EIM vs. NOM

Last updated Jun 5, 2026

EIM (Eaton Vance Municipal Bond Fund) and NOM (Nuveen Missouri Quality Municipal Income Fund) are both Municipal Bonds funds. At a 0.12 correlation, their price movements are largely independent.

Performance

EIM vs. NOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Municipal Bond Fund (EIM) and Nuveen Missouri Quality Municipal Income Fund (NOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EIM

• 1D: -0.61%
• 1M: -1.30%
• YTD: 2.91%
• 6M: 1.36%
• 1Y: 8.06%
• 3Y*: 5.31%
• 5Y*: -1.49%
• 10Y*: 1.51%

NOM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EIM vs. NOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIM Eaton Vance Municipal Bond Fund	2.91%	-0.08%	8.21%	1.66%	-19.82%	4.35%	10.53%	18.91%	-5.30%	6.44%
NOM Nuveen Missouri Quality Municipal Income Fund	-5.66%	6.89%	27.11%	-0.84%	-26.11%	8.91%	1.20%	30.63%	-15.20%	-3.04%

Correlation

The correlation between EIM and NOM is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Aug 29, 2002	0.12

The correlation between EIM and NOM shifts across timeframes, from 0.08 (1 year) to 0.29 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

EIM vs. NOM — Risk / Return Rank

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

EIM

EIM Risk / Return Rank: 14
EIM Sharpe Ratio Rank: 12
EIM Sortino Ratio Rank: 15
EIM Omega Ratio Rank: 14
EIM Calmar Ratio Rank: 19
EIM Martin Ratio Rank: 12

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.

EIM vs. NOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Bond Fund (EIM) and Nuveen Missouri Quality Municipal Income Fund (NOM). 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.

	EIM	NOM	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.53	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.53	—	—
Martin ratio: Return relative to average drawdown	3.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EIM	NOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	—	—

Drawdowns

Drawdown Indicators

	EIM	NOM	Difference
Max Drawdown Largest peak-to-trough decline	-52.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.30%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.69%	—	—
Current Drawdown Current decline from peak	-10.28%	—	—
Average Drawdown Average peak-to-trough decline	-8.37%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	—	—

Volatility

Volatility by Period

	EIM	NOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.72%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.55%	—	—

Dividends

EIM vs. NOM - Dividend Comparison

EIM's dividend yield for the trailing twelve months is around 6.25%, which matches NOM's 6.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIM Eaton Vance Municipal Bond Fund	6.25%	6.27%	5.65%	4.07%	4.87%	4.38%	4.29%	4.00%	4.98%	5.48%	5.64%	5.90%
NOM Nuveen Missouri Quality Municipal Income Fund	6.28%	6.58%	5.45%	3.17%	4.45%	3.60%	3.43%	3.60%	4.82%	4.74%	4.51%	4.76%

Frequently Asked Questions

Can I hold both EIM and NOM in my portfolio?

EIM and NOM have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.