EVYM vs. YYYM

Last updated Aug 2, 2026

EVYM (Eaton Vance High Income Municipal ETF) and YYYM (Amplify Municipal CEF High Income ETF) are both High Yield Muni funds. EVYM is actively managed, while YYYM is passively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. EVYM charges 0.40%/yr vs 2.78%/yr for YYYM.

Performance

EVYM vs. YYYM - Performance Comparison

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

Returns By Period

EVYM

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

YYYM

• 1D: -0.10%
• 1M: -3.39%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
YYYM Amplify Municipal CEF High Income ETF	$60.06K	$46.73K	$39.85K

EVYM vs. YYYM - Yearly Performance Comparison

	2026 (YTD)
EVYM Eaton Vance High Income Municipal ETF	0.84%
YYYM Amplify Municipal CEF High Income ETF	-0.40%

Correlation

The correlation between EVYM and YYYM is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026	0.65

Return for Risk

EVYM vs. YYYM — 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

YYYM

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

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. YYYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Income Municipal ETF (EVYM) and Amplify Municipal CEF High Income ETF (YYYM). 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	YYYM	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	4.06	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	3.60	—	—
Martin ratio: Return relative to average drawdown	14.70	—	—

Drawdowns

EVYM vs. YYYM - Drawdown Comparison

The maximum EVYM drawdown since its inception was -6.08%, which is greater than YYYM's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for EVYM and YYYM.

Drawdown Indicators

	EVYM	YYYM	Difference
Max Drawdown Largest peak-to-trough decline	-6.08%	-5.28%	-0.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	—	—
Current Drawdown Current decline from peak	-2.00%	-4.32%	+2.32%
Average Drawdown Average peak-to-trough decline	-1.38%	-1.34%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	—	—

Volatility

Volatility by Period

	EVYM	YYYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	9.32%	-5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	9.32%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	9.32%	-3.45%

EVYM vs. YYYM - Expense Ratio Comparison

EVYM has a 0.40% expense ratio, which is lower than YYYM's 2.78% expense ratio.

Dividends

EVYM vs. YYYM - Dividend Comparison

EVYM's dividend yield for the trailing twelve months is around 4.89%, more than YYYM's 2.42% yield.

Position	TTM	2025
EVYM Eaton Vance High Income Municipal ETF	4.89%	3.72%
YYYM Amplify Municipal CEF High Income ETF	2.42%	0.00%

Frequently Asked Questions

Can I hold both EVYM and YYYM in my portfolio?

EVYM and YYYM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVYM or YYYM?

On fees, EVYM is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVYM or YYYM?

EVYM is cheaper with a 0.40% expense ratio, compared with 2.78% for YYYM.

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

EVYM has the higher dividend yield at 4.89%, compared with 2.42% for YYYM.

What is the main difference between EVYM and YYYM?

They also come from different issuers: Eaton Vance and Amplify. Their fees differ too: 0.40% for EVYM and 2.78% for YYYM.