ETGIX vs. ETOHX
ETGIX (Eaton Vance Greater India Fund) and ETOHX (Eaton Vance Ohio Municipal Income Fund) are both mutual funds - ETGIX is a India Equities fund managed by Eaton Vance, while ETOHX is a Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, ETGIX returned 6.64%/yr vs 1.77%/yr for ETOHX. Their -0.01 correlation means they have often moved in opposite directions in the past. ETGIX charges 1.57%/yr vs 0.70%/yr for ETOHX.
Performance
ETGIX vs. ETOHX - Performance Comparison
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Returns By Period
In the year-to-date period, ETGIX achieves a -8.27% return, which is significantly lower than ETOHX's 0.40% return. Over the past 10 years, ETGIX has outperformed ETOHX with an annualized return of 6.64%, while ETOHX has yielded a comparatively lower 1.77% annualized return.
ETGIX
- 1D
- 0.42%
- 1M
- 1.36%
- 6M
- -3.15%
- YTD
- -8.27%
- 1Y
- -7.43%
- 3Y*
- 5.04%
- 5Y*
- 2.21%
- 10Y*
- 6.64%
- ALL TIME*
- 6.23%
ETOHX
- 1D
- -0.12%
- 1M
- -1.69%
- 6M
- -0.14%
- YTD
- 0.40%
- 1Y
- 4.78%
- 3Y*
- 2.77%
- 5Y*
- 0.28%
- 10Y*
- 1.77%
- ALL TIME*
- 3.60%
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. ETOHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | -8.27% | -2.06% | 17.55% | 20.60% | -19.86% | 25.74% | 17.64% | 10.52% | -12.14% | 44.79% |
ETOHX Eaton Vance Ohio Municipal Income Fund | 0.40% | 4.00% | 1.45% | 4.85% | -8.30% | 0.94% | 5.43% | 8.09% | 0.88% | 4.54% |
Correlation
The correlation between ETGIX and ETOHX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
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 | -0.01 |
The correlation between ETGIX and ETOHX shifts across timeframes, from -0.01 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETGIX vs. ETOHX — Risk / Return Rank
ETGIX
ETOHX
ETGIX vs. ETOHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Greater India Fund (ETGIX) and Eaton Vance Ohio Municipal Income Fund (ETOHX). 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 | ETOHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.48 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 1.91 | -2.30 |
| Martin ratioReturn relative to average drawdown | -0.82 | 6.56 | -7.38 |
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Drawdowns
ETGIX vs. ETOHX - Drawdown Comparison
The maximum ETGIX drawdown since its inception was -73.62%, which is greater than ETOHX's maximum drawdown of -21.71%. Use the drawdown chart below to compare losses from any high point for ETGIX and ETOHX.
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Drawdown Indicators
| ETGIX | ETOHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -21.71% | -51.91% |
Max Drawdown (1Y)Largest decline over 1 year | -20.38% | -2.87% | -17.51% |
Max Drawdown (3Y)Largest decline over 3 years | -27.22% | -5.32% | -21.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -13.00% | -16.84% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -13.00% | -29.71% |
Current DrawdownCurrent decline from peak | -18.64% | -1.69% | -16.95% |
Average DrawdownAverage peak-to-trough decline | -26.83% | -2.43% | -24.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.53% | 0.84% | +8.69% |
Volatility
ETGIX vs. ETOHX - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) has a higher volatility of 4.69% compared to Eaton Vance Ohio Municipal Income Fund (ETOHX) at 0.91%. This indicates that ETGIX's price experiences larger fluctuations and is considered to be riskier than ETOHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETGIX | ETOHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 0.91% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 2.29% | +10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.56% | 2.78% | +11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 3.91% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 4.20% | +13.46% |
ETGIX vs. ETOHX - Expense Ratio Comparison
ETGIX has a 1.57% expense ratio, which is higher than ETOHX's 0.70% expense ratio.
Dividends
ETGIX vs. ETOHX - Dividend Comparison
ETGIX's dividend yield for the trailing twelve months is around 15.77%, more than ETOHX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | 15.77% | 14.47% | 4.07% | 4.85% | 21.62% | 8.60% | 0.24% | 2.79% | 1.17% | 3.32% | 0.56% | 0.79% |
ETOHX Eaton Vance Ohio Municipal Income Fund | 3.21% | 4.24% | 3.62% | 2.42% | 2.81% | 2.56% | 2.77% | 3.40% | 3.11% | 3.42% | 3.58% | 3.73% |
Frequently Asked Questions
ETGIX and ETOHX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETGIX has higher volatility (4.69%) compared to ETOHX (0.91%). In terms of maximum drawdown, ETGIX dropped -73.62% vs ETOHX's -21.71%.
ETOHX currently has the higher Sharpe Ratio (1.98 vs -0.54), 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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