CGHM vs EVYM: Grades, Fees and Holdings Compared

Capital Group Municipal High-Income ETF

CGHMANYSE Arca

Eaton Vance High Income Municipal ETF

EVYMBNasdaq

Overlap

No data

Expense ratio

CGHM −0.06pt a year

CGHM0.34%EVYM0.40%

Avg volume · 30D

CGHM 66.7×the volume

CGHM865KEVYM13K

CGHM vs EVYM Performance

Oct 31, 2025 – Nov 2, 2026

+1.2%CGHM+1.4%EVYM

Expense ratio: CGHM 0.34%, better; EVYM 0.40%
Fund size: CGHM $3.75B; EVYM $61M
1Y total return: CGHM +1.2%; EVYM +1.4%, better
Yield (12M): CGHM 4.33%; EVYM 5.08%, better
Holdings: CGHM 3762; EVYM 120
Avg volume (30D): CGHM 865K sh, better; EVYM 13K sh
NAV per share: CGHM $24.72; EVYM $48.13
52W range

ETF.net Grade

Pillar letters and Scores for CGHM, EVYM, with each pillar’s weight
Pillar	CGHM	EVYM
Cost30% weight	A78Higher	C47
Mission25% weight	A100Higher	A96
Risk15% weight	B61Higher	C51
Tradability15% weight	B69Higher	C48
Holdings10% weight	A96Higher	D37
Durability5% weight	B67Higher	D33

Rank among High-Yield Municipal Bonds funds

How we build Categories ›

Same Category. CGHM and EVYM are both graded against the same 18 High-Yield Municipal Bonds funds, so their Grades compare head to head.

High-Yield Municipal Bonds⁠

Category · 18 funds

See all 18 ›

CGHM ranks 1st and EVYM 12th of 18 funds in the High-Yield Municipal Bonds Category.

Rank 1ACGHMCapital Group Municipal High-Income ETFScore 80
Rank 2AHYDVanEck High Yield Muni ETFScore 79
Rank 10BNHYMNuveen High Yield Municipal IncomeScore 61
Rank 12BEVYMEaton Vance High Income Municipal ETFScore 58
Rank 13BFMHIFirst Trust Municipal High Income ETFScore 56

Our read on each fund

ETF.net Research

CGHMACapital Group Municipal High-Income ETF

EVYMBEaton Vance High Income Municipal ETF

In short

CGHM Index high-yield muni funds stop where the ratings stop. CGHM is Capital Group's active version: built to lean into lower-rated and unrated tax-exempt bonds, with the income paid out monthly.

EVYM A 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.

Stated mandate

CGHM The fund seeks a high level of current income that is exempt from regular federal income tax.

EVYM The Fund seeks high current income that is exempt from regular federal income tax.

Why people hold it

CGHM The mandate is the whole point: at least 60% in bonds rated BBB+/Baa1 or below, or unrated, the corner of the muni market index funds cap or skip.yahoo.com capitalgroup.com
Income lands monthly and is exempt from regular federal income tax, spread across roughly 600 bond positions rather than a few big credits.
A young fund that is already a multi-billion-dollar one, and what it holds lines up closely with the mandate it advertises.
Sits in the upper half of the muni ETF field we grade, a solid showing for an active fund fishing in the market's messier waters.

EVYM 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

CGHM At 0.34% it runs above the 0.30% muni cohort median, and well above plain index core muni funds like VTEB (0.03%) and MUB (0.05%).
Lower-rated and unrated munis carry more credit and liquidity risk than investment-grade muni funds, so swings can be sharper when credit gets stressed.yahoo.com
Launched in 2024, so the history here is short and has not yet run through a full credit cycle.

EVYM 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.

Full CGHM profile⁠

Full EVYM profile⁠

CGHM vs EVYM Holdings

How CGHM and EVYM differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile92.9%
Asset classFixed Income100%

Sector

No Sector split for CGHM and EVYM.

Country, concentration and asset class

Country by domicile

Country weights in CGHM and EVYM, widest gap first
Country	More in CGHMMore in EVYM	CGHM	EVYM
United States	EVYM +7.1 points	92.9%	100.0%
Puerto Rico	CGHM +7.1 points	7.1%	0.0%
Canada	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

CGHM6.5%
EVYM18.7%

Securities held

CGHM3,556
EVYM119

Asset class

CGHM: Fixed Income
EVYM: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. CGHM holds 3,556 securities, EVYM 119.

All CGHM holdings⁠All 118 EVYM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CGHM vs EVYM Cost

Overpaying EVYM vs CGHM

$1,158

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CGHM 0.34%
$6,932
EVYM 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

CGHM 0.34%
EVYM 0.40%
Overpaying

Year by year

Year	CGHM	EVYM	Overpaying
10	$616	$723	$107
20	$2,386	$2,793	$407
30	$6,932	$8,090	$1,158

Expense ratio

0.34%CGHM, cheaper
0.40%EVYM

CGHM0.34%EVYM0.40%

0.30%0.70%

Middle half of High-Yield Municipal Bonds funds
Median 0.39%

CGHM 5th cheapest of 18 funds

EVYM 11th cheapest of 18 funds

CGHM vs EVYM Dividends

Last 12 months to Nov 2, 2026

Yield (12M): CGHM 4.33%; EVYM 5.08%, better
Payout (12M): CGHM $1.07; EVYM $2.45
Last payment: CGHM $0.09; EVYM $0.20
Ex-dividend: CGHM Oct 30, 2026; EVYM Oct 30, 2026
Paid on: CGHM Nov 2, 2026; EVYM Pays Nov 5, 2026
Frequency: CGHM Monthly; EVYM Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

CGHMMonthly · 28 paymentsAll CGHM payments⁠

EVYMMonthly · 20 paymentsAll EVYM payments⁠

CGHM vs EVYM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CGHM 5.7%since Jul 2024EVYM 6.8%since Mar 2025
Return per unit of riskSharpe ratio, 3 years: CGHM −0.12since Jul 2024EVYM −0.20since Mar 2025
Worst fallMax drawdown, 5 years: CGHM −6.8%since Jun 2024EVYM −7.8%since Feb 2025
Market sensitivityBeta, 5 years: CGHM 0.20EVYM 0.16; Market = 1

CGHM and EVYM in the news

All news⁠

New ETFs
MacKay's new muni ETF matches Capital Group's credit rule and waives its fee to 0.34%
Oct 5, 2026CGHM
ETF Filings
Morgan Stanley files seven Eaton Vance muni ETFs with the fee left blank
Sep 16, 2026EVYM

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