ESEIX vs. EIMAX
ESEIX (Eaton Vance Atlanta Capital Select Equity Fund) and EIMAX (Eaton Vance Massachusetts Municipal Income Fund) are both mutual funds - ESEIX is a Large Cap Growth Equities fund managed by Eaton Vance, while EIMAX is a Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, ESEIX returned 10.24%/yr vs 1.35%/yr for EIMAX. Their -0.02 correlation means they have often moved in opposite directions in the past. ESEIX charges 0.78%/yr vs 0.48%/yr for EIMAX.
Performance
ESEIX vs. EIMAX - Performance Comparison
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Returns By Period
In the year-to-date period, ESEIX achieves a -3.70% return, which is significantly lower than EIMAX's 0.38% return. Over the past 10 years, ESEIX has outperformed EIMAX with an annualized return of 10.24%, while EIMAX has yielded a comparatively lower 1.35% annualized return.
ESEIX
- 1D
- -1.78%
- 1M
- 2.86%
- 6M
- -1.68%
- YTD
- -3.70%
- 1Y
- -1.32%
- 3Y*
- 6.61%
- 5Y*
- 4.10%
- 10Y*
- 10.24%
- ALL TIME*
- 11.61%
EIMAX
- 1D
- -0.26%
- 1M
- -2.03%
- 6M
- -0.29%
- YTD
- 0.38%
- 1Y
- 5.01%
- 3Y*
- 2.71%
- 5Y*
- -0.07%
- 10Y*
- 1.35%
- ALL TIME*
- 2.55%
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 |
ESEIX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESEIX Eaton Vance Atlanta Capital Select Equity Fund | -3.70% | -3.19% | 21.05% | 20.89% | -12.05% | 15.39% | 15.88% | 38.45% | -0.43% | 19.72% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 0.38% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Correlation
The correlation between ESEIX and EIMAX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2011 | -0.02 |
The correlation between ESEIX and EIMAX shifts across timeframes, from -0.02 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESEIX vs. EIMAX — Risk / Return Rank
ESEIX
EIMAX
ESEIX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Atlanta Capital Select Equity Fund (ESEIX) 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.
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.
| ESEIX | EIMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.53 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.18 | -2.44 |
| Martin ratioReturn relative to average drawdown | -0.51 | 7.13 | -7.64 |
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Drawdowns
ESEIX vs. EIMAX - Drawdown Comparison
The maximum ESEIX drawdown since its inception was -34.66%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for ESEIX and EIMAX.
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Drawdown Indicators
| ESEIX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -29.25% | -5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.67% | -2.77% | -10.90% |
Max Drawdown (3Y)Largest decline over 3 years | -20.45% | -6.83% | -13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -14.67% | -6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -14.67% | -19.99% |
Current DrawdownCurrent decline from peak | -13.15% | -2.03% | -11.12% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -3.89% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.99% | 0.85% | +6.14% |
Volatility
ESEIX vs. EIMAX - Volatility Comparison
Eaton Vance Atlanta Capital Select Equity Fund (ESEIX) has a higher volatility of 6.37% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 0.95%. This indicates that ESEIX'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.
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Volatility by Period
| ESEIX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 0.95% | +5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 2.29% | +9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 2.90% | +12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 4.40% | +12.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 4.21% | +13.34% |
ESEIX vs. EIMAX - Expense Ratio Comparison
ESEIX has a 0.78% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Dividends
ESEIX vs. EIMAX - Dividend Comparison
ESEIX's dividend yield for the trailing twelve months is around 20.19%, more than EIMAX's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.35% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
ESEIX Eaton Vance Atlanta Capital Select Equity Fund | 20.19% | 19.45% | 8.91% | 2.57% | 6.37% | 6.26% | 3.20% | 0.92% | 4.54% | 1.56% | 0.02% | 3.26% |
Frequently Asked Questions
ESEIX and EIMAX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESEIX has higher volatility (6.37%) compared to EIMAX (0.95%). In terms of maximum drawdown, ESEIX dropped -34.66% vs EIMAX's -29.25%.
EIMAX currently has the higher Sharpe Ratio (2.09 vs -0.23), 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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