EOT vs. VTEB
Compare and contrast key facts about Eaton Vance National Municipal Opportunities Trust (EOT) and Vanguard Tax-Exempt Bond ETF (VTEB).
VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Performance
EOT vs. VTEB - Performance Comparison
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EOT vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EOT Eaton Vance National Municipal Opportunities Trust | 2.43% | 7.97% | 1.90% | 7.67% | -22.32% | 11.41% | -1.56% | 21.98% | -12.85% | 14.10% |
VTEB Vanguard Tax-Exempt Bond ETF | -0.23% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Returns By Period
In the year-to-date period, EOT achieves a 2.43% return, which is significantly higher than VTEB's -0.23% return. Over the past 10 years, EOT has underperformed VTEB with an annualized return of 1.96%, while VTEB has yielded a comparatively higher 2.06% annualized return.
EOT
- 1D
- 3.57%
- 1M
- -1.23%
- YTD
- 2.43%
- 6M
- 5.38%
- 1Y
- 7.99%
- 3Y*
- 3.73%
- 5Y*
- -0.94%
- 10Y*
- 1.96%
VTEB
- 1D
- 0.24%
- 1M
- -2.18%
- YTD
- -0.23%
- 6M
- 1.34%
- 1Y
- 3.99%
- 3Y*
- 2.67%
- 5Y*
- 0.82%
- 10Y*
- 2.06%
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Return for Risk
EOT vs. VTEB — Risk / Return Rank
EOT
VTEB
EOT vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance National Municipal Opportunities Trust (EOT) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
| EOT | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 1.00 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.15 | 1.27 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.20 | -0.16 |
Martin ratioReturn relative to average drawdown | 3.37 | 3.56 | -0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EOT | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.00 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.21 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.39 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.45 | -0.14 |
Correlation
The correlation between EOT and VTEB is 0.31, 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.
Dividends
EOT vs. VTEB - Dividend Comparison
EOT's dividend yield for the trailing twelve months is around 4.79%, more than VTEB's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOT Eaton Vance National Municipal Opportunities Trust | 4.79% | 4.85% | 4.77% | 4.43% | 4.56% | 3.44% | 3.80% | 4.73% | 6.13% | 5.12% | 5.97% | 4.83% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.36% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
EOT vs. VTEB - Drawdown Comparison
The maximum EOT drawdown since its inception was -33.25%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for EOT and VTEB.
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Drawdown Indicators
| EOT | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -17.00% | -16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -3.45% | -3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -33.25% | -12.64% | -20.61% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -17.00% | -16.25% |
Current DrawdownCurrent decline from peak | -13.09% | -2.18% | -10.91% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -2.35% | -8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.17% | +1.09% |
Volatility
EOT vs. VTEB - Volatility Comparison
Eaton Vance National Municipal Opportunities Trust (EOT) has a higher volatility of 5.81% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.39%. This indicates that EOT's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EOT | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 1.39% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 1.85% | +6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 4.00% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 3.87% | +10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 5.25% | +9.49% |