EVSM vs ZALT
Comparison between EATON VANCE SHORT DURATION MUNICIPAL INCOME ETF (EVSM, ETF) and Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT, ETF).
EVSM vs ZALT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
EVSM
$781M
ZALT
$776M
Expense Ratio
Winner
EVSM
0.19%
ZALT
0.69%
Max Drawdown
Winner
EVSM
2.12%
ZALT
8.19%
Sharpe Ratio
EVSM
-0.93
Winner
ZALT
1.33
5Y Beta
Winner
EVSM
0.01
ZALT
0.36
EVSM vs ZALT - Historical Returns
Returns include dividend reinvestment.
1M
EVSM
+0.50%
Winner
ZALT
+1.58%
3M
EVSM
+0.73%
Winner
ZALT
+2.21%
6M
EVSM
+0.21%
Winner
ZALT
+4.67%
1Y
EVSM
+2.59%
Winner
ZALT
+9.22%
Max(CAGR)
EVSM
+3.36%
Winner
ZALT
+10.80%
EVSM vs ZALT - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | EVSM | ZALT |
|---|---|---|
| 2026 | +1.32% | +5.57% |
| 2025 | +4.30% | +9.19% |
| 2024 | +2.52% | +12.17% |
| 2023 | N/A | +3.95% |
EVSM vs ZALT Drawdown Comparison
The maximum drawdown for EVSM was -1.50%, occurring on Apr 11, 2025. Recovery took 40 trading sessions.
The maximum drawdown for ZALT was -8.19%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.
The current EVSM drawdown is -0.11%. The current ZALT drawdown is -0.33%.
| Rank | EVSM | ZALT |
|---|---|---|
| #1 | -1.50% Apr 4, 2025 - Jun 3, 2025 | -8.19% Feb 20, 2025 - May 15, 2025 |
| #2 | -1.07% Feb 27, 2026 - Jun 5, 2026 | -3.28% Jul 16, 2024 - Aug 16, 2024 |
| #3 | -0.81% Oct 15, 2024 - Dec 4, 2024 | -2.01% Oct 16, 2023 - Nov 3, 2023 |
| #4 | -0.68% Dec 6, 2024 - Jan 27, 2025 | -1.86% Mar 28, 2024 - May 9, 2024 |
| #5 | -0.62% Jul 6, 2026 - Jul 24, 2026 | -1.71% Feb 25, 2026 - Apr 8, 2026 |
| #6 | -0.54% May 15, 2024 - Jun 13, 2024 | -1.52% Nov 11, 2025 - Nov 26, 2025 |
| #7 | -0.52% Apr 1, 2024 - May 7, 2024 | -1.45% Aug 30, 2024 - Sep 12, 2024 |
| #8 | -0.49% Feb 26, 2025 - Apr 4, 2025 | -1.41% Dec 26, 2024 - Jan 22, 2025 |
| #9 | -0.42% Jul 24, 2024 - Aug 1, 2024 | -1.30% Oct 8, 2025 - Oct 20, 2025 |
| #10 | -0.38% Feb 6, 2025 - Feb 25, 2025 | -1.26% Dec 16, 2024 - Dec 26, 2024 |
| #11 | -0.36% Jul 16, 2024 - Jul 24, 2024 | -1.23% Dec 11, 2025 - Dec 22, 2025 |
| #12 | -0.34% Aug 5, 2024 - Aug 23, 2024 | -0.97% Jul 10, 2026 - Aug 3, 2026 |
| #13 | -0.34% Sep 17, 2025 - Oct 13, 2025 | -0.94% Dec 26, 2025 - Jan 26, 2026 |
| #14 | -0.26% Oct 2, 2024 - Oct 15, 2024 | -0.85% Feb 2, 2026 - Feb 11, 2026 |
| #15 | -0.26% Nov 11, 2025 - Dec 11, 2025 | -0.85% Oct 22, 2024 - Nov 6, 2024 |
Correlation
Correlation between EVSM and ZALT is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
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