MUST vs. EVIM
Compare and contrast key facts about Columbia Multi-Sector Municipal Income ETF (MUST) and Eaton Vance Intermediate Municipal Income ETF (EVIM).
MUST and EVIM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018. EVIM is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023.
Performance
MUST vs. EVIM - Performance Comparison
Loading graphics...
MUST vs. EVIM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 0.02% | 4.92% | 0.37% | 9.42% |
EVIM Eaton Vance Intermediate Municipal Income ETF | -0.16% | 5.85% | 1.65% | 6.88% |
Returns By Period
In the year-to-date period, MUST achieves a 0.02% return, which is significantly higher than EVIM's -0.16% return.
MUST
- 1D
- 0.34%
- 1M
- -2.40%
- YTD
- 0.02%
- 6M
- 1.52%
- 1Y
- 5.29%
- 3Y*
- 2.90%
- 5Y*
- 0.78%
- 10Y*
- —
EVIM
- 1D
- 0.38%
- 1M
- -2.51%
- YTD
- -0.16%
- 6M
- 1.87%
- 1Y
- 5.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MUST vs. EVIM - Expense Ratio Comparison
MUST has a 0.23% expense ratio, which is lower than EVIM's 0.29% expense ratio.
Return for Risk
MUST vs. EVIM — Risk / Return Rank
MUST
EVIM
MUST vs. EVIM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) and Eaton Vance Intermediate Municipal Income ETF (EVIM). 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.
| MUST | EVIM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.40 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.76 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.34 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.68 | -0.51 |
Martin ratioReturn relative to average drawdown | 4.26 | 5.26 | -1.00 |
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
| MUST | EVIM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.40 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.49 | -0.98 |
Correlation
The correlation between MUST and EVIM is 0.50, 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
MUST vs. EVIM - Dividend Comparison
MUST's dividend yield for the trailing twelve months is around 3.29%, less than EVIM's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 3.29% | 3.28% | 3.13% | 2.51% | 1.76% | 1.62% | 2.33% | 2.70% | 0.55% |
EVIM Eaton Vance Intermediate Municipal Income ETF | 3.58% | 3.58% | 3.56% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MUST vs. EVIM - Drawdown Comparison
The maximum MUST drawdown since its inception was -13.83%, which is greater than EVIM's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for MUST and EVIM.
Loading graphics...
Drawdown Indicators
| MUST | EVIM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.83% | -4.23% | -9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -3.54% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.51% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -0.82% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.13% | +0.12% |
Volatility
MUST vs. EVIM - Volatility Comparison
Columbia Multi-Sector Municipal Income ETF (MUST) has a higher volatility of 1.84% compared to Eaton Vance Intermediate Municipal Income ETF (EVIM) at 1.38%. This indicates that MUST's price experiences larger fluctuations and is considered to be riskier than EVIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MUST | EVIM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.38% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 1.82% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 4.07% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 3.94% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 3.94% | +1.66% |