TPLSvsEVSMETF Comparison
VS
Thornburg Core Plus Bond ETF (TPLS) belongs to the Intl Aggregate Bonds segment. Eaton Vance Short Duration Municipal Income ETF (EVSM) is part of the Municipal Bonds segment. TPLS's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, EVSM's top sector exposures are Municipal, Non-Corporate and Sovereign. TPLS is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.19% for EVSM. TPLS is down -1.27% year-to-date (YTD) with +$2M in YTD flows. EVSM performs better with 0.63% YTD performance, and +$488M in YTD flows. Run a side-by-side ETF comparison of TPLS and EVSM 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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TPLS vs EVSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TPLS EVSM | -0.29%-0.02% | -1.61%-0.63% | -1.27%+0.63% | -1.42%+1.18% | n/an/a | n/an/a |
| Flows | TPLS EVSM | +$6M+$221M | +$6M+$290M | +$2M+$488M | +$2M+$564M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TPLS EVSM | +4.34%+1.95% | +3.95%+1.25% | n/an/a | n/an/a |
| Max drawdown | TPLS EVSM | -3.17%-2.03% | -4.59%-2.03% | n/an/a | n/an/a |
| Max drawdown duration | TPLS EVSM | 52d51d | 229d51d | n/an/a | n/an/a |
Trading data
TPLS | EVSM | |
Last sale 10/16/2026 at 1:30 PM | $24.26 | $49.60 |
| Previous close 10/16/2026 | $24.23 | $49.56 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TPLS | EVSM | |
|---|---|---|
| Last price | $24.26 | $49.60 |
| 1D performance | +0.12% | +0.08% |
| AuM | $20.38 M | $1.05 B |
| E/R | 0.45% | 0.19% |
Characteristics
TPLS | EVSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Thornburg | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 236 | 208 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 5, 2025 | March 25, 2024 |
| ESG | No | No |
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Exposure
Countries
TPLS
USA
56.46%
Other
43.54%
EVSM
USA
56.04%
Other
43.96%
Sectors
TPLS
Sovereign
16.96%
Finance
11.36%
Industrials
7.18%
Other
64.5%
EVSM
Municipal
52.5%
Other
47.5%
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Diversification
TPLS
Total weight of top 15 holdings out of 15
29.4%
EVSM
Total weight of top 15 holdings out of 15
15.71%
Top 15 holdings
Data as of August 31, 2026
TPLS
USA, STRIPS 0% 15may2045, USD (10958D)
8.61%
USA, STRIPS 0% 15feb2056, USD (10955D)
4.61%
Thornburg Capital Management Fund
3.80%
US31427NEK19
2.04%
US693981AC68
1.61%
USA, TIPS 0.125% 15feb2051, USD
1.21%
FR SD8533, 5.5% 1may2055, USD (ABS)
1.16%
US31418EU999
1.05%
US3132DP3J51
0.93%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.91%
US3140W6XM92
0.73%
US00969YAA29
0.72%
US233824AA90
0.68%
US19688RAF64
0.68%
US85573HAA86
0.67%
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%
US812643H643
0.90%
US70917TSU69
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%
Frequently asked questions about TPLS and EVSM
How have the TPLS and EVSM ETFs performed in 2026?
As of October 16, 2026, TPLS is down -1.27% year-to-date (YTD), while EVSM has returned 0.63%. That puts EVSM better performer ahead so far this year.
Which ETF is attracting more investor money: TPLS or EVSM?
Year-to-date, the TPLS ETF saw +$2M in flows, compared to +$488M for EVSM.
Which ETF is more volatile: TPLS or EVSM?
Over the past year, TPLS had a volatility of 3.95%, while EVSM experienced 1.25%.
Which ETF is bigger: TPLS or EVSM?
As of October 16, 2026, TPLS holds $20.38 M in assets under management (AUM), while EVSM manages $1.05 B.
What sectors do the TPLS and EVSM ETFs invest in?
TPLS leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, EVSM focuses on Municipal.
What are the top holdings of the TPLS ETF and EVSM ETF?
TPLS top holdings include USA, STRIPS 0% 15may2045, USD (10958D), USA, STRIPS 0% 15feb2056, USD (10955D) and Thornburg Capital Management Fund. EVSM holds in its top three: BlackRock Liquidity MuniCash, US160853MR54 and Gainesville (FL), FRN 1oct2042, USD (2012).
Which ETF is more diversified: TPLS or EVSM?
TPLS holds 344 securities with 29.4% of its assets in the top 15. EVSM has 392 securities and a top 15 weight of 15.71%.
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