EVSM vs JHMU
Eaton Vance Short Duration Municipal Income ETF vs John Hancock Dynamic Municipal Bond ETF
Which is better, EVSM or JHMU?
EVSM has been ahead.
EVSM has a lower expense ratio. EVSM led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90.
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 | JHMU |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.39% |
| AUM | $1.0B | $53M |
| Dividend Yield | 3.06% | 4.06% |
| Holdings | 784 | 424 |
| YTD Return | +0.32%Best | -2.25% |
| 1Y Return | +0.81%Best | -0.91% |
| 3Y Return (annualized) | - | +4.83% |
| Volatility (annualized) | 1.8%Best | 4.4% |
| Max Drawdown | -2.0%Best | -6.2% |
| $10,000 over 2.6 years | $10,736Best | $10,566 |
| Fund Family | Eaton Vance | John Hancock Investment Management |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Mar 25, 2024 | Nov 1, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 25, 2024 to Oct 14, 2026 (2.6 years).
EVSM vs JHMU 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 2.6 years both funds cover.
EVSM vs JHMU Performance
Eaton Vance Short Duration Municipal Income ETF (EVSM) is an ETF from Eaton Vance and John Hancock Dynamic Municipal Bond ETF (JHMU) is an ETF from John Hancock Investment Management. Over the past year EVSM returned +0.81% while JHMU returned -0.91%. Year to date, EVSM is up 0.32% versus a loss of 2.25% for JHMU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHMU has been the more volatile fund, with annualized monthly volatility of 4.4% compared with 1.8% 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 -6.2% for JHMU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EVSM charges 0.19% per year while JHMU charges 0.39%. On a $10,000 position that is $19 vs $39 annually, a gap of $20 per year that compounds over a long holding period. On income, EVSM currently yields 3.06% against 4.06% for JHMU.
Holdings Overlap
We hold position weights for 97 holdings in EVSM and 117 in JHMU, totalling 29.5% and 39.3% 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, 3 positions appear in both.
3 positions in common, counted across the 97 positions we hold weights for in EVSM and 117 in JHMU, against full books of 784 and 424.
Top Shared Holdings
| Stock | Weight in EVSM | Weight in JHMU | Difference |
|---|---|---|---|
| AZ CHADEV 12/01/2037Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corp 4.1 12-01-2037 | 0.22% | 0.52% | 0.30% |
| GA MAIUTL 05/01/2054Main Street Natur V/R 12/01/54 | 0.17% | 0.47% | 0.30% |
| NY PORTRN 5 01/15/20Port Authority Of New York & New Jersey 5 01/15/2028 | 0.11% | 0.05% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of EVSM and JHMU 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 JHMU?
EVSM has an expense ratio of 0.19% while JHMU charges 0.39%. EVSM is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, EVSM or JHMU?
Over the past year EVSM returned +0.81% vs -0.91% for JHMU, so EVSM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVSM or JHMU?
JHMU has been the more volatile fund at 4.4% annualized versus 1.8% for EVSM. Worst drawdown: EVSM -2.0% vs JHMU -6.2%.
Should I hold both EVSM and JHMU?
EVSM and JHMU have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, EVSM or JHMU?
EVSM yields 3.06% while JHMU yields 4.06%, so JHMU currently pays the higher dividend yield.
Is JHMU better than EVSM?
EVSM has a lower expense ratio. EVSM led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.