ETHYX Alternatives & Similar Mutual Funds

Eaton Vance High Yield Municipal Income Fund (ETHYX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ETHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ETHYX

ETHYX charges 0.73% annually. There are 31 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.60B	Nov 2001	ETHYX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	ETHYX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	ETHYX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	ETHYX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	ETHYX vs HIMFX

Best Risk-Adjusted Alternatives to ETHYX

ETHYX has a PortfoliosLab risk / return rank of 91. There are 9 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	97	—	Feb 1985	ETHYX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	96	—	Apr 1987	ETHYX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	95	—	Sep 2015	ETHYX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	94	—	Mar 1984	ETHYX vs SRHMX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	94	—	May 2007	ETHYX vs EWHYX

Top Performing ETHYX Alternatives (YTD)

ETHYX is at 3.56% YTD. There are 9 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 6.14%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	6.14%	—	Nov 2003	ETHYX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.93%	—	May 2007	ETHYX vs EWHYX
SRHMX	Columbia High Yield Municipal Fund	3.80%	—	Mar 1984	ETHYX vs SRHMX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.76%	—	Jun 2016	ETHYX vs NHMFX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	3.70%	—	Jun 1999	ETHYX vs NHMAX

Lowest Volatility Alternatives to ETHYX

ETHYX has 3.60% 1-year volatility. There are 35 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.07%	—	Jun 2015	ETHYX vs SDHIX
RWMIX	Redwood Managed Municipal Income Fund	2.07%	—	Mar 2017	ETHYX vs RWMIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.22%	—	Jan 2013	ETHYX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	ETHYX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.58%	—	Jun 2018	ETHYX vs TMNIX

Lowest Drawdown Alternatives to ETHYX

ETHYX has a 1-year max drawdown of -3.05%. There are 28 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	ETHYX vs FDUAX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	Jan 2013	ETHYX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	ETHYX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	ETHYX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	ETHYX vs SDHIX

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	26	4.22%	—	Jan 2004	ETHYX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.21%	—	Aug 2010	ETHYX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	41	6.96%	—	Feb 2007	ETHYX vs EXG
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	4	-0.90%	—	Nov 2006	ETHYX vs ETY
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	95	2.78%	—	Apr 2009	ETHYX vs ESIIX
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	90	1.90%	—	Oct 2011	ETHYX vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.23%	—	Feb 2013	ETHYX vs EELDX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	81	1.81%	—	Jun 1993	ETHYX vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	56	7.62%	—	Sep 2011	ETHYX vs EIRAX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	5.19%	—	Jun 2007	ETHYX vs EIGMX

Often Compared With ETHYX

Investors most often compare ETHYX with SPY, VT, AHMFX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	65	10.67%	783.21B	Jan 1993	ETHYX vs SPY
VT	Vanguard Total World Stock ETF	Global Equities	63	11.34%	95.30B	Jun 2008	ETHYX vs VT
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	91	2.73%	—	Aug 2008	ETHYX vs AHMFX
XAW.TO	iShares Core MSCI All Country World ex Canada Inde...	Global Equities	79	14.11%	4.49B	Feb 2015	ETHYX vs XAW.TO
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	76	2.28%	—	Dec 2018	ETHYX vs STMYX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	86	3.11%	—	May 2015	ETHYX vs RTHAX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	88	3.49%	—	Sep 2005	ETHYX vs DHMBX
THYIX	Transamerica High Yield Muni	High Yield Muni	90	2.85%	—	Jul 2013	ETHYX vs THYIX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	88	3.08%	—	Mar 1986	ETHYX vs FRHIX
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	2	1.36%	—	Apr 2002	ETHYX vs EISMX
WHYIX	Allspring High Yield Municipal Bond Fund	High Yield Muni	93	3.48%	—	Jan 2013	ETHYX vs WHYIX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	67	5.08%	—	Jun 2007	ETHYX vs EEIAX
MISHX	AB Municipal Income Shares	High Yield Muni	85	2.36%	—	Aug 2010	ETHYX vs MISHX
HYMAX	Lord Abbett High Income Municipal Bond Fund	High Yield Muni	86	3.45%	—	Dec 2004	ETHYX vs HYMAX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	90	2.61%	—	Sep 1994	ETHYX vs AMHIX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	89	3.66%	—	Jun 1999	ETHYX vs NHMRX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	79	15.00%	—	Sep 1931	ETHYX vs EHSTX
JHTFX	John Hancock High Yield Municipal Bond Fund	High Yield Muni	82	3.65%	—	Dec 1993	ETHYX vs JHTFX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	74	1.89%	—	Dec 2014	ETHYX vs NSIOX
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	81	2.31%	—	Nov 1992	ETHYX vs STXAX

Compare ETHYX with Any Fund or Stock

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

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Diversifiers

Pair ETHYX with funds that move differently

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

Explore ETHYX Diversifiers

Eaton Vance High Yield Municipal Income Fund (ETHYX) Alternatives