EMOIX vs. EGLIX
Compare and contrast key facts about Eaton Vance Municipal Opportunities Fund (EMOIX) and Eagle MLP Strategy Fund (EGLIX).
EMOIX is managed by Eaton Vance. It was launched on May 30, 2011. EGLIX is managed by Eagle MLP. It was launched on Sep 13, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMOIX or EGLIX.
Correlation
The correlation between EMOIX and EGLIX is -0.04. 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
EMOIX vs. EGLIX - Performance Comparison
Key characteristics
EMOIX:
0.60
EGLIX:
3.62
EMOIX:
0.83
EGLIX:
4.62
EMOIX:
1.12
EGLIX:
1.63
EMOIX:
0.31
EGLIX:
5.32
EMOIX:
2.25
EGLIX:
22.04
EMOIX:
0.97%
EGLIX:
2.40%
EMOIX:
3.63%
EGLIX:
14.61%
EMOIX:
-15.38%
EGLIX:
-78.88%
EMOIX:
-4.07%
EGLIX:
-0.81%
Returns By Period
In the year-to-date period, EMOIX achieves a -1.15% return, which is significantly lower than EGLIX's 6.23% return. Over the past 10 years, EMOIX has underperformed EGLIX with an annualized return of 2.05%, while EGLIX has yielded a comparatively higher 6.24% annualized return.
EMOIX
-1.15%
-1.93%
0.03%
2.08%
0.58%
2.05%
EGLIX
6.23%
5.02%
22.46%
51.61%
21.30%
6.24%
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EMOIX vs. EGLIX - Expense Ratio Comparison
EMOIX has a 0.67% expense ratio, which is lower than EGLIX's 1.40% expense ratio.
Risk-Adjusted Performance
EMOIX vs. EGLIX — Risk-Adjusted Performance Rank
EMOIX
EGLIX
EMOIX vs. EGLIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Opportunities Fund (EMOIX) and Eagle MLP Strategy 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.
Dividends
EMOIX vs. EGLIX - Dividend Comparison
EMOIX's dividend yield for the trailing twelve months is around 3.25%, less than EGLIX's 4.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMOIX Eaton Vance Municipal Opportunities Fund | 3.25% | 3.21% | 3.32% | 2.66% | 1.88% | 2.36% | 2.39% | 2.54% | 2.24% | 2.07% | 2.03% | 2.24% |
EGLIX Eagle MLP Strategy Fund | 4.12% | 4.38% | 5.86% | 5.25% | 5.23% | 10.88% | 8.08% | 8.14% | 7.11% | 6.40% | 8.61% | 4.73% |
Drawdowns
EMOIX vs. EGLIX - Drawdown Comparison
The maximum EMOIX drawdown since its inception was -15.38%, smaller than the maximum EGLIX drawdown of -78.88%. Use the drawdown chart below to compare losses from any high point for EMOIX and EGLIX. For additional features, visit the drawdowns tool.
Volatility
EMOIX vs. EGLIX - Volatility Comparison
The current volatility for Eaton Vance Municipal Opportunities Fund (EMOIX) is 1.26%, while Eagle MLP Strategy Fund (EGLIX) has a volatility of 5.82%. 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.