EHSTX vs. EILTX

Last updated Jun 4, 2026

EHSTX (Eaton Vance Large-Cap Value Fund) and EILTX (Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund) are both mutual funds - EHSTX is a Large Cap Value Equities fund managed by Eaton Vance, while EILTX is a Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, EHSTX returned 10.93%/yr vs 2.47%/yr for EILTX. At a correlation of -0.10, they often move in opposite directions. EHSTX charges 1.01%/yr vs 0.40%/yr for EILTX.

Performance

EHSTX vs. EILTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Large-Cap Value Fund (EHSTX) and Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund (EILTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EHSTX achieves a 12.24% return, which is significantly higher than EILTX's 1.02% return. Over the past 10 years, EHSTX has outperformed EILTX with an annualized return of 10.93%, while EILTX has yielded a comparatively lower 2.47% annualized return.

EHSTX

• 1D: 0.64%
• 1M: 3.92%
• YTD: 12.24%
• 6M: 13.35%
• 1Y: 23.28%
• 3Y*: 14.87%
• 5Y*: 9.17%
• 10Y*: 10.93%

EILTX

• 1D: 0.16%
• 1M: 0.60%
• YTD: 1.02%
• 6M: 1.46%
• 1Y: 7.36%
• 3Y*: 4.61%
• 5Y*: 1.63%
• 10Y*: 2.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EHSTX vs. EILTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EHSTX Eaton Vance Large-Cap Value Fund	12.24%	12.11%	11.25%	7.93%	-2.80%	24.25%	2.29%	30.84%	-6.96%	14.79%
EILTX Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund	1.02%	6.86%	1.65%	6.40%	-7.31%	1.05%	5.63%	7.35%	0.37%	6.12%

Correlation

The correlation between EHSTX and EILTX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	-0.10

The correlation between EHSTX and EILTX shifts across timeframes, from -0.10 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EHSTX vs. EILTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EHSTX

EHSTX Risk / Return Rank: 55
EHSTX Sharpe Ratio Rank: 54
EHSTX Sortino Ratio Rank: 52
EHSTX Omega Ratio Rank: 49
EHSTX Calmar Ratio Rank: 58
EHSTX Martin Ratio Rank: 60

EILTX

EILTX Risk / Return Rank: 64
EILTX Sharpe Ratio Rank: 84
EILTX Sortino Ratio Rank: 85
EILTX Omega Ratio Rank: 93
EILTX Calmar Ratio Rank: 29
EILTX Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EHSTX vs. EILTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Large-Cap Value Fund (EHSTX) and Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund (EILTX). 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.

	EHSTX	EILTX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.73	-0.56
Sortino ratio: Return per unit of downside risk	3.05	4.05	-1.00
Omega ratio: Gain probability vs. loss probability	1.38	1.71	-0.33
Calmar ratio: Return relative to maximum drawdown	2.92	2.01	+0.91
Martin ratio: Return relative to average drawdown	11.82	6.50	+5.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EHSTX vs. EILTX - Sharpe Ratio Comparison

The current EHSTX Sharpe Ratio is 2.17, which is comparable to the EILTX Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of EHSTX and EILTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EHSTX	EILTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.73	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.41	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.60	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.84	-0.31

Drawdowns

EHSTX vs. EILTX - Drawdown Comparison

The maximum EHSTX drawdown since its inception was -53.47%, which is greater than EILTX's maximum drawdown of -13.27%. Use the drawdown chart below to compare losses from any high point for EHSTX and EILTX.

Drawdown Indicators

	EHSTX	EILTX	Difference
Max Drawdown Largest peak-to-trough decline	-53.47%	-13.27%	-40.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-3.64%	-4.65%
Max Drawdown (3Y) Largest decline over 3 years	-16.44%	-7.13%	-9.31%
Max Drawdown (5Y) Largest decline over 5 years	-16.44%	-13.27%	-3.17%
Max Drawdown (10Y) Largest decline over 10 years	-39.30%	-13.27%	-26.03%
Current Drawdown Current decline from peak	-0.53%	-1.34%	+0.81%
Average Drawdown Average peak-to-trough decline	-7.40%	-2.40%	-5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.12%	+0.92%

Volatility

EHSTX vs. EILTX - Volatility Comparison

Eaton Vance Large-Cap Value Fund (EHSTX) has a higher volatility of 3.37% compared to Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund (EILTX) at 1.07%. This indicates that EHSTX's price experiences larger fluctuations and is considered to be riskier than EILTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EHSTX	EILTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	1.07%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	2.15%	+6.16%
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	2.68%	+8.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	4.02%	+10.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	4.10%	+13.18%

EHSTX vs. EILTX - Expense Ratio Comparison

EHSTX has a 1.01% expense ratio, which is higher than EILTX's 0.40% expense ratio.

Dividends

EHSTX vs. EILTX - Dividend Comparison

EHSTX's dividend yield for the trailing twelve months is around 5.42%, more than EILTX's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EHSTX Eaton Vance Large-Cap Value Fund	5.42%	6.12%	4.03%	2.93%	4.25%	7.32%	1.94%	2.76%	10.94%	5.88%	1.33%	11.02%
EILTX Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund	3.20%	3.92%	3.70%	2.17%	2.20%	1.65%	1.80%	2.46%	2.08%	1.94%	1.61%	2.30%

Frequently Asked Questions

Can I hold both EHSTX and EILTX in my portfolio?

EHSTX and EILTX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EHSTX or EILTX?

EHSTX has higher volatility (3.37%) compared to EILTX (1.07%). In terms of maximum drawdown, EHSTX dropped -53.47% vs EILTX's -13.27%.

Which has better risk-adjusted returns?

EILTX currently has the higher Sharpe Ratio (2.73 vs 2.17), 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.