EVYM vs VOO
EVYM vs VOO
Eaton Vance High Income Municipal 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 | EVYM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $58M | $979.0B | |
| Dividend Yield | 4.77% | 1.09% | |
| Holdings | 106 | 509 | |
| YTD Return | +3.10% | +13.80% | |
| 1Y Return | +9.77% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 5.3% | 14.1% | |
| Max Drawdown | -6.1% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Feb 25, 2025 | Sep 7, 2010 |
EVYM vs VOO Performance
Eaton Vance High Income Municipal ETF (EVYM) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVYM returned +9.77% while VOO returned +23.71%. Year to date, EVYM is up 3.10% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVYM charges 0.40% per year while VOO 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 VOO.
Holdings Overlap
EVYM and VOO 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 VOO?
EVYM has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, EVYM or VOO?
Over the past year EVYM returned +9.77% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), EVYM annualized +5.20% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, EVYM or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.3% for EVYM. Worst drawdown: EVYM -6.1% vs VOO -34.3%.
Should I hold both EVYM and VOO?
EVYM and VOO have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVYM and VOO?
EVYM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, EVYM or VOO?
EVYM yields 4.77% while VOO yields 1.09%, so EVYM currently pays the higher dividend yield.
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