EVIM vs. SPHY
Compare and contrast key facts about Eaton Vance Intermediate Municipal Income ETF (EVIM) and SPDR Portfolio High Yield Bond ETF (SPHY).
EVIM and SPHY 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. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVIM or SPHY.
Correlation
The correlation between EVIM and SPHY is 0.15, 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. SPHY - Performance Comparison
Key characteristics
EVIM:
0.49
SPHY:
1.67
EVIM:
0.65
SPHY:
2.44
EVIM:
1.10
SPHY:
1.36
EVIM:
0.57
SPHY:
1.92
EVIM:
1.79
SPHY:
10.20
EVIM:
1.34%
SPHY:
0.91%
EVIM:
4.95%
SPHY:
5.57%
EVIM:
-4.23%
SPHY:
-21.97%
EVIM:
-2.41%
SPHY:
-0.92%
Returns By Period
In the year-to-date period, EVIM achieves a -0.53% return, which is significantly lower than SPHY's 1.29% return.
EVIM
-0.53%
-1.48%
-0.18%
1.76%
N/A
N/A
SPHY
1.29%
1.20%
2.34%
7.82%
6.78%
4.54%
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EVIM vs. SPHY - Expense Ratio Comparison
EVIM has a 0.29% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
EVIM vs. SPHY — Risk-Adjusted Performance Rank
EVIM
SPHY
EVIM vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) and SPDR Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
EVIM's dividend yield for the trailing twelve months is around 3.81%, less than SPHY's 7.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVIM Eaton Vance Intermediate Municipal Income ETF | 3.81% | 3.89% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.77% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
EVIM vs. SPHY - Drawdown Comparison
The maximum EVIM drawdown since its inception was -4.23%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for EVIM and SPHY. For additional features, visit the drawdowns tool.
Volatility
EVIM vs. SPHY - Volatility Comparison
The current volatility for Eaton Vance Intermediate Municipal Income ETF (EVIM) is 3.04%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 4.23%. This indicates that EVIM experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.