EIMAX vs. VOO
Compare and contrast key facts about Eaton Vance Massachusetts Municipal Income Fund (EIMAX) and Vanguard S&P 500 ETF (VOO).
EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIMAX or VOO.
Correlation
The correlation between EIMAX and VOO is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EIMAX vs. VOO - Performance Comparison
Key characteristics
EIMAX:
0.28
VOO:
1.88
EIMAX:
0.39
VOO:
2.53
EIMAX:
1.06
VOO:
1.35
EIMAX:
0.17
VOO:
2.81
EIMAX:
0.78
VOO:
11.78
EIMAX:
1.49%
VOO:
2.02%
EIMAX:
4.19%
VOO:
12.67%
EIMAX:
-28.55%
VOO:
-33.99%
EIMAX:
-4.14%
VOO:
0.00%
Returns By Period
In the year-to-date period, EIMAX achieves a -0.08% return, which is significantly lower than VOO's 4.61% return. Over the past 10 years, EIMAX has underperformed VOO with an annualized return of 1.61%, while VOO has yielded a comparatively higher 13.30% annualized return.
EIMAX
-0.08%
0.69%
-0.48%
1.29%
-0.16%
1.61%
VOO
4.61%
2.59%
10.08%
25.10%
14.79%
13.30%
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EIMAX vs. VOO - Expense Ratio Comparison
EIMAX has a 0.48% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
EIMAX vs. VOO — Risk-Adjusted Performance Rank
EIMAX
VOO
EIMAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Massachusetts Municipal Income Fund (EIMAX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
EIMAX vs. VOO - Dividend Comparison
EIMAX's dividend yield for the trailing twelve months is around 3.59%, more than VOO's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.59% | 3.55% | 3.19% | 2.63% | 2.02% | 2.58% | 2.96% | 3.26% | 3.41% | 3.66% | 3.71% | 4.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
EIMAX vs. VOO - Drawdown Comparison
The maximum EIMAX drawdown since its inception was -28.55%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EIMAX and VOO. For additional features, visit the drawdowns tool.
Volatility
EIMAX vs. VOO - Volatility Comparison
The current volatility for Eaton Vance Massachusetts Municipal Income Fund (EIMAX) is 1.42%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.01%. This indicates that EIMAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.