EVIM vs. MUST
Compare and contrast key facts about Eaton Vance Intermediate Municipal Income ETF (EVIM) and Columbia Multi-Sector Municipal Income ETF (MUST).
EVIM and MUST 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. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVIM or MUST.
Key characteristics
| EVIM | MUST | |
|---|---|---|
| YTD Return | 2.07% | 0.64% |
| 1Y Return | 6.53% | 6.63% |
| Sharpe Ratio | 1.88 | 1.38 |
| Sortino Ratio | 2.73 | 2.03 |
| Omega Ratio | 1.38 | 1.25 |
| Calmar Ratio | 3.05 | 0.77 |
| Martin Ratio | 10.27 | 7.12 |
| Ulcer Index | 0.69% | 0.99% |
| Daily Std Dev | 3.78% | 5.10% |
| Max Drawdown | -2.34% | -13.83% |
| Current Drawdown | -1.10% | -3.15% |
Correlation
The correlation between EVIM and MUST is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EVIM vs. MUST - Performance Comparison
In the year-to-date period, EVIM achieves a 2.07% return, which is significantly higher than MUST's 0.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EVIM vs. MUST - Expense Ratio Comparison
EVIM has a 0.29% expense ratio, which is higher than MUST's 0.23% expense ratio.
Risk-Adjusted Performance
EVIM vs. MUST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) and Columbia Multi-Sector Municipal Income ETF (MUST). 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.
Dividends
EVIM vs. MUST - Dividend Comparison
EVIM's dividend yield for the trailing twelve months is around 4.03%, more than MUST's 3.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EVIM Eaton Vance Intermediate Municipal Income ETF | 4.03% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUST Columbia Multi-Sector Municipal Income ETF | 3.04% | 2.51% | 1.76% | 1.61% | 2.34% | 2.69% | 0.55% |
Drawdowns
EVIM vs. MUST - Drawdown Comparison
The maximum EVIM drawdown since its inception was -2.34%, smaller than the maximum MUST drawdown of -13.83%. Use the drawdown chart below to compare losses from any high point for EVIM and MUST. For additional features, visit the drawdowns tool.
Volatility
EVIM vs. MUST - Volatility Comparison
Eaton Vance Intermediate Municipal Income ETF (EVIM) and Columbia Multi-Sector Municipal Income ETF (MUST) have volatilities of 2.25% and 2.17%, 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.