EIPCX vs. EIMAX
Compare and contrast key facts about Parametric Commodity Strategy Fund Class I (EIPCX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX).
EIPCX is managed by Eaton Vance. It was launched on May 25, 2011. EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993.
Performance
EIPCX vs. EIMAX - Performance Comparison
Loading graphics...
EIPCX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIPCX Parametric Commodity Strategy Fund Class I | 16.44% | 22.27% | 9.97% | -4.70% | 17.76% | 30.13% | 7.83% | 9.58% | -9.45% | 7.07% |
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, EIPCX achieves a 16.44% return, which is significantly higher than EIMAX's -0.70% return. Over the past 10 years, EIPCX has outperformed EIMAX with an annualized return of 11.37%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
EIPCX
- 1D
- 0.52%
- 1M
- 5.61%
- YTD
- 16.44%
- 6M
- 25.65%
- 1Y
- 32.48%
- 3Y*
- 15.11%
- 5Y*
- 16.28%
- 10Y*
- 11.37%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EIPCX vs. EIMAX - Expense Ratio Comparison
EIPCX has a 0.66% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Return for Risk
EIPCX vs. EIMAX — Risk / Return Rank
EIPCX
EIMAX
EIPCX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) 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.
| EIPCX | EIMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.24 | 0.79 | +1.46 |
Sortino ratioReturn per unit of downside risk | 2.82 | 1.10 | +1.73 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.60 | 0.87 | +2.72 |
Martin ratioReturn relative to average drawdown | 12.73 | 3.04 | +9.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EIPCX | EIMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 0.79 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.03 | +1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.35 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.56 | -0.32 |
Correlation
The correlation between EIPCX and EIMAX is -0.06. 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.
Dividends
EIPCX vs. EIMAX - Dividend Comparison
EIPCX's dividend yield for the trailing twelve months is around 11.45%, more than EIMAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIPCX Parametric Commodity Strategy Fund Class I | 11.45% | 13.33% | 5.65% | 3.69% | 14.93% | 13.83% | 3.10% | 1.54% | 0.87% | 5.14% | 6.59% | 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
EIPCX vs. EIMAX - Drawdown Comparison
The maximum EIPCX drawdown since its inception was -54.05%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EIPCX and EIMAX.
Loading graphics...
Drawdown Indicators
| EIPCX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.05% | -29.25% | -24.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | -5.62% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -14.67% | -3.33% |
Max Drawdown (10Y)Largest decline over 10 years | -28.53% | -14.67% | -13.86% |
Current DrawdownCurrent decline from peak | -1.15% | -2.65% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -24.51% | -3.92% | -20.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.61% | +0.97% |
Volatility
EIPCX vs. EIMAX - Volatility Comparison
Parametric Commodity Strategy Fund Class I (EIPCX) has a higher volatility of 4.42% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 1.03%. This indicates that EIPCX'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.
Loading graphics...
Volatility by Period
| EIPCX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 1.03% | +3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 1.69% | +10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.84% | 5.75% | +9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.64% | 4.34% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.30% | 4.19% | +9.11% |