EVIM vs. MEAR
Compare and contrast key facts about Eaton Vance Intermediate Municipal Income ETF (EVIM) and iShares Short Maturity Municipal Bond ETF (MEAR).
EVIM and MEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVIM is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Performance
EVIM vs. MEAR - Performance Comparison
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EVIM vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVIM Eaton Vance Intermediate Municipal Income ETF | -0.16% | 5.85% | 1.65% | 6.88% |
MEAR iShares Short Maturity Municipal Bond ETF | 0.47% | 3.76% | 3.40% | 1.41% |
Returns By Period
In the year-to-date period, EVIM achieves a -0.16% return, which is significantly lower than MEAR's 0.47% return.
EVIM
- 1D
- 0.38%
- 1M
- -2.51%
- YTD
- -0.16%
- 6M
- 1.87%
- 1Y
- 5.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- 0.12%
- 1M
- -0.31%
- YTD
- 0.47%
- 6M
- 1.07%
- 1Y
- 3.12%
- 3Y*
- 3.50%
- 5Y*
- 2.30%
- 10Y*
- 1.74%
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EVIM vs. MEAR - Expense Ratio Comparison
EVIM has a 0.29% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Return for Risk
EVIM vs. MEAR — Risk / Return Rank
EVIM
MEAR
EVIM vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) and iShares Short Maturity Municipal Bond ETF (MEAR). 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.
| EVIM | MEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 2.71 | -1.31 |
Sortino ratioReturn per unit of downside risk | 1.76 | 3.63 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.70 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 3.69 | -2.01 |
Martin ratioReturn relative to average drawdown | 5.26 | 20.82 | -15.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVIM | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 2.71 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.49 | 1.09 | +0.40 |
Correlation
The correlation between EVIM and MEAR is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EVIM vs. MEAR - Dividend Comparison
EVIM's dividend yield for the trailing twelve months is around 3.58%, more than MEAR's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVIM Eaton Vance Intermediate Municipal Income ETF | 3.58% | 3.58% | 3.56% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.87% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Drawdowns
EVIM vs. MEAR - Drawdown Comparison
The maximum EVIM drawdown since its inception was -4.23%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for EVIM and MEAR.
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Drawdown Indicators
| EVIM | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -2.68% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -0.86% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -2.51% | -0.35% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -0.19% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.15% | +0.98% |
Volatility
EVIM vs. MEAR - Volatility Comparison
Eaton Vance Intermediate Municipal Income ETF (EVIM) has a higher volatility of 1.38% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.36%. This indicates that EVIM's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVIM | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.36% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 0.60% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 1.16% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.94% | 0.98% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 1.52% | +2.42% |