EIMAX Alternatives & Similar Mutual Funds

Eaton Vance Massachusetts Municipal Income Fund (EIMAX) 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 EIMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EIMAX

EIMAX charges 0.48% annually. There are 128 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	EIMAX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	EIMAX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	EIMAX vs FHMIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	EIMAX vs VTMFX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	EIMAX vs FSMUX

Best Risk-Adjusted Alternatives to EIMAX

EIMAX has a PortfoliosLab risk / return rank of 77. There are 228 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	EIMAX vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	EIMAX vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	EIMAX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	EIMAX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	EIMAX vs TFCYX

Top Performing EIMAX Alternatives (YTD)

EIMAX is at 1.94% YTD. There are 203 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.37%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.37%	—	Apr 1998	EIMAX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	10.00%	—	Nov 2002	EIMAX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	7.79%	—	Oct 1992	EIMAX vs MIY
AFB	AllianceBernstein National Municipal Income Fund	6.86%	—	Nov 2001	EIMAX vs AFB
MUC	BlackRock MuniHoldings California Quality Fund	6.82%	—	Feb 1998	EIMAX vs MUC

Lowest Volatility Alternatives to EIMAX

EIMAX has 2.85% 1-year volatility. There are 294 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.55%	—	Aug 2002	EIMAX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	EIMAX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.57%	—	Apr 2007	EIMAX vs DFCMX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	EIMAX vs USMTX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	EIMAX vs USMSX

Lowest Drawdown Alternatives to EIMAX

EIMAX has a 1-year max drawdown of -2.77%. There are 234 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
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	EIMAX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	EIMAX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	EIMAX vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	EIMAX vs FHMIX
DFSMX	DFA Short Term Municipal Bond Portfolio	-0.11%	—	Aug 2002	EIMAX vs DFSMX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	24	4.10%	—	Jan 2004	EIMAX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.64%	—	Aug 2010	EIMAX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	36	6.68%	—	Feb 2007	EIMAX vs EXG
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	3	-1.65%	—	Nov 2006	EIMAX vs ETY
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	94	2.78%	—	Apr 2009	EIMAX vs ESIIX
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	89	1.90%	—	Oct 2011	EIMAX vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.49%	—	Feb 2013	EIMAX vs EELDX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	53	7.87%	—	Sep 2011	EIMAX vs EIRAX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	5.42%	—	Jun 2007	EIMAX vs EIGMX
EIPCX	Parametric Commodity Strategy Fund Class I	Commodities	74	17.04%	—	May 2011	EIMAX vs EIPCX

Often Compared With EIMAX

Investors most often compare EIMAX with VOO, EIBLX, EIDOX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VOO	Vanguard S&P 500 ETF	S&P 500	66	10.45%	1.70T	Sep 2010	EIMAX vs VOO
EIBLX	Eaton Vance Floating Rate Fund	Bank Loan	43	0.86%	—	Jan 2001	EIMAX vs EIBLX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.45%	—	Sep 2015	EIMAX vs EIDOX
E	Eni S.p.A.		91	33.32%	—	—	EIMAX vs E
ETSIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	92	2.63%	—	Jan 1998	EIMAX vs ETSIX
IWDA.AS	iShares Core MSCI World UCITS ETF USD (Acc)	Global Equities	86	13.27%	—	Sep 2009	EIMAX vs IWDA.AS
EAERX	Eaton Vance Stock Fund	Large Cap Blend Equities	21	5.85%	—	Nov 2001	EIMAX vs EAERX
ECHIX	Eaton Vance High Income Opportunities Fund	High Yield Bonds	50	1.29%	—	Jun 1994	EIMAX vs ECHIX
EIHMX	Eaton Vance National Municipal Income Fund Class I	Municipal Bonds	84	2.68%	—	Dec 1993	EIMAX vs EIHMX
ESEIX	Eaton Vance Atlanta Capital Select Equity Fund	Large Cap Growth Equities	1	-7.41%	—	Jan 2012	EIMAX vs ESEIX
EILTX	Parametric TABS 5-to-15 Year Laddered Municipal Bo...	Municipal Bonds	64	0.97%	—	Jan 2010	EIMAX vs EILTX
EAPCX	Parametric Commodity Strategy Fund Class A	Commodities	73	16.79%	—	May 2011	EIMAX vs EAPCX
ETB	Eaton Vance Tax-Managed Buy-Write Income Fund	Options Trading	46	6.44%	—	Apr 2005	EIMAX vs ETB
ETPAX	Eaton Vance Pennsylvania Municipal Income Fund	Municipal Bonds	85	2.53%	—	May 1994	EIMAX vs ETPAX
EACAX	Eaton Vance California Municipal Opportunities Fun...	Municipal Bonds	79	2.26%	—	May 1994	EIMAX vs EACAX
EIFGX	Eaton Vance Focused Growth Opportunities Fund	Large Cap Growth Equities	14	4.97%	—	Mar 2011	EIMAX vs EIFGX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	71	15.15%	—	Sep 1931	EIMAX vs EHSTX
EIRRX	Eaton Vance Short Duration Inflation-Protected Inc...	Inflation-Protected Bonds	72	1.27%	—	Mar 2010	EIMAX vs EIRRX
ETJ	Eaton Vance Risk-Managed Diversified Equity Income...	Global Equity Income	6	0.88%	—	Jul 2007	EIMAX vs ETJ
EEIIX	Eaton Vance Emerging Markets Local Income Fund Cla...	Emerging Markets Bonds	68	5.24%	—	Nov 2009	EIMAX vs EEIIX

Compare EIMAX with Any Fund or Stock

Compare EIMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Pair EIMAX with funds that move differently

Eaton Vance Massachusetts Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EIMAX.

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Eaton Vance Massachusetts Municipal Income Fund (EIMAX) Alternatives