EAASX vs. EIMAX
EAASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and EIMAX (Eaton Vance Massachusetts Municipal Income Fund) are both mutual funds - EAASX is a Mid Cap Growth Equities fund managed by Eaton Vance, while EIMAX is a Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, EAASX returned 9.78%/yr vs 1.47%/yr for EIMAX. At a correlation of -0.04, they often move in opposite directions. EAASX charges 1.14%/yr vs 0.48%/yr for EIMAX.
Performance
EAASX vs. EIMAX - Performance Comparison
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Returns By Period
In the year-to-date period, EAASX achieves a -2.18% return, which is significantly lower than EIMAX's 1.76% return. Over the past 10 years, EAASX has outperformed EIMAX with an annualized return of 9.78%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
EAASX
- 1D
- 1.58%
- 1M
- 0.68%
- YTD
- -2.18%
- 6M
- -3.70%
- 1Y
- -5.19%
- 3Y*
- 6.99%
- 5Y*
- 3.52%
- 10Y*
- 9.78%
EIMAX
- 1D
- 0.13%
- 1M
- 1.20%
- YTD
- 1.76%
- 6M
- 2.20%
- 1Y
- 7.12%
- 3Y*
- 3.28%
- 5Y*
- 0.43%
- 10Y*
- 1.47%
EAASX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | -2.18% | -5.90% | 17.89% | 13.72% | -8.98% | 21.66% | 11.03% | 34.03% | -5.79% | 24.40% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 1.76% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Correlation
The correlation between EAASX and EIMAX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | -0.05 |
The correlation between EAASX and EIMAX shifts across timeframes, from -0.04 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EAASX vs. EIMAX — Risk / Return Rank
EAASX
EIMAX
EAASX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EAASX | EIMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -4.39 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.63 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.53 | -2.91 |
| Martin ratioReturn relative to average drawdown | -0.71 | 8.54 | -9.25 |
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Drawdowns
EAASX vs. EIMAX - Drawdown Comparison
The maximum EAASX drawdown since its inception was -39.96%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EAASX and EIMAX.
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Drawdown Indicators
| EAASX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.96% | -29.25% | -10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -2.77% | -12.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.45% | -6.83% | -12.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -14.67% | -5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -39.96% | -14.67% | -25.29% |
Current DrawdownCurrent decline from peak | -13.27% | -0.24% | -13.03% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -3.90% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 0.82% | +7.15% |
Volatility
EAASX vs. EIMAX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) has a higher volatility of 4.48% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 0.82%. This indicates that EAASX's price experiences larger fluctuations and is considered to be riskier than EIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAASX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 0.82% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 2.09% | +9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 2.87% | +12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 4.38% | +12.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 4.20% | +14.65% |
EAASX vs. EIMAX - Expense Ratio Comparison
EAASX has a 1.14% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Dividends
EAASX vs. EIMAX - Dividend Comparison
EAASX's dividend yield for the trailing twelve months is around 7.92%, more than EIMAX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 7.92% | 7.75% | 8.22% | 3.08% | 12.28% | 12.19% | 11.17% | 7.09% | 8.01% | 3.64% | 3.93% | 7.29% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.59% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
Frequently Asked Questions
EAASX and EIMAX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAASX has higher volatility (4.48%) compared to EIMAX (0.82%). In terms of maximum drawdown, EAASX dropped -39.96% vs EIMAX's -29.25%.
EIMAX currently has the higher Sharpe Ratio (2.44 vs -0.36), 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.
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