EVSM vs FMUB
Eaton Vance Short Duration Municipal Income ETF vs Fidelity Municipal Bond Opportunities ETF
Which is better, EVSM or FMUB?
Each has led over a different period.
EVSM has a lower expense ratio. EVSM led over 1Y, FMUB over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EVSM | FMUB |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.30% |
| AUM | $1.0B | $246M |
| Dividend Yield | 3.06% | 3.76% |
| Holdings | 784 | 605 |
| YTD Return | +0.32%Best | -2.14% |
| 1Y Return | +0.81%Best | -1.26% |
| Volatility (annualized) | 2.0%Best | 4.5% |
| Max Drawdown | -2.0%Best | -6.1% |
| $10,000 over 1.5 years | $10,455 | $10,501Best |
| Fund Family | Eaton Vance | Fidelity Investments (US) |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Mar 25, 2024 | Apr 7, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 7, 2025 to Oct 14, 2026 (1.5 years).
EVSM vs FMUB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
EVSM vs FMUB Performance
Eaton Vance Short Duration Municipal Income ETF (EVSM) is an ETF from Eaton Vance and Fidelity Municipal Bond Opportunities ETF (FMUB) is an ETF from Fidelity Investments (US). Over the past year EVSM returned +0.81% while FMUB returned -1.26%. Year to date, EVSM is up 0.32% versus a loss of 2.14% for FMUB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMUB has been the more volatile fund, with annualized monthly volatility of 4.5% compared with 2.0% for EVSM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.0% for EVSM and -6.1% for FMUB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVSM charges 0.19% per year while FMUB charges 0.30%. On a $10,000 position that is $19 vs $30 annually, a gap of $11 per year that compounds over a long holding period. On income, EVSM currently yields 3.06% against 3.76% for FMUB.
Holdings Overlap
We hold position weights for 97 holdings in EVSM and 353 in FMUB, totalling 29.5% and 34.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 15 positions appear in both.
15 positions in common, counted across the 97 positions we hold weights for in EVSM and 353 in FMUB, against full books of 784 and 605.
Top Shared Holdings
| Stock | Weight in EVSM | Weight in FMUB | Difference |
|---|---|---|---|
| CA CCEDEV 01/01/2055Ca Cmnty Choice- Frn 1/55 | 0.53% | 0.06% | 0.47% |
| FL SMIMED 08/15/2065S Miami Fl Hlth Facs Auth Smimed 08/65 Adjustable Var | 0.14% | 0.42% | 0.28% |
| AL BBEUTL 06/01/2049Black Belt Energy Gas Dist Ala 5.5% Feb 01, 2029 | 0.27% | 0.23% | 0.04% |
| GA MAIUTL 07/01/2053Main Str Nat Var 07/53 | 0.33% | 0.10% | 0.23% |
| TX NRTTRN 5 01/01/20North Texas Tollway Authority 5 01/01/2027 | 0.11% | 0.27% | 0.16% |
| PA PASTRN 12/01/2045Pennsylvania St Var 12/45 | 0.12% | 0.21% | 0.09% |
| IL ILS 5 11/01/2028Ils 5.000 11/01/28 | 0.28% | 0.01% | 0.27% |
| NY NYEFAC 07/01/2056New York Energy Fin Dev Corp Nyefac 07/56 Adjustable Var | 0.16% | 0.11% | 0.05% |
| AZ CHADEV 12/01/2037Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corp 4.1 12-01-2037 | 0.22% | 0.02% | 0.20% |
| PA PHI 5 08/01/2030Philadelphia Pa 5% Aug 01, 2030 | 0.09% | 0.14% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of EVSM and FMUB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EVSM or FMUB?
EVSM has an expense ratio of 0.19% while FMUB charges 0.30%. EVSM is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, EVSM or FMUB?
Over the past year EVSM returned +0.81% vs -1.26% for FMUB, so EVSM leads on 1-year performance. Over the longest common window we track (2 years), EVSM annualized +3.01% vs +3.31% for FMUB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVSM or FMUB?
FMUB has been the more volatile fund at 4.5% annualized versus 2.0% for EVSM. Worst drawdown: EVSM -2.0% vs FMUB -6.1%.
Should I hold both EVSM and FMUB?
EVSM and FMUB have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EVSM or FMUB?
EVSM yields 3.06% while FMUB yields 3.76%, so FMUB currently pays the higher dividend yield.
Is FMUB better than EVSM?
EVSM has a lower expense ratio. EVSM led over 1Y, FMUB over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.