EVSM vs VTI
Eaton Vance Short Duration Municipal Income ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | EVSM | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.03% | |
| AUM | $783M | $663.5B | |
| Dividend Yield | 2.99% | 1.07% | |
| Holdings | 359 | 3,543 | |
| YTD Return | +1.38% | +14.22% | |
| 1Y Return | +2.64% | +22.19% | |
| 3Y Return (annualized) | - | +21.27% | |
| 5Y Return (annualized) | - | +12.23% | |
| Volatility (annualized) | 1.4% | 15.3% | |
| Max Drawdown | -1.5% | -56.6% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Mar 25, 2024 | May 24, 2001 |
EVSM vs VTI Performance
Eaton Vance Short Duration Municipal Income ETF (EVSM) is a ETF from Eaton Vance and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year EVSM returned +2.64% while VTI returned +22.19%. Year to date, EVSM is up 1.38% versus a gain of 14.22% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSM charges 0.19% per year while VTI 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 1.07% for VTI.
Holdings Overlap
EVSM and VTI share 0 holdings out of 2881 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 VTI?
EVSM has an expense ratio of 0.19% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, EVSM or VTI?
Over the past year EVSM returned +2.64% vs +22.19% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), EVSM annualized +3.43% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, EVSM or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 1.4% for EVSM. Worst drawdown: EVSM -1.5% vs VTI -56.6%.
Should I hold both EVSM and VTI?
EVSM and VTI have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSM and VTI?
EVSM and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2881 unique securities.
Which pays a higher dividend, EVSM or VTI?
EVSM yields 2.99% while VTI yields 1.07%, so EVSM currently pays the higher dividend yield.
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