EVYM vs IVV
Eaton Vance High Income Municipal 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 505 holdings.
Side-by-Side Comparison
| Metric | EVYM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $58M | $865.2B | |
| Dividend Yield | 4.77% | 1.09% | |
| Holdings | 106 | 508 | |
| YTD Return | +3.10% | +13.80% | |
| 1Y Return | +9.77% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 5.3% | 15.1% | |
| Max Drawdown | -6.1% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Feb 25, 2025 | May 15, 2000 |
EVYM vs IVV Performance
Eaton Vance High Income Municipal ETF (EVYM) 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 EVYM returned +9.77% while IVV returned +23.70%. Year to date, EVYM is up 3.10% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.3% for EVYM. 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 -6.1% for EVYM 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVYM charges 0.40% per year while IVV charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, EVYM currently yields 4.77% against 1.09% for IVV.
Holdings Overlap
EVYM and IVV share 0 holdings out of 540 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, EVYM or IVV?
EVYM has an expense ratio of 0.40% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, EVYM or IVV?
Over the past year EVYM returned +9.77% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), EVYM annualized +5.20% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, EVYM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.3% for EVYM. Worst drawdown: EVYM -6.1% vs IVV -56.5%.
Should I hold both EVYM and IVV?
EVYM and IVV have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVYM and IVV?
EVYM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, EVYM or IVV?
EVYM yields 4.77% while IVV yields 1.09%, so EVYM currently pays the higher dividend yield.
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