EIDOX vs. EIMAX
Compare and contrast key facts about Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX).
EIDOX is a passively managed fund by Eaton Vance that tracks the performance of the J.P. Morgan EMB (JEMB) Hard Currency / Local Currency 50-50 Index. It was launched on Sep 3, 2015. EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993.
Performance
EIDOX vs. EIMAX - Performance Comparison
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EIDOX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 1.43% | 15.59% | 14.78% | 11.40% | -6.25% | 1.52% | 7.39% | 18.25% | -4.28% | 12.97% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | -0.70% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Returns By Period
In the year-to-date period, EIDOX achieves a 1.43% return, which is significantly higher than EIMAX's -0.70% return. Over the past 10 years, EIDOX has outperformed EIMAX with an annualized return of 7.71%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
EIDOX
- 1D
- -0.65%
- 1M
- -3.19%
- YTD
- 1.43%
- 6M
- 6.73%
- 1Y
- 14.99%
- 3Y*
- 13.64%
- 5Y*
- 7.66%
- 10Y*
- 7.71%
EIMAX
- 1D
- 0.13%
- 1M
- -2.65%
- YTD
- -0.70%
- 6M
- 0.84%
- 1Y
- 3.61%
- 3Y*
- 2.28%
- 5Y*
- 0.14%
- 10Y*
- 1.47%
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EIDOX vs. EIMAX - Expense Ratio Comparison
EIDOX has a 0.79% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Return for Risk
EIDOX vs. EIMAX — Risk / Return Rank
EIDOX
EIMAX
EIDOX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX). 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.
| EIDOX | EIMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.16 | 0.79 | +3.37 |
Sortino ratioReturn per unit of downside risk | 5.72 | 1.10 | +4.62 |
Omega ratioGain probability vs. loss probability | 2.03 | 1.24 | +0.79 |
Calmar ratioReturn relative to maximum drawdown | 3.85 | 0.87 | +2.98 |
Martin ratioReturn relative to average drawdown | 15.67 | 3.04 | +12.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EIDOX | EIMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.16 | 0.79 | +3.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.67 | 0.03 | +1.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.63 | 0.35 | +1.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.65 | 0.56 | +1.09 |
Correlation
The correlation between EIDOX and EIMAX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EIDOX vs. EIMAX - Dividend Comparison
EIDOX's dividend yield for the trailing twelve months is around 11.13%, more than EIMAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 11.13% | 9.41% | 8.52% | 8.97% | 9.13% | 7.82% | 7.66% | 7.81% | 8.10% | 7.85% | 4.10% | 0.00% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.66% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
Drawdowns
EIDOX vs. EIMAX - Drawdown Comparison
The maximum EIDOX drawdown since its inception was -19.06%, smaller than the maximum EIMAX drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EIDOX and EIMAX.
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Drawdown Indicators
| EIDOX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.06% | -29.25% | +10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -5.62% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.42% | -14.67% | -2.75% |
Max Drawdown (10Y)Largest decline over 10 years | -19.06% | -14.67% | -4.39% |
Current DrawdownCurrent decline from peak | -3.56% | -2.65% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -2.50% | -3.92% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.61% | -0.73% |
Volatility
EIDOX vs. EIMAX - Volatility Comparison
Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) has a higher volatility of 1.85% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 1.03%. This indicates that EIDOX's price experiences larger fluctuations and is considered to be riskier than EIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIDOX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.03% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 1.69% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 5.75% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.61% | 4.34% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.76% | 4.19% | +0.57% |