EVSM vs VOO
Eaton Vance Short Duration Municipal Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EVSM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.03% | |
| AUM | $783M | $979.0B | |
| Dividend Yield | 2.99% | 1.09% | |
| Holdings | 359 | 509 | |
| YTD Return | +1.27% | +13.79% | |
| 1Y Return | +2.68% | +23.01% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 1.4% | 14.1% | |
| Max Drawdown | -1.5% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Mar 25, 2024 | Sep 7, 2010 |
EVSM vs VOO Performance
Eaton Vance Short Duration Municipal Income ETF (EVSM) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVSM returned +2.68% while VOO returned +23.01%. Year to date, EVSM is up 1.27% versus a gain of 13.79% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 1.4% for EVSM. 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 -1.5% for EVSM and -34.3% for VOO. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSM charges 0.19% per year while VOO charges 0.03%. On a $10,000 position that is $19 vs $3 annually, a gap of $16 per year that compounds over a long holding period. On income, EVSM currently yields 2.99% against 1.09% for VOO.
Holdings Overlap
EVSM and VOO share 0 holdings out of 603 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, EVSM or VOO?
EVSM has an expense ratio of 0.19% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, EVSM or VOO?
Over the past year EVSM returned +2.68% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), EVSM annualized +3.39% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, EVSM or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 1.4% for EVSM. Worst drawdown: EVSM -1.5% vs VOO -34.3%.
Should I hold both EVSM and VOO?
EVSM and VOO have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSM and VOO?
EVSM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 603 unique securities.
Which pays a higher dividend, EVSM or VOO?
EVSM yields 2.99% while VOO yields 1.09%, so EVSM currently pays the higher dividend yield.
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