EIMAX vs. E
EIMAX (Eaton Vance Massachusetts Municipal Income Fund) is Municipal Bonds fund managed by Eaton Vance, while E (Eni S.p.A.) is a stock. Over the past 10 years, EIMAX returned 1.35%/yr vs 12.97%/yr for E. Their -0.03 correlation means they have often moved in opposite directions in the past.
Performance
EIMAX vs. E - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EIMAX achieves a 0.38% return, which is significantly lower than E's 49.82% return. Over the past 10 years, EIMAX has underperformed E with an annualized return of 1.35%, while E has yielded a comparatively higher 12.97% annualized return.
EIMAX
- 1D
- -0.26%
- 1M
- -2.03%
- 6M
- -0.29%
- YTD
- 0.38%
- 1Y
- 5.01%
- 3Y*
- 2.71%
- 5Y*
- -0.07%
- 10Y*
- 1.35%
- ALL TIME*
- 2.55%
E
- 1D
- 0.00%
- 1M
- 18.54%
- 6M
- 38.91%
- YTD
- 49.82%
- 1Y
- 72.88%
- 3Y*
- 30.16%
- 5Y*
- 26.94%
- 10Y*
- 12.97%
- ALL TIME*
- 9.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.39M | $21.06M | $21.85M | |
| $0.00 | $0.00 | $0.00 |
EIMAX vs. E - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 0.38% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
E Eni S.p.A. | 49.82% | 48.40% | -13.95% | 26.73% | 10.92% | 43.12% | -28.73% | 4.29% | -0.98% | 7.27% |
Correlation
The correlation between EIMAX and E is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 1995 | -0.03 |
The correlation between EIMAX and E shifts across timeframes, from -0.17 (1 year) to -0.01 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EIMAX vs. E — Risk / Return Rank
EIMAX
E
EIMAX vs. E - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Massachusetts Municipal Income Fund (EIMAX) and Eni S.p.A. (E). 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.
| EIMAX | E | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.46 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.64 | -1.46 |
| Martin ratioReturn relative to average drawdown | 7.13 | 12.58 | -5.45 |
Loading charts...
Drawdowns
EIMAX vs. E - Drawdown Comparison
The maximum EIMAX drawdown since its inception was -29.25%, smaller than the maximum E drawdown of -70.53%. Use the drawdown chart below to compare losses from any high point for EIMAX and E.
Loading charts...
Drawdown Indicators
| EIMAX | E | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.25% | -70.53% | +41.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -20.00% | +17.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.83% | -20.13% | +13.30% |
Max Drawdown (5Y)Largest decline over 5 years | -14.67% | -33.71% | +19.04% |
Max Drawdown (10Y)Largest decline over 10 years | -14.67% | -61.59% | +46.92% |
Current DrawdownCurrent decline from peak | -2.03% | -2.47% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -23.02% | +19.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 5.79% | -4.94% |
Volatility
EIMAX vs. E - Volatility Comparison
The current volatility for Eaton Vance Massachusetts Municipal Income Fund (EIMAX) is 0.95%, while Eni S.p.A. (E) has a volatility of 10.66%. This indicates that EIMAX experiences smaller price fluctuations and is considered to be less risky than E based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EIMAX | E | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 10.66% | -9.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 21.89% | -19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 25.66% | -22.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 25.37% | -20.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 28.17% | -23.96% |
Dividends
EIMAX vs. E - Dividend Comparison
EIMAX's dividend yield for the trailing twelve months is around 3.35%, less than E's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
E Eni S.p.A. | 4.34% | 5.88% | 7.69% | 5.74% | 6.38% | 5.79% | 5.91% | 6.11% | 5.15% | 3.96% | 3.98% | 5.14% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.35% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
Frequently Asked Questions
EIMAX and E have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
E has higher volatility (10.66%) compared to EIMAX (0.95%). In terms of maximum drawdown, EIMAX dropped -29.25% vs E's -70.53%.
E currently has the higher Sharpe Ratio (2.84 vs 2.09), 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.
Find the right allocation for EIMAX and E
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer