EEIAX vs. ETNYX

In the year-to-date period, EEIAX achieves a 10.55% return, which is significantly higher than ETNYX's -2.68% return. Over the past 10 years, EEIAX has outperformed ETNYX with an annualized return of 3.16%, while ETNYX has yielded a comparatively lower 2.00% annualized return.

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EEIAX has a 1.19% expense ratio, which is higher than ETNYX's 0.68% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Local Income Fund (EEIAX) and Eaton Vance New York Municipal Income Fund (ETNYX). 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.

The current EEIAX Sharpe Ratio is 1.00, which is higher than the ETNYX Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of EEIAX and ETNYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

EEIAX's dividend yield for the trailing twelve months is around 10.50%, more than ETNYX's 3.72% yield.

The maximum EEIAX drawdown since its inception was -31.60%, roughly equal to the maximum ETNYX drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for EEIAX and ETNYX. For additional features, visit the drawdowns tool.

The current volatility for Eaton Vance Emerging Markets Local Income Fund (EEIAX) is 1.33%, while Eaton Vance New York Municipal Income Fund (ETNYX) has a volatility of 1.64%. This indicates that EEIAX experiences smaller price fluctuations and is considered to be less risky than ETNYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.