EVIM vs. MLPX
EVIM (Eaton Vance Intermediate Municipal Income ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - EVIM is a Municipal Bonds fund actively managed by Eaton Vance, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. EVIM is actively managed, while MLPX is passively managed. Over the past year, EVIM returned 7.76% vs 27.99% for MLPX. At a 0.01 correlation, their price movements are largely independent. EVIM charges 0.29%/yr vs 0.45%/yr for MLPX.
Performance
EVIM vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, EVIM achieves a 2.01% return, which is significantly lower than MLPX's 26.34% return.
EVIM
- 1D
- 0.13%
- 1M
- 1.20%
- YTD
- 2.01%
- 6M
- 2.07%
- 1Y
- 7.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- 2.21%
- 1M
- -1.01%
- YTD
- 26.34%
- 6M
- 26.59%
- 1Y
- 27.99%
- 3Y*
- 29.17%
- 5Y*
- 21.45%
- 10Y*
- 13.35%
EVIM vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVIM Eaton Vance Intermediate Municipal Income ETF | 2.01% | 5.85% | 1.65% | 6.83% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.34% | 4.96% | 42.90% | 3.75% |
Correlation
The correlation between EVIM and MLPX is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.01 |
The correlation between EVIM and MLPX shifts across timeframes, from -0.20 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EVIM vs. MLPX — Risk / Return Rank
EVIM
MLPX
EVIM vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.31 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.44 | -0.89 |
| Martin ratioReturn relative to average drawdown | 8.10 | 8.20 | -0.09 |
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Drawdowns
EVIM vs. MLPX - Drawdown Comparison
The maximum EVIM drawdown since its inception was -4.23%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for EVIM and MLPX.
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Drawdown Indicators
| EVIM | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -70.67% | +66.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -8.18% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -0.39% | -3.58% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -16.57% | +15.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 3.42% | -2.46% |
Volatility
EVIM vs. MLPX - Volatility Comparison
The current volatility for Eaton Vance Intermediate Municipal Income ETF (EVIM) is 0.56%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 5.88%. This indicates that EVIM experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVIM | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 5.88% | -5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 12.02% | -10.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 15.53% | -12.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.82% | 20.03% | -16.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.82% | 26.47% | -22.65% |
EVIM vs. MLPX - Expense Ratio Comparison
EVIM has a 0.29% expense ratio, which is lower than MLPX's 0.45% expense ratio.
Dividends
EVIM vs. MLPX - Dividend Comparison
EVIM's dividend yield for the trailing twelve months is around 3.52%, less than MLPX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVIM Eaton Vance Intermediate Municipal Income ETF | 3.52% | 3.58% | 3.56% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.06% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
EVIM and MLPX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPX has higher volatility (5.88%) compared to EVIM (0.56%). In terms of maximum drawdown, EVIM dropped -4.23% vs MLPX's -70.67%.
On 1-year performance, MLPX leads with 27.99% vs 7.76% for EVIM. On fees, EVIM is cheaper at 0.29% per year. On volatility, EVIM has been the lower-risk option at 0.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MLPX has performed better with a 27.99% return vs 7.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVIM is cheaper with a 0.29% expense ratio, compared with 0.45% for MLPX.
MLPX has the higher dividend yield at 4.06%, compared with 3.52% for EVIM.
EVIM is categorized as Municipal Bonds, while MLPX is MLPs. They also come from different issuers: Eaton Vance and Global X. Their fees differ too: 0.29% for EVIM and 0.45% for MLPX.
EVIM currently has the higher Sharpe Ratio (2.82 vs 1.82), 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.
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