Eaton Vance National Municipal Income Fund (ECHMX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Eaton Vance National Municipal Income Fund (ECHMX) is up 1.8% since the beginning of the year. ECHMX is currently trading at $9 per share. Investors who bought $1,000 worth of ECHMX shares 5 years ago would now be looking at an investment worth $1,006.

Eaton Vance National Municipal Income Fund (ECHMX) has returned 1.80% so far this year and 7.30% over the past 12 months. Over the last ten years, ECHMX has returned 1.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Dec 3, 1993, ECHMX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.

Historically, 62% of months were positive and 38% were negative. The best month was Jan 2009 with a return of +13.2%, while the worst month was Feb 2008 at -10.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ECHMX closed higher 39% of trading days. The best single day was Oct 22, 2008 with a return of +5.2%, while the worst single day was Oct 10, 2008 at -5.0%.

Eaton Vance National Municipal Income Fund has an annualized alpha of 3.25%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 06, 1993.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.59%) than losses (10.24%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.00 this fund 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 fund's risk.
• R2 of 0.00 means this fund 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.

ECHMX has a high expense ratio of 1.39%, indicating above-average management fees.

ECHMX ranks 58 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Eaton Vance National Municipal Income Fund (ECHMX) and compare them to S&P 500 Index.

Eaton Vance National Municipal Income Fund provided a 2.99% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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 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 40.96%, occurring on Dec 16, 2008. Recovery took 772 trading sessions.

The current Eaton Vance National Municipal Income Fund drawdown is 0.34%.

The chart below shows the rolling one-month volatility.