Eaton Vance Municipal Bond Fund (EIM) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EIM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EIM
EIM charges 0.01% annually. There are 2 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | EIM vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | EIM vs LSMSX | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | EIM vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | EIM vs MMD | |
| Nuveen California Municipal Value Fund | 0.03% | — | Oct 1987 | EIM vs NCA |
Best Risk-Adjusted Alternatives to EIM
EIM has a PortfoliosLab risk / return rank of 35. There are 474 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | EIM vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | EIM vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | EIM vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | EIM vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | EIM vs DFCMX |
Top Performing EIM Alternatives (YTD)
EIM is at 5.79% YTD. There are 19 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.47% | — | Jan 1993 | EIM vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 14.90% | — | — | EIM vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 11.77% | — | — | EIM vs RFMZ | |
| Nuveen New York AMT Free Quality Municipal Income | 10.68% | — | Nov 2002 | EIM vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.10% | — | Apr 1998 | EIM vs NMI |
Lowest Volatility Alternatives to EIM
EIM has 9.24% 1-year volatility. There are 476 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | EIM vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | EIM vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | EIM vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | EIM vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | EIM vs USMTX |
Lowest Drawdown Alternatives to EIM
EIM has a 1-year max drawdown of -5.30%. There are 459 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | EIM vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | EIM vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | EIM vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | EIM vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | EIM vs DFABX |
Other Mutual Funds from Eaton Vance
The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 10 categories.
Often Compared With EIM
Investors most often compare EIM with BSNIX, NAC, MHF. These 19 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare EIM with Any Fund or Stock
Compare EIM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EIM with funds that move differently
Eaton Vance Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EIM.
Explore EIM Diversifiers