EVPF vs. EVYM

Last updated Jun 24, 2026

EVPF (Eaton Vance Preferred Securities and Income ETF) and EVYM (Eaton Vance High Income Municipal ETF) are both exchange-traded funds - EVPF is a Preferred Stock/Convertible Bonds fund actively managed by Eaton Vance, while EVYM is a High Yield Muni fund actively managed by Eaton Vance. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. EVPF charges 0.39%/yr vs 0.40%/yr for EVYM.

Performance

EVPF vs. EVYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Preferred Securities and Income ETF (EVPF) and Eaton Vance High Income Municipal ETF (EVYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVPF

• 1D: 0.01%
• 1M: 0.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVYM

• 1D: 0.13%
• 1M: 1.59%
• YTD: 3.83%
• 6M: 4.13%
• 1Y: 10.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVPF vs. EVYM - Yearly Performance Comparison

	2026 (YTD)
EVPF Eaton Vance Preferred Securities and Income ETF	1.29%
EVYM Eaton Vance High Income Municipal ETF	1.83%

Correlation

The correlation between EVPF and EVYM is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026	0.66

Return for Risk

EVPF vs. EVYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVPF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EVYM

EVYM Risk / Return Rank: 86
EVYM Sharpe Ratio Rank: 90
EVYM Sortino Ratio Rank: 93
EVYM Omega Ratio Rank: 93
EVYM Calmar Ratio Rank: 77
EVYM Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVPF vs. EVYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Preferred Securities and Income ETF (EVPF) and Eaton Vance High Income Municipal ETF (EVYM). 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.

	EVPF	EVYM	Difference
Sharpe ratio: Return per unit of total volatility	—	2.74	—
Sortino ratio: Return per unit of downside risk	—	4.19	—
Omega ratio: Gain probability vs. loss probability	—	1.57	—
Calmar ratio: Return relative to maximum drawdown	—	3.64	—
Martin ratio: Return relative to average drawdown	—	13.77	—

Drawdowns

EVPF vs. EVYM - Drawdown Comparison

The maximum EVPF drawdown since its inception was -2.36%, smaller than the maximum EVYM drawdown of -6.08%. Use the drawdown chart below to compare losses from any high point for EVPF and EVYM.

Drawdown Indicators

	EVPF	EVYM	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-6.08%	+3.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.77%	—
Current Drawdown Current decline from peak	-0.17%	-0.16%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.47%	-1.43%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.73%	—

Volatility

Volatility by Period

	EVPF	EVYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	3.67%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.08%	6.00%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.08%	6.00%	-1.92%

EVPF vs. EVYM - Expense Ratio Comparison

EVPF has a 0.39% expense ratio, which is lower than EVYM's 0.40% expense ratio.

Dividends

EVPF vs. EVYM - Dividend Comparison

EVPF's dividend yield for the trailing twelve months is around 1.08%, less than EVYM's 4.76% yield.

Position	TTM	2025
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	0.00%
EVYM Eaton Vance High Income Municipal ETF	4.76%	3.72%

Frequently Asked Questions

Can I hold both EVPF and EVYM in my portfolio?

EVPF and EVYM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVPF or EVYM?

On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVPF or EVYM?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.40% for EVYM.

Which ETF pays a higher dividend yield, EVPF or EVYM?

EVYM has the higher dividend yield at 4.76%, compared with 1.08% for EVPF.

What is the main difference between EVPF and EVYM?

EVPF is categorized as Preferred Stock/Convertible Bonds, while EVYM is High Yield Muni. Their fees differ too: 0.39% for EVPF and 0.40% for EVYM.