Eaton Vance California Municipal Income Trust (CEV)

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Eaton Vance California Municipal Income Trust (CEV) is up 6.1% since the beginning of the year. At $10 per share, CEV is trading 4.0% below its 52-week high of $11. Investors who bought $1,000 worth of CEV shares 5 years ago would now be looking at an investment worth $974.

Eaton Vance California Municipal Income Trust (CEV) has returned 6.12% so far this year and 14.35% over the past 12 months. Over the last ten years, CEV has returned 1.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 27, 1999, CEV's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.

Historically, 58% of months were positive and 42% were negative. The best month was Jan 2009 with a return of +29.9%, while the worst month was Sep 2008 at -24.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, CEV closed higher 49% of trading days. The best single day was Oct 13, 2008 with a return of +23.4%, while the worst single day was Oct 9, 2008 at -14.3%.

Eaton Vance California Municipal Income Trust has an annualized alpha of 4.19%, beta of 0.18, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 27, 1999.

• This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.87%) than losses (8.45%) - typical of diversified or defensive assets.
• Beta of 0.18 may look defensive, but with R2 of 0.04 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.04 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CEV ranks 78 for risk / return — better than 78% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Eaton Vance California Municipal Income Trust provided a 5.80% dividend yield over the last twelve months, with an annual payout of $0.60 per share. The company has been increasing its dividends for 2 consecutive years.

The table displays the monthly dividend distributions for Eaton Vance California Municipal Income Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Eaton Vance California Municipal Income Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Eaton Vance California Municipal Income Trust was 58.47%, occurring on Dec 16, 2008. Recovery took 366 trading sessions.

The current Eaton Vance California Municipal Income Trust drawdown is 8.62%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Eaton Vance California Municipal Income Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Eaton Vance California Municipal Income Trust is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.