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%	17.80B	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%	17.80B	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 86. There are 5 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	93	—	Feb 1985	EWHYX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	93	—	Apr 1987	EWHYX vs FHTFX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	88	—	Jan 2013	EWHYX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	87	—	Sep 2015	EWHYX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	87	—	Mar 1984	EWHYX vs SRHMX

Top Performing EWHYX Alternatives (YTD)

EWHYX is at 2.27% YTD. There is 1 mutual fund in the High Yield Muni category with a higher YTD return, going as high as 4.20%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	4.20%	—	Nov 2003	EWHYX vs NMZ
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	2.16%	—	Jun 2016	EWHYX vs NHMFX
SRHMX	Columbia High Yield Municipal Fund	2.11%	—	Mar 1984	EWHYX vs SRHMX
NHMRX	Nuveen High Yield Municipal Bond Fund	2.06%	—	Jun 1999	EWHYX vs NHMRX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	2.01%	—	Jun 1999	EWHYX vs NHMAX

Lowest Volatility Alternatives to EWHYX

EWHYX has 3.53% 1-year volatility. There are 35 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.06%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.06%	—	Jun 2015	EWHYX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.11%	—	Jan 2013	EWHYX vs NVHIX
RWMIX	Redwood Managed Municipal Income Fund	2.28%	—	Mar 2017	EWHYX vs RWMIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	EWHYX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	2.54%	—	May 2013	EWHYX vs AHYMX

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 -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	EWHYX vs FDUAX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	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

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	52	8.82%	—	Jan 2004	EWHYX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.90%	—	Aug 2010	EWHYX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	61	9.38%	—	Feb 2007	EWHYX vs EXG
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	91	2.63%	—	Apr 2009	EWHYX vs ESIIX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Derivative Income, Dividend, Large Cap Growth Equities	5	0.19%	—	Nov 2006	EWHYX vs ETY
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	84	1.59%	—	Oct 2011	EWHYX vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.95%	—	Feb 2013	EWHYX vs EELDX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	60	0.25%	—	Jun 1993	EWHYX vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	53	7.56%	—	Sep 2011	EWHYX vs EIRAX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	5.53%	—	Jun 2007	EWHYX vs EIGMX

Often Compared With EWHYX

Investors most often compare EWHYX with ABTYX, HIMYX, NMCO. 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	55	0.53%	—	Jan 2010	EWHYX vs ABTYX
HIMYX	Pioneer High Income Municipal Fund	High Yield Muni	6	-0.59%	—	Oct 2006	EWHYX vs HIMYX
NMCO	Nuveen Municipal Credit Opportunities Fund	High Yield Muni	36	7.03%	—	Apr 2019	EWHYX vs NMCO
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	—	—	—	Jun 2015	EWHYX vs NMHIX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	71	1.21%	—	Jan 1987	EWHYX vs SHYTX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	61	0.70%	—	Dec 2014	EWHYX vs NSIOX
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	62	0.56%	—	Nov 1992	EWHYX vs STXAX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	81	1.91%	—	Aug 1995	EWHYX vs ETHYX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	71	1.24%	—	Mar 1986	EWHYX vs FRHIX
MMHYX	MFS Municipal High Income Fund	High Yield Muni	78	1.51%	—	Feb 1984	EWHYX vs MMHYX
ABHYX	American Century High-Yield Municipal Fund	High Yield Muni	69	1.10%	572.53M	Mar 1998	EWHYX vs ABHYX
GWMEX	AMG GW&K Municipal Enhanced Yield Fund	High Yield Muni	61	0.65%	—	Dec 2005	EWHYX vs GWMEX
RFM	RiverNorth Flexible Municipal Income Fund	High Yield Muni	47	9.71%	—	—	EWHYX vs RFM
PRHAX	PGIM Muni High Income Fund	High Yield Muni	68	1.41%	—	Jan 1990	EWHYX vs PRHAX
TMNIX	Counterpoint Tactical Municipal Fund	High Yield Muni	65	0.40%	—	Jun 2018	EWHYX vs TMNIX
GHYIX	Goldman Sachs High Yield Municipal Fund Institutio...	High Yield Muni	68	1.18%	—	Apr 2000	EWHYX vs GHYIX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	77	1.76%	—	Sep 2005	EWHYX vs DHMBX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	72	5.28%	—	Jun 2007	EWHYX vs EEIAX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	75	1.15%	—	Sep 1994	EWHYX vs AMHIX
MISHX	AB Municipal Income Shares	High Yield Muni	64	0.70%	—	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