EVSMvsMLNETF Comparison
VS
Eaton Vance Short Duration Municipal Income ETF (EVSM) and VanEck Long Muni ETF (MLN) belong to the same industry segment: Municipal Bonds. EVSM's top 3 sector exposures are Municipal, Non-Corporate and Sovereign. In contrast, MLN's top sector exposures are Municipal. EVSM is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.24% for MLN. EVSM is up 0.63% year-to-date (YTD) with +$488M in YTD flows. MLN performs worse with -3.29% YTD performance, and +$95M in YTD flows. Run a side-by-side ETF comparison of EVSM and MLN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EVSM vs MLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EVSM MLN | -0.02%-0.84% | -0.63%-5.48% | +0.63%-3.29% | +1.18%-3.06% | n/a+10.54% | n/a-9.18% |
| Flows | EVSM MLN | +$221M+$46M | +$290M+$51M | +$488M+$95M | +$564M+$120M | -+$313M | -+$549M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVSM MLN | +1.95%+7.33% | +1.25%+4.62% | n/a+5.77% | n/a+6.07% |
| Max drawdown | EVSM MLN | -2.03%-8.15% | -2.03%-9.02% | n/a-9.02% | n/a-23.40% |
| Max drawdown duration | EVSM MLN | 51d92d | 51d102d | n/a102d | n/a1747d |
Trading data
EVSM | MLN | |
Last sale 10/16/2026 at 1:30 PM | $49.60 | $16.55 |
| Previous close 10/16/2026 | $49.56 | $16.63 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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EVSM
is actively managed and doesn’t replicate an indexEVSM | MLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
EVSM | MLN | |
|---|---|---|
| Last price | $49.60 | $16.55 |
| 1D performance | +0.08% | -0.48% |
| AuM | $1.05 B | $699.23 M |
| E/R | 0.19% | 0.24% |
Characteristics
EVSM | MLN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | VanEck |
| Benchmark | - | ICE Long AMT-Free Broad National Municipal Index |
| N° of holdings | 208 | 346 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2024 | January 2, 2008 |
| ESG | No | No |
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Exposure
Countries
EVSM
USA
56.04%
Other
43.96%
MLN
USA
56.14%
Other
43.86%
Sectors
EVSM
Municipal
52.5%
Other
47.5%
MLN
Municipal
56.14%
Other
43.86%
Diversification
EVSM
Total weight of top 15 holdings out of 15
15.71%
MLN
Total weight of top 15 holdings out of 15
7.99%
Top 15 holdings
Data as of August 31, 2026
EVSM
BlackRock Liquidity MuniCash
2.32%
US160853MR54
1.09%
Gainesville (FL), FRN 1oct2042, USD (2012)
1.05%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.05%
US083773EE76
1.03%
US246579LZ71
0.97%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
0.97%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.96%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.95%
US454898XD44
0.95%
US70917TSU69
0.90%
US812643H643
0.90%
University of Connecticut, 3.83% 23mar2027, USD (2026)
0.90%
Aquarion Water Authority, 5.25% 1feb2031, USD (2026)
0.85%
Ohio Water Development Authority, FRN 1dec2054, USD (2024C)
0.82%
MLN
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.76%
City of New York, 5% 1sep2048, USD (2025)
0.74%
Onondaga Civic Development Corp., 5.5% 1dec2056, USD (2025)
0.52%
Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)
0.52%
US677523JU73
0.51%
Los Angeles Department of Airports, 5.25% 15may2051, USD (2025)
0.51%
US64990KHZ93
0.51%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
0.50%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026)
0.50%
Colorado Bridge and Tunnel Enterprise, 5.25% 1dec2054, USD (2025A)
0.50%
City of New York, 5% 1oct2045, USD (2026)
0.50%
Massachusetts, 5% 1aug2054, USD (2024)
0.49%
North Carolina Turnpike Authority, 5% 1jan2058, USD (2024A)
0.49%
US93978LJN73
0.49%
US677632N648
0.47%
Frequently asked questions about EVSM and MLN
How have the EVSM and MLN ETFs performed in 2026?
As of October 16, 2026, EVSM is up 0.63% year-to-date (YTD), while MLN has lost -3.29%. That puts EVSM better performer ahead so far this year.
Which ETF is attracting more investor money: EVSM or MLN?
Year-to-date, the EVSM ETF saw +$488M in flows, compared to +$95M for MLN.
Which ETF is more volatile: EVSM or MLN?
Over the past year, EVSM had a volatility of 1.25%, while MLN experienced 4.62%.
Which ETF is bigger: EVSM or MLN?
As of October 16, 2026, EVSM holds $1.05 B in assets under management (AUM), while MLN manages $699.23 M.
What sectors do the EVSM and MLN ETFs invest in?
EVSM leans toward sectors like Municipal. Meanwhile, MLN focuses on Municipal.
What are the top holdings of the EVSM ETF and MLN ETF?
EVSM top holdings include BlackRock Liquidity MuniCash, US160853MR54 and Gainesville (FL), FRN 1oct2042, USD (2012). MLN holds in its top three: Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C), City of New York, 5% 1sep2048, USD (2025) and Onondaga Civic Development Corp., 5.5% 1dec2056, USD (2025).
Which ETF is more diversified: EVSM or MLN?
EVSM holds 392 securities with 15.71% of its assets in the top 15. MLN has 633 securities and a top 15 weight of 7.99%.
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