CXH vs. ETX

Last updated Apr 2, 2026

Compare and contrast key facts about MFS Investment Grade Municipal Trust (CXH) and Eaton Vance Municipal Income 2028 Term Trust (ETX).

Performance

CXH vs. ETX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Investment Grade Municipal Trust (CXH) and Eaton Vance Municipal Income 2028 Term Trust (ETX). The values are adjusted to include any dividend payments, if applicable.

CXH vs. ETX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CXH MFS Investment Grade Municipal Trust	2.28%	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	0.50%	11.72%	6.87%	1.32%	-13.52%	-4.67%	11.31%	19.57%	-3.74%	10.22%

Fundamentals

Market Cap CXH : $65.84M ETX : $202.09M
EPS CXH : $1.19 ETX : $1.37
PE Ratio CXH : 6.73 ETX : 13.57
PEG Ratio CXH : 0.13 ETX : 0.60
PS Ratio CXH : 6.93 ETX : 10.75
PB Ratio CXH : 0.93 ETX : 1.01
Total Revenue (TTM) CXH : $9.50M ETX : $18.81M
Gross Profit (TTM) CXH : $8.34M ETX : $8.18M
EBITDA (TTM) CXH : $15.00M ETX : $16.49M

Returns By Period

In the year-to-date period, CXH achieves a 2.28% return, which is significantly higher than ETX's 0.50% return. Over the past 10 years, CXH has underperformed ETX with an annualized return of 2.22%, while ETX has yielded a comparatively higher 3.64% annualized return.

CXH

• 1D: 0.50%
• 1M: -2.03%
• YTD: 2.28%
• 6M: 4.66%
• 1Y: 6.43%
• 3Y*: 7.26%
• 5Y*: 0.24%
• 10Y*: 2.22%

ETX

• 1D: 1.09%
• 1M: -1.29%
• YTD: 0.50%
• 6M: -1.63%
• 1Y: 7.12%
• 3Y*: 6.44%
• 5Y*: 1.03%
• 10Y*: 3.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CXH vs. ETX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CXH

CXH Risk / Return Rank: 63
CXH Sharpe Ratio Rank: 70
CXH Sortino Ratio Rank: 60
CXH Omega Ratio Rank: 62
CXH Calmar Ratio Rank: 63
CXH Martin Ratio Rank: 61

ETX

ETX Risk / Return Rank: 62
ETX Sharpe Ratio Rank: 64
ETX Sortino Ratio Rank: 56
ETX Omega Ratio Rank: 55
ETX Calmar Ratio Rank: 68
ETX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	0.87	0.69	+0.18
Sortino ratio Return per unit of downside risk	1.24	1.05	+0.19
Omega ratio Gain probability vs. loss probability	1.18	1.14	+0.04
Calmar ratio Return relative to maximum drawdown	1.03	1.39	-0.35
Martin ratio Return relative to average drawdown	2.26	3.44	-1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CXH vs. ETX - Sharpe Ratio Comparison

The current CXH Sharpe Ratio is 0.87, which is comparable to the ETX Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of CXH and ETX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CXH	ETX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.69	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.08	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.25	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.28	+0.07

Correlation

The correlation between CXH and ETX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CXH vs. ETX - Dividend Comparison

CXH's dividend yield for the trailing twelve months is around 4.92%, less than ETX's 5.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CXH MFS Investment Grade Municipal Trust	4.92%	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	5.06%	5.02%	5.33%	4.15%	4.62%	3.96%	3.60%	3.88%	4.46%	4.11%	4.33%	4.60%

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.

Drawdown Indicators

	CXH	ETX	Difference
Max Drawdown Largest peak-to-trough decline	-49.06%	-32.09%	-16.97%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-4.93%	-1.50%
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 Drawdown Current decline from peak	-7.49%	-3.58%	-3.91%
Average Drawdown Average peak-to-trough decline	-7.59%	-8.24%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.99%	+0.94%

Volatility

CXH vs. ETX - Volatility Comparison

MFS Investment Grade Municipal Trust (CXH) and Eaton Vance Municipal Income 2028 Term Trust (ETX) have volatilities of 3.59% and 3.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CXH	ETX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.76%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	4.68%	8.12%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	7.44%	10.35%	-2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.91%	13.21%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.89%	14.41%	-1.52%

Financials