ETHYX vs. AHYMX
ETHYX (Eaton Vance High Yield Municipal Income Fund) and AHYMX (abrdn Short Duration High Yield Municipal Fund) are both High Yield Muni funds. Over the past 10 years, ETHYX returned 2.80%/yr vs 1.52%/yr for AHYMX. A 0.70 correlation means they provide meaningful diversification when combined. ETHYX charges 0.73%/yr vs 0.68%/yr for AHYMX.
Performance
ETHYX vs. AHYMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETHYX achieves a 3.17% return, which is significantly higher than AHYMX's 1.18% return. Over the past 10 years, ETHYX has outperformed AHYMX with an annualized return of 2.80%, while AHYMX has yielded a comparatively lower 1.52% annualized return.
ETHYX
- 1D
- -0.12%
- 1M
- 2.13%
- YTD
- 3.17%
- 6M
- 3.81%
- 1Y
- 8.87%
- 3Y*
- 5.23%
- 5Y*
- 1.32%
- 10Y*
- 2.80%
AHYMX
- 1D
- 0.00%
- 1M
- 1.23%
- YTD
- 1.18%
- 6M
- 1.87%
- 1Y
- 4.90%
- 3Y*
- 2.82%
- 5Y*
- 0.13%
- 10Y*
- 1.52%
ETHYX vs. AHYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETHYX Eaton Vance High Yield Municipal Income Fund | 3.17% | 3.97% | 5.17% | 6.93% | -12.25% | 3.87% | 3.90% | 10.07% | 1.46% | 7.97% |
AHYMX abrdn Short Duration High Yield Municipal Fund | 1.18% | 2.91% | 4.07% | 1.56% | -9.36% | 4.06% | 1.81% | 5.23% | 1.50% | 4.19% |
Correlation
The correlation between ETHYX and AHYMX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.70 |
The correlation between ETHYX and AHYMX has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETHYX vs. AHYMX — Risk / Return Rank
ETHYX
AHYMX
ETHYX vs. AHYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield Municipal Income Fund (ETHYX) and abrdn Short Duration High Yield Municipal Fund (AHYMX). 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.
| ETHYX | AHYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.43 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.48 | +0.49 |
| Martin ratioReturn relative to average drawdown | 10.11 | 8.83 | +1.28 |
Loading charts...
Drawdowns
ETHYX vs. AHYMX - Drawdown Comparison
The maximum ETHYX drawdown since its inception was -43.98%, which is greater than AHYMX's maximum drawdown of -11.53%. Use the drawdown chart below to compare losses from any high point for ETHYX and AHYMX.
Loading charts...
Drawdown Indicators
| ETHYX | AHYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.98% | -11.53% | -32.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -1.98% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.79% | -4.53% | -3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -11.53% | -5.57% |
Max Drawdown (10Y)Largest decline over 10 years | -17.10% | -11.53% | -5.57% |
Current DrawdownCurrent decline from peak | -0.12% | -0.42% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -2.48% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.56% | +0.33% |
Volatility
ETHYX vs. AHYMX - Volatility Comparison
Eaton Vance High Yield Municipal Income Fund (ETHYX) and abrdn Short Duration High Yield Municipal Fund (AHYMX) have volatilities of 0.94% and 0.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETHYX | AHYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.90% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 1.94% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 2.65% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 2.93% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 2.61% | +2.07% |
ETHYX vs. AHYMX - Expense Ratio Comparison
ETHYX has a 0.73% expense ratio, which is higher than AHYMX's 0.68% expense ratio.
Dividends
ETHYX vs. AHYMX - Dividend Comparison
ETHYX's dividend yield for the trailing twelve months is around 4.40%, less than AHYMX's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYMX abrdn Short Duration High Yield Municipal Fund | 4.56% | 4.52% | 3.32% | 2.21% | 2.05% | 2.31% | 2.74% | 3.10% | 3.39% | 2.82% | 3.28% | 3.43% |
ETHYX Eaton Vance High Yield Municipal Income Fund | 4.40% | 5.43% | 4.56% | 3.36% | 3.85% | 3.04% | 3.41% | 4.66% | 3.82% | 3.74% | 4.04% | 4.10% |
Frequently Asked Questions
ETHYX and AHYMX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHYX has higher volatility (0.94%) compared to AHYMX (0.90%). In terms of maximum drawdown, ETHYX dropped -43.98% vs AHYMX's -11.53%.
ETHYX currently has the higher Sharpe Ratio (2.50 vs 1.86), 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.
Find the right allocation for ETHYX and AHYMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer