EWHYX Alternatives & Similar Mutual Funds

Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) 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 EWHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EWHYX

EWHYX charges 0.18% annually. There are 3 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	EWHYX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	EWHYX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	EWHYX vs VWAHX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	EWHYX vs HIMFX
AHMFX	American High-Income Municipal Bond Fund Class F-2	0.42%	—	Aug 2008	EWHYX vs AHMFX

Best Risk-Adjusted Alternatives to EWHYX

EWHYX has a PortfoliosLab risk / return rank of 87. There are 4 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	95	—	Feb 1985	EWHYX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	93	—	Apr 1987	EWHYX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	93	—	Sep 2015	EWHYX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	89	—	Mar 1984	EWHYX vs SRHMX
HIMFX	American High-Income Municipal Bond Fund Class F-3	87	—	Jan 2017	EWHYX vs HIMFX

Top Performing EWHYX Alternatives (YTD)

EWHYX is at 3.73% YTD. There is 1 mutual fund in the High Yield Muni category with a higher YTD return, going as high as 5.68%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.68%	—	Nov 2003	EWHYX vs NMZ
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.56%	—	Jun 2016	EWHYX vs NHMFX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	3.51%	—	Sep 2005	EWHYX vs DHMBX
SRHMX	Columbia High Yield Municipal Fund	3.49%	—	Mar 1984	EWHYX vs SRHMX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.47%	—	Jun 1999	EWHYX vs NHMRX

Lowest Volatility Alternatives to EWHYX

EWHYX has 3.68% 1-year volatility. There are 36 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	EWHYX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.07%	—	Jun 2015	EWHYX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.24%	—	Jan 2013	EWHYX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.30%	—	Sep 2015	EWHYX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.56%	—	Jun 2018	EWHYX vs TMNIX

Lowest Drawdown Alternatives to EWHYX

EWHYX has a 1-year max drawdown of -3.04%. There are 26 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	EWHYX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	EWHYX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	EWHYX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	EWHYX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	EWHYX vs TMNIX

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	2.75%	—	Jan 2004	EWHYX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	7.53%	—	Aug 2010	EWHYX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	31	3.73%	—	Feb 2007	EWHYX vs EXG
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	88	1.36%	—	Oct 2011	EWHYX vs EIAMX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	3	-5.11%	—	Nov 2006	EWHYX vs ETY
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	75	1.76%	—	Jun 1993	EWHYX vs EIMAX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	7.28%	—	Feb 2013	EWHYX vs EELDX
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	93	2.62%	—	Apr 2009	EWHYX vs ESIIX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	44	6.29%	—	Sep 2011	EWHYX vs EIRAX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	4.73%	—	Jun 2007	EWHYX vs EIGMX

Often Compared With EWHYX

Investors most often compare EWHYX with ABTYX, NMCO, HIMYX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	69	2.62%	—	Jan 2010	EWHYX vs ABTYX
NMCO	Nuveen Municipal Credit Opportunities Fund	High Yield Muni	23	9.20%	—	Apr 2019	EWHYX vs NMCO
HIMYX	Pioneer High Income Municipal Fund	High Yield Muni	9	1.51%	—	Oct 2006	EWHYX vs HIMYX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	73	2.72%	—	Jan 1987	EWHYX vs SHYTX
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	—	—	—	Jun 2015	EWHYX vs NMHIX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	62	1.73%	—	Dec 2014	EWHYX vs NSIOX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	82	3.04%	—	Mar 1986	EWHYX vs FRHIX
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	73	2.23%	—	Nov 1992	EWHYX vs STXAX
MMHYX	MFS Municipal High Income Fund	High Yield Muni	82	3.07%	—	Feb 1984	EWHYX vs MMHYX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	71	3.45%	—	Jun 1999	EWHYX vs NHMAX
ABHYX	American Century High-Yield Municipal Fund	High Yield Muni	75	2.61%	572.53M	Mar 1998	EWHYX vs ABHYX
GWMEX	AMG GW&K Municipal Enhanced Yield Fund	High Yield Muni	67	2.76%	—	Dec 2005	EWHYX vs GWMEX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	84	3.43%	—	Aug 1995	EWHYX vs ETHYX
RFM	RiverNorth Flexible Municipal Income Fund	High Yield Muni	42	8.47%	—	—	EWHYX vs RFM
GHYIX	Goldman Sachs High Yield Municipal Fund Institutio...	High Yield Muni	69	2.84%	—	Apr 2000	EWHYX vs GHYIX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	59	4.01%	—	Jun 2007	EWHYX vs EEIAX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	84	2.56%	—	Sep 1994	EWHYX vs AMHIX
ORNAX	Invesco Rochester Municipal Opportunities Fund	High Yield Muni	48	1.99%	—	Sep 1993	EWHYX vs ORNAX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	38	2.50%	—	Sep 1986	EWHYX vs CXHYX
MISHX	AB Municipal Income Shares	High Yield Muni	76	2.31%	—	Aug 2010	EWHYX vs MISHX

Compare EWHYX with Any Fund or Stock

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

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Diversifiers

Pair EWHYX with funds that move differently

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

Explore EWHYX Diversifiers

Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) Alternatives