HIMU vs. EVYM
HIMU (iShares High Yield Muni Active ETF) and EVYM (Eaton Vance High Income Municipal ETF) are both High Yield Muni funds. Both are actively managed. Over the past year, HIMU returned 8.32% vs 10.57% for EVYM. A 0.69 correlation means they provide meaningful diversification when combined. HIMU charges 0.42%/yr vs 0.40%/yr for EVYM.
Performance
HIMU vs. EVYM - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with HIMU having a 4.05% return and EVYM slightly lower at 4.04%.
HIMU
- 1D
- -0.08%
- 1M
- 1.24%
- 6M
- 3.27%
- YTD
- 4.05%
- 1Y
- 8.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVYM
- 1D
- -0.06%
- 1M
- 0.46%
- 6M
- 3.55%
- YTD
- 4.04%
- 1Y
- 10.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIMU vs. EVYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIMU iShares High Yield Muni Active ETF | 4.05% | 1.16% |
EVYM Eaton Vance High Income Municipal ETF | 4.04% | 3.75% |
Correlation
The correlation between HIMU and EVYM is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025 | 0.69 |
The correlation between HIMU and EVYM has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIMU vs. EVYM — Risk / Return Rank
HIMU
EVYM
HIMU vs. EVYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Muni Active ETF (HIMU) 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.
| HIMU | EVYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.60 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.83 | -1.29 |
| Martin ratioReturn relative to average drawdown | 9.99 | 17.17 | -7.18 |
Loading charts...
Drawdowns
HIMU vs. EVYM - Drawdown Comparison
The maximum HIMU drawdown since its inception was -8.01%, which is greater than EVYM's maximum drawdown of -6.08%. Use the drawdown chart below to compare losses from any high point for HIMU and EVYM.
Loading charts...
Drawdown Indicators
| HIMU | EVYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.01% | -6.08% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -2.77% | -0.52% |
Current DrawdownCurrent decline from peak | -0.56% | -0.73% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -1.39% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.63% | +0.24% |
Volatility
HIMU vs. EVYM - Volatility Comparison
The current volatility for iShares High Yield Muni Active ETF (HIMU) is 0.96%, while Eaton Vance High Income Municipal ETF (EVYM) has a volatility of 1.02%. This indicates that HIMU experiences smaller price fluctuations and is considered to be less risky than EVYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIMU | EVYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.02% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 2.73% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.67% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 5.91% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 5.91% | +1.29% |
HIMU vs. EVYM - Expense Ratio Comparison
HIMU has a 0.42% expense ratio, which is higher than EVYM's 0.40% expense ratio.
Dividends
HIMU vs. EVYM - Dividend Comparison
HIMU's dividend yield for the trailing twelve months is around 5.10%, more than EVYM's 4.81% yield.
| Position | TTM | 2025 |
|---|---|---|
EVYM Eaton Vance High Income Municipal ETF | 4.81% | 3.72% |
HIMU iShares High Yield Muni Active ETF | 5.10% | 4.57% |
Frequently Asked Questions
HIMU and EVYM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVYM has higher volatility (1.02%) compared to HIMU (0.96%). In terms of maximum drawdown, HIMU dropped -8.01% vs EVYM's -6.08%.
On 1-year performance, EVYM leads with 10.57% vs 8.32% for HIMU. On fees, EVYM is cheaper at 0.40% 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 10.57% return vs 8.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVYM is cheaper with a 0.40% expense ratio, compared with 0.42% for HIMU.
HIMU has the higher dividend yield at 5.10%, compared with 4.81% for EVYM.
They also come from different issuers: iShares and Eaton Vance. Their fees differ too: 0.42% for HIMU and 0.40% for EVYM.
EVYM currently has the higher Sharpe Ratio (2.90 vs 1.91), 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.
Find the right allocation for HIMU and EVYM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer