ETGAX vs. ABHYX
Compare and contrast key facts about Eaton Vance Georgia Municipal Income Fund (ETGAX) and American Century High-Yield Municipal Fund (ABHYX).
ETGAX is managed by Eaton Vance. It was launched on Dec 6, 1993. ABHYX is managed by American Century. It was launched on Mar 30, 1998.
Performance
ETGAX vs. ABHYX - Performance Comparison
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ETGAX vs. ABHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGAX Eaton Vance Georgia Municipal Income Fund | -0.44% | 5.10% | 1.87% | 5.64% | -7.83% | 0.78% | 4.69% | 6.54% | 1.50% | 3.60% |
ABHYX American Century High-Yield Municipal Fund | -0.31% | 3.77% | 6.16% | 5.90% | -13.90% | 5.61% | 4.68% | 9.72% | 1.48% | 9.27% |
Returns By Period
In the year-to-date period, ETGAX achieves a -0.44% return, which is significantly lower than ABHYX's -0.31% return. Over the past 10 years, ETGAX has underperformed ABHYX with an annualized return of 1.95%, while ABHYX has yielded a comparatively higher 2.85% annualized return.
ETGAX
- 1D
- 0.25%
- 1M
- -2.19%
- YTD
- -0.44%
- 6M
- 1.40%
- 1Y
- 4.31%
- 3Y*
- 3.26%
- 5Y*
- 1.02%
- 10Y*
- 1.95%
ABHYX
- 1D
- 0.35%
- 1M
- -2.26%
- YTD
- -0.31%
- 6M
- 1.15%
- 1Y
- 3.29%
- 3Y*
- 4.41%
- 5Y*
- 0.88%
- 10Y*
- 2.85%
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ETGAX vs. ABHYX - Expense Ratio Comparison
ETGAX has a 0.65% expense ratio, which is higher than ABHYX's 0.59% expense ratio.
Return for Risk
ETGAX vs. ABHYX — Risk / Return Rank
ETGAX
ABHYX
ETGAX vs. ABHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Georgia Municipal Income Fund (ETGAX) and American Century High-Yield Municipal Fund (ABHYX). 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.
| ETGAX | ABHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.60 | +0.39 |
Sortino ratioReturn per unit of downside risk | 1.34 | 0.83 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.72 | +0.45 |
Martin ratioReturn relative to average drawdown | 4.22 | 2.19 | +2.03 |
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
| ETGAX | ABHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.60 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.18 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.58 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.03 | -0.25 |
Correlation
The correlation between ETGAX and ABHYX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ETGAX vs. ABHYX - Dividend Comparison
ETGAX's dividend yield for the trailing twelve months is around 3.32%, less than ABHYX's 4.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETGAX Eaton Vance Georgia Municipal Income Fund | 3.32% | 4.02% | 3.60% | 2.68% | 2.01% | 1.57% | 2.04% | 2.91% | 2.90% | 2.95% | 3.06% | 3.31% |
ABHYX American Century High-Yield Municipal Fund | 4.82% | 5.11% | 4.96% | 4.02% | 2.77% | 3.50% | 3.35% | 4.08% | 3.90% | 3.61% | 3.61% | 3.91% |
Drawdowns
ETGAX vs. ABHYX - Drawdown Comparison
The maximum ETGAX drawdown since its inception was -27.12%, roughly equal to the maximum ABHYX drawdown of -26.34%. Use the drawdown chart below to compare losses from any high point for ETGAX and ABHYX.
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Drawdown Indicators
| ETGAX | ABHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.12% | -26.34% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -6.09% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.27% | -18.54% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -12.27% | -18.54% | +6.27% |
Current DrawdownCurrent decline from peak | -2.43% | -2.59% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -3.12% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.99% | -0.65% |
Volatility
ETGAX vs. ABHYX - Volatility Comparison
The current volatility for Eaton Vance Georgia Municipal Income Fund (ETGAX) is 1.15%, while American Century High-Yield Municipal Fund (ABHYX) has a volatility of 1.33%. This indicates that ETGAX experiences smaller price fluctuations and is considered to be less risky than ABHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETGAX | ABHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.33% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 2.09% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 6.17% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 4.90% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 4.96% | -1.18% |