EVSM vs MUST
Eaton Vance Short Duration Municipal Income ETF vs Columbia Multi-Sector Municipal Income ETF
Which is better, EVSM or MUST?
EVSM has been ahead.
EVSM has a lower expense ratio. EVSM led over 1Y and 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 | MUST |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.23% |
| AUM | $1.0B | $509M |
| Dividend Yield | 3.06% | 3.59% |
| Holdings | 784 | 1,292 |
| YTD Return | +0.32%Best | -4.34% |
| 1Y Return | +0.81%Best | -2.87% |
| 3Y Return (annualized) | - | +2.83% |
| 5Y Return (annualized) | - | -0.37% |
| Volatility (annualized) | 1.8%Best | 5.4% |
| Max Drawdown | -2.0%Best | -8.4% |
| $10,000 over 2.6 years | $10,736Best | $10,076 |
| Fund Family | Eaton Vance | Columbia Threadneedle Investments |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Mar 25, 2024 | Oct 10, 2018 |
Not shown on this pair: 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 MUST 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 MUST Performance
Eaton Vance Short Duration Municipal Income ETF (EVSM) is an ETF from Eaton Vance and Columbia Multi-Sector Municipal Income ETF (MUST) is an ETF from Columbia Threadneedle Investments. Over the past year EVSM returned +0.81% while MUST returned -2.87%. Year to date, EVSM is up 0.32% versus a loss of 4.34% for MUST.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MUST has been the more volatile fund, with annualized monthly volatility of 5.4% 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 -8.4% for MUST. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVSM charges 0.19% per year while MUST charges 0.23%. On a $10,000 position that is $19 vs $23 annually, a gap of $4 per year that compounds over a long holding period. On income, EVSM currently yields 3.06% against 3.59% for MUST.
Holdings Overlap
We hold position weights for 97 holdings in EVSM and 356 in MUST, totalling 29.5% and 52.2% 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, 7 positions appear in both.
7 positions in common, counted across the 97 positions we hold weights for in EVSM and 356 in MUST, against full books of 784 and 1,292.
Top Shared Holdings
| Stock | Weight in EVSM | Weight in MUST | Difference |
|---|---|---|---|
| MCSXXBlackrock Liquidity Municash Instl | 4.87% | 0.48% | 4.39% |
| NJ NJSTRN 5 01/01/20Nj Tpk 5% 1/1/2028 | 0.28% | 0.21% | 0.07% |
| TX TRIUTL 5 08/01/20Trinity River Authority, Central Regional Wastewater System, Series 2017 5% 08/01/2029 | 0.31% | 0.11% | 0.20% |
| NY MTATRN 5 11/15/20Metropolitan Transportation Authority (green Bonds), Series 2020, Ref. Rb | 0.28% | 0.11% | 0.17% |
| IL MPNFAC 5 06/15/20Metropolitan Pier & Exposition Authority 5 2029-06-15 | 0.17% | 0.19% | 0.02% |
| OK GRRPWR 5 06/01/20Grand River Dam Auth Okla Rev 5% Jun 01, 2029 | 0.13% | 0.13% | 0.00% |
| TX NRTTRN 5 01/01/20North Texas Tollway Authority 5 01/01/2027 | 0.11% | 0.11% | 0.00% |
You are not choosing between two funds in isolation.
Whichever of EVSM and MUST 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 MUST?
EVSM has an expense ratio of 0.19% while MUST charges 0.23%. EVSM is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, EVSM or MUST?
Over the past year EVSM returned +0.81% vs -2.87% for MUST, 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 MUST?
MUST has been the more volatile fund at 5.4% annualized versus 1.8% for EVSM. Worst drawdown: EVSM -2.0% vs MUST -8.4%.
Should I hold both EVSM and MUST?
EVSM and MUST have a monthly-return correlation of 0.84, 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 MUST?
EVSM yields 3.06% while MUST yields 3.59%, so MUST currently pays the higher dividend yield.
Is MUST better than EVSM?
EVSM has a lower expense ratio. EVSM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.