EVSMvsHYDETF Comparison
VS
Eaton Vance Short Duration Municipal Income ETF (EVSM) and VanEck High Yield Muni ETF (HYD) belong to the same industry segment: Municipal Bonds. EVSM's top 3 sector exposures are Municipal, Sovereign and Non-Corporate. In contrast, HYD's top sector exposures are Municipal. EVSM is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.32% for HYD. EVSM is up 1.18% year-to-date (YTD) with +$259M in YTD flows. HYD performs worse with 0.93% YTD performance, and +$367M in YTD flows. Run a side-by-side ETF comparison of EVSM and HYD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
EVSM vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EVSM HYD | +0.13%-0.60% | +0.17%-1.22% | +1.18%+0.93% | +2.43%+5.51% | n/a+12.06% | n/a-3.18% |
| Flows | EVSM HYD | +$48M-$83M | +$114M+$98M | +$259M+$367M | +$398M+$1.00B | -+$1.62B | -+$1.12B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVSM HYD | +0.96%+2.83% | +0.94%+2.78% | n/a+4.39% | n/a+4.52% |
| Max drawdown | EVSM HYD | -0.62%-2.22% | -1.01%-2.84% | n/a-6.23% | n/a-19.67% |
| Max drawdown duration | EVSM HYD | 37d58d | 103d106d | n/a225d | n/a1826d |
Trading data
EVSM | HYD | |
Last sale 9/3/2026 at 1:30 PM | $49.97 | $49.46 |
| Previous close 09/02/2026 | $49.96 | $49.55 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
EVSM
is actively managed and doesn’t replicate an indexEVSM | HYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
EVSM | HYD | |
|---|---|---|
| Last price | $49.97 | $49.46 |
| 1D performance | +0.02% | -0.19% |
| AuM | $827.57 M | $4.29 B |
| E/R | 0.19% | 0.32% |
Characteristics
EVSM | HYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | VanEck |
| Benchmark | - | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 211 | 716 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2024 | February 4, 2009 |
| ESG | No | No |
Exposure
Countries
EVSM
USA
60.04%
Other
39.96%
HYD
USA
60.29%
Other
39.71%
Sectors
EVSM
Municipal
56.06%
Other
43.94%
HYD
Municipal
60.29%
Other
39.71%
Diversification
EVSM
Total weight of top 15 holdings out of 15
14.48%
HYD
Total weight of top 15 holdings out of 15
8.67%
Top 15 holdings
Data as of July 31, 2026
EVSM
BlackRock Liquidity MuniCash
1.65%
Gainesville (FL), FRN 1oct2042, USD (2012)
1.11%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.11%
US083773EE76
1.10%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
1.02%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
1.02%
US454898XD44
1.01%
University of Connecticut, 3.83% 23mar2027, USD (2026)
0.96%
Aquarion Water Authority, 5.25% 1feb2031, USD (2026)
0.90%
Ohio Water Development Authority, FRN 1dec2054, USD (2024C)
0.87%
US607167DW00
0.86%
US254845VW74
0.82%
Nashville and Davidson Metropolitan Government, 5% 1jul2032, USD (2026)
0.69%
US84136HCT86
0.68%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.68%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.00%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.81%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.70%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.57%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.50%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
US442349GA89
0.44%
Frequently asked questions about EVSM and HYD
How have the EVSM and HYD ETFs performed in 2026?
As of September 1, 2026, EVSM is up 1.18% year-to-date (YTD), while HYD has returned 0.93%. That puts EVSM better performer ahead so far this year.
Which ETF is attracting more investor money: EVSM or HYD?
Year-to-date, the EVSM ETF saw +$259M in flows, compared to +$367M for HYD.
Which ETF is more volatile: EVSM or HYD?
Over the past year, EVSM had a volatility of 0.94%, while HYD experienced 2.78%.
Which ETF is bigger: EVSM or HYD?
As of September 1, 2026, EVSM holds $827.57 M in assets under management (AUM), while HYD manages $4.29 B.
What sectors do the EVSM and HYD ETFs invest in?
EVSM leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the EVSM ETF and HYD ETF?
EVSM top holdings include BlackRock Liquidity MuniCash, Gainesville (FL), FRN 1oct2042, USD (2012) and City of Los Angeles, 5% 24jun2027, USD (2026). HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: EVSM or HYD?
EVSM holds 379 securities with 14.48% of its assets in the top 15. HYD has 1439 securities and a top 15 weight of 8.67%.
Advertisement
Latest news about EVSM & HYD
How Investors can Maximize Tax Efficiency with Income ETFs
July 22, 2026
HYD
Which Types of Bond ETFs Are the Most Tax Efficient?
September 2, 2025
HYD
Advertisement
Advertisement
