YTD: 1.48%
• 6M: 1.70%
• 1Y: 5.72%
• 3Y*: 3.69%
• 5Y*: 1.27%
• 10Y*: —

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

EVIM vs. JMUB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EVIM Eaton Vance Intermediate Municipal Income ETF	1.80%	5.85%	1.65%	6.83%
JMUB JPMorgan Municipal ETF	1.48%	4.34%	1.88%	7.23%

Correlation

The correlation between EVIM and JMUB is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.85

The correlation between EVIM and JMUB shifts across timeframes, from 0.73 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EVIM vs. JMUB — Risk / Return Rank

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

EVIM

EVIM Risk / Return Rank: 74
EVIM Sharpe Ratio Rank: 86
EVIM Sortino Ratio Rank: 91
EVIM Omega Ratio Rank: 94
EVIM Calmar Ratio Rank: 51
EVIM Martin Ratio Rank: 48

JMUB

JMUB Risk / Return Rank: 68
JMUB Sharpe Ratio Rank: 78
JMUB Sortino Ratio Rank: 81
JMUB Omega Ratio Rank: 88
JMUB Calmar Ratio Rank: 47
JMUB Martin Ratio Rank: 47

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. JMUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) and JPMorgan Municipal ETF (JMUB). 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	JMUB	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.40	+0.29
Sortino ratio: Return per unit of downside risk	4.06	3.45	+0.61
Omega ratio: Gain probability vs. loss probability	1.64	1.52	+0.11
Calmar ratio: Return relative to maximum drawdown	2.45	2.25	+0.19
Martin ratio: Return relative to average drawdown	7.78	7.74	+0.04

EVIM vs. JMUB - Sharpe Ratio Comparison

The current EVIM Sharpe Ratio is 2.70, which is comparable to the JMUB Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of EVIM and JMUB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVIM vs. JMUB - Drawdown Comparison

The maximum EVIM drawdown since its inception was -4.23%, smaller than the maximum JMUB drawdown of -12.50%. Use the drawdown chart below to compare losses from any high point for EVIM and JMUB.

Drawdown Indicators

	EVIM	JMUB	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-12.50%	+8.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	-2.55%	-0.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.06%	—
Current Drawdown Current decline from peak	-0.59%	-0.38%	-0.21%
Average Drawdown Average peak-to-trough decline	-0.88%	-2.50%	+1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.74%	+0.22%

Volatility

EVIM vs. JMUB - Volatility Comparison

Eaton Vance Intermediate Municipal Income ETF (EVIM) and JPMorgan Municipal ETF (JMUB) have volatilities of 0.70% and 0.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVIM	JMUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	0.69%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.98%	1.87%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	2.77%	2.40%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.83%	3.33%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.83%	4.13%	-0.30%

EVIM vs. JMUB - Expense Ratio Comparison

EVIM has a 0.29% expense ratio, which is higher than JMUB's 0.18% expense ratio.

Dividends

EVIM vs. JMUB - Dividend Comparison

EVIM's dividend yield for the trailing twelve months is around 3.53%, less than JMUB's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EVIM Eaton Vance Intermediate Municipal Income ETF	3.53%	3.58%	3.56%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%
JMUB JPMorgan Municipal ETF	3.59%	3.52%	3.50%	3.20%	2.16%	1.94%	2.13%	3.66%	0.45%

Frequently Asked Questions

Can I hold both EVIM and JMUB in my portfolio?

EVIM and JMUB have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVIM or JMUB?

EVIM has higher volatility (0.70%) compared to JMUB (0.69%). In terms of maximum drawdown, EVIM dropped -4.23% vs JMUB's -12.50%.

Which ETF is better, EVIM or JMUB?

On 1-year performance, EVIM leads with 7.43% vs 5.72% for JMUB. On fees, JMUB is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVIM or JMUB?

Over the 1-year period, EVIM has performed better with a 7.43% return vs 5.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVIM or JMUB?

JMUB is cheaper with a 0.18% expense ratio, compared with 0.29% for EVIM.

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

JMUB has the higher dividend yield at 3.59%, compared with 3.53% for EVIM.

What is the main difference between EVIM and JMUB?

They also come from different issuers: Eaton Vance and JPMorgan. Their fees differ too: 0.29% for EVIM and 0.18% for JMUB.

Which has better risk-adjusted returns?

EVIM currently has the higher Sharpe Ratio (2.70 vs 2.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.