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 76. There are 11 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	93	—	Feb 1985	ETHYX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	91	—	Apr 1987	ETHYX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	89	—	Sep 2015	ETHYX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	83	—	Mar 1984	ETHYX vs SRHMX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	82	—	May 2007	ETHYX vs EWHYX

Top Performing ETHYX Alternatives (YTD)

ETHYX is at 3.17% YTD. There are 10 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.38%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.38%	—	Nov 2003	ETHYX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.60%	—	May 2007	ETHYX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.41%	—	Jun 2016	ETHYX vs NHMFX
SRHMX	Columbia High Yield Municipal Fund	3.38%	—	Mar 1984	ETHYX vs SRHMX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.32%	—	Jun 1999	ETHYX vs NHMRX

Lowest Volatility Alternatives to ETHYX

ETHYX has 3.62% 1-year volatility. There are 35 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.02%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	2.02%	—	Mar 2017	ETHYX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.06%	—	Jun 2015	ETHYX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.24%	—	Jan 2013	ETHYX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.30%	—	Sep 2015	ETHYX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.56%	—	Jun 2018	ETHYX vs TMNIX

Lowest Drawdown Alternatives to ETHYX

ETHYX has a 1-year max drawdown of -3.05%. There are 27 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.80%	—	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
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	ETHYX vs TMNIX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	23	1.63%	—	Jan 2004	ETHYX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	7.87%	—	Aug 2010	ETHYX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	30	3.51%	—	Feb 2007	ETHYX vs EXG
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	87	1.46%	—	Oct 2011	ETHYX vs EIAMX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	4	-2.80%	—	Nov 2006	ETHYX vs ETY
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	70	1.63%	—	Jun 1993	ETHYX vs EIMAX
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	92	2.33%	—	Apr 2009	ETHYX vs ESIIX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	7.65%	—	Feb 2013	ETHYX vs EELDX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	51	7.75%	—	Sep 2011	ETHYX vs EIRAX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	63	13.72%	—	Sep 1931	ETHYX vs EHSTX

Often Compared With ETHYX

Investors most often compare ETHYX with SPY, VT, XAW.TO. These 20 comparison targets span 5 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	59	8.15%	765.27B	Jan 1993	ETHYX vs SPY
VT	Vanguard Total World Stock ETF	Global Equities	59	10.06%	95.30B	Jun 2008	ETHYX vs VT
XAW.TO	iShares Core MSCI All Country World ex Canada Inde...	Global Equities	76	14.02%	4.47B	Feb 2015	ETHYX vs XAW.TO
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	79	2.46%	—	Aug 2008	ETHYX vs AHMFX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	59	3.31%	—	Jun 1999	ETHYX vs NHMAX
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	59	2.11%	—	Dec 2018	ETHYX vs STMYX
THYIX	Transamerica High Yield Muni	High Yield Muni	64	2.46%	—	Jul 2013	ETHYX vs THYIX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	67	3.23%	—	Sep 2005	ETHYX vs DHMBX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	68	2.98%	—	May 2015	ETHYX vs RTHAX
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	1	-3.93%	—	Apr 2002	ETHYX vs EISMX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	75	2.93%	—	Mar 1986	ETHYX vs FRHIX
MISHX	AB Municipal Income Shares	High Yield Muni	70	2.13%	—	Aug 2010	ETHYX vs MISHX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	60	4.30%	—	Jun 2007	ETHYX vs EEIAX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	77	2.36%	—	Sep 1994	ETHYX vs AMHIX
HYMAX	Lord Abbett High Income Municipal Bond Fund	High Yield Muni	60	3.12%	—	Dec 2004	ETHYX vs HYMAX
WHYIX	Allspring High Yield Municipal Bond Fund	High Yield Muni	79	3.10%	—	Jan 2013	ETHYX vs WHYIX
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	—	—	—	Jun 2015	ETHYX vs NMHIX
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	High Yield Muni	10	2.04%	—	Feb 2024	ETHYX vs FDUAX
ABHYX	American Century High-Yield Municipal Fund	High Yield Muni	67	2.50%	572.53M	Mar 1998	ETHYX vs ABHYX
PHMIX	PIMCO High Yield Municipal Bond Fund	High Yield Muni	65	2.42%	—	Jul 2006	ETHYX vs PHMIX

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