EMOIX vs. EGLIX
EMOIX (Eaton Vance Municipal Opportunities Fund) and EGLIX (Eagle Energy Infrastructure Fund) are both mutual funds - EMOIX is a Municipal Bonds fund managed by Eaton Vance, while EGLIX is a Energy Equities fund managed by Eagle Global. Over the past 10 years, EMOIX returned 2.28%/yr vs 12.34%/yr for EGLIX. Their -0.04 correlation means they have often moved in opposite directions in the past. EMOIX charges 0.67%/yr vs 1.40%/yr for EGLIX.
Performance
EMOIX vs. EGLIX - Performance Comparison
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Returns By Period
In the year-to-date period, EMOIX achieves a 0.79% return, which is significantly lower than EGLIX's 28.43% return. Over the past 10 years, EMOIX has underperformed EGLIX with an annualized return of 2.28%, while EGLIX has yielded a comparatively higher 12.34% annualized return.
EMOIX
- 1D
- -0.26%
- 1M
- -2.07%
- 6M
- 0.08%
- YTD
- 0.79%
- 1Y
- 6.48%
- 3Y*
- 4.50%
- 5Y*
- 1.02%
- 10Y*
- 2.28%
- ALL TIME*
- 3.09%
EGLIX
- 1D
- 0.44%
- 1M
- 1.38%
- 6M
- 17.76%
- YTD
- 28.43%
- 1Y
- 29.06%
- 3Y*
- 25.68%
- 5Y*
- 26.00%
- 10Y*
- 12.34%
- ALL TIME*
- 7.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EMOIX vs. EGLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMOIX Eaton Vance Municipal Opportunities Fund | 0.79% | 6.01% | 4.17% | 5.37% | -9.57% | 2.79% | 4.28% | 7.17% | 1.30% | 6.17% |
EGLIX Eagle Energy Infrastructure Fund | 28.43% | 3.00% | 43.07% | 16.07% | 33.19% | 49.17% | -23.58% | 9.31% | -18.79% | -9.37% |
Correlation
The correlation between EMOIX and EGLIX is -0.15, 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. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | -0.04 |
The correlation between EMOIX and EGLIX shifts across timeframes, from -0.15 (1 year) to 0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMOIX vs. EGLIX — Risk / Return Rank
EMOIX
EGLIX
EMOIX vs. EGLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Opportunities Fund (EMOIX) and Eagle Energy Infrastructure Fund (EGLIX). 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.
| EMOIX | EGLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.33 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 4.06 | -1.51 |
| Martin ratioReturn relative to average drawdown | 8.96 | 9.37 | -0.40 |
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Drawdowns
EMOIX vs. EGLIX - Drawdown Comparison
The maximum EMOIX drawdown since its inception was -14.20%, smaller than the maximum EGLIX drawdown of -78.89%. Use the drawdown chart below to compare losses from any high point for EMOIX and EGLIX.
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Drawdown Indicators
| EMOIX | EGLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.20% | -78.89% | +64.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -7.20% | +4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.22% | -17.93% | +12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -14.20% | -22.06% | +7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -14.20% | -68.86% | +54.66% |
Current DrawdownCurrent decline from peak | -2.07% | -3.81% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -27.19% | +24.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 3.11% | -2.26% |
Volatility
EMOIX vs. EGLIX - Volatility Comparison
The current volatility for Eaton Vance Municipal Opportunities Fund (EMOIX) is 0.94%, while Eagle Energy Infrastructure Fund (EGLIX) has a volatility of 5.13%. This indicates that EMOIX experiences smaller price fluctuations and is considered to be less risky than EGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMOIX | EGLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 5.13% | -4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 11.81% | -9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 15.00% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 20.92% | -16.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 25.87% | -21.79% |
EMOIX vs. EGLIX - Expense Ratio Comparison
EMOIX has a 0.67% expense ratio, which is lower than EGLIX's 1.40% expense ratio.
Dividends
EMOIX vs. EGLIX - Dividend Comparison
EMOIX's dividend yield for the trailing twelve months is around 3.26%, less than EGLIX's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGLIX Eagle Energy Infrastructure Fund | 4.27% | 3.98% | 4.38% | 5.85% | 5.25% | 5.24% | 10.88% | 8.08% | 8.12% | 7.10% | 6.38% | 8.61% |
EMOIX Eaton Vance Municipal Opportunities Fund | 3.26% | 4.41% | 4.09% | 2.49% | 2.66% | 3.27% | 2.36% | 2.76% | 2.54% | 2.22% | 2.50% | 2.03% |
Frequently Asked Questions
EMOIX and EGLIX have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGLIX has higher volatility (5.13%) compared to EMOIX (0.94%). In terms of maximum drawdown, EMOIX dropped -14.20% vs EGLIX's -78.89%.
EMOIX currently has the higher Sharpe Ratio (2.50 vs 1.95), 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.
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