ETHYX vs. TMNIX
Compare and contrast key facts about Eaton Vance High Yield Municipal Income Fund (ETHYX) and Counterpoint Tactical Municipal Fund (TMNIX).
ETHYX is managed by Eaton Vance. It was launched on Aug 6, 1995. TMNIX is managed by Counterpoint Mutual Funds. It was launched on Jun 10, 2018.
Performance
ETHYX vs. TMNIX - Performance Comparison
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ETHYX vs. TMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ETHYX Eaton Vance High Yield Municipal Income Fund | -0.24% | 3.97% | 5.17% | 6.93% | -12.25% | 3.87% | 3.90% | 10.07% | 1.22% |
TMNIX Counterpoint Tactical Municipal Fund | -0.24% | 2.56% | 3.92% | 6.85% | -3.12% | 2.96% | 6.73% | 8.70% | 0.12% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with ETHYX at -0.24% and TMNIX at -0.24%.
ETHYX
- 1D
- 0.25%
- 1M
- -2.80%
- YTD
- -0.24%
- 6M
- 1.62%
- 1Y
- 3.31%
- 3Y*
- 4.51%
- 5Y*
- 1.11%
- 10Y*
- 2.82%
TMNIX
- 1D
- 0.03%
- 1M
- -2.18%
- YTD
- -0.24%
- 6M
- 0.90%
- 1Y
- 3.88%
- 3Y*
- 3.41%
- 5Y*
- 2.37%
- 10Y*
- —
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ETHYX vs. TMNIX - Expense Ratio Comparison
ETHYX has a 0.73% expense ratio, which is lower than TMNIX's 1.00% expense ratio.
Return for Risk
ETHYX vs. TMNIX — Risk / Return Rank
ETHYX
TMNIX
ETHYX vs. TMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield Municipal Income Fund (ETHYX) and Counterpoint Tactical Municipal Fund (TMNIX). 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.
| ETHYX | TMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 1.71 | -1.06 |
Sortino ratioReturn per unit of downside risk | 0.90 | 2.55 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.44 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.82 | -1.11 |
Martin ratioReturn relative to average drawdown | 1.96 | 6.57 | -4.61 |
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
| ETHYX | TMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.71 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.79 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.35 | -0.37 |
Correlation
The correlation between ETHYX and TMNIX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ETHYX vs. TMNIX - Dividend Comparison
ETHYX's dividend yield for the trailing twelve months is around 4.47%, more than TMNIX's 3.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHYX Eaton Vance High Yield Municipal Income Fund | 4.47% | 5.43% | 4.56% | 3.36% | 3.85% | 3.04% | 3.41% | 4.66% | 3.82% | 3.74% | 4.04% | 4.10% |
TMNIX Counterpoint Tactical Municipal Fund | 3.07% | 2.79% | 3.31% | 3.40% | 0.36% | 4.39% | 2.36% | 3.69% | 1.10% | 0.00% | 0.00% | 0.00% |
Drawdowns
ETHYX vs. TMNIX - Drawdown Comparison
The maximum ETHYX drawdown since its inception was -43.98%, which is greater than TMNIX's maximum drawdown of -4.63%. Use the drawdown chart below to compare losses from any high point for ETHYX and TMNIX.
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Drawdown Indicators
| ETHYX | TMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.98% | -4.63% | -39.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -2.21% | -4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -4.63% | -12.47% |
Max Drawdown (10Y)Largest decline over 10 years | -17.10% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -2.18% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -1.48% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.61% | +1.79% |
Volatility
ETHYX vs. TMNIX - Volatility Comparison
Eaton Vance High Yield Municipal Income Fund (ETHYX) has a higher volatility of 1.28% compared to Counterpoint Tactical Municipal Fund (TMNIX) at 1.10%. This indicates that ETHYX's price experiences larger fluctuations and is considered to be riskier than TMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHYX | TMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.10% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 1.69% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.69% | 2.35% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 3.00% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 2.68% | +1.98% |