ETB vs. EIMAX
Compare and contrast key facts about Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX).
ETB is managed by Eaton Vance. It was launched on Apr 29, 2005. EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993.
Performance
ETB vs. EIMAX - Performance Comparison
Loading graphics...
ETB vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETB Eaton Vance Tax-Managed Buy-Write Income Fund | -3.57% | 11.16% | 26.22% | 7.50% | -16.59% | 23.68% | 0.43% | 32.40% | -12.75% | 9.52% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | -0.70% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Returns By Period
In the year-to-date period, ETB achieves a -3.57% return, which is significantly lower than EIMAX's -0.70% return. Over the past 10 years, ETB has outperformed EIMAX with an annualized return of 7.48%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
ETB
- 1D
- 3.00%
- 1M
- -5.76%
- YTD
- -3.57%
- 6M
- 0.27%
- 1Y
- 15.23%
- 3Y*
- 12.80%
- 5Y*
- 6.94%
- 10Y*
- 7.48%
EIMAX
- 1D
- 0.13%
- 1M
- -2.65%
- YTD
- -0.70%
- 6M
- 0.84%
- 1Y
- 3.61%
- 3Y*
- 2.28%
- 5Y*
- 0.14%
- 10Y*
- 1.47%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ETB vs. EIMAX - Expense Ratio Comparison
ETB has a 0.01% expense ratio, which is lower than EIMAX's 0.48% expense ratio.
Return for Risk
ETB vs. EIMAX — Risk / Return Rank
ETB
EIMAX
ETB vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) 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.
| ETB | EIMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.79 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.10 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.87 | +0.31 |
Martin ratioReturn relative to average drawdown | 6.14 | 3.04 | +3.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ETB | EIMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.79 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.03 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.35 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.56 | -0.17 |
Correlation
The correlation between ETB and EIMAX is -0.02. 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.
Dividends
ETB vs. EIMAX - Dividend Comparison
ETB's dividend yield for the trailing twelve months is around 8.80%, more than EIMAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETB Eaton Vance Tax-Managed Buy-Write Income Fund | 8.80% | 8.31% | 8.21% | 8.62% | 9.63% | 7.57% | 8.64% | 7.90% | 9.64% | 7.75% | 7.85% | 7.77% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.66% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
Drawdowns
ETB vs. EIMAX - Drawdown Comparison
The maximum ETB drawdown since its inception was -51.09%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for ETB and EIMAX.
Loading graphics...
Drawdown Indicators
| ETB | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.09% | -29.25% | -21.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.64% | -5.62% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -14.67% | -8.76% |
Max Drawdown (10Y)Largest decline over 10 years | -45.08% | -14.67% | -30.41% |
Current DrawdownCurrent decline from peak | -6.30% | -2.65% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -3.92% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 1.61% | +0.82% |
Volatility
ETB vs. EIMAX - Volatility Comparison
Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) has a higher volatility of 5.99% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 1.03%. This indicates that ETB'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.
Loading graphics...
Volatility by Period
| ETB | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 1.03% | +4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 1.69% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.26% | 5.75% | +11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 4.34% | +11.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 4.19% | +13.82% |