Eaton Vance Short Duration Municipal Income ETF
$49.44−0.14 (−0.27%)
History starts Mar 26, 2024.
- Expense ratio
- 0.19%
- Fund size
- $838M
- 1Y return
- +0.9%
- Yield · Last 12 months
- 3.04%
- Holdings
- 393
- Volume · 30D
- 0.1M sh
- NAV per share
- $49.57
- 52W range
The ETF.net EVSM Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 61Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 50Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
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
- 393
- 10%
- CHARLOTTE-MECKL VAR 01/38
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.
EVSM$10,090
Returns run to the Sep 22, 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 | +0.4% |
| 1 month | −0.9% |
| 3 months | −0.8% |
| 1 year | +0.9% |
| 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 | +0.4% | |
| 2025 | +4.2% | |
| 2024 | +2.6% |
EVSM in the news
EVSM Dividends
- 3.04%
- $1.51
- $0.12 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.12 |
| Jul 31, 2026 | Aug 6, 2026 | $0.13 |
| Jun 30, 2026 | Jul 7, 2026 | $0.13 |
| May 29, 2026 | Jun 4, 2026 | $0.13 |
| Apr 30, 2026 | May 6, 2026 | $0.13 |
| Mar 31, 2026 | Apr 7, 2026 | $0.13 |
| Feb 27, 2026 | Mar 5, 2026 | $0.12 |
| Jan 30, 2026 | Feb 5, 2026 | $0.11 |
| Dec 23, 2025 | Dec 30, 2025 | $0.13 |
| Nov 28, 2025 | Dec 4, 2025 | $0.12 |
| Oct 31, 2025 | Nov 6, 2025 | $0.13 |
| Sep 30, 2025 | Oct 6, 2025 | $0.12 |
EVSM Risk
- 1.4%
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.
- −0.68
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.
- −1.5%
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%
10 of the 27 Short-Duration Municipal Bonds funds charge less.