ETGIX vs. EIMAX
ETGIX (Eaton Vance Greater India Fund) and EIMAX (Eaton Vance Massachusetts Municipal Income Fund) are both mutual funds - ETGIX is a Asia Pacific Equities fund managed by Eaton Vance, while EIMAX is a Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, ETGIX returned 7.68%/yr vs 1.46%/yr for EIMAX. At a correlation of -0.01, they often move in opposite directions. ETGIX charges 1.57%/yr vs 0.48%/yr for EIMAX.
Performance
ETGIX vs. EIMAX - Performance Comparison
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Returns By Period
In the year-to-date period, ETGIX achieves a -9.52% return, which is significantly lower than EIMAX's 1.63% return. Over the past 10 years, ETGIX has outperformed EIMAX with an annualized return of 7.68%, while EIMAX has yielded a comparatively lower 1.46% annualized return.
ETGIX
- 1D
- 0.52%
- 1M
- 2.92%
- YTD
- -9.52%
- 6M
- -10.18%
- 1Y
- -10.98%
- 3Y*
- 6.58%
- 5Y*
- 2.93%
- 10Y*
- 7.68%
EIMAX
- 1D
- -0.13%
- 1M
- 1.60%
- YTD
- 1.63%
- 6M
- 2.07%
- 1Y
- 6.84%
- 3Y*
- 3.24%
- 5Y*
- 0.38%
- 10Y*
- 1.46%
ETGIX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | -9.52% | -2.06% | 17.55% | 20.60% | -19.86% | 25.74% | 17.64% | 10.52% | -12.14% | 44.79% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 1.63% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Correlation
The correlation between ETGIX and EIMAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 1994 | -0.01 |
The correlation between ETGIX and EIMAX shifts across timeframes, from -0.01 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETGIX vs. EIMAX — Risk / Return Rank
ETGIX
EIMAX
ETGIX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Greater India Fund (ETGIX) 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.
| ETGIX | EIMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.99 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.63 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.53 | -3.02 |
| Martin ratioReturn relative to average drawdown | -1.05 | 8.55 | -9.60 |
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Drawdowns
ETGIX vs. EIMAX - Drawdown Comparison
The maximum ETGIX drawdown since its inception was -73.62%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for ETGIX and EIMAX.
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Drawdown Indicators
| ETGIX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -29.25% | -44.37% |
Max Drawdown (1Y)Largest decline over 1 year | -22.03% | -2.77% | -19.26% |
Max Drawdown (3Y)Largest decline over 3 years | -27.22% | -6.83% | -20.39% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -14.67% | -15.17% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -14.67% | -28.04% |
Current DrawdownCurrent decline from peak | -19.76% | -0.36% | -19.40% |
Average DrawdownAverage peak-to-trough decline | -26.85% | -3.90% | -22.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | 0.82% | +9.40% |
Volatility
ETGIX vs. EIMAX - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) has a higher volatility of 3.51% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 0.83%. This indicates that ETGIX'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
| ETGIX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 0.83% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 2.09% | +10.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 2.88% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 4.38% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 4.21% | +13.44% |
ETGIX vs. EIMAX - Expense Ratio Comparison
ETGIX has a 1.57% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Dividends
ETGIX vs. EIMAX - Dividend Comparison
ETGIX's dividend yield for the trailing twelve months is around 15.99%, more than EIMAX's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.60% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
ETGIX Eaton Vance Greater India Fund | 15.99% | 14.47% | 4.07% | 4.85% | 21.62% | 8.60% | 0.24% | 2.79% | 1.17% | 3.32% | 0.56% | 0.79% |
Frequently Asked Questions
ETGIX and EIMAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETGIX has higher volatility (3.51%) compared to EIMAX (0.83%). In terms of maximum drawdown, ETGIX dropped -73.62% vs EIMAX's -29.25%.
EIMAX currently has the higher Sharpe Ratio (2.44 vs -0.76), 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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