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EVYM vs FMUB

Eaton Vance High Income Municipal ETF

EVYMBNasdaq

Fidelity Municipal Bond Opportunities ETF

FMUBANasdaq

Overlap

No data

Expense ratio

FMUB −0.10pt a year

EVYM0.40%FMUB0.30%

Avg volume · 30D

FMUB 7.5×the volume

EVYM13KFMUB97.3K

EVYM vs FMUB Performance

Oct 31, 2025 – Nov 2, 2026

+1.4%EVYM+1.1%FMUB

Oct 31, 2025 to Nov 2, 2026. EVYM +1.4%. FMUB +1.1%. Use the arrow keys to read each point.−2%4%6%Oct 2025May 2026Nov 2026
Expense ratio
EVYM 0.40%
FMUB 0.30%, better
Fund size
EVYM $61M
FMUB $246M
1Y total return
EVYM +1.4%, better
FMUB +1.1%
Yield (12M)
EVYM 5.08%, better
FMUB 3.58%
Holdings
EVYM 120
FMUB 711
Avg volume (30D)
EVYM 13K sh
FMUB 97.3K sh, better
NAV per share
EVYM $48.13
FMUB $49.75
52W range

ETF.net Grade

EVYM: Cost 47, Risk 51, Mission 96, Tradability 48, Holdings 37, Durability 33. FMUB: Cost 100, Risk 61, Mission 89, Tradability 41, Holdings 27, Durability 49.
Pillar letters and Scores for EVYM, FMUB, with each pillar’s weight
PillarEVYMFMUB
Cost30% weightC47A100Higher
Mission25% weightA96HigherA89
Risk15% weightC51B61Higher
Tradability15% weightC48HigherC41
Holdings10% weightD37HigherD27
Durability5% weightD33C49Higher

Rank among High-Yield 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. EVYM and FMUB 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 ›

FMUB ranks 3rd and EVYM 12th of 18 funds in the High-Yield Municipal Bonds Category.

  1. Rank 1ACGHMCapital Group Municipal High-Income ETFScore 80
  2. Rank 2AHYDVanEck High Yield Muni ETFScore 79
  3. Rank 3AFMUBFidelity Municipal Bond Opportunities ETFScore 72
  4. Rank 4AHYMBState Street SPDR Nuveen ICE High Yield Municipal Bond ETFScore 71
  5. Rank 10BNHYMNuveen High Yield Municipal IncomeScore 61
  6. Rank 12BEVYMEaton Vance High Income Municipal ETFScore 58
  7. Rank 13BFMHIFirst Trust Municipal High Income ETFScore 56

Our read on each fund

ETF.net Research

EVYMBEaton Vance High Income Municipal ETF

FMUBAFidelity Municipal Bond Opportunities ETF

In short

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.

FMUB Tax-free income is the job, but the mandate also leaves room for capital growth. Fidelity's 2023-vintage muni fund spreads across roughly 400 bonds and pays monthly.

Stated mandate

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

FMUB The fund seeks high current income exempt from federal income tax, with capital growth also considered.

Why people hold it

  • 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.
  • FMUB The mandate is broader than the usual muni playbook: high current income exempt from federal income tax, with capital growth also considered.
  • It does what the label says. The portfolio hews closely to its stated muni-income mandate, one of the tighter mandate matches among municipal bond ETFs.
  • Roughly 400 bonds behind it, and the payout runs monthly rather than quarterly.

Worth knowing

  • 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.
  • FMUB At 0.30%, the fee sits right at the muni-ETF median. Index-tracking staples like VTEB (0.03%) and MUB (0.05%) charge a fraction of that.
  • It trades thinly next to the category's giants, which can mean wider spreads at the moment you place an order.
  • Launched in 2023, so the track record is short and assets stay modest against the multi-billion-dollar muni index funds.

Full EVYM profile⁠

Full FMUB profile⁠

EVYM vs FMUB 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.

EVYM vs FMUB Cost

Overpaying EVYM vs FMUB

$1,941

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

  • EVYM 0.40%

    $8,090

  • FMUB 0.30%

    $6,149

$10,000
30 years

Cost over time

  • EVYM 0.40%
  • FMUB 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$8K$10K051015202530EVYM $8,090FMUB $6,149

Year by year

YearEVYMFMUBOverpaying
10$723$545$178
20$2,793$2,113$680
30$8,090$6,149$1,941

Expense ratio

  • 0.40%EVYM
  • 0.30%FMUB, cheaper
  • Middle half of High-Yield Municipal Bonds funds
  • Median 0.39%

FMUB cheapest of 18 funds

EVYM 11th cheapest of 18 funds

EVYM vs FMUB Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EVYM 5.08%, better
FMUB 3.58%
Payout (12M)
EVYM $2.45
FMUB $1.79
Last payment
EVYM $0.20
FMUB $0.12
Ex-dividend
EVYM Oct 30, 2026
FMUB Oct 29, 2026
Paid on
EVYM Pays Nov 5, 2026
FMUB Nov 2, 2026
Frequency
EVYM Monthly
FMUB Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

EVYMMonthly · 20 paymentsAll EVYM payments⁠
One bar per payment. 20 payments from 2025 to 2026 YTD. Mar 31, 2025 $0.11; Apr 30, 2025 $0.16; May 30, 2025 $0.20; Jun 30, 2025 $0.19; Jul 31, 2025 $0.21; Aug 29, 2025 $0.20; Sep 30, 2025 $0.20; Oct 31, 2025 $0.21; Nov 28, 2025 $0.16; Dec 23, 2025 $0.22; Jan 30, 2026 $0.20; Feb 27, 2026 $0.19; Mar 31, 2026 $0.22; Apr 30, 2026 $0.21; May 29, 2026 $0.20; Jun 30, 2026 $0.21; Jul 31, 2026 $0.21; Aug 31, 2026 $0.21; Sep 30, 2026 $0.21; Oct 30, 2026 $0.20. Use the arrow keys to read each point.$0$0.252026YTD
FMUBMonthly · 20 paymentsAll FMUB payments⁠
One bar per payment. 20 payments from 2025 to 2026 YTD. Apr 29, 2025 $0.11; May 29, 2025 $0.16; Jun 27, 2025 $0.12; Jul 30, 2025 $0.14; Aug 28, 2025 $0.13; Sep 29, 2025 $0.14; Oct 30, 2025 $0.15; Nov 26, 2025 $0.15; Dec 5, 2025 $0.10; Dec 30, 2025 $0.15; Jan 29, 2026 $0.14; Feb 26, 2026 $0.13; Mar 30, 2026 $0.14; Apr 29, 2026 $0.14; May 28, 2026 $0.13; Jun 29, 2026 $0.15; Jul 30, 2026 $0.14; Aug 28, 2026 $0.14; Sep 29, 2026 $0.16; Oct 29, 2026 $0.12. Use the arrow keys to read each point.$0$0.252026YTD

EVYM vs FMUB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EVYM 6.8%since Mar 2025FMUB 5.4%since May 2025
Return per unit of riskSharpe ratio, 3 years
EVYM −0.20since Mar 2025FMUB 0.04since May 2025
Worst fallMax drawdown, 5 years
EVYM −7.8%since Feb 2025FMUB −6.1%since Apr 2025
Market sensitivityBeta, 5 years
EVYM 0.16FMUB 0.91

EVYM and FMUB in the news

All news⁠

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