EVIM vs. VTEB
Compare and contrast key facts about Eaton Vance Intermediate Municipal Income ETF (EVIM) and Vanguard Tax-Exempt Bond ETF (VTEB).
EVIM and VTEB 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. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Performance
EVIM vs. VTEB - Performance Comparison
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EVIM vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EVIM Eaton Vance Intermediate Municipal Income ETF | -0.04% | 5.85% | 1.65% | 6.88% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 3.72% | 1.31% | 8.56% |
Returns By Period
In the year-to-date period, EVIM achieves a -0.04% return, which is significantly lower than VTEB's 0.09% return.
EVIM
- 1D
- 0.12%
- 1M
- -2.13%
- YTD
- -0.04%
- 6M
- 1.92%
- 1Y
- 5.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTEB
- 1D
- 0.32%
- 1M
- -1.61%
- YTD
- 0.09%
- 6M
- 1.54%
- 1Y
- 3.92%
- 3Y*
- 2.78%
- 5Y*
- 0.88%
- 10Y*
- 2.09%
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EVIM vs. VTEB - Expense Ratio Comparison
EVIM has a 0.29% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Return for Risk
EVIM vs. VTEB — Risk / Return Rank
EVIM
VTEB
EVIM vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) and Vanguard Tax-Exempt Bond ETF (VTEB). 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 | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 0.99 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.25 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.25 | +0.38 |
Martin ratioReturn relative to average drawdown | 5.07 | 3.69 | +1.39 |
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 | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.99 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.50 | 0.45 | +1.05 |
Correlation
The correlation between EVIM and VTEB is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EVIM vs. VTEB - Dividend Comparison
EVIM's dividend yield for the trailing twelve months is around 3.58%, more than VTEB's 3.37% 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.37% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
EVIM vs. VTEB - Drawdown Comparison
The maximum EVIM drawdown since its inception was -4.23%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for EVIM and VTEB.
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Drawdown Indicators
| EVIM | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -17.00% | +12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.45% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.86% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -2.35% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.17% | -0.03% |
Volatility
EVIM vs. VTEB - Volatility Comparison
Eaton Vance Intermediate Municipal Income ETF (EVIM) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.31% and 1.37%, 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.
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Volatility by Period
| EVIM | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.37% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 1.87% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 4.00% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.94% | 3.88% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 5.25% | -1.31% |