CXH vs. ETX
CXH (MFS Investment Grade Municipal Trust) and ETX (Eaton Vance Municipal Income 2028 Term Trust) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, CXH returned 1.66%/yr vs 3.65%/yr for ETX. At a 0.25 correlation, their price movements are largely independent.
Performance
CXH vs. ETX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CXH achieves a -0.13% return, which is significantly lower than ETX's 3.58% return. Over the past 10 years, CXH has underperformed ETX with an annualized return of 1.66%, while ETX has yielded a comparatively higher 3.65% annualized return.
CXH
- 1D
- -0.76%
- 1M
- -6.49%
- YTD
- -0.13%
- 6M
- 0.30%
- 1Y
- 8.70%
- 3Y*
- 7.02%
- 5Y*
- -0.79%
- 10Y*
- 1.66%
ETX
- 1D
- 0.26%
- 1M
- -0.32%
- YTD
- 3.58%
- 6M
- 1.50%
- 1Y
- 9.87%
- 3Y*
- 6.93%
- 5Y*
- 1.24%
- 10Y*
- 3.65%
CXH vs. ETX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CXH MFS Investment Grade Municipal Trust | -0.13% | 4.39% | 9.77% | 10.39% | -27.91% | 10.50% | 5.37% | 16.63% | -4.89% | 8.75% |
ETX Eaton Vance Municipal Income 2028 Term Trust | 3.58% | 11.72% | 6.87% | 1.32% | -13.52% | -4.67% | 11.31% | 19.57% | -3.74% | 10.22% |
Correlation
The correlation between CXH and ETX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2013 | 0.25 |
Over the past year, the correlation between CXH and ETX has dropped to 0.04 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Fundamentals
CXH:
$1.19
ETX:
$1.37
CXH:
6.37
ETX:
13.87
CXH:
0.12
ETX:
0.61
CXH:
6.56
ETX:
10.98
CXH:
$9.50M
ETX:
$18.81M
CXH:
$8.34M
ETX:
$8.18M
CXH:
$15.00M
ETX:
$16.49M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CXH vs. ETX — Risk / Return Rank
CXH
ETX
CXH vs. ETX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Investment Grade Municipal Trust (CXH) and Eaton Vance Municipal Income 2028 Term Trust (ETX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CXH | ETX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.01 | -0.93 |
| Martin ratioReturn relative to average drawdown | 4.28 | 4.67 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CXH | ETX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.90 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.09 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.25 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.29 | +0.05 |
Drawdowns
CXH vs. ETX - Drawdown Comparison
The maximum CXH drawdown since its inception was -49.06%, which is greater than ETX's maximum drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for CXH and ETX.
Loading charts...
Drawdown Indicators
| CXH | ETX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -32.09% | -16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -4.93% | -3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.88% | -7.40% | -7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.69% | -24.19% | -10.50% |
Max Drawdown (10Y)Largest decline over 10 years | -34.69% | -25.18% | -9.51% |
Current DrawdownCurrent decline from peak | -9.67% | -0.89% | -8.78% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -8.15% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.12% | -0.08% |
Volatility
CXH vs. ETX - Volatility Comparison
MFS Investment Grade Municipal Trust (CXH) has a higher volatility of 4.74% compared to Eaton Vance Municipal Income 2028 Term Trust (ETX) at 3.36%. This indicates that CXH's price experiences larger fluctuations and is considered to be riskier than ETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CXH | ETX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 3.36% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.94% | 8.32% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 10.96% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 13.21% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 14.46% | -1.48% |
Dividends
CXH vs. ETX - Dividend Comparison
CXH's dividend yield for the trailing twelve months is around 7.59%, more than ETX's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXH MFS Investment Grade Municipal Trust | 7.59% | 4.70% | 3.84% | 3.63% | 4.75% | 4.77% | 4.77% | 4.63% | 5.28% | 4.90% | 5.19% | 5.14% |
ETX Eaton Vance Municipal Income 2028 Term Trust | 4.95% | 5.02% | 5.33% | 4.15% | 4.62% | 3.96% | 3.60% | 3.88% | 4.46% | 4.11% | 4.33% | 4.60% |
Financials
CXH vs. ETX - Financials Comparison
This section allows you to compare key financial metrics between MFS Investment Grade Municipal Trust and Eaton Vance Municipal Income 2028 Term Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CXH and ETX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CXH has higher volatility (4.74%) compared to ETX (3.36%). In terms of maximum drawdown, CXH dropped -49.06% vs ETX's -32.09%.
CXH currently has the higher Sharpe Ratio (1.09 vs 0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CXH and ETX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer