EVSM vs. HYMB
Compare and contrast key facts about Eaton Vance Short Duration Municipal Income ETF (EVSM) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
EVSM and HYMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVSM is a passively managed fund by Eaton Vance that tracks the performance of the ICE BofA 1-3 Year Municipal Securities Index. It was launched on Dec 19, 2018. HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011. Both EVSM and HYMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EVSM vs. HYMB - Performance Comparison
Loading graphics...
EVSM vs. HYMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVSM Eaton Vance Short Duration Municipal Income ETF | 0.42% | 4.24% | 2.52% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.82% | 2.04% | 3.29% |
Returns By Period
In the year-to-date period, EVSM achieves a 0.42% return, which is significantly lower than HYMB's 0.82% return.
EVSM
- 1D
- 0.08%
- 1M
- -0.64%
- YTD
- 0.42%
- 6M
- 1.05%
- 1Y
- 3.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYMB
- 1D
- 0.64%
- 1M
- -1.35%
- YTD
- 0.82%
- 6M
- 2.23%
- 1Y
- 2.88%
- 3Y*
- 4.34%
- 5Y*
- 0.49%
- 10Y*
- 2.52%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EVSM vs. HYMB - Expense Ratio Comparison
EVSM has a 0.19% expense ratio, which is lower than HYMB's 0.35% expense ratio.
Return for Risk
EVSM vs. HYMB — Risk / Return Rank
EVSM
HYMB
EVSM vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Municipal Income ETF (EVSM) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.
| EVSM | HYMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 0.49 | +1.34 |
Sortino ratioReturn per unit of downside risk | 2.27 | 0.61 | +1.66 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.12 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 0.71 | +1.88 |
Martin ratioReturn relative to average drawdown | 10.08 | 1.74 | +8.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EVSM | HYMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.49 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.07 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.81 | 0.44 | +1.37 |
Correlation
The correlation between EVSM and HYMB is 0.52, 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.
Dividends
EVSM vs. HYMB - Dividend Comparison
EVSM's dividend yield for the trailing twelve months is around 3.02%, less than HYMB's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVSM Eaton Vance Short Duration Municipal Income ETF | 3.02% | 3.12% | 2.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.59% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
Drawdowns
EVSM vs. HYMB - Drawdown Comparison
The maximum EVSM drawdown since its inception was -1.50%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for EVSM and HYMB.
Loading graphics...
Drawdown Indicators
| EVSM | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.50% | -29.57% | +28.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | -5.07% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -0.78% | -1.57% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -3.84% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 2.06% | -1.68% |
Volatility
EVSM vs. HYMB - Volatility Comparison
The current volatility for Eaton Vance Short Duration Municipal Income ETF (EVSM) is 0.49%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 2.21%. This indicates that EVSM experiences smaller price fluctuations and is considered to be less risky than HYMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EVSM | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.21% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 2.95% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 5.95% | -3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 6.63% | -4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.98% | 11.34% | -9.36% |