EASCX vs. NMI
EASCX (Eaton Vance South Carolina Municipal Income Fund) and NMI (Nuveen Municipal Income Fund, Inc.) are both Municipal Bonds funds. Over the past 10 years, EASCX returned 1.98%/yr vs 2.33%/yr for NMI. At a 0.15 correlation, their price movements are largely independent. EASCX charges 0.65%/yr vs 0.72%/yr for NMI.
Performance
EASCX vs. NMI - Performance Comparison
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Returns By Period
In the year-to-date period, EASCX achieves a 2.83% return, which is significantly lower than NMI's 13.43% return. Over the past 10 years, EASCX has underperformed NMI with an annualized return of 1.98%, while NMI has yielded a comparatively higher 2.33% annualized return.
EASCX
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 2.83%
- 6M
- 3.26%
- 1Y
- 7.92%
- 3Y*
- 4.22%
- 5Y*
- 1.37%
- 10Y*
- 1.98%
NMI
- 1D
- 0.36%
- 1M
- 3.73%
- YTD
- 13.43%
- 6M
- 13.31%
- 1Y
- 14.66%
- 3Y*
- 10.17%
- 5Y*
- 2.16%
- 10Y*
- 2.33%
EASCX vs. NMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EASCX Eaton Vance South Carolina Municipal Income Fund | 2.83% | 4.43% | 2.57% | 4.47% | -7.16% | 0.83% | 4.61% | 6.11% | 2.02% | 2.89% |
NMI Nuveen Municipal Income Fund, Inc. | 13.43% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.49% |
Correlation
The correlation between EASCX and NMI is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 1994 | 0.15 |
The correlation between EASCX and NMI shifts across timeframes, from 0.13 (1 year) to 0.28 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EASCX vs. NMI — Risk / Return Rank
EASCX
NMI
EASCX vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance South Carolina Municipal Income Fund (EASCX) and Nuveen Municipal Income Fund, Inc. (NMI). 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 | NMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.22 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.34 | +1.90 |
| Martin ratioReturn relative to average drawdown | 11.57 | 3.14 | +8.42 |
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Drawdowns
EASCX vs. NMI - Drawdown Comparison
The maximum EASCX drawdown since its inception was -29.70%, roughly equal to the maximum NMI drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for EASCX and NMI.
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Drawdown Indicators
| EASCX | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.70% | -28.92% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -10.96% | +8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.70% | -14.54% | +8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -11.21% | -28.92% | +17.71% |
Max Drawdown (10Y)Largest decline over 10 years | -11.21% | -28.92% | +17.71% |
Current DrawdownCurrent decline from peak | 0.00% | -1.27% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -5.91% | +3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 4.68% | -3.94% |
Volatility
EASCX vs. NMI - Volatility Comparison
The current volatility for Eaton Vance South Carolina Municipal Income Fund (EASCX) is 0.57%, while Nuveen Municipal Income Fund, Inc. (NMI) has a volatility of 7.93%. This indicates that EASCX experiences smaller price fluctuations and is considered to be less risky than NMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EASCX | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 7.93% | -7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 15.00% | -12.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 17.22% | -14.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.81% | 14.79% | -10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 15.06% | -11.54% |
EASCX vs. NMI - Expense Ratio Comparison
EASCX has a 0.65% expense ratio, which is lower than NMI's 0.72% expense ratio.
Dividends
EASCX vs. NMI - Dividend Comparison
EASCX's dividend yield for the trailing twelve months is around 3.10%, less than NMI's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EASCX Eaton Vance South Carolina Municipal Income Fund | 3.10% | 4.37% | 4.06% | 2.69% | 2.03% | 1.68% | 2.24% | 3.08% | 3.09% | 3.09% | 3.25% | 3.61% |
NMI Nuveen Municipal Income Fund, Inc. | 4.14% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
Frequently Asked Questions
EASCX and NMI have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMI has higher volatility (7.93%) compared to EASCX (0.57%). In terms of maximum drawdown, EASCX dropped -29.70% vs NMI's -28.92%.
EASCX currently has the higher Sharpe Ratio (2.91 vs 0.86), 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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