EASCX vs. EIMAX
EASCX (Eaton Vance South Carolina Municipal Income Fund) and EIMAX (Eaton Vance Massachusetts Municipal Income Fund) are both Municipal Bonds funds from Eaton Vance. Over the past 10 years, EASCX returned 1.80%/yr vs 1.35%/yr for EIMAX. Their correlation of 0.81 means they have usually moved in the same direction. EASCX charges 0.65%/yr vs 0.48%/yr for EIMAX.
Performance
EASCX vs. EIMAX - Performance Comparison
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Returns By Period
In the year-to-date period, EASCX achieves a 0.99% return, which is significantly higher than EIMAX's 0.38% return. Over the past 10 years, EASCX has outperformed EIMAX with an annualized return of 1.80%, while EIMAX has yielded a comparatively lower 1.35% annualized return.
EASCX
- 1D
- -0.35%
- 1M
- -2.18%
- 6M
- 0.23%
- YTD
- 0.99%
- 1Y
- 6.47%
- 3Y*
- 3.52%
- 5Y*
- 0.89%
- 10Y*
- 1.80%
- ALL TIME*
- 3.67%
EIMAX
- 1D
- -0.26%
- 1M
- -2.03%
- 6M
- -0.29%
- YTD
- 0.38%
- 1Y
- 5.01%
- 3Y*
- 2.71%
- 5Y*
- -0.07%
- 10Y*
- 1.35%
- ALL TIME*
- 2.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EASCX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EASCX Eaton Vance South Carolina Municipal Income Fund | 0.99% | 4.43% | 2.57% | 4.47% | -7.16% | 0.83% | 4.61% | 6.11% | 2.02% | 2.89% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 0.38% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Correlation
The correlation between EASCX and EIMAX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 1994 | 0.81 |
The correlation between EASCX and EIMAX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
EASCX vs. EIMAX — Risk / Return Rank
EASCX
EIMAX
EASCX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance South Carolina Municipal Income Fund (EASCX) 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.
| EASCX | EIMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.53 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.18 | +0.64 |
| Martin ratioReturn relative to average drawdown | 9.83 | 7.13 | +2.70 |
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Drawdowns
EASCX vs. EIMAX - Drawdown Comparison
The maximum EASCX drawdown since its inception was -29.70%, roughly equal to the maximum EIMAX drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EASCX and EIMAX.
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Drawdown Indicators
| EASCX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.70% | -29.25% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -2.77% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.70% | -6.83% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -11.21% | -14.67% | +3.46% |
Max Drawdown (10Y)Largest decline over 10 years | -11.21% | -14.67% | +3.46% |
Current DrawdownCurrent decline from peak | -2.18% | -2.03% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -3.89% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.85% | -0.09% |
Volatility
EASCX vs. EIMAX - Volatility Comparison
Eaton Vance South Carolina Municipal Income Fund (EASCX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX) have volatilities of 0.91% and 0.95%, 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.
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Volatility by Period
| EASCX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.95% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 2.29% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 2.90% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 4.40% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 4.21% | -0.67% |
EASCX vs. EIMAX - Expense Ratio Comparison
EASCX has a 0.65% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Dividends
EASCX vs. EIMAX - Dividend Comparison
EASCX's dividend yield for the trailing twelve months is around 3.19%, less than EIMAX's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EASCX Eaton Vance South Carolina Municipal Income Fund | 3.19% | 4.37% | 4.06% | 2.69% | 2.03% | 1.68% | 2.24% | 3.08% | 3.09% | 3.09% | 3.25% | 3.61% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.35% | 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
EASCX and EIMAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIMAX has higher volatility (0.95%) compared to EASCX (0.91%). In terms of maximum drawdown, EASCX dropped -29.70% vs EIMAX's -29.25%.
EASCX currently has the higher Sharpe Ratio (2.48 vs 2.09), 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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