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 is 1 mutual fund in the High Yield Muni category with a lower expense ratio, going as low as 0.11%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | EWHYX vs BATEX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | EWHYX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | — | Aug 2008 | EWHYX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | — | Jun 2015 | EWHYX vs SDHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.52% | — | Jun 1999 | EWHYX vs NHMRX |
Best Risk-Adjusted Alternatives to EWHYX
EWHYX has a PortfoliosLab risk / return rank of 79. There are 5 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 91 | — | Feb 1985 | EWHYX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 88 | — | Sep 2015 | EWHYX vs ISHYX | |
| Federated Hermes Municipal High Yield Advtg Fd | 86 | — | Apr 1987 | EWHYX vs FHTFX | |
| Columbia High Yield Municipal Fund | 79 | — | Mar 1984 | EWHYX vs SRHMX | |
| American High-Income Municipal Bond Fund Class F-3 | 79 | — | Jan 2017 | EWHYX vs HIMFX |
Top Performing EWHYX Alternatives (YTD)
EWHYX is at 3.35% YTD. No mutual funds in the High Yield Muni category have higher YTD returns; the top-performing alternatives shown here go as high as 3.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 3.29% | — | Nov 2003 | EWHYX vs NMZ | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.20% | — | Jun 2016 | EWHYX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.18% | — | Jun 1999 | EWHYX vs NHMRX | |
| Nuveen High Yield Municipal Bond Fund Class A | 3.09% | — | Jun 1999 | EWHYX vs NHMAX | |
| Columbia High Yield Municipal Fund | 3.04% | — | Mar 1984 | EWHYX vs SRHMX |
Lowest Volatility Alternatives to EWHYX
EWHYX has 3.76% 1-year volatility. There are 35 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 1.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 1.97% | — | Mar 2017 | EWHYX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | EWHYX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.25% | — | Jan 2013 | EWHYX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.31% | — | Sep 2015 | EWHYX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.53% | — | Jun 2018 | EWHYX vs TMNIX |
Lowest Drawdown Alternatives to EWHYX
EWHYX has a 1-year max drawdown of -3.04%. 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 | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | Jan 2013 | EWHYX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | EWHYX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | EWHYX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | EWHYX vs SDHIX | |
| 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 11 categories.
Often Compared With EWHYX
Investors most often compare EWHYX with ABTYX, NMCO, NSIOX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare EWHYX with Any Fund or Stock
Compare EWHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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