EOT vs. FCBFX
Compare and contrast key facts about Eaton Vance National Municipal Opportunities Trust (EOT) and Fidelity Corporate Bond Fund (FCBFX).
FCBFX is managed by Fidelity. It was launched on May 4, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EOT or FCBFX.
Performance
EOT vs. FCBFX - Performance Comparison
Returns By Period
In the year-to-date period, EOT achieves a 6.85% return, which is significantly higher than FCBFX's 3.14% return. Over the past 10 years, EOT has outperformed FCBFX with an annualized return of 3.10%, while FCBFX has yielded a comparatively lower 2.47% annualized return.
EOT
6.85%
-1.76%
7.41%
15.67%
-0.67%
3.10%
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
Key characteristics
| EOT | FCBFX | |
|---|---|---|
| Sharpe Ratio | 2.01 | 1.44 |
| Sortino Ratio | 3.05 | 2.14 |
| Omega Ratio | 1.38 | 1.26 |
| Calmar Ratio | 0.58 | 0.54 |
| Martin Ratio | 8.74 | 5.62 |
| Ulcer Index | 1.89% | 1.57% |
| Daily Std Dev | 8.23% | 6.12% |
| Max Drawdown | -33.25% | -23.12% |
| Current Drawdown | -17.60% | -8.60% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between EOT and FCBFX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
EOT vs. FCBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance National Municipal Opportunities Trust (EOT) and Fidelity Corporate Bond Fund (FCBFX). 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
EOT vs. FCBFX - Dividend Comparison
EOT's dividend yield for the trailing twelve months is around 4.46%, more than FCBFX's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOT Eaton Vance National Municipal Opportunities Trust | 4.46% | 4.47% | 4.60% | 3.45% | 3.80% | 4.74% | 6.13% | 5.12% | 5.96% | 4.84% | 4.91% | 5.64% |
FCBFX Fidelity Corporate Bond Fund | 3.92% | 3.74% | 3.37% | 2.53% | 2.58% | 3.29% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
Drawdowns
EOT vs. FCBFX - Drawdown Comparison
The maximum EOT drawdown since its inception was -33.25%, which is greater than FCBFX's maximum drawdown of -23.12%. Use the drawdown chart below to compare losses from any high point for EOT and FCBFX. For additional features, visit the drawdowns tool.
Volatility
EOT vs. FCBFX - Volatility Comparison
Eaton Vance National Municipal Opportunities Trust (EOT) has a higher volatility of 2.02% compared to Fidelity Corporate Bond Fund (FCBFX) at 1.92%. This indicates that EOT's price experiences larger fluctuations and is considered to be riskier than FCBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.