EASCX vs. NRK
EASCX (Eaton Vance South Carolina Municipal Income Fund) and NRK (Nuveen New York AMT Free Quality Municipal Income) are both Municipal Bonds funds. Over the past 10 years, EASCX returned 1.98%/yr vs 2.33%/yr for NRK. At a 0.26 correlation, their price movements are largely independent. EASCX charges 0.65%/yr vs 2.16%/yr for NRK.
Performance
EASCX vs. NRK - 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 NRK's 10.52% return. Over the past 10 years, EASCX has underperformed NRK with an annualized return of 1.98%, while NRK 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%
NRK
- 1D
- 0.47%
- 1M
- 1.57%
- YTD
- 10.52%
- 6M
- 10.08%
- 1Y
- 17.32%
- 3Y*
- 8.45%
- 5Y*
- 0.31%
- 10Y*
- 2.33%
EASCX vs. NRK - 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% |
NRK Nuveen New York AMT Free Quality Municipal Income | 10.52% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 21.43% | -5.98% | 6.16% |
Correlation
The correlation between EASCX and NRK is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2003 | 0.26 |
Over the past year, EASCX and NRK have become more correlated (0.47) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
EASCX vs. NRK — Risk / Return Rank
EASCX
NRK
EASCX vs. NRK - 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 New York AMT Free Quality Municipal Income (NRK). 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 | NRK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.40 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 3.27 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.57 | 8.72 | +2.84 |
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Drawdowns
EASCX vs. NRK - Drawdown Comparison
The maximum EASCX drawdown since its inception was -29.70%, smaller than the maximum NRK drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for EASCX and NRK.
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Drawdown Indicators
| EASCX | NRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.70% | -40.18% | +10.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -5.32% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.70% | -12.67% | +6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -11.21% | -31.06% | +19.85% |
Max Drawdown (10Y)Largest decline over 10 years | -11.21% | -31.06% | +19.85% |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -8.17% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 1.99% | -1.25% |
Volatility
EASCX vs. NRK - Volatility Comparison
The current volatility for Eaton Vance South Carolina Municipal Income Fund (EASCX) is 0.57%, while Nuveen New York AMT Free Quality Municipal Income (NRK) has a volatility of 2.96%. This indicates that EASCX experiences smaller price fluctuations and is considered to be less risky than NRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EASCX | NRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 2.96% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 6.69% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 8.51% | -5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.81% | 9.95% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 10.35% | -6.83% |
EASCX vs. NRK - Expense Ratio Comparison
EASCX has a 0.65% expense ratio, which is lower than NRK's 2.16% expense ratio.
Dividends
EASCX vs. NRK - Dividend Comparison
EASCX's dividend yield for the trailing twelve months is around 3.10%, less than NRK's 7.69% 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% |
NRK Nuveen New York AMT Free Quality Municipal Income | 7.69% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
Frequently Asked Questions
EASCX and NRK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRK has higher volatility (2.96%) compared to EASCX (0.57%). In terms of maximum drawdown, EASCX dropped -29.70% vs NRK's -40.18%.
EASCX currently has the higher Sharpe Ratio (2.91 vs 2.07), 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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