EVYM vs. EVTR
EVYM (Eaton Vance High Income Municipal ETF) and EVTR (Eaton Vance Total Return Bond ETF) are both exchange-traded funds - EVYM is a High Yield Muni fund actively managed by Eaton Vance, while EVTR is a Intermediate Core-Plus Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, EVYM returned 9.11% vs 2.53% for EVTR. Their 0.62 correlation means they have sometimes moved together and sometimes differently. EVYM charges 0.40%/yr vs 0.32%/yr for EVTR.
Performance
EVYM vs. EVTR - Performance Comparison
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Returns By Period
In the year-to-date period, EVYM achieves a 2.72% return, which is significantly higher than EVTR's -0.42% return.
EVYM
- 1D
- -0.15%
- 1M
- -2.00%
- 6M
- 2.22%
- YTD
- 2.72%
- 1Y
- 9.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.58%
EVTR
- 1D
- -0.28%
- 1M
- -1.24%
- 6M
- -0.76%
- YTD
- -0.42%
- 1Y
- 2.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.87M | $22.94M | $25.52M | |
| $310.70K | $294.42K | $276.58K |
EVYM vs. EVTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVYM Eaton Vance High Income Municipal ETF | 2.72% | 3.75% |
EVTR Eaton Vance Total Return Bond ETF | -0.42% | 5.40% |
Correlation
The correlation between EVYM and EVTR is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025 | 0.62 |
The correlation between EVYM and EVTR has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.
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Return for Risk
EVYM vs. EVTR — Risk / Return Rank
EVYM
EVTR
EVYM vs. EVTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Income Municipal ETF (EVYM) and Eaton Vance Total Return Bond ETF (EVTR). 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.
| EVYM | EVTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.15 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 1.12 | +2.48 |
| Martin ratioReturn relative to average drawdown | 14.70 | 3.02 | +11.69 |
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Drawdowns
EVYM vs. EVTR - Drawdown Comparison
The maximum EVYM drawdown since its inception was -6.08%, which is greater than EVTR's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for EVYM and EVTR.
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Drawdown Indicators
| EVYM | EVTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.08% | -4.08% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.86% | +0.09% |
Current DrawdownCurrent decline from peak | -2.00% | -2.14% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -0.99% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.06% | -0.38% |
Volatility
EVYM vs. EVTR - Volatility Comparison
Eaton Vance High Income Municipal ETF (EVYM) and Eaton Vance Total Return Bond ETF (EVTR) have volatilities of 1.11% and 1.08%, 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
| EVYM | EVTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.08% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 3.11% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.76% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 4.30% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 4.30% | +1.57% |
EVYM vs. EVTR - Expense Ratio Comparison
EVYM has a 0.40% expense ratio, which is higher than EVTR's 0.32% expense ratio.
Dividends
EVYM vs. EVTR - Dividend Comparison
EVYM's dividend yield for the trailing twelve months is around 4.89%, more than EVTR's 4.81% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVTR Eaton Vance Total Return Bond ETF | 4.81% | 4.51% | 4.26% |
EVYM Eaton Vance High Income Municipal ETF | 4.89% | 3.72% | 0.00% |
Frequently Asked Questions
EVYM and EVTR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVYM has higher volatility (1.11%) compared to EVTR (1.08%). In terms of maximum drawdown, EVYM dropped -6.08% vs EVTR's -4.08%.
On 1-year performance, EVYM leads with 9.11% vs 2.53% for EVTR. On fees, EVTR is cheaper at 0.32% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVYM has performed better with a 9.11% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVTR is cheaper with a 0.32% expense ratio, compared with 0.40% for EVYM.
EVYM has the higher dividend yield at 4.89%, compared with 4.81% for EVTR.
EVYM is categorized as High Yield Muni, while EVTR is Intermediate Core-Plus Bond. Their fees differ too: 0.40% for EVYM and 0.32% for EVTR.
EVYM currently has the higher Sharpe Ratio (2.68 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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