Eaton Vance High Income Municipal ETF
$46.97+0.32 (+0.68%)
- 0.40%
- $54M
- −1.2%
- 5.27%
- 0M sh
- $46.63
- low $46.34high $51.23
The ETF.net EVYM Grade
B
Score 57 out of 100
- 13 of 19
Score 57 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.C50 out of 100Rank 9 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 3 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 7 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 13 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 14 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D34 out of 100Rank 15 of 19
Our read on EVYM
BA 2025 arrival from Eaton Vance that skips the plain-vanilla muni index route and reaches for high current income exempt from regular federal income tax, paid out monthly.
The Fund seeks high current income that is exempt from regular federal income tax.
Why people hold it
- Single clear job: high current income exempt from regular federal income tax. Income shows up monthly rather than quarterly.
- The portfolio matches the label. It stays in US municipal bonds, so you get the exposure the name advertises.
- Ordinary 1940 Act fund plumbing, not a partnership or a bank note. No exotic wrapper to decode at tax time.
Worth knowing
- At 0.40% it runs above the 0.30% muni-cohort median, and far above index workhorses like VTEB (0.03%) and MUB (0.05%).
- Launched in 2025 and thinly traded, so spreads can be wider than the category giants. Limit orders are the friendly move.
- The exemption covers regular federal income tax only. State and local tax treatment depends on where you live and what the fund holds.
EVYM Holdings
- Other
- 118
- 19%
- Mobile Cnty 4.75% 12/54
Geography
- United States100.00%
EVYM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
EVYM$9,875
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 | EVYM |
|---|---|
| Year to date | −3.0% |
| 1 month | −3.5% |
| 3 months | −6.8% |
| 1 year | −1.2% |
| 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 | EVYM |
|---|---|---|
| 2026 YTD | −3.0% | |
| 2025 | +3.7% |
EVYM in the news
EVYM Dividends
- 5.27%
- $2.46
- $0.21 per share
- Monthly
Distribution history
EVYM Risk
- 6.5%
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.
- −0.50
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.
- −7.8%
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.
- 0.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EVYM Cost
0.40%
EVYM0.40%
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
8 of the 19 High-Yield Municipal Bonds funds charge less.
Other funds in High-Yield Municipal Bonds
- BIROCInvesco Rochester High Yield Municipal ETFExpense ratio 0.40%1 year return −0.9%
- BSHYMiShares Short Duration High Yield Muni Active ETFExpense ratio 0.42%1 year return +1.0%
- BFCALFirst Trust California Municipal High Income ETFExpense ratio 0.49%1 year return −2.3%
- CHTAXNomura National High-Yield Municipal Bond ETFExpense ratio 0.49%1 year return −2.2%
- CJMHIJPMorgan High Yield Municipal ETFExpense ratio 0.52%1 year return −2.8%