EVYM vs VYM
EVYM vs VYM
Eaton Vance High Income Municipal 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 | EVYM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.04% | |
| AUM | $58M | $79.0B | |
| Dividend Yield | 4.77% | 2.86% | |
| Holdings | 106 | 568 | |
| YTD Return | +3.10% | +15.80% | |
| 1Y Return | +9.77% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 5.3% | 14.6% | |
| Max Drawdown | -6.1% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Feb 25, 2025 | Nov 10, 2006 |
EVYM vs VYM Performance
Eaton Vance High Income Municipal ETF (EVYM) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EVYM returned +9.77% while VYM returned +26.12%. Year to date, EVYM is up 3.10% 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 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 -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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVYM charges 0.40% per year while VYM charges 0.04%. On a $10,000 position that is $40 vs $4 annually, a gap of $36 per year that compounds over a long holding period. On income, EVYM currently yields 4.77% against 2.86% for VYM.
Holdings Overlap
EVYM and VYM share 0 holdings out of 593 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 VYM?
EVYM has an expense ratio of 0.40% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, EVYM or VYM?
Over the past year EVYM returned +9.77% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), EVYM annualized +5.20% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, EVYM or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.3% for EVYM. Worst drawdown: EVYM -6.1% vs VYM -58.8%.
Should I hold both EVYM and VYM?
EVYM and VYM have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVYM and VYM?
EVYM and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 593 unique securities.
Which pays a higher dividend, EVYM or VYM?
EVYM yields 4.77% while VYM yields 2.86%, so EVYM currently pays the higher dividend yield.
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