EVIM vs VYM
EVIM vs VYM
Eaton Vance Intermediate Municipal Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | EVIM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.11% | 0.04% | |
| AUM | $268M | $79.0B | |
| Dividend Yield | 3.50% | 2.86% | |
| Holdings | 264 | 568 | |
| YTD Return | +1.23% | +15.80% | |
| 1Y Return | +6.05% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 4.6% | 14.6% | |
| Max Drawdown | -4.2% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 16, 2023 | Nov 10, 2006 |
EVIM vs VYM Performance
Eaton Vance Intermediate Municipal Income ETF (EVIM) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EVIM returned +6.05% while VYM returned +26.12%. Year to date, EVIM is up 1.23% versus a gain of 15.80% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVIM charges 0.11% per year while VYM charges 0.04%. On a $10,000 position that is $11 vs $4 annually, a gap of $7 per year that compounds over a long holding period. On income, EVIM currently yields 3.50% against 2.86% for VYM.
Holdings Overlap
EVIM and VYM share 0 holdings out of 635 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 VYM?
EVIM has an expense ratio of 0.11% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, EVIM or VYM?
Over the past year EVIM returned +6.05% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), EVIM annualized +5.67% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, EVIM or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.6% for EVIM. Worst drawdown: EVIM -4.2% vs VYM -58.8%.
Should I hold both EVIM and VYM?
EVIM and VYM have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVIM and VYM?
EVIM and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 635 unique securities.
Which pays a higher dividend, EVIM or VYM?
EVIM yields 3.50% while VYM yields 2.86%, so EVIM currently pays the higher dividend yield.
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