EVSMvsNMBETF Comparison
VS
Eaton Vance Short Duration Municipal Income ETF (EVSM) belongs to the Municipal Bonds segment. Simplify National Muni Bond ETF (NMB) is part of the Options Strategies segment. EVSM's top 3 sector exposures are Municipal, Sovereign and Non-Corporate. In contrast, NMB's top sector exposures are Municipal. EVSM is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.52% for NMB. EVSM is up 1.18% year-to-date (YTD) with +$259M in YTD flows. NMB performs worse with -0.49% YTD performance, and +$4M in YTD flows. Run a side-by-side ETF comparison of EVSM and NMB 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 NMB 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 NMB | +0.13%-1.15% | +0.17%-1.48% | +1.18%-0.49% | +2.43%+5.70% | n/an/a | n/an/a |
| Flows | EVSM NMB | +$48M+$615K | +$114M+$1M | +$259M+$4M | +$398M+$2M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVSM NMB | +0.96%+3.59% | +0.94%+4.83% | n/an/a | n/an/a |
| Max drawdown | EVSM NMB | -0.62%-3.05% | -1.01%-5.33% | n/an/a | n/an/a |
| Max drawdown duration | EVSM NMB | 37d57d | 103d308d | n/an/a | n/an/a |
Trading data
EVSM | NMB | |
Last sale 9/3/2026 at 1:30 PM | $49.97 | $24.02 |
| Previous close 09/02/2026 | $49.96 | $24.05 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
EVSM | NMB | |
|---|---|---|
| Last price | $49.97 | $24.02 |
| 1D performance | +0.02% | -0.13% |
| AuM | $827.57 M | $48.12 M |
| E/R | 0.19% | 0.52% |
Characteristics
EVSM | NMB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | Simplify |
| Benchmark | - | - |
| N° of holdings | 211 | 22 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2024 | September 9, 2024 |
| ESG | No | No |
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Exposure
Countries
EVSM
USA
60.04%
Other
39.96%
NMB
USA
54.36%
Other
45.64%
Sectors
EVSM
Municipal
56.06%
Other
43.94%
NMB
Municipal
54.36%
Other
45.64%
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Diversification
EVSM
Total weight of top 15 holdings out of 15
14.48%
NMB
Total weight of top 15 holdings out of 15
53.67%
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%
NMB
US43233KAW45
4.39%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
4.37%
US93974FJY07
4.32%
Jacksonville Aviation Authority, 5.25% 1oct2055, USD (2026)
4.22%
Aldine Independent School District, 4.375% 15feb2051, USD (2026)
3.99%
Midlothian Independent School District, 4.375% 15feb2056, USD (2026)
3.40%
US60637AA360
3.27%
Lee, 5.5% 1oct2051, USD (2026A-1)
3.27%
San Francisco Airport Commission, 5.5% 1may2055, USD (2025D)
3.27%
US46613SUP37
3.23%
Austin, 5.25% 15nov2051, USD (2026B)
3.20%
New Jersey Transportation Trust Fund Authority, 5% 15jun2050, USD (2025)
3.19%
US6500093S07
3.19%
Omaha Public Power District, 5% 1feb2056, USD (2026)
3.18%
US3730643H50
3.17%
Frequently asked questions about EVSM and NMB
How have the EVSM and NMB ETFs performed in 2026?
As of September 1, 2026, EVSM is up 1.18% year-to-date (YTD), while NMB has lost -0.49%. That puts EVSM better performer ahead so far this year.
Which ETF is attracting more investor money: EVSM or NMB?
Year-to-date, the EVSM ETF saw +$259M in flows, compared to +$4M for NMB.
Which ETF is more volatile: EVSM or NMB?
Over the past year, EVSM had a volatility of 0.94%, while NMB experienced 4.83%.
Which ETF is bigger: EVSM or NMB?
As of September 1, 2026, EVSM holds $827.57 M in assets under management (AUM), while NMB manages $48.12 M.
What sectors do the EVSM and NMB ETFs invest in?
EVSM leans toward sectors like Municipal. Meanwhile, NMB focuses on Municipal.
What are the top holdings of the EVSM ETF and NMB ETF?
EVSM top holdings include BlackRock Liquidity MuniCash, Gainesville (FL), FRN 1oct2042, USD (2012) and City of Los Angeles, 5% 24jun2027, USD (2026). NMB holds in its top three: US43233KAW45, Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025) and US93974FJY07.
Which ETF is more diversified: EVSM or NMB?
EVSM holds 379 securities with 14.48% of its assets in the top 15. NMB has 36 securities and a top 15 weight of 53.67%.
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Latest news about EVSM & NMB
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