Eaton Vance National Municipal Income Fund (ECHMX)
Under normal market circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations, the interest on which is exempt from regular federal income tax (the "80% Policy").
Fund Info
US27826L5122
27826L512
Dec 2, 1993
$1,000
Expense Ratio
ECHMX has a high expense ratio of 1.39%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Eaton Vance National Municipal Income Fund (ECHMX) returned -2.74% year-to-date (YTD) and -1.53% over the past 12 months. Over the past 10 years, ECHMX returned 1.65% annually, underperforming the S&P 500 benchmark at 10.78%.
ECHMX
-2.74%
0.79%
-3.00%
-1.53%
0.10%
1.65%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of ECHMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.08% | 1.01% | -2.13% | -1.00% | -0.56% | -2.74% | |||||||
| 2024 | 0.03% | -0.06% | -0.07% | -1.25% | 0.25% | 1.46% | 0.68% | 0.46% | 1.21% | -1.56% | 1.87% | -1.78% | 1.19% |
| 2023 | 3.56% | -2.54% | 1.90% | 0.24% | -0.73% | 1.01% | 0.24% | -1.39% | -3.17% | -2.01% | 7.30% | 2.78% | 6.92% |
| 2022 | -2.80% | -0.76% | -3.20% | -2.86% | 1.24% | -2.14% | 2.36% | -2.48% | -3.94% | -1.24% | 5.69% | -0.64% | -10.62% |
| 2021 | 0.71% | -1.86% | 0.60% | 0.89% | 0.49% | 0.22% | 0.68% | -0.66% | -0.95% | -0.28% | 0.79% | 0.11% | 0.71% |
| 2020 | 2.05% | 1.73% | -4.53% | -1.93% | 3.35% | 1.36% | 1.74% | -0.61% | -0.13% | -0.43% | 1.83% | 0.72% | 5.01% |
| 2019 | 0.44% | 0.75% | 1.56% | 0.42% | 1.52% | 0.30% | 0.79% | 1.87% | -0.97% | -0.11% | 0.09% | 0.28% | 7.12% |
| 2018 | -0.88% | -0.16% | 0.24% | -0.28% | 1.29% | 0.17% | 0.36% | 0.02% | -0.59% | -0.61% | 0.75% | 0.74% | 1.02% |
| 2017 | 0.26% | 0.37% | 0.26% | 0.66% | 1.37% | -0.36% | 0.75% | 0.75% | -0.06% | -0.37% | -0.37% | 0.63% | 3.92% |
| 2016 | 0.97% | -0.63% | 0.87% | 1.16% | 0.45% | 1.94% | -0.53% | 0.53% | -0.35% | -0.94% | -3.44% | 1.07% | 0.98% |
| 2015 | 1.88% | -1.52% | 0.36% | -0.65% | -0.24% | -0.45% | 0.68% | 0.56% | 0.57% | 0.47% | 0.67% | 1.18% | 3.53% |
| 2014 | 3.17% | 2.20% | 0.34% | 1.83% | 2.09% | -0.20% | 0.10% | 1.83% | 0.48% | 0.57% | -0.14% | 0.97% | 13.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ECHMX is 7, meaning it’s performing worse than 93% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance National Municipal Income Fund (ECHMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Eaton Vance National Municipal Income Fund provided a 3.12% dividend yield over the last twelve months, with an annual payout of $0.28 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $0.27 | $0.20 | $0.14 | $0.20 | $0.24 | $0.28 | $0.29 | $0.30 | $0.31 | $0.36 |
Dividend yield | 3.12% | 3.03% | 2.90% | 2.26% | 1.38% | 1.92% | 2.39% | 2.86% | 2.92% | 3.08% | 3.13% | 3.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance National Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2021 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2014 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance National Municipal Income Fund. 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 National Municipal Income Fund was 40.94%, occurring on Dec 16, 2008. Recovery took 771 trading sessions.
The current Eaton Vance National Municipal Income Fund drawdown is 6.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.94% | Mar 2, 2007 | 452 | Dec 16, 2008 | 771 | Jan 9, 2012 | 1223 |
| -20.54% | Mar 26, 2001 | 70 | Jul 3, 2001 | 10 | Jul 18, 2001 | 80 |
| -16.33% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -14.73% | May 3, 2013 | 87 | Sep 5, 2013 | 248 | Aug 29, 2014 | 335 |
| -12.02% | Oct 6, 1998 | 338 | Jan 21, 2000 | 293 | Mar 22, 2001 | 631 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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