- ISIN
- US27829U1051
- CUSIP
- 27829U105
- Sector
- Financial Services
- Industry
- Asset Management
- IPO Date
- Mar 26, 2013
Highlights
- EPS (TTM)
- $1.37
- PE Ratio
- 13.87
- PEG Ratio
- 0.61
- Total Revenue (TTM)
- $18.81M
- Gross Profit (TTM)
- $8.18M
- EBITDA (TTM)
- $16.49M
- Year Range
- $17.97 - $20.00
- ROA (TTM)
- 7.11%
- ROE (TTM)
- 7.40%
Share Price Chart
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Performance
ETX Performance Chart
Eaton Vance Municipal Income 2028 Term Trust (ETX) is up 3.6% since the beginning of the year. At $19 per share, ETX is trading 5.2% below its 52-week high of $20. Investors who bought $1,000 worth of ETX shares 5 years ago would now be looking at an investment worth $1,064.
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Returns By Period
Eaton Vance Municipal Income 2028 Term Trust (ETX) has returned 3.58% so far this year and 9.87% over the past 12 months. Over the last ten years, ETX has returned 3.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Eaton Vance Municipal Income 2028 Term Trust
- 1D
- 0.26%
- 1M
- -0.32%
- YTD
- 3.58%
- 6M
- 1.50%
- 1Y
- 9.87%
- 3Y*
- 6.93%
- 5Y*
- 1.24%
- 10Y*
- 3.65%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
ETX Monthly Returns History
Based on dividend-adjusted daily data since Mar 26, 2013, ETX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jan 2014 with a return of +9.4%, while the worst month was Jul 2013 at -14.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ETX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Mar 23, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.33% | 0.28% | -2.17% | 2.00% | 1.82% | 0.32% | 3.58% | ||||||
| 2025 | 3.69% | 1.42% | -0.06% | -0.88% | 2.05% | -1.27% | 1.47% | 4.75% | 2.10% | 0.03% | 1.78% | -3.66% | 11.72% |
| 2024 | 2.70% | 1.91% | -0.41% | 1.96% | 1.69% | 2.39% | -0.28% | 2.04% | 0.47% | -0.86% | -0.75% | -3.98% | 6.87% |
| 2023 | 4.22% | -3.77% | 0.52% | 4.45% | -3.01% | -1.44% | 0.79% | -3.07% | -0.24% | -0.53% | 4.75% | -0.86% | 1.32% |
| 2022 | -4.28% | 0.80% | -0.48% | 2.51% | 0.93% | -0.94% | -1.10% | -0.68% | -7.13% | -0.29% | 0.41% | -3.81% | -13.52% |
| 2021 | -1.73% | -3.99% | -0.11% | 1.60% | 1.31% | 4.39% | 0.31% | -0.01% | -3.46% | -0.99% | 2.42% | -4.13% | -4.67% |
Benchmark Metrics
Eaton Vance Municipal Income 2028 Term Trust has an annualized alpha of 2.65%, beta of 0.18, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since March 27, 2013.
- This stock participated in 22.55% of S&P 500 Index downside but only 22.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.18 may look defensive, but with R2 of 0.05 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
- R2 of 0.05 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.65%
- Beta
- 0.18
- R²
- 0.05
- Upside Capture
- 22.39%
- Downside Capture
- 22.55%
Return for Risk
Risk / Return Rank
ETX ranks 69 for risk / return — better than 69% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Eaton Vance Municipal Income 2028 Term Trust (ETX) and compare them to S&P 500 Index.
| ETX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.93 | -0.92 |
| Martin ratioReturn relative to average drawdown | 4.67 | 13.52 | -8.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Eaton Vance Municipal Income 2028 Term Trust provided a 4.95% dividend yield over the last twelve months, with an annual payout of $0.94 per share. The company has been increasing its dividends for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.94 | $0.94 | $0.94 | $0.72 | $0.82 | $0.85 | $0.84 | $0.85 | $0.85 | $0.85 | $0.85 | $0.85 |
Dividend yield | 4.95% | 5.02% | 5.33% | 4.15% | 4.62% | 3.96% | 3.60% | 3.88% | 4.46% | 4.11% | 4.33% | 4.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Municipal Income 2028 Term Trust. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.00 | $0.39 | ||||||
| 2025 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.94 |
| 2024 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.94 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.72 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.82 |
| 2021 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
Dividend Yield & Payout
Dividend Yield
Eaton Vance Municipal Income 2028 Term Trust has a dividend yield of 4.95%, which is quite average when compared to the overall market.
Payout Ratio
Eaton Vance Municipal Income 2028 Term Trust has a payout ratio of 106.60%, which is above the market average. This might signify the company's strong earnings or financial health. However, it could also hint at a more mature business phase with potentially slower growth.
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Municipal Income 2028 Term Trust. 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 Municipal Income 2028 Term Trust was 32.09%, occurring on Aug 16, 2013. Recovery took 576 trading sessions.
The current Eaton Vance Municipal Income 2028 Term Trust drawdown is 0.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2013 bear market2013 | -32.09%Aug 2013 | 3mo 12d | 2y 3mo | 2y 6moMay 2013 - Nov 2015 |
COVID crash2020 | -25.18%Mar 2020 | 3mo 18d | 4mo 14d | 8mo 2dDec 2019 - Aug 2020 |
2023 bear market2023 | -24.19%Oct 2023 | 2y 3mo | 2y 4d | 4y 4moJun 2021 - Oct 2025 |
2016 correction2016 | -11.84%Nov 2016 | 2mo 23d | 9mo 18d | 1y 6dAug 2016 - Aug 2017 |
Rate-hike selloffLate 2018 | -9.62%Nov 2018 | 29d | 2mo 24d | 3mo 23dOct 2018 - Jan 2019 |
Drawdown Indicators
| ETX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.09% | -56.78% | +24.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -9.10% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.40% | -18.90% | +11.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -25.43% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -25.18% | -33.92% | +8.74% |
Current DrawdownCurrent decline from peak | -0.89% | -0.74% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -10.72% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.97% | +0.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Eaton Vance Municipal Income 2028 Term Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Eaton Vance Municipal Income 2028 Term Trust is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for ETX, comparing it with other companies in the Asset Management industry. Currently, ETX has a P/E ratio of 13.9. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for ETX compared to other companies in the Asset Management industry. ETX currently has a PEG ratio of 0.6. This PEG ratio is higher than the industry average, which may suggest the stock is overvalued relative to its expected earnings growth.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for ETX relative to other companies in the Asset Management industry. Currently, ETX has a P/S ratio of 11.0. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.
Income Statement
| TTM | |
|---|---|
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Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
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Income | — |
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EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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