EVYM vs. WTMY

Last updated Aug 2, 2026

EVYM (Eaton Vance High Income Municipal ETF) and WTMY (WisdomTree High Income Laddered Municipal ETF) are both High Yield Muni funds. Both are actively managed. Over the past year, EVYM returned 9.11% vs 4.36% for WTMY. Their 0.59 correlation means they have sometimes moved together and sometimes differently. EVYM charges 0.40%/yr vs 0.35%/yr for WTMY.

Performance

EVYM vs. WTMY - Performance Comparison

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

Returns By Period

In the year-to-date period, EVYM achieves a 2.72% return, which is significantly higher than WTMY's 0.09% return.

EVYM

• 1D: -0.15%
• 1M: -2.00%
• 6M: 2.22%
• YTD: 2.72%
• 1Y: 9.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.58%

WTMY

• 1D: -0.34%
• 1M: -1.50%
• 6M: -0.91%
• YTD: 0.09%
• 1Y: 4.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVYM Eaton Vance High Income Municipal ETF	$310.70K	$294.42K	$276.58K
WTMY WisdomTree High Income Laddered Municipal ETF	$5.25K	$3.84K	$7.79K

EVYM vs. WTMY - Yearly Performance Comparison

	2026 (YTD)	2025
EVYM Eaton Vance High Income Municipal ETF	2.72%	4.03%
WTMY WisdomTree High Income Laddered Municipal ETF	0.09%	3.84%

Correlation

The correlation between EVYM and WTMY is 0.52, 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.	0.52
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.59

The correlation between EVYM and WTMY has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

Return for Risk

EVYM vs. WTMY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVYM

EVYM Risk / Return Rank: 93
EVYM Sharpe Ratio Rank: 94
EVYM Sortino Ratio Rank: 95
EVYM Omega Ratio Rank: 95
EVYM Calmar Ratio Rank: 88
EVYM Martin Ratio Rank: 90

WTMY

WTMY Risk / Return Rank: 68
WTMY Sharpe Ratio Rank: 78
WTMY Sortino Ratio Rank: 78
WTMY Omega Ratio Rank: 88
WTMY Calmar Ratio Rank: 50
WTMY Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVYM vs. WTMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Income Municipal ETF (EVYM) and WisdomTree High Income Laddered Municipal ETF (WTMY). 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	WTMY	Difference
Sharpe ratio: Return per unit of total volatility	2.68	1.81	+0.87
Sortino ratio: Return per unit of downside risk	4.06	2.55	+1.50
Omega ratio: Gain probability vs. loss probability	1.55	1.40	+0.15
Calmar ratio: Return relative to maximum drawdown	3.60	1.80	+1.80
Martin ratio: Return relative to average drawdown	14.70	5.01	+9.69

EVYM vs. WTMY - Sharpe Ratio Comparison

The current EVYM Sharpe Ratio is 2.68, which is higher than the WTMY Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of EVYM and WTMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVYM vs. WTMY - Drawdown Comparison

The maximum EVYM drawdown since its inception was -6.08%, which is greater than WTMY's maximum drawdown of -3.67%. Use the drawdown chart below to compare losses from any high point for EVYM and WTMY.

Drawdown Indicators

	EVYM	WTMY	Difference
Max Drawdown Largest peak-to-trough decline	-6.08%	-3.67%	-2.41%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-2.71%	-0.06%
Current Drawdown Current decline from peak	-2.00%	-1.98%	-0.02%
Average Drawdown Average peak-to-trough decline	-1.38%	-0.83%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.97%	-0.29%

Volatility

EVYM vs. WTMY - Volatility Comparison

The current volatility for Eaton Vance High Income Municipal ETF (EVYM) is 1.11%, while WisdomTree High Income Laddered Municipal ETF (WTMY) has a volatility of 1.19%. This indicates that EVYM experiences smaller price fluctuations and is considered to be less risky than WTMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVYM	WTMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	1.19%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	2.17%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	2.68%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	3.53%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	3.53%	+2.34%

EVYM vs. WTMY - Expense Ratio Comparison

EVYM has a 0.40% expense ratio, which is higher than WTMY's 0.35% expense ratio.

Dividends

EVYM vs. WTMY - Dividend Comparison

EVYM's dividend yield for the trailing twelve months is around 4.89%, more than WTMY's 3.57% yield.

Position	TTM	2025
EVYM Eaton Vance High Income Municipal ETF	4.89%	3.72%
WTMY WisdomTree High Income Laddered Municipal ETF	3.57%	2.56%

Frequently Asked Questions

Can I hold both EVYM and WTMY in my portfolio?

EVYM and WTMY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVYM or WTMY?

WTMY has higher volatility (1.19%) compared to EVYM (1.11%). In terms of maximum drawdown, EVYM dropped -6.08% vs WTMY's -3.67%.

Which ETF is better, EVYM or WTMY?

On 1-year performance, EVYM leads with 9.11% vs 4.36% for WTMY. On fees, WTMY is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVYM or WTMY?

Over the 1-year period, EVYM has performed better with a 9.11% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVYM or WTMY?

WTMY is cheaper with a 0.35% expense ratio, compared with 0.40% for EVYM.

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

EVYM has the higher dividend yield at 4.89%, compared with 3.57% for WTMY.

What is the main difference between EVYM and WTMY?

They also come from different issuers: Eaton Vance and WisdomTree. Their fees differ too: 0.40% for EVYM and 0.35% for WTMY.

Which has better risk-adjusted returns?

EVYM currently has the higher Sharpe Ratio (2.68 vs 1.81), 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.