SHYM vs EIM

Comparison between iShares High Yield Muni Income Active ETF (SHYM, ETF) and Eaton Vance Municipal Bond Fund (EIM, ETF).

5-Year PerformanceSHYM has outperformed EIM, delivering a return of +1.0% compared to -1.6%

SHYM vs EIM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHYM(ETF)	EIM(ETF)
Net Assets	$545M	$543M
Expense Ratio	0.40%	N/A
Max Drawdown	26.45%	56.59%
Sharpe Ratio	0.39	0.43
5Y Beta	-0.05	0.13
5Y Dividends CAGR	66.79%	2.10%

Net Assets

Winner

SHYM

$545M

EIM

$543M

Expense Ratio

SHYM

0.40%

EIM

N/A

Max Drawdown

Winner

SHYM

26.45%

EIM

56.59%

Sharpe Ratio

SHYM

0.39

Winner

EIM

0.43

5Y Beta

Winner

SHYM

-0.05

EIM

0.13

5Y Dividends CAGR

Winner

SHYM

66.79%

EIM

2.10%

SHYM vs EIM - Historical Returns

Returns include dividend reinvestment.

Period	SHYM	EIM
1 month	+0.79%	-1.91%
3 months	+0.79%	-1.49%
6 months	+2.29%	+0.79%
1 year	+4.85%	+7.29%
5 years(CAGR)	+0.99%	-1.61%
10 years(CAGR)	N/A	+1.45%
Max(CAGR)	+1.85%	+4.31%

Winner

SHYM

+0.79%

EIM

-1.91%

Winner

SHYM

+0.79%

EIM

-1.49%

Winner

SHYM

+2.29%

EIM

+0.79%

SHYM

+4.85%

Winner

EIM

+7.29%

5Y(CAGR)

Winner

SHYM

+0.99%

EIM

-1.61%

10Y(CAGR)

SHYM

N/A

EIM

+1.45%

Max(CAGR)

SHYM

+1.85%

Winner

EIM

+4.31%

SHYM vs EIM - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	SHYM	EIM
2026	+1.86%	+2.60%
2025	+2.36%	-0.67%
2024	+7.19%	+8.21%
2023	+8.51%	+3.26%
2022	-15.84%	-19.82%
2021	+6.71%	+4.58%
2020	N/A	+10.73%
2019	N/A	+17.96%
2018	N/A	-5.45%
2017	N/A	+6.28%
2016	N/A	+0.62%
2015	N/A	+7.23%
2014	N/A	+21.23%
2013	N/A	-15.89%
2012	N/A	+17.58%
2011	N/A	+20.30%
2010	N/A	-1.71%
2009	N/A	+42.16%
2008	N/A	-34.49%
2007	N/A	-4.87%
2006	N/A	+13.91%
2005	N/A	+23.19%
2004	N/A	+4.61%
2003	N/A	+9.41%
2002	N/A	-8.99%

SHYM vs EIM Drawdown Comparison

The maximum drawdown for SHYM was -22.55%, occurring on Oct 24, 2022. Recovery took 908 trading sessions.

The maximum drawdown for EIM was -52.49%, occurring on Dec 15, 2008. Recovery took 597 trading sessions.

The current SHYM drawdown is -0.09%. The current EIM drawdown is -10.82%.

Rank	SHYM	EIM
#1	-22.55% Jul 19, 2021 - Feb 28, 2025	-52.49% Jan 14, 2008 - May 27, 2010
#2	-8.06% Feb 28, 2025 - Jan 2, 2026	-31.68% Sep 15, 2021 - Oct 25, 2023
#3	-2.23% Feb 27, 2026 - May 29, 2026	-26.00% Dec 6, 2012 - Jan 28, 2015
#4	-0.72% Jun 10, 2021 - Jul 2, 2021	-24.04% Feb 25, 2020 - Jul 21, 2020
#5	-0.27% Apr 15, 2021 - Apr 22, 2021	-23.12% Oct 4, 2010 - Dec 27, 2011
#6	-0.27% Jan 14, 2026 - Jan 27, 2026	-15.00% Jul 8, 2016 - May 13, 2019
#7	-0.18% Feb 4, 2026 - Feb 12, 2026	-14.38% Mar 18, 2004 - Oct 19, 2004
#8	-0.13% Apr 28, 2021 - May 5, 2021	-12.21% Sep 5, 2002 - May 13, 2003
#9	-0.12% May 6, 2021 - May 13, 2021	-11.75% May 3, 2007 - Jan 11, 2008
#10	-0.10% Mar 26, 2021 - Mar 30, 2021	-10.50% Jun 19, 2003 - Jan 12, 2004
#11	-0.09% Jun 4, 2026 - Jun 5, 2026	-8.57% Dec 29, 2005 - Aug 17, 2006
#12	-0.06% Jul 12, 2021 - Jul 14, 2021	-7.84% Jan 30, 2015 - Oct 20, 2015
#13	-0.04% Jan 12, 2026 - Jan 14, 2026	-7.62% Feb 14, 2005 - May 4, 2005
#14	-0.04% Feb 23, 2026 - Feb 27, 2026	-7.30% Mar 5, 2012 - May 9, 2012
#15	-0.04% May 27, 2021 - Jun 1, 2021	-4.71% Oct 19, 2004 - Jan 13, 2005

Correlation

Correlation between SHYM and EIM is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2002 - 2026)

SHYM vs EIM dividend yield comparison.

Year	SHYM	EIM
2026	1.70%	2.62%
2025	4.55%	6.27%
2024	4.35%	5.65%
2023	4.35%	4.07%
2022	4.01%	4.87%
2021	2.97%	4.38%
2020	0.00%	4.29%
2019	0.00%	4.00%
2018	0.00%	4.98%
2017	0.00%	5.48%
2016	0.00%	5.64%
2015	0.00%	5.90%
2014	0.00%	5.97%
2013	0.00%	6.78%
2012	0.00%	5.56%
2011	0.00%	7.15%
2010	0.00%	7.96%
2009	0.00%	6.74%
2008	0.00%	8.76%
2007	0.00%	6.80%
2006	0.00%	7.10%
2005	0.00%	10.57%
2004	0.00%	6.92%
2003	0.00%	6.59%
2002	0.00%	1.69%