Eaton Vance Ohio Municipal Income Fund (ETOHX)
The investment seeks to provide current income exempt from regular federal income tax and Ohio state personal income taxes. Under normal market circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations that are exempt from regular federal income tax and the state taxes specified in the fund's investment objective. It is non-diversified.
Fund Info
| ISIN | US27826L4620 |
|---|---|
| CUSIP | 27826L462 |
| Issuer | Eaton Vance |
| Inception Date | Dec 6, 1993 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
ETOHX features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ETOHX vs. VOHIX, ETOHX vs. MFIC
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Ohio Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eaton Vance Ohio Municipal Income Fund had a return of 0.58% year-to-date (YTD) and 6.78% in the last 12 months. Over the past 10 years, Eaton Vance Ohio Municipal Income Fund had an annualized return of 2.11%, while the S&P 500 had an annualized return of 11.37%, indicating that Eaton Vance Ohio Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.58% | 25.23% |
| 1 month | -1.15% | 3.86% |
| 6 months | 0.97% | 14.56% |
| 1 year | 6.78% | 36.29% |
| 5 years (annualized) | 0.89% | 14.10% |
| 10 years (annualized) | 2.11% | 11.37% |
Monthly Returns
The table below presents the monthly returns of ETOHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.10% | 0.02% | -0.23% | -1.04% | -0.33% | 1.62% | 0.65% | 0.77% | 1.12% | -1.50% | 0.58% | ||
| 2023 | 2.78% | -2.24% | 1.82% | 0.00% | -1.19% | 0.98% | 0.24% | -1.32% | -2.80% | -1.50% | 6.56% | 2.31% | 5.39% |
| 2022 | -2.60% | -0.33% | -2.80% | -2.53% | 1.19% | -1.77% | 2.38% | -2.12% | -3.49% | -0.62% | 4.40% | 0.00% | -8.28% |
| 2021 | 0.43% | -1.79% | 0.76% | 0.75% | 0.32% | 0.32% | 0.63% | -0.33% | -0.76% | -0.23% | 0.76% | 0.10% | 0.93% |
| 2020 | 1.76% | 1.19% | -2.97% | -1.27% | 3.61% | 0.35% | 1.52% | -0.40% | 0.02% | -0.20% | 1.41% | 0.43% | 5.42% |
| 2019 | 0.95% | 0.71% | 1.61% | 0.37% | 1.37% | 0.35% | 0.79% | 1.55% | -0.73% | 0.02% | 0.13% | 0.24% | 7.57% |
| 2018 | -1.52% | -0.41% | 0.38% | -0.19% | 1.18% | -0.08% | 0.38% | 0.14% | -0.76% | -0.89% | 1.43% | 1.30% | 0.91% |
| 2017 | 0.17% | 0.41% | 0.29% | 0.85% | 1.63% | -0.48% | 0.62% | 0.51% | -0.04% | -0.26% | -0.49% | 1.28% | 4.56% |
| 2016 | 1.17% | -0.24% | 0.63% | 0.74% | 0.29% | 1.69% | -0.36% | 0.60% | -0.47% | -1.01% | -3.75% | 1.31% | 0.49% |
| 2015 | 1.62% | -0.87% | 0.20% | -0.44% | -0.34% | -0.23% | 0.54% | 0.21% | 0.65% | 0.43% | 0.86% | 0.84% | 3.51% |
| 2014 | 2.58% | 1.26% | 0.69% | 1.72% | 1.66% | -0.11% | -0.12% | 1.42% | 0.33% | 0.86% | -0.33% | 0.64% | 11.08% |
| 2013 | 0.84% | -0.01% | -1.28% | 1.39% | -1.61% | -4.57% | -1.94% | -2.21% | 3.35% | 1.16% | 0.12% | 0.00% | -4.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ETOHX is 46, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Ohio Municipal Income Fund (ETOHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Ohio Municipal Income Fund provided a 3.26% dividend yield over the last twelve months, with an annual payout of $0.27 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.25 | $0.23 | $0.24 | $0.26 | $0.27 | $0.28 | $0.31 | $0.32 | $0.34 | $0.36 | $0.35 |
Dividend yield | 3.26% | 2.90% | 2.83% | 2.55% | 2.76% | 2.93% | 3.14% | 3.44% | 3.60% | 3.75% | 3.93% | 4.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Ohio Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.23 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.31 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Ohio 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 Ohio Municipal Income Fund was 21.71%, occurring on Dec 15, 2008. Recovery took 179 trading sessions.
The current Eaton Vance Ohio Municipal Income Fund drawdown is 3.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.71% | Jan 17, 2008 | 230 | Dec 15, 2008 | 179 | Sep 1, 2009 | 409 |
| -13% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -12.05% | Mar 10, 2020 | 9 | Mar 20, 2020 | 83 | Jul 20, 2020 | 92 |
| -11.83% | Sep 3, 2010 | 94 | Jan 18, 2011 | 172 | Sep 22, 2011 | 266 |
| -11.79% | Dec 5, 2012 | 185 | Aug 29, 2013 | 188 | May 30, 2014 | 373 |
Volatility
Volatility Chart
The current Eaton Vance Ohio Municipal Income Fund volatility is 1.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.