EHSTX vs. ETMDX
EHSTX (Eaton Vance Large-Cap Value Fund) and ETMDX (Eaton Vance Maryland Municipal Income Fund) are both mutual funds - EHSTX is a Large Cap Value Equities fund managed by Eaton Vance, while ETMDX is a Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, EHSTX returned 11.05%/yr vs 2.07%/yr for ETMDX. At a 0.00 correlation, their price movements are largely independent. EHSTX charges 1.01%/yr vs 0.68%/yr for ETMDX.
Performance
EHSTX vs. ETMDX - Performance Comparison
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Returns By Period
In the year-to-date period, EHSTX achieves a 12.75% return, which is significantly higher than ETMDX's 2.07% return. Over the past 10 years, EHSTX has outperformed ETMDX with an annualized return of 11.05%, while ETMDX has yielded a comparatively lower 2.07% annualized return.
EHSTX
- 1D
- 0.77%
- 1M
- 1.02%
- YTD
- 12.75%
- 6M
- 12.12%
- 1Y
- 23.62%
- 3Y*
- 14.26%
- 5Y*
- 10.15%
- 10Y*
- 11.05%
ETMDX
- 1D
- 0.12%
- 1M
- 1.83%
- YTD
- 2.07%
- 6M
- 2.47%
- 1Y
- 8.16%
- 3Y*
- 4.56%
- 5Y*
- 1.31%
- 10Y*
- 2.07%
EHSTX vs. ETMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHSTX Eaton Vance Large-Cap Value Fund | 12.75% | 12.11% | 11.25% | 7.93% | -2.80% | 24.25% | 2.29% | 30.84% | -6.96% | 14.79% |
ETMDX Eaton Vance Maryland Municipal Income Fund | 2.07% | 5.22% | 2.20% | 6.43% | -9.04% | 1.54% | 4.18% | 6.75% | 0.75% | 3.63% |
Correlation
The correlation between EHSTX and ETMDX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
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 | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1993 | 0.00 |
The correlation between EHSTX and ETMDX shifts across timeframes, from -0.02 (10 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EHSTX vs. ETMDX — Risk / Return Rank
EHSTX
ETMDX
EHSTX vs. ETMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Large-Cap Value Fund (EHSTX) and Eaton Vance Maryland Municipal Income Fund (ETMDX). 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.
| EHSTX | ETMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.71 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.80 | +0.08 |
| Martin ratioReturn relative to average drawdown | 11.57 | 9.49 | +2.08 |
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Drawdowns
EHSTX vs. ETMDX - Drawdown Comparison
The maximum EHSTX drawdown since its inception was -53.47%, which is greater than ETMDX's maximum drawdown of -22.71%. Use the drawdown chart below to compare losses from any high point for EHSTX and ETMDX.
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Drawdown Indicators
| EHSTX | ETMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.47% | -22.71% | -30.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -2.93% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.44% | -6.02% | -10.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -13.81% | -2.63% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -13.81% | -25.49% |
Current DrawdownCurrent decline from peak | -1.05% | -0.14% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -2.30% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.86% | +1.20% |
Volatility
EHSTX vs. ETMDX - Volatility Comparison
Eaton Vance Large-Cap Value Fund (EHSTX) has a higher volatility of 4.15% compared to Eaton Vance Maryland Municipal Income Fund (ETMDX) at 0.79%. This indicates that EHSTX's price experiences larger fluctuations and is considered to be riskier than ETMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHSTX | ETMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 0.79% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 2.17% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 2.93% | +8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 4.20% | +10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 3.97% | +13.34% |
EHSTX vs. ETMDX - Expense Ratio Comparison
EHSTX has a 1.01% expense ratio, which is higher than ETMDX's 0.68% expense ratio.
Dividends
EHSTX vs. ETMDX - Dividend Comparison
EHSTX's dividend yield for the trailing twelve months is around 5.37%, more than ETMDX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHSTX Eaton Vance Large-Cap Value Fund | 5.37% | 6.12% | 4.03% | 2.93% | 4.25% | 7.32% | 1.94% | 2.76% | 10.94% | 5.88% | 1.33% | 11.02% |
ETMDX Eaton Vance Maryland Municipal Income Fund | 3.18% | 3.92% | 3.62% | 2.75% | 2.04% | 1.64% | 2.18% | 2.87% | 2.80% | 3.00% | 3.55% | 3.35% |
Frequently Asked Questions
EHSTX and ETMDX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EHSTX has higher volatility (4.15%) compared to ETMDX (0.79%). In terms of maximum drawdown, EHSTX dropped -53.47% vs ETMDX's -22.71%.
ETMDX currently has the higher Sharpe Ratio (2.80 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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