EVIM vs IVV
Eaton Vance Intermediate Municipal Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | EVIM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.11% | 0.03% | |
| AUM | $284M | $907.0B | |
| Dividend Yield | 3.57% | 1.10% | |
| Holdings | 282 | 508 | |
| YTD Return | +0.83% | +12.96% | |
| 1Y Return | +5.63% | +20.70% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 4.6% | 15.1% | |
| Max Drawdown | -4.2% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 16, 2023 | May 15, 2000 |
EVIM vs IVV Performance
Eaton Vance Intermediate Municipal Income ETF (EVIM) is a ETF from Eaton Vance and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EVIM returned +5.63% while IVV returned +20.70%. Year to date, EVIM is up 0.83% versus a gain of 12.96% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.6% for EVIM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.2% for EVIM and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVIM charges 0.11% per year while IVV charges 0.03%. On a $10,000 position that is $11 vs $3 annually, a gap of $8 per year that compounds over a long holding period. On income, EVIM currently yields 3.57% against 1.10% for IVV.
Holdings Overlap
EVIM and IVV share 0 holdings out of 582 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVIM or IVV?
EVIM has an expense ratio of 0.11% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, EVIM or IVV?
Over the past year EVIM returned +5.63% vs +20.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), EVIM annualized +5.46% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, EVIM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.6% for EVIM. Worst drawdown: EVIM -4.2% vs IVV -56.5%.
Should I hold both EVIM and IVV?
EVIM and IVV have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVIM and IVV?
EVIM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 582 unique securities.
Which pays a higher dividend, EVIM or IVV?
EVIM yields 3.57% while IVV yields 1.10%, so EVIM currently pays the higher dividend yield.
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