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EVIM vs. MUST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

EVIM vs. MUST

Last updated May 12, 2025

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.

Correlation

The correlation between EVIM and MUST is 0.14, 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.

Performance

EVIM vs. MUST - Performance Comparison

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

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Key characteristics

Sharpe Ratio

EVIM:

0.30

MUST:

0.14

Sortino Ratio

EVIM:

0.44

MUST:

0.25

Omega Ratio

EVIM:

1.07

MUST:

1.03

Calmar Ratio

EVIM:

0.38

MUST:

0.16

Martin Ratio

EVIM:

1.15

MUST:

0.63

Ulcer Index

EVIM:

1.38%

MUST:

1.66%

Daily Std Dev

EVIM:

4.94%

MUST:

6.84%

Max Drawdown

EVIM:

-4.23%

MUST:

-13.83%

Current Drawdown

EVIM:

-2.18%

MUST:

-3.40%

Returns By Period

In the year-to-date period, EVIM achieves a -0.29% return, which is significantly lower than MUST's 0.01% return.

EVIM

YTD

-0.29%

1M

2.15%

6M

-0.65%

1Y

1.62%

5Y*

N/A

10Y*

N/A

MUST

YTD

0.01%

1M

2.67%

6M

-0.73%

1Y

0.94%

5Y*

1.44%

10Y*

N/A

*Annualized

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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.

EVIM
Eaton Vance Intermediate Municipal Income ETF
MUST
Columbia Multi-Sector Municipal Income ETF

Risk-Adjusted Performance

EVIM vs. MUST — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EVIM
The Risk-Adjusted Performance Rank of EVIM is 4747
Overall Rank
The Sharpe Ratio Rank of EVIM is 4545
Sharpe Ratio Rank
The Sortino Ratio Rank of EVIM is 3939
Sortino Ratio Rank
The Omega Ratio Rank of EVIM is 4141
Omega Ratio Rank
The Calmar Ratio Rank of EVIM is 5959
Calmar Ratio Rank
The Martin Ratio Rank of EVIM is 5151
Martin Ratio Rank
MUST
The Risk-Adjusted Performance Rank of MUST is 2525
Overall Rank
The Sharpe Ratio Rank of MUST is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of MUST is 2121
Sortino Ratio Rank
The Omega Ratio Rank of MUST is 2020
Omega Ratio Rank
The Calmar Ratio Rank of MUST is 2828
Calmar Ratio Rank
The Martin Ratio Rank of MUST is 2929
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current EVIM Sharpe Ratio is 0.30, which is higher than the MUST Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of EVIM and MUST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

EVIM vs. MUST - Dividend Comparison

EVIM's dividend yield for the trailing twelve months is around 3.80%, while MUST has not paid dividends to shareholders.

TTM20242023
EVIM
Eaton Vance Intermediate Municipal Income ETF		3.80%3.89%0.78%
MUST
Columbia Multi-Sector Municipal Income ETF		0.00%0.00%0.00%

Drawdowns

EVIM vs. MUST - Drawdown Comparison

The maximum EVIM drawdown since its inception was -4.23%, 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.

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Volatility

EVIM vs. MUST - Volatility Comparison

The current volatility for Eaton Vance Intermediate Municipal Income ETF (EVIM) is 1.37%, while Columbia Multi-Sector Municipal Income ETF (MUST) has a volatility of 2.45%. This indicates that EVIM experiences smaller price fluctuations and is considered to be less risky than MUST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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