ETGIX vs. EIMAX
ETGIX (Eaton Vance Greater India Fund) and EIMAX (Eaton Vance Massachusetts Municipal Income Fund) are both mutual funds - ETGIX is a India Equities fund managed by Eaton Vance, while EIMAX is a Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, ETGIX returned 6.92%/yr vs 1.35%/yr for EIMAX. Their -0.00 correlation means they have often moved in opposite directions in the past. 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 -6.22% return, which is significantly lower than EIMAX's 0.25% return. Over the past 10 years, ETGIX has outperformed EIMAX with an annualized return of 6.92%, while EIMAX has yielded a comparatively lower 1.35% annualized return.
ETGIX
- 1D
- 1.77%
- 1M
- 3.61%
- 6M
- -3.98%
- YTD
- -6.22%
- 1Y
- -5.46%
- 3Y*
- 6.44%
- 5Y*
- 2.23%
- 10Y*
- 6.92%
- ALL TIME*
- 6.30%
EIMAX
- 1D
- 0.00%
- 1M
- -2.16%
- 6M
- -0.42%
- YTD
- 0.25%
- 1Y
- 4.87%
- 3Y*
- 3.05%
- 5Y*
- -0.09%
- 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 |
ETGIX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | -6.22% | -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 | 0.25% | 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 historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 1994 | -0.00 |
The correlation between ETGIX and EIMAX shifts across timeframes, from -0.00 (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 | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.43 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.76 | -2.03 |
| Martin ratioReturn relative to average drawdown | -0.56 | 5.61 | -6.18 |
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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 | -20.38% | -2.77% | -17.61% |
Max Drawdown (3Y)Largest decline over 3 years | -27.22% | -6.83% | -20.39% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -14.49% | -15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -14.67% | -28.04% |
Current DrawdownCurrent decline from peak | -16.83% | -2.16% | -14.67% |
Average DrawdownAverage peak-to-trough decline | -26.83% | -3.89% | -22.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.57% | 0.87% | +8.70% |
Volatility
ETGIX vs. EIMAX - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) has a higher volatility of 4.95% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 0.93%. 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 | 4.95% | 0.93% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 2.26% | +10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 2.83% | +11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 4.40% | +10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 4.21% | +13.46% |
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 15.43%, more than EIMAX's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.36% | 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 | 15.43% | 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 (4.95%) compared to EIMAX (0.93%). In terms of maximum drawdown, ETGIX dropped -73.62% vs EIMAX's -29.25%.
EIMAX currently has the higher Sharpe Ratio (1.73 vs -0.37), 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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