EVSM vs TAXM
Eaton Vance Short Duration Municipal Income ETF vs BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
Which is better, EVSM or TAXM?
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 | TAXM |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.35% |
| AUM | $1.0B | $40M |
| Dividend Yield | 3.06% | 3.43% |
| Holdings | 784 | 162 |
| YTD Return | +0.32%Best | -3.22% |
| 1Y Return | +0.81%Best | -2.42% |
| Volatility (annualized) | 2.0%Best | 4.7% |
| Max Drawdown | -2.0%Best | -6.2% |
| $10,000 over 1.6 years | $10,369Best | $10,040 |
| Fund Family | Eaton Vance | BondBloxx |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Mar 25, 2024 | Mar 13, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 13, 2025 to Oct 14, 2026 (1.6 years).
EVSM vs TAXM 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 1.6 years both funds cover.
EVSM vs TAXM Performance
Eaton Vance Short Duration Municipal Income ETF (EVSM) is an ETF from Eaton Vance and BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) is an ETF from BondBloxx. Over the past year EVSM returned +0.81% while TAXM returned -2.42%. Year to date, EVSM is up 0.32% versus a loss of 3.22% for TAXM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TAXM has been the more volatile fund, with annualized monthly volatility of 4.7% 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 -6.2% for TAXM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVSM charges 0.19% per year while TAXM charges 0.35%. On a $10,000 position that is $19 vs $35 annually, a gap of $16 per year that compounds over a long holding period. On income, EVSM currently yields 3.06% against 3.43% for TAXM.
Holdings Overlap
We hold position weights for 97 holdings in EVSM and 69 in TAXM, totalling 29.5% and 32.5% 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, 4 positions appear in both.
4 positions in common, counted across the 97 positions we hold weights for in EVSM and 69 in TAXM, against full books of 784 and 162.
Top Shared Holdings
| Stock | Weight in EVSM | Weight in TAXM | Difference |
|---|---|---|---|
| NY MTATRN 5 11/15/20Ny Met Transprtn Auth Rev 5.00% 2050-11-15 | 0.28% | 1.32% | 1.04% |
| NJ NJSTRN 5 01/01/20Nj Tpk 5% 1/1/2045 | 0.28% | 0.48% | 0.20% |
| GA MAIUTL 07/01/2052Main Street Natural Gas Inc Ga Regd N/C V/R B/E 4.00000000 | 0.27% | 0.48% | 0.21% |
| AL BBEUTL 06/01/2049Black Belt Energy Gas Dist Ala 5.5% Feb 01, 2029 | 0.27% | 0.28% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of EVSM and TAXM 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 TAXM?
EVSM has an expense ratio of 0.19% while TAXM charges 0.35%. EVSM is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, EVSM or TAXM?
Over the past year EVSM returned +0.81% vs -2.42% for TAXM, so EVSM leads on 1-year performance. Over the longest common window we track (2 years), EVSM annualized +2.29% vs +0.25% for TAXM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVSM or TAXM?
TAXM has been the more volatile fund at 4.7% annualized versus 2.0% for EVSM. Worst drawdown: EVSM -2.0% vs TAXM -6.2%.
Should I hold both EVSM and TAXM?
EVSM and TAXM have a monthly-return correlation of 0.87, 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 TAXM?
EVSM yields 3.06% while TAXM yields 3.43%, so TAXM currently pays the higher dividend yield.
Is TAXM 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.