- Issuer
- Eaton Vance
- Inception Date
- May 9, 2007
- Category
- High Yield Muni
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
EWHYX Performance Chart
Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) is up 3.6% since the beginning of the year. EWHYX is currently trading at $8 per share.
Loading charts...
Returns By Period
Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) has returned 3.60% so far this year and 9.79% over the past 12 months.
Eaton Vance High Yield Municipal Income Fund Class W
- 1D
- 0.00%
- 1M
- 2.19%
- YTD
- 3.60%
- 6M
- 4.18%
- 1Y
- 9.79%
- 3Y*
- 5.76%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EWHYX Monthly Returns History
Based on dividend-adjusted daily data since Nov 17, 2021, EWHYX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +7.5%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EWHYX closed higher 36% of trading days. The best single day was Apr 10, 2025 with a return of +2.8%, while the worst single day was Apr 7, 2025 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.94% | 1.91% | -2.00% | 1.44% | 0.93% | 0.37% | 3.60% | ||||||
| 2025 | 0.52% | 1.50% | -2.01% | -1.55% | -0.83% | 0.82% | -1.22% | 0.83% | 3.67% | 1.43% | 0.42% | 0.06% | 3.59% |
| 2024 | 0.53% | 0.53% | 0.53% | -1.06% | 0.66% | 2.04% | 1.16% | 1.02% | 1.36% | -1.51% | 1.98% | -1.86% | 5.42% |
| 2023 | 3.70% | -2.55% | 1.30% | 0.25% | -0.47% | 1.54% | 0.40% | -1.21% | -3.26% | -2.76% | 7.49% | 3.58% | 7.74% |
| 2022 | -2.38% | -0.78% | -3.01% | -2.99% | 0.60% | -2.37% | 2.70% | -2.02% | -5.00% | -1.41% | 5.42% | -0.73% | -11.72% |
| 2021 | 0.32% | -0.11% | 0.21% |
Benchmark Metrics
Eaton Vance High Yield Municipal Income Fund Class W has an annualized alpha of 1.57%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 17, 2021.
- This fund participated in 43.87% of S&P 500 Index downside but only 25.71% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.02 may look defensive, but with R2 of 0.00 this fund 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 fund's risk.
- R2 of 0.00 means this fund 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
- 1.57%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 25.71%
- Downside Capture
- 43.87%
Expense Ratio
EWHYX has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
EWHYX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWHYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.37 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.78 | +0.45 |
| Martin ratioReturn relative to average drawdown | 11.04 | 12.44 | -1.40 |
Dividends
Dividend History
Eaton Vance High Yield Municipal Income Fund Class W provided a 5.10% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.42 | $0.41 | $0.40 | $0.32 | $0.36 |
Dividend yield | 5.10% | 5.06% | 4.92% | 3.97% | 4.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance High Yield Municipal Income Fund Class W. 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 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.00 | $0.18 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.32 |
| 2022 | $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 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance High Yield Municipal Income Fund Class W. 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 High Yield Municipal Income Fund Class W was 16.52%, occurring on Oct 25, 2022. Recovery took 444 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -16.52%Oct 2022 | 10mo 21d | 1y 9mo | 2y 7moDec 2021 - Aug 2024 |
2025 selloff2025 | -7.54%Apr 2025 | 4mo 1d | 6mo 8d | 10mo 9dDec 2024 - Oct 2025 |
2026 pullback2026 | -3.04%Mar 2026 | 25d | 2mo 3d | 2mo 28dMar 2026 - May 2026 |
2024 pullback2024 | -2.81%Nov 2024 | 1mo 4d | 23d | 1mo 27dOct 2024 - Nov 2024 |
2024 pullback2024 | -1.19%Aug 2024 | 2d | 29d | 1mo 1dAug 2024 - Sep 2024 |
Drawdown Indicators
| EWHYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.52% | -56.78% | +40.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -9.10% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -18.90% | +11.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -10.71% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.03% | -1.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with EWHYX
Add Eaton Vance High Yield Municipal Income Fund Class W to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with EWHYX