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EVIM vs MMCA

Eaton Vance Intermediate Municipal Income ETF

EVIMANYSE Arca

NYLI MacKay California Muni Intermediate ETF

MMCACNYSE Arca

Overlap

No data

Expense ratio

EVIM −0.25pt a year

EVIM0.11%MMCA0.36%

Avg volume · 30D

EVIM 1.7×the volume

EVIM85KMMCA51.4K

3Y return · a year

EVIM +0.4pt

EVIM+5.0%MMCA+4.6%

EVIM vs MMCA Performance

Oct 31, 2025 – Oct 30, 2026

+1.0%EVIM+0.1%MMCA

Oct 31, 2025 to Oct 30, 2026. EVIM +1.0%. MMCA +0.1%. Use the arrow keys to read each point.−4%−2%2%Oct 2025Apr 2026Oct 2026
Expense ratio
EVIM 0.11%, better
MMCA 0.36%
Fund size
EVIM $395M
MMCA $85M
1Y total return
EVIM +1.0%, better
MMCA +0.1%
Yield (12M)
EVIM 3.86%, better
MMCA 3.61%
Holdings
EVIM 341
MMCA 119
Avg volume (30D)
EVIM 85K sh, better
MMCA 51.4K sh
NAV per share
EVIM $51.69
MMCA $21.11
52W range

ETF.net Grade

EVIM: Cost 89, Risk 52, Mission 99, Tradability 60, Holdings 56, Durability 51. MMCA: Cost 24, Risk 45, Mission 97, Tradability 48, Holdings 26, Durability 37.
Pillar letters and Scores for EVIM, MMCA, with each pillar’s weight
PillarEVIMMMCA
Cost30% weightA89HigherF24
Mission25% weightA99HigherA97
Risk15% weightC52HigherC45
Tradability15% weightB60HigherC48
Holdings10% weightB56HigherD26
Durability5% weightC51HigherD37

Rank among Intermediate Municipal Bonds funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EVIM and MMCA are both graded against the same 19 Intermediate Municipal Bonds funds, so their Grades compare head to head.

Intermediate Municipal Bonds⁠

Category · 19 funds
See all 19 ›

EVIM ranks 3rd and MMCA 14th of 19 funds in the Intermediate Municipal Bonds Category.

  1. Rank 1ATAXINorthern Trust Intermediate Tax-Exempt Bond ETFScore 84
  2. Rank 2AITMVanEck Intermediate Muni ETFScore 77
  3. Rank 3AEVIMEaton Vance Intermediate Municipal Income ETFScore 76
  4. Rank 4AMMITNYLI MacKay Muni Intermediate ETFScore 72
  5. Rank 13CAPMUActivePassive Intermediate Municipal Bond ETFScore 54
  6. Rank 14CMMCANYLI MacKay California Muni Intermediate ETFScore 49
  7. Rank 14CTXXIBondBloxx IR+M Tax-Aware Intermediate Duration ETFScore 49

Our read on each fund

ETF.net Research

EVIMAEaton Vance Intermediate Municipal Income ETF

MMCACNYLI MacKay California Muni Intermediate ETF

In short

EVIM Active muni management at index-fund pricing. Eaton Vance charges 0.11% for a federally tax-exempt, intermediate-maturity bond portfolio built by bond pickers instead of copied from a benchmark.

MMCA California's own corner of the muni market, picked by hand: MacKay's muni team runs roughly 120 intermediate bonds chasing income exempt from both federal and California tax. Active, not an index, and it pays monthly.

Stated mandate

EVIM The fund seeks income through a diversified portfolio of debt securities whose interest is exempt from regular federal income tax, with at least 80% of assets committed to that municipal-bond strategy.

MMCA The Fund seeks current income that is exempt from both federal and California income taxes.

Why people hold it

  • EVIM Charges 0.11% a year against a roughly 0.30% muni-ETF median. That is a hands-on bond desk priced in index-fund territory.
  • At least 80% of assets go to munis whose interest is exempt from regular federal income tax, with room for up to 20% in taxable munis and Treasuries.aaii.com
  • Income lands monthly, and the core of it escapes regular federal income tax.
  • Diversified core muni exposure across sectors, states and credit tiers, and one of the stronger implementations in a crowded tax-exempt bond field.eatonvance.com
  • MMCA Double tax-exempt by design: the fund seeks current income exempt from both federal and California income taxes, and it pays monthly.nylim.com
  • Human judgment, not a benchmark: MacKay Municipal Managers, the muni team at MacKay Shields, runs it actively, with at least 80% of assets in municipal bonds.nylim.comnylim.com 2
  • What it holds matches what it says: roughly 120 intermediate California munis, closely aligned with the mandate in its prospectus.

Worth knowing

  • EVIM Index rivals cost less: VTEB and SCMB at 0.03%, MUB at 0.05%. The gap is what the active team costs.
  • Trades lighter than the household-name index munis, so spreads can widen and limit orders matter more.
  • Launched in 2023, so the record is short, and results trace back to the manager's bond selection rather than a published index.aaii.com
  • MMCA Costs more than most of the category: 0.36% net of a fee waiver (0.64% gross), against 0.30% for national sibling MMIT and 0.18% for index-run ITM.
  • One state, one tax code: California-only issuers concentrate credit and tax-law risk, and the state exemption only helps California taxpayers.nylim.com
  • A smaller fund that trades moderately, so spreads can run wider than the category's heavyweights.

Full EVIM profile⁠

Full MMCA profile⁠

EVIM vs MMCA 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.

EVIM vs MMCA Cost

Overpaying MMCA vs EVIM

$5,007

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

  • EVIM 0.11%

    $2,313

  • MMCA 0.36%

    $7,320

$10,000
30 years

Cost over time

  • EVIM 0.11%
  • MMCA 0.36%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530MMCA $7,320EVIM $2,313

Year by year

YearEVIMMMCAOverpaying
10$201$652$451
20$788$2,522$1,734
30$2,313$7,320$5,007

Expense ratio

  • 0.11%EVIM, cheaper
  • 0.36%MMCA
  • Middle half of Intermediate Municipal Bonds funds
  • Median 0.30%

EVIM 2nd cheapest of 19 funds

MMCA 17th cheapest of 19 funds

EVIM vs MMCA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EVIM 3.86%, better
MMCA 3.61%
Payout (12M)
EVIM $2.00
MMCA $0.76
Last payment
EVIM $0.15
MMCA $0.06
Ex-dividend
EVIM Oct 30, 2026
MMCA Oct 30, 2026
Paid on
EVIM Pays Nov 5, 2026
MMCA Pays Nov 3, 2026
Frequency
EVIM Monthly
MMCA Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

EVIMMonthly · 36 paymentsAll EVIM payments⁠
One bar per payment. 36 payments from 2023 to 2026 YTD. Nov 30, 2023 $0.25; Dec 21, 2023 $0.17; Jan 31, 2024 $0.18; Feb 29, 2024 $0.17; Mar 28, 2024 $0.17; Apr 30, 2024 $0.17; May 31, 2024 $0.18; Jun 28, 2024 $0.17; Jul 31, 2024 $0.18; Aug 30, 2024 $0.17; Sep 30, 2024 $0.13; Oct 31, 2024 $0.16; Nov 29, 2024 $0.16; Dec 23, 2024 $0.17; Jan 31, 2025 $0.15; Feb 28, 2025 $0.14; Mar 31, 2025 $0.17; Apr 30, 2025 $0.16; May 30, 2025 $0.14; Jun 30, 2025 $0.17; Jul 31, 2025 $0.16; Aug 29, 2025 $0.16; Sep 30, 2025 $0.16; Oct 31, 2025 $0.17; Nov 28, 2025 $0.15; Dec 23, 2025 $0.16; Jan 30, 2026 $0.15; Feb 27, 2026 $0.14; Mar 31, 2026 $0.16; Apr 30, 2026 $0.16; May 29, 2026 $0.14; Jun 30, 2026 $0.16; Jul 31, 2026 $0.16; Aug 31, 2026 $0.16; Sep 30, 2026 $0.15; Oct 30, 2026 $0.15. Use the arrow keys to read each point.$0$0.2520232026YTD
MMCAMonthly · 46 paymentsAll MMCA payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.06; Mar 1, 2023 $0.06; Apr 3, 2023 $0.06; May 1, 2023 $0.06; Jun 1, 2023 $0.06; Jul 3, 2023 $0.07; Aug 1, 2023 $0.07; Sep 1, 2023 $0.06; Oct 2, 2023 $0.06; Nov 1, 2023 $0.06; Dec 1, 2023 $0.06; Dec 28, 2023 $0.08; Feb 1, 2024 $0.07; Mar 1, 2024 $0.06; Apr 1, 2024 $0.07; May 1, 2024 $0.07; Jun 3, 2024 $0.07; Jul 1, 2024 $0.07; Aug 1, 2024 $0.07; Sep 3, 2024 $0.06; Oct 1, 2024 $0.06; Nov 1, 2024 $0.07; Dec 2, 2024 $0.06; Dec 30, 2024 $0.05; Feb 3, 2025 $0.06; Mar 3, 2025 $0.06; Apr 1, 2025 $0.07; Apr 30, 2025 $0.06; Jun 2, 2025 $0.06; Jul 1, 2025 $0.06; Aug 1, 2025 $0.06; Sep 2, 2025 $0.06; Oct 1, 2025 $0.06; Nov 3, 2025 $0.06; Dec 1, 2025 $0.06; Dec 30, 2025 $0.06; Jan 30, 2026 $0.06; Feb 27, 2026 $0.05; Mar 31, 2026 $0.06; Apr 30, 2026 $0.06; May 29, 2026 $0.06; Jun 30, 2026 $0.06; Jul 31, 2026 $0.06; Aug 31, 2026 $0.06; Sep 30, 2026 $0.06; Oct 30, 2026 $0.06. Use the arrow keys to read each point.$0$0.2520232026YTD

EVIM vs MMCA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EVIM 5.3%MMCA 5.2%, better
Return per unit of riskSharpe ratio, 3 years
EVIM 0.11, betterMMCA 0.03
Worst fallMax drawdown, 5 years
EVIM −5.9%since Oct 2023MMCA −16.0%since Dec 2021
Market sensitivityBeta, 5 years
EVIM 0.25MMCA 0.80

EVIM and MMCA in the news

All news⁠

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