EVSMvsVTEIETF Comparison
VS
Eaton Vance Short Duration Municipal Income ETF (EVSM) and Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) belong to the same industry segment: Municipal Bonds. EVSM's top 3 sector exposures are Municipal, Non-Corporate and Sovereign. In contrast, VTEI's top sector exposures are Municipal. EVSM is more expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.08% for VTEI. EVSM is up 0.63% year-to-date (YTD) with +$488M in YTD flows. VTEI performs worse with -1.73% YTD performance, and +$1.01B in YTD flows. Run a side-by-side ETF comparison of EVSM and VTEI 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 VTEI 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 VTEI | -0.02%+0.14% | -0.63%-2.64% | +0.63%-1.73% | +1.18%-1.00% | n/an/a | n/an/a |
| Flows | EVSM VTEI | +$221M+$501M | +$290M+$637M | +$488M+$1.01B | +$564M+$1.17B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVSM VTEI | +1.95%+4.55% | +1.25%+2.84% | n/an/a | n/an/a |
| Max drawdown | EVSM VTEI | -2.03%-5.13% | -2.03%-6.13% | n/an/a | n/an/a |
| Max drawdown duration | EVSM VTEI | 51d92d | 51d229d | n/an/a | n/an/a |
Trading data
EVSM | VTEI | |
Last sale 10/16/2026 at 1:30 PM | $49.60 | $96.77 |
| Previous close 10/15/2026 | $49.56 | $96.79 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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EVSM
is actively managed and doesn’t replicate an indexEVSM | VTEI | |
|---|---|---|
| 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 | VTEI | |
|---|---|---|
| Last price | $49.60 | $96.77 |
| 1D performance | +0.08% | -0.02% |
| AuM | $1.05 B | $2.09 B |
| E/R | 0.19% | 0.08% |
Characteristics
EVSM | VTEI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | Vanguard |
| Benchmark | - | S&P Intermediate Term National AMT-Free Municipal Bond Index |
| N° of holdings | 208 | 2950 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2024 | January 30, 2024 |
| ESG | No | No |
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Exposure
Countries
EVSM
USA
56.04%
Other
43.96%
VTEI
USA
53.74%
Other
46.26%
Sectors
EVSM
Municipal
52.5%
Other
47.5%
VTEI
Municipal
53.74%
Other
46.26%
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Diversification
EVSM
Total weight of top 15 holdings out of 15
15.71%
VTEI
Total weight of top 15 holdings out of 15
2.61%
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%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
0.97%
US246579LZ71
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%
VTEI
US13063EUS35
0.51%
US13063EUP95
0.40%
California, 5% 1mar2035, USD
0.15%
California, 5% 1oct2035, USD
0.15%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.14%
US13063EUV63
0.14%
University of California, 5% 15may2036, USD (2025)
0.13%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.12%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.12%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2039, USD
0.12%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.12%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
Frequently asked questions about EVSM and VTEI
How have the EVSM and VTEI ETFs performed in 2026?
As of October 16, 2026, EVSM is up 0.63% year-to-date (YTD), while VTEI has lost -1.73%. That puts EVSM better performer ahead so far this year.
Which ETF is attracting more investor money: EVSM or VTEI?
Year-to-date, the EVSM ETF saw +$488M in flows, compared to +$1.01B for VTEI.
Which ETF is more volatile: EVSM or VTEI?
Over the past year, EVSM had a volatility of 1.25%, while VTEI experienced 2.84%.
Which ETF is bigger: EVSM or VTEI?
As of October 16, 2026, EVSM holds $1.05 B in assets under management (AUM), while VTEI manages $2.09 B.
What sectors do the EVSM and VTEI ETFs invest in?
EVSM leans toward sectors like Municipal. Meanwhile, VTEI focuses on Municipal.
What are the top holdings of the EVSM ETF and VTEI ETF?
EVSM top holdings include BlackRock Liquidity MuniCash, US160853MR54 and Gainesville (FL), FRN 1oct2042, USD (2012). VTEI holds in its top three: US13063EUS35, US13063EUP95 and California, 5% 1mar2035, USD.
Which ETF is more diversified: EVSM or VTEI?
EVSM holds 392 securities with 15.71% of its assets in the top 15. VTEI has 6052 securities and a top 15 weight of 2.61%.
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