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EVSM vs VSDM

Eaton Vance Short Duration Municipal Income ETF

EVSMBNYSE Arca

Vanguard Short Duration Tax-Exempt Bond ETF

VSDMACboe

Overlap

No data

Expense ratio

VSDM −0.07pt a year

EVSM0.19%VSDM0.12%

Avg volume · 30D

VSDM 1.2×the volume

EVSM222KVSDM258K

EVSM vs VSDM Performance

Oct 31, 2025 – Nov 2, 2026

+2.1%EVSM+2.1%VSDM

Oct 31, 2025 to Nov 2, 2026. EVSM +2.1%. VSDM +2.1%. Use the arrow keys to read each point.−0.5%0%0.5%1%Oct 2025May 2026Nov 2026
Expense ratio
EVSM 0.19%
VSDM 0.12%, better
Fund size
EVSM $1.11B
VSDM $1.2B
1Y total return
EVSM +2.1%
VSDM +2.1%
Yield (12M)
EVSM 3.00%
VSDM 3.38%, better
Holdings
EVSM 452
VSDM 3315
Avg volume (30D)
EVSM 222K sh
VSDM 258K sh, better
NAV per share
EVSM $49.81
VSDM $75.79
52W range

ETF.net Grade

EVSM: Cost 61, Risk 41, Mission 100, Tradability 60, Holdings 72, Durability 64. VSDM: Cost 85, Risk 48, Mission 100, Tradability 79, Holdings 75, Durability 62.
Pillar letters and Scores for EVSM, VSDM, with each pillar’s weight
PillarEVSMVSDM
Cost30% weightB61A85Higher
Mission25% weightA100A100
Risk15% weightC41C48Higher
Tradability15% weightB60A79Higher
Holdings10% weightA72A75Higher
Durability5% weightB64HigherB62

Rank among Short-Duration 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. EVSM and VSDM are both graded against the same 27 Short-Duration Municipal Bonds funds, so their Grades compare head to head.

Short-Duration Municipal Bonds⁠

Category · 27 funds
See all 27 ›

VSDM ranks 2nd and EVSM 10th of 27 funds in the Short-Duration Municipal Bonds Category.

  1. Rank 1AVTESVanguard Short-Term Tax-Exempt Bond ETFScore 81
  2. Rank 2ASUBiShares Short-Term National Muni Bond ETFScore 80
  3. Rank 2AVSDMVanguard Short Duration Tax-Exempt Bond ETFScore 80
  4. Rank 4ATAXSNorthern Trust Short-Term Tax-Exempt Bond ETFScore 77
  5. Rank 9APUSHPGIM Ultra Short Municipal Bond ETFScore 71
  6. Rank 10BEVSMEaton Vance Short Duration Municipal Income ETFScore 68
  7. Rank 11BCALIiShares Short-Term California Muni Active ETFScore 64

Our read on each fund

ETF.net Research

EVSMBEaton Vance Short Duration Municipal Income ETF

VSDMAVanguard Short Duration Tax-Exempt Bond ETF

In short

EVSM Tax-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.

VSDM No data

Stated mandate

EVSM 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.

VSDM No data

Why people hold it

  • EVSM 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.

VSDM No data

Worth knowing

  • EVSM 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.

VSDM No data

Full EVSM profile⁠

Full VSDM profile⁠

EVSM vs VSDM 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.

EVSM vs VSDM Cost

Overpaying EVSM vs VSDM

$1,432

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

  • EVSM 0.19%

    $3,952

  • VSDM 0.12%

    $2,520

$10,000
30 years

Cost over time

  • EVSM 0.19%
  • VSDM 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530EVSM $3,952VSDM $2,520

Year by year

YearEVSMVSDMOverpaying
10$347$220$127
20$1,351$859$492
30$3,952$2,520$1,432

Expense ratio

  • 0.19%EVSM
  • 0.12%VSDM, cheaper
  • Middle half of Short-Duration Municipal Bonds funds
  • Median 0.21%

VSDM 5th cheapest of 27 funds

EVSM 10th cheapest of 27 funds

EVSM vs VSDM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EVSM 3.00%
VSDM 3.38%, better
Payout (12M)
EVSM $1.49
VSDM $2.56
Last payment
EVSM $0.12
VSDM $0.19
Ex-dividend
EVSM Oct 30, 2026
VSDM Nov 2, 2026
Paid on
EVSM Pays Nov 5, 2026
VSDM Pays Nov 4, 2026
Frequency
EVSM Monthly
VSDM Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

EVSMMonthly · 32 paymentsAll EVSM payments⁠
One bar per payment. 32 payments from 2024 to 2026 YTD. Mar 28, 2024 $0.15; Apr 30, 2024 $0.15; May 31, 2024 $0.16; Jun 28, 2024 $0.15; Jul 31, 2024 $0.16; Aug 30, 2024 $0.16; Sep 30, 2024 $0.14; Oct 31, 2024 $0.15; Nov 29, 2024 $0.13; Dec 23, 2024 $0.14; Jan 31, 2025 $0.14; Feb 28, 2025 $0.13; Mar 31, 2025 $0.14; Apr 30, 2025 $0.13; May 30, 2025 $0.14; Jun 30, 2025 $0.13; Jul 31, 2025 $0.13; Aug 29, 2025 $0.13; Sep 30, 2025 $0.12; Oct 31, 2025 $0.13; Nov 28, 2025 $0.12; Dec 23, 2025 $0.13; Jan 30, 2026 $0.11; Feb 27, 2026 $0.12; Mar 31, 2026 $0.13; Apr 30, 2026 $0.13; May 29, 2026 $0.13; Jun 30, 2026 $0.13; Jul 31, 2026 $0.13; Aug 31, 2026 $0.12; Sep 30, 2026 $0.12; Oct 30, 2026 $0.12. Use the arrow keys to read each point.$0$0.252026YTD
VSDMMonthly · 23 paymentsAll VSDM payments⁠
One bar per payment. 23 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.26; Feb 3, 2025 $0.20; Mar 3, 2025 $0.20; Apr 1, 2025 $0.16; May 1, 2025 $0.19; Jun 2, 2025 $0.20; Jul 1, 2025 $0.19; Aug 1, 2025 $0.19; Sep 2, 2025 $0.20; Oct 1, 2025 $0.20; Nov 3, 2025 $0.20; Dec 1, 2025 $0.20; Dec 18, 2025 $0.20; Feb 2, 2026 $0.19; Mar 2, 2026 $0.20; Apr 1, 2026 $0.20; May 1, 2026 $0.20; Jun 1, 2026 $0.20; Jul 1, 2026 $0.20; Aug 3, 2026 $0.20; Sep 1, 2026 $0.20; Oct 1, 2026 $0.19; Nov 2, 2026 $0.19. Use the arrow keys to read each point.$0$0.252026YTD

EVSM vs VSDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EVSM 2.0%since Apr 2024VSDM 2.9%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
EVSM −0.56since Apr 2024VSDM −0.26since Dec 2024
Worst fallMax drawdown, 5 years
EVSM −2.0%since Mar 2024VSDM −2.8%since Nov 2024
Market sensitivityBeta, 5 years
EVSM 0.24VSDM 0.09

EVSM and VSDM in the news

All news⁠

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