Skip to content
etf.net

EVIM vs MMIT

Eaton Vance Intermediate Municipal Income ETF

EVIMANYSE Arca

NYLI MacKay Muni Intermediate ETF

MMITANYSE Arca

Overlap

No data

Expense ratio

EVIM −0.19pt a year

EVIM0.11%MMIT0.30%

Avg volume · 30D

MMIT 8.1×the volume

EVIM85KMMIT689K

3Y return · a year

EVIM +0.6pt

EVIM+5.0%MMIT+4.4%

EVIM vs MMIT Performance

Oct 31, 2025 – Oct 30, 2026

+1.0%EVIM+0.7%MMIT

Oct 31, 2025 to Oct 30, 2026. EVIM +1.0%. MMIT +0.7%. Use the arrow keys to read each point.−3%−2%−1%2%3%Oct 2025Apr 2026Oct 2026
Expense ratio
EVIM 0.11%, better
MMIT 0.30%
Fund size
EVIM $395M
MMIT $1.45B
1Y total return
EVIM +1.0%, better
MMIT +0.7%
Yield (12M)
EVIM 3.86%
MMIT 4.02%, better
Holdings
EVIM 341
MMIT 963
Avg volume (30D)
EVIM 85K sh
MMIT 689K sh, better
NAV per share
EVIM $51.69
MMIT $23.64
52W range

ETF.net Grade

EVIM: Cost 89, Risk 52, Mission 99, Tradability 60, Holdings 56, Durability 51. MMIT: Cost 53, Risk 52, Mission 99, Tradability 85, Holdings 79, Durability 66.
Pillar letters and Scores for EVIM, MMIT, with each pillar’s weight
PillarEVIMMMIT
Cost30% weightA89HigherC53
Mission25% weightA99A99
Risk15% weightC52C52
Tradability15% weightB60A85Higher
Holdings10% weightB56A79Higher
Durability5% weightC51B66Higher

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 MMIT 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 MMIT 4th 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 5ATAXET. Rowe Price Intermediate Municipal Income ETFScore 71

Our read on each fund

ETF.net Research

EVIMAEaton Vance Intermediate Municipal Income ETF

MMITANYLI MacKay 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.

MMIT Active muni bond-picking in an ETF wrapper. MacKay Shields' municipal desk has run MMIT since 2017, sifting roughly 900 investment-grade, AMT-free bonds for income exempt from federal tax, and paying it out 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.

MMIT The Fund seeks current income exempt from federal income tax.

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
  • MMIT Genuinely active, not an index in disguise: MacKay Shields' muni team picks bonds on credit and yield-curve analysis, targeting a 3 to 10 year duration band.nylim.comstockanalysis.com
  • A billion-dollar-plus fund and one of the more actively traded in the intermediate muni group, with roughly 900 bonds spreading issuer risk.
  • Trading since 2017, a long run for an active muni ETF, and one of the stronger implementations in its intermediate muni peer group.
  • Does the one job it advertises: current income exempt from federal income tax, distributed monthly.

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
  • MMIT 0.30%, net of a fee waiver off 0.46% gross, sits near the category median but above index rivals: TAXI 0.05%, ITM 0.18%, EVIM 0.11% net of a waiver through February 1, 2027.
  • Active management cuts both ways: holdings and results can drift from a plain muni index in either direction.nylim.com
  • Income is exempt from federal income tax, not state tax, and the bonds still reprice when rates move.nylim.com

Full EVIM profile⁠

Full MMIT profile⁠

EVIM vs MMIT 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 MMIT Cost

Overpaying MMIT vs EVIM

$3,836

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

  • EVIM 0.11%

    $2,313

  • MMIT 0.30%

    $6,149

$10,000
30 years

Cost over time

  • EVIM 0.11%
  • MMIT 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530MMIT $6,149EVIM $2,313

Year by year

YearEVIMMMITOverpaying
10$201$545$344
20$788$2,113$1,325
30$2,313$6,149$3,836

Expense ratio

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

EVIM 2nd cheapest of 19 funds

MMIT 8th cheapest of 19 funds

EVIM vs MMIT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EVIM 3.86%
MMIT 4.02%, better
Payout (12M)
EVIM $2.00
MMIT $0.95
Last payment
EVIM $0.15
MMIT $0.07
Ex-dividend
EVIM Oct 30, 2026
MMIT Oct 30, 2026
Paid on
EVIM Pays Nov 5, 2026
MMIT Pays Nov 3, 2026
Frequency
EVIM Monthly
MMIT 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
MMITMonthly · 46 paymentsAll MMIT payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.07; Mar 1, 2023 $0.06; Apr 3, 2023 $0.07; May 1, 2023 $0.07; Jun 1, 2023 $0.07; Jul 3, 2023 $0.07; Aug 1, 2023 $0.07; Sep 1, 2023 $0.07; Oct 2, 2023 $0.07; Nov 1, 2023 $0.07; Dec 1, 2023 $0.07; Dec 28, 2023 $0.08; Feb 1, 2024 $0.08; Mar 1, 2024 $0.07; Apr 1, 2024 $0.08; May 1, 2024 $0.08; Jun 3, 2024 $0.08; Jul 1, 2024 $0.08; Aug 1, 2024 $0.08; Sep 3, 2024 $0.08; Oct 1, 2024 $0.08; Nov 1, 2024 $0.08; Dec 2, 2024 $0.08; Dec 30, 2024 $0.05; Feb 3, 2025 $0.07; Mar 3, 2025 $0.07; Apr 1, 2025 $0.07; Apr 30, 2025 $0.07; Jun 2, 2025 $0.08; Jul 1, 2025 $0.06; Aug 1, 2025 $0.07; Sep 2, 2025 $0.08; Oct 1, 2025 $0.07; Nov 3, 2025 $0.07; Dec 1, 2025 $0.07; Dec 30, 2025 $0.07; Jan 30, 2026 $0.07; Feb 27, 2026 $0.07; Mar 31, 2026 $0.07; Apr 30, 2026 $0.07; May 29, 2026 $0.08; Jun 30, 2026 $0.07; Jul 31, 2026 $0.07; Aug 31, 2026 $0.07; Sep 30, 2026 $0.07; Oct 30, 2026 $0.07. Use the arrow keys to read each point.$0$0.2520232026YTD

EVIM vs MMIT 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%MMIT 5.0%, better
Return per unit of riskSharpe ratio, 3 years
EVIM 0.11, betterMMIT −0.01
Worst fallMax drawdown, 5 years
EVIM −5.9%since Oct 2023MMIT −12.1%
Market sensitivityBeta, 5 years
EVIM 0.25MMIT 0.73

EVIM and MMIT in the news

All news⁠

Popular comparisons

  • EVIMAvsTAXIA

    Eaton Vance Intermediate Municipal Income ETF · Northern Trust Intermediate Tax-Exempt Bond ETF

    Expense ratio
    0.11% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MMITAvsTAXIA

    NYLI MacKay Muni Intermediate ETF · Northern Trust Intermediate Tax-Exempt Bond ETF

    Expense ratio
    0.30% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • EVIMAvsITMA

    Eaton Vance Intermediate Municipal Income ETF · VanEck Intermediate Muni ETF

    Expense ratio
    0.11% · 0.18%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MMITAvsITMA

    NYLI MacKay Muni Intermediate ETF · VanEck Intermediate Muni ETF

    Expense ratio
    0.30% · 0.18%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • EVIMAvsTAXEA

    Eaton Vance Intermediate Municipal Income ETF · T. Rowe Price Intermediate Municipal Income ETF

    Expense ratio
    0.11% · 0.24%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MMITAvsTAXEA

    NYLI MacKay Muni Intermediate ETF · T. Rowe Price Intermediate Municipal Income ETF

    Expense ratio
    0.30% · 0.24%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.