Eaton Vance Short Duration Municipal Income ETF
$49.43+0.09 (+0.17%)
- 0.19%
- $1.0B
- +0.7%
- 3.04%
- 0.2M sh
- $49.29
- low $49.03high $50.88
The ETF.net EVSM Grade
B
Score 68 out of 100
- 10 of 28
Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B63 out of 100Rank 10 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 25 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 9 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B67 out of 100Rank 9 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 13 of 28
Our read on EVSM
BTax-free monthly income with the interest-rate dial turned down. EVSM's own mandate keeps average duration under three years, and it charges well under the typical muni bond ETF, an unusual combination in a fee-sensitive category.
The Fund seeks current income exempt from regular federal income tax. It invests as a short-duration municipal strategy, normally maintaining a dollar-weighted average portfolio duration below three years.
Why people hold it
- 0.19% a year, versus a roughly 0.30% median for muni bond ETFs. When most of the return is coupon, the fee gap is real money.
- The short leash is contractual, not a style drift: the fund normally keeps dollar-weighted average duration below three years, measured against a 1-3 year municipal index.
- Income is the stated job, and it arrives monthly. The objective is current income exempt from regular federal income tax.
- Trading since 2018 under the Eaton Vance banner, with a solid asset base and a standing in the upper half of a crowded muni bond ETF field.
Worth knowing
- Short is the whole point, which means skipping the longer end of the muni curve where more yield typically sits.
- Broad muni index funds undercut it on price: VTEB and MUB run at 0.03% and 0.05%. They also span the full maturity curve rather than the short end.
- Volume is moderate rather than heavy, which is typical for a short-duration muni fund of this size.
EVSM Holdings
- Other
- 440
- 11%
- Washington Cnty Var 07/34
Geography
- United States100.00%
EVSM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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EVSM$10,071
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EVSM |
|---|---|
| Year to date | +0.2% |
| 1 month | −0.5% |
| 3 months | −1.2% |
| 1 year | +0.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EVSM |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +4.2% | |
| 2024 | +2.6% |
EVSM in the news
EVSM Dividends
- 3.04%
- $1.50
- $0.12 per share
- Monthly
Distribution history
EVSM Risk
- 1.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.94
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EVSM Cost
0.19%
EVSM0.19%
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
9 of the 27 Short-Duration Municipal Bonds funds charge less.
Other funds in Short-Duration Municipal Bonds
- APUSHPGIM Ultra Short Municipal Bond ETFExpense ratio 0.15%1 year return +2.1%
- ASMBVanEck Short Muni ETFExpense ratio 0.07%1 year return +0.5%
- BMEARiShares Short Maturity Municipal Bond Active ETFExpense ratio 0.26%1 year return +1.4%
- BCGSMCapital Group Short Duration Municipal Income ETFExpense ratio 0.25%1 year return +0.9%
- BFTMSFranklin Short-Term Municipal Income ETFExpense ratio 0.22%1 year return —