ETAZX vs. EHSTX
ETAZX (Eaton Vance Arizona Municipal Income Fund) and EHSTX (Eaton Vance Large-Cap Value Fund) are both mutual funds - ETAZX is a Municipal Bonds fund managed by Eaton Vance, while EHSTX is a Large Cap Value Equities fund managed by Eaton Vance. Over the past 10 years, ETAZX returned 1.96%/yr vs 11.15%/yr for EHSTX. Their 0.00 correlation means their historical movements had little consistent relationship. ETAZX charges 0.69%/yr vs 1.01%/yr for EHSTX.
Performance
ETAZX vs. EHSTX - Performance Comparison
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Returns By Period
In the year-to-date period, ETAZX achieves a 0.42% return, which is significantly lower than EHSTX's 17.25% return. Over the past 10 years, ETAZX has underperformed EHSTX with an annualized return of 1.96%, while EHSTX has yielded a comparatively higher 11.15% annualized return.
ETAZX
- 1D
- -0.34%
- 1M
- -2.31%
- 6M
- -0.40%
- YTD
- 0.42%
- 1Y
- 6.07%
- 3Y*
- 3.81%
- 5Y*
- 0.94%
- 10Y*
- 1.96%
- ALL TIME*
- 3.76%
EHSTX
- 1D
- 1.07%
- 1M
- 2.49%
- 6M
- 12.18%
- YTD
- 17.25%
- 1Y
- 27.96%
- 3Y*
- 14.03%
- 5Y*
- 10.32%
- 10Y*
- 11.15%
- ALL TIME*
- 8.80%
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 |
ETAZX vs. EHSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETAZX Eaton Vance Arizona Municipal Income Fund | 0.42% | 5.02% | 2.42% | 5.89% | -7.95% | 0.66% | 4.71% | 6.80% | 0.87% | 4.88% |
EHSTX Eaton Vance Large-Cap Value Fund | 17.25% | 12.11% | 11.25% | 7.93% | -2.80% | 24.25% | 2.29% | 30.84% | -6.96% | 14.79% |
Correlation
The correlation between ETAZX and EHSTX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 1993 | 0.00 |
The correlation between ETAZX and EHSTX shifts across timeframes, from -0.01 (10 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETAZX vs. EHSTX — Risk / Return Rank
ETAZX
EHSTX
ETAZX vs. EHSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Arizona Municipal Income Fund (ETAZX) and Eaton Vance Large-Cap Value Fund (EHSTX). 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.
| ETAZX | EHSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.39 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.07 | -0.85 |
| Martin ratioReturn relative to average drawdown | 7.29 | 12.77 | -5.48 |
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Drawdowns
ETAZX vs. EHSTX - Drawdown Comparison
The maximum ETAZX drawdown since its inception was -21.54%, smaller than the maximum EHSTX drawdown of -53.47%. Use the drawdown chart below to compare losses from any high point for ETAZX and EHSTX.
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Drawdown Indicators
| ETAZX | EHSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.54% | -53.47% | +31.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -8.29% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.37% | -16.44% | +11.07% |
Max Drawdown (5Y)Largest decline over 5 years | -12.19% | -16.44% | +4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -12.19% | -39.30% | +27.11% |
Current DrawdownCurrent decline from peak | -2.31% | -0.10% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -7.38% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.99% | -1.03% |
Volatility
ETAZX vs. EHSTX - Volatility Comparison
The current volatility for Eaton Vance Arizona Municipal Income Fund (ETAZX) is 1.14%, while Eaton Vance Large-Cap Value Fund (EHSTX) has a volatility of 2.71%. This indicates that ETAZX experiences smaller price fluctuations and is considered to be less risky than EHSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETAZX | EHSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 2.71% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 8.84% | -6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 11.64% | -8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.88% | 14.71% | -10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 17.25% | -13.32% |
ETAZX vs. EHSTX - Expense Ratio Comparison
ETAZX has a 0.69% expense ratio, which is lower than EHSTX's 1.01% expense ratio.
Dividends
ETAZX vs. EHSTX - Dividend Comparison
ETAZX's dividend yield for the trailing twelve months is around 3.07%, less than EHSTX's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHSTX Eaton Vance Large-Cap Value Fund | 5.16% | 6.12% | 4.03% | 2.93% | 4.25% | 7.32% | 1.94% | 2.76% | 10.94% | 5.88% | 1.33% | 11.02% |
ETAZX Eaton Vance Arizona Municipal Income Fund | 3.07% | 4.02% | 3.74% | 2.84% | 2.41% | 1.98% | 2.63% | 3.00% | 2.97% | 2.95% | 3.19% | 3.75% |
Frequently Asked Questions
ETAZX and EHSTX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EHSTX has higher volatility (2.71%) compared to ETAZX (1.14%). In terms of maximum drawdown, ETAZX dropped -21.54% vs EHSTX's -53.47%.
ETAZX currently has the higher Sharpe Ratio (2.24 vs 2.19), 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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